1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures - Bac

Whether the latest MTP v2.2 tool is useful?

  • YES. The tool helps to take safe positions using FLOW and Renko Charts

    Votes: 26 92.9%
  • NO. The tool is not useful

    Votes: 2 7.1%

  • Total voters
    28
  • Poll closed .

healthraj

Well-Known Member
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Options Data for SBIN

MAX OI at 1850-2000 Pair. 1850 being broken already, it would be better idea to buy above 1875.

MAX CHG in OI today at 1800-1850. 1800 PE being positive and all other PEs squaring off happening.
 
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jamit_05

Well-Known Member
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

There are two possibilities:

1) Either this Gap down is a genuine panic and a trend reversal Or.

2) It is just a correction. A reversion of price to the mean.

Points favouring the second:
a. NF is still in strong premium. July is 6 pts Prm and August 30 !
b. NF has filled a gap, with a gap, and has not gone lower than today's Open.
c. NF has not gone below its Daily Ema 15, which is a must for a trend change.
d. Opt Table has only affirmed 6000 at the top for the series. None of the established PEs have liquidated below 70L. 5900 PE OI > 70L

So I think, price may bob between 6000 and 5850 for rest of the series.
 

healthraj

Well-Known Member
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

The BIG INFY Joke :)

Last week Everybody was busy buying INFY options - Volatility was around 90%... This week both the PE and CE options are being Sold... Volatility below INFY average of 35% (expecially the PUT Volatility)... So if you are a Option Trader, Trade with Volatility.
 

healthraj

Well-Known Member
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

There are two possibilities:

1) Either this Gap down is a genuine panic and a trend reversal Or.

2) It is just a correction. A reversion of price to the mean.

Points favouring the second:
a. NF is still in strong premium. July is 6 pts Prm and August 30 !
b. NF has filled a gap, with a gap, and has not gone lower than today's Open.
c. NF has not gone below its Daily Ema 15, which is a must for a trend change.
d. Opt Table has only affirmed 6000 at the top for the series. None of the established PEs have liquidated below 70L. 5900 PE OI > 70L

So I think, price may bob between 6000 and 5850 for rest of the series.
I think it is genuine correction because of the bouncer at 6000CE - (But 100+ points is due to the RBI bouncer). From my calculation of the Premium using the Options data (not the difference between Spot and Futures) it is around -65. So it is a Heavily SOLD market.... So we might see some bounce back in the afternoon or tomorrow. The CHG in PE would be the indicator. Now it is at -20L. If it goes to positive then we might surely see a bounce. So have to watch on the PE CHG in OI...
 
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

There are two possibilities:

1) Either this Gap down is a genuine panic and a trend reversal Or.

2) It is just a correction. A reversion of price to the mean.

Points favouring the second:
a. NF is still in strong premium. July is 6 pts Prm and August 30 !
b. NF has filled a gap, with a gap, and has not gone lower than today's Open.
c. NF has not gone below its Daily Ema 15, which is a must for a trend change.
d. Opt Table has only affirmed 6000 at the top for the series. None of the established PEs have liquidated below 70L. 5900 PE OI > 70L

So I think, price may bob between 6000 and 5850 for rest of the series.
It's just a matter of time. Large bullish positions have to be squared up and what better way than prop up by 30 points and then slaughter. 2:30 is when the cards would be shown
 

jamit_05

Well-Known Member
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Hi guys , I am joining infy next monday... My second company!! :)
A reason for us to rejoice. We now have a friend in Infy to give us reports about its health (nevermind his own health) :)

Keep coming to the forum.
 

healthraj

Well-Known Member
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Normally when the Market corrects, it will surely take the full points I mean 60 points or 90 points or 120 points. already made 1.63%. So today market will make 120-130 points correction which is 2.2%. So today's low might be 5900. Risky Traders can Buy around 5900 provided the positions are being created in PE also...
 

jamit_05

Well-Known Member
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

It's just a matter of time. Large bullish positions have to be squared up and what better way than prop up by 30 points and then slaughter. 2:30 is when the cards would be shown
It is just my observation:

Unless, some radical fundamental change comes by cuz of which price cannot wait, Trend Changes mostly happen after a series is over. For some reason market makers prefer that. It also makes sense, else they would have to reverse their entire positions and again at expiry... increasing expenses etc.
 

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