Hello

Dear All
thanks a ton for having a wonderful site where one could share his experience on trade.
i use to trade in share ,now intend to enhance my expertise in F& O,primarily in NIFTY.
i have have not taken any formal training but read few books on the subject.
NIFTY trading is being done for last 7 months.
Burnt my fingers many a times...and learning the harder way...
hoping to learn from u all
rgds
mike

Re: Hello,My Reading of Nifty option for tomarrow

Hi all ,
like all i have been trying different methodology to have more of positive earning rather loosing more often.I adopt fwg criteria for my trading:-
-nifty volatility index is 26.29
-outlook monthly -down
- outlook- weekly-Bullish
out look daily-sideways to+ve
the reasons:
(spinning top) Even though the session opened and closed with little change, prices moved significantly higher and lower in the meantime. Neither buyers nor sellers could gain the upper hand and the result was a standoff.
ADX-19...while yesterday it was 20
vol-104 lakhs.......yesterday-90(incr in vol..+sign)
fullstochastic-indicate buy (although indicate=equal posn)
RSI-45 yesterday 47(people are still buying stock)
EMV -2 yesterday 1(-do-)
Conclusion=pl take short posn.
Market =[sideways to+ve]
rgds
mike2001