where would nifty go in the oct,2014 series?

hi traders,
Nifty is showing weakness.But i think its buying opportunity.Accumulation and distribution line is still strengthening upward trend intact.MACD has gone into -ive territory, but it can bounce back anytime. Slow stochastics is still above 20,strengthening upward trend.Once nifty crosses 8027, nifty will easily go beyond 8600.
Happy trading

I am expecting Nifty to go upto 8025-8125 in next week and also I am expecting it to close around 7950 in expiry.

Nifty is trading very rangebound and options data confirms that too. There is little to no possiblity of breaching 8200/8300 in this expiry.

Hi simplebuthard,
I haven't checked option data for this month. Can you tell me daily volatility in nifty. for last 30 days. After studying the relevant data, I shall post next in this month only.

You can check options data from here

http://www.nseindia.com/live_market...-&segmentLink=17&symbolCount=2&segmentLink=17

i don't have volatality data.

How does it matter to a trader where nifty will be at any point in time?

Ask the right questions

Exactly we shd not care abt the direction , especially the option traders when they have strategies for every type of market , bullish bearish neutral etc etc....

I beg to differ, to me my entire trading is about understanding market direction. Anyone who does not know where the market is heading as know idea about making money in markets.

Even an option trader needs to have an idea of what he expects from the markets. He might be limiting his risk with strategy thats all.

Even as a day trader you need to identify market direction for the day.