iCharts Discussions

SwingTrader · Posted: Tue Jun 03, 2014 10:09 pm Post subject:

Updated OTM PCR & Market Breadth charts (03.06.2014)

Just posting updated charts. Nothing much to say, everything continues to be obvious as it has been for a while now.

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

SwingTrader · Posted: Wed Jun 04, 2014 9:14 am Post subject:

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

manojkr78 · Green Belt Joined: 07 Mar 2011 Posts: 1014

ST & Vinay,

any correction expected as 3 months charts is at peak????

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

SwingTrader · Posted: Wed Jun 04, 2014 12:07 pm Post subject:

SwingTrader · Posted: Wed Jun 04, 2014 12:11 pm Post subject:

manojkr78 · Green Belt Joined: 07 Mar 2011 Posts: 1014

thanks ST & Vinay.....

SwingTrader · Posted: Sun Jun 15, 2014 10:10 pm Post subject:

Updated market sentiment charts (13.06.2014)

OTM PCR rank went above 50% after almost three weeks, some weakness in sentiment but not enough to take decisions. Options sentiment conveys the same. Market breadth & pct changes continue to be firmly bullish.

We will have to watch the action this week to see if further weakness creeps into the market or we continue the uptrend.

SwingTrader · Posted: Sun Jun 29, 2014 10:18 pm Post subject:

Updated Market Sentiment Charts (27.06.2014)

No hint of any serious weakness in the market (relating to intermediate term moves). We have short term pullback / consolidation going on that most likely will resolve to the upside. Atleast that is what I assume as long as the intermediate term trend remains up.

Options sentiment / OTM PCR rank continue to indicate bullish bias. Market breadth continues to remain very strong (long & intermediate term). Short term breadth is positive again after dipping to negative during the recent pullback.

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

I guess the delivery pangs should start in 3 month ave change soon. Smile

SwingTrader · Posted: Wed Jul 09, 2014 9:41 am Post subject:

Updated Options Sentiment charts (08.07.2014)

Time to watch price action closely as things are heating up in options sentiment. No signal yet, we will have to see if things deteriorate further. Will post other charts this evening.

SwingTrader · Posted: Wed Jul 09, 2014 9:53 pm Post subject:

Updated Market Sentiment Charts (09.07.2014)

Time to get cautious. It may turn out to be just another pullback or maybe more, I don't know. But the signs point to some kind of bearish activity in the market and it would not hurt to be careful. I will be closely watching the price action for clear support breakdowns in nifty.

NSE stocks percent changes (1 mth vs 3 mths) is showing signs of bearishness. Short term component of market breadth too is indicating bearish breadth. OTM PCR too hovering near 80% levels which indicates bearishness. I would be careful until all these signs revert back to earlier levels.