My System - My trades.

[varunkochhar]

More over look at the 200EMA price line in 1min. charts, it is rising. That said, it is always prudent to take profits as per your choice.

 

[srikanthp]

When I used Wells Wilder 200 MA (available in Kite web) the BankNifty seems to have been fitted more accurately than Exponential MA in todays chart. Any comments on which is better? figure attached.

 

[srikanthp]

And this one is the exponential 200 MA.

 

[srikanthp]

Oops..my earlier Wells Wilder figure got deleted when I uploaded this Exponential one. How can I retain both figures? I am new to posting figures.

 

[varunkochhar]

Markets should be oK if we are above 20180.

 

[varunkochhar]

No shorts above 20180.

 

[varunkochhar]

Volumes both in 1min./5min. (OBV) are at the highest levels for the past 6 months (Maybe more).

 

[varunkochhar]

I have been shouting myself hoarse. There has been a constant addition in volumes right from lower levels 17800/18000 which is all very evident in OBV charts. At 17800 levels the OBV stood at -2million contracts(the lowest levels in the whole of last year). To day we are at +8million contracts. So you can gauge the addition in volumes. Where did it come from fii/dii/retail .. I don't care but they came nevertheless. And everybody was wanting to short the markets at all levels. What were they expecting, the markets to oblige.

 

[varunkochhar]

On budget day the OBV was at +4million contracts. They have doubled in 2 days. The market men surely know something which the retail does not , it seems.

 

[varunkochhar]

Got a signal to short crude at 3633. Booked 15 Points.