iCharts Discussions

SwingTrader · Posted: Fri Dec 06, 2013 8:56 am Post subject:

Updated NF OTM PCR Rank Chart (05.12.2013)

Rank at 34.30% - bullish bias. As long as NS can stay above 6230 (on a daily closing basis) I think things could remain bullish. Options sentiment too confirming the bullish bias.

SwingTrader · Posted: Mon Dec 09, 2013 7:16 pm Post subject:

Updated NF OTM PCR Rank & Options Sentiment charts (09.12.2013)

Rank is down to 21.10%. I could not post the charts on Friday. The rank on friday was 21.20%. Not much change since friday but bias is near bullish extreme.

Options sentiment confirms the same.

SwingTrader · Posted: Fri Dec 13, 2013 7:59 pm Post subject:

Updated NF OTM PCR Rank, Options Sentiment and Market Breadth charts (13.12.2013)

Rank at 70% so bearish bias is in place but options sentiment is not yet indicating any serious down move. Time to watch closely.

Market breadth indicating just a pullback. Unless medium term breadth breaks down seriously, this could only be a temporary pullback.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

SwingTrader · Posted: Sun Dec 22, 2013 8:02 pm Post subject:

Updated OTM PCR Rank, Options Sentiment & Market Breadth charts (20.12.2013)

Bullish bias indicated by both OTM PCR rank and options sentiment charts. Long term breadth too strong (long & intermediate). Short term breadth turning up too.

I think rank signal confirmed by significant options sentiment reading only would indicate any significant. We have not seen this recently. Options sentiment has not hit even the first bearish signal line recently (blue line - 1st line in the top bands).

SwingTrader · Posted: Sun Dec 29, 2013 6:26 pm Post subject:

Updated OTM PCR rank, options sentiment and market breadth charts (27.12.2013)

Bullishness everywhere. Nothing else to say. There doesn't seem to be a point in searching for weakness anymore. These charts would be worth to look at once weakness creeps in. I don't see that at the moment.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

SwingTrader · Posted: Sun Dec 29, 2013 8:18 pm Post subject:

SwingTrader · Posted: Sat Jan 04, 2014 10:53 am Post subject:

Updated OTM PCR rank, options sentiment & market breadth charts (03.01.2014)

OTM PCR rank is above 50% indicating bearish bias but options sentiment has not yet indicated sufficient downside bias to take action.

Market breadth remains extremely strong.

The probability of pullback remains high but bias still is bullish. 6130 on NS is crucial, if that breaks on a daily closing basis we could see a decent pullback.

SwingTrader · Posted: Thu Jan 09, 2014 9:44 pm Post subject:

Updated NSE OTM PCR Rank & NSE Options Sentiment charts (09.01.2014)

Significant change in both the charts. Rank has shot up above 80% and options sentiment showing strong movement towards the first upper bands which could confirm a sell signal.

The next 2-3 trading sessions can be crucial....or maybe tomorrow itself?

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

next couple of days crucial I guess.

SwingTrader · Posted: Fri Jan 10, 2014 9:49 pm Post subject:

Updated NSE OTM PCR Rank and NSE Options Sentiment charts (10.01.2014)

Rank has shot up above 90% after a long time. Last time it was above 90% was during the Jul-Aug 2013 correction. Options sentiment too at highest bearish levels since late Aug 2013. Rank has given a sell that will be confirmed if NS gives a daily close below 6130. Options sentiment too needs to confirm a sell by hitting the first bearish band above.

Early next week should make things clear.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

rank should remain above 70 for a few days for further fall.

apka · Black Belt Joined: 13 Dec 2011 Posts: 6137

ST and Vinay,

The rank has crossed up 80-90%, but VIX has fallen to near a very low value of 15. How should we value the strength of rank cross in such a case? Does it get less...

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748