My Daily Options Trading Diary

[findvikas]

Just chart manipulation... nothing more or less..

Well there is some buying support coming at 4970 level... so may be we will have flattish kinda opening tomorrow... but again it depends on how global markets pan out...

Reliance can hold the markets to NOT fall like a stone but I think its the operator's best man to take nifty for a ride... just short 1 share and 8 out of 10 companies loose their market cap

IF REL HOLDS 2070 IN CLOSING NF CAN BOUNCE AGAIN:thumb:

 

[fabrics]

Well there is some buying support coming at 4970 level... so may be we will have flattish kinda opening tomorrow... but again it depends on how global markets pan out...

Global sentiments are down at this moment,but traders memory is very short.Tomorrow will be full of surprises.

 

[findvikas]

S&P is again below 1100 mark

 

[findvikas]

There comes the recovery in market.... 5000 on Nifty ...

there goes 5000 back in dustbin .... now keep 4990-5005 as shorting range and SL @ 5010-5015 for downside of 4850-4750

 

[findvikas]

again its well defined plan... a sudden breach in market of over 2-3% is eaten up the very next day.. but continuous 2-3 days of fall of average 1-1.5% daily cannot be seen like very steep dive.

 

[findvikas]

Finally it took support at 34day MA, a open below that level will take it to find support around 21d MA of 4906 and then finally at 4881

 

[gb333]

hi Vikas,,
do u think that SMA (13,21) really helps in intraday trading in 15 min chart?

 

[findvikas]

Yes, 13,21 works well on smaller intervals.

SMA has their own limitations like any technical indicators. Biggest limitation of Moving Average is that they work only when market is moving... a sideways trading market or random walk usually do not give good signals.

 

[findvikas]

DOW has almost touched my level of 10250 and a close below that for the week will confirm the reversal of DOW JONES. Although it was somewhere around 10300 but I am taking 10250 as worst case scenario

 

[findvikas]

Just so that you know... December's series also turned bearish today as per my Bull/Bear Ratio

This is the ratio from past 3 days for the December series

Open Interest..........BBR...........Trend
.......2999000..........3.13..........Bullish
.......4386800..........1.07..........Bullish
.......5829950..........0.63..........Bearish