Re: FNO - Futures with OI and CoC
Hello members , especially (Test 123 , Somatung ), i started to read options threads as you hinted and given links, not yet trading options just doing equities only but ongoing i diverted to futures again, as underlying is futures
( infact if say accurately spot prices), and again jumped to read about OI and CoC . Here i randomly listed some scripts in a table .and also given the OI-Coc interpretations 1-4 chances below the table. (in table OI= OI change % , Coc = coc change %)
NF - oi 2.46 , coc 5.74 as oi -coc increase NF can go high(No.1 interpretation longs accumulating ) but oi not much high and also by daily charts after one red inverted hammer yesterday was red hammer which is a reversal canlde and also previous 2 days low maintained , if tomorrow opens above and sustaining yesterday open is confirmation of reversal where max. tgt would be 8510 -8560 levels .
VEDL - OI (-1.82) , coc 9.19 ( as per NO.2 shorts are closing) here also oi is not much high but coc is high nearly 10 % , as per daily charts 3 days back hammer candle with huge volume and previous day candle was also IH and yesterday candle was green candle with no low (tiny) and the 2 last candles volume aslo high compare to previous days ,so expecting go upto 155-160
JSPL - oi- 5.42 coc 14.72 longs are accumulating , hammer at bottom with huge volume ,expecting 93-100 range
TATASTEEL - oi- 4.01 coc - (-52.31) shorts are accumulating can go low? but oi is not so high , also trendline support is there (sep 30 2013 low 269.9)
if support broken can go upto 200 levels ?
TATAMOTORS oi- 1.1 coc - 7.88 longs are adding but oi not much high so expecting if tomorrow nifty is strong tehn can go 425-30 levels if supports broken can go upto 330 levels
ONGC - longs adding , expectign upto 320-23
ACC - shorts adding can fall upto 1400 levels ?
TCS longs are adding , strong support at 2400 , expecting can go upto 2600 minimum
SBIN - not clear direction , as per charts in sideways can go upto 280 0r 250 in downside according tomorrow open
RECL - like sbin not clear , but as per charts sure can go upto 290 -300 ?
JSW ENERGY shorts are closing , if 95 level holds sure can go upto 100 -110
here im just telling my views only , what i expect , and also is a test for my observations . lets see what happens in the weekend . besides greece problems charts should follow the expectations if charts reading are strong . hhm hoping for the best .
also given roll over and roll over cost , what i know about is rollover means carry forwarding thi month contract to next month , is it right ? why i gven here becuase our forum experts will give some details about that how to use with this OI -coc interpretations to make better.
THANK YOU TO ALL those reply and educate me in this post . THANK YOU.