iCharts Discussions

AMBY · Yellow Belt Joined: 05 Sep 2014 Posts: 503

THANKS FOR THE LEVELS.

welgro · Brown Belt Joined: 24 Sep 2012 Posts: 1784

Nifty Future if trade and close above 8240...
Expected trend reversal...

satishkadam · Yellow Belt Joined: 01 Apr 2010 Posts: 805

welgro · Brown Belt Joined: 24 Sep 2012 Posts: 1784

FII sold in Cash (Net sell 437.56 Crore)

FII bough in index future,index option and stock future but sold in stock option (Net buy 3404.65 Crore)

DII bought huge in Cash (Net buy 1114.38 Crore)

FII’s bought 7015 contract of Index Future worth 197.60 cores,5882 Long contract were squared off by FII’s and 12897 short contracts were squared off by FII’s. Net Open Interest decreased by 18779 contract.

Nifty Open Interest down by 50478 contracts, with increase in price, (FII, DII,Brokers and retailers) Booked profit their 58634 long contracts. FII,Brokers and retailers are squared off their 70736 short contracts. DII added 12102 fresh short contracts.

FII bought 95061 contracts CE longs and 739 CE short contracts were squared off by them.

FII bought 7989 contracts PE longs and 2250 contracts PE were shorted by them.

FII's Net Open Interest increased by 104561 contract in index options.

welgro · Brown Belt Joined: 24 Sep 2012 Posts: 1784

Nifty spot Hourly chart analysis...

Nifty spot strong resistance @ 8219 - 8232.(Note : positional trend suggesting [short term] Long)
index if trade and hold above this resistance,expected short covering rally.
Next important resistance is 8282 - 8295.

Nifty spot EOD analysis.....

Nifty spot now formed Wolfe wave Bullish setup..
Index if trade above Previous trading day high (8225) we will get this setup entry confirmation.
Projected target is "New All Time High" and the stop loss is recent swing low (7990).

Nifty spot weekly chart analysis...

Nifty spot will face strong resistance @ 8390 - 8444 level.
Upcoming week nifty spot if close(weekly) above this resistance.we will get bear trap confirmation.
Nifty Spot if close (weekly) above prior high,Expected Pivot Point reversal.Let's see...

kifs · White Belt Joined: 22 Jul 2009 Posts: 26

any view on stocks to watch

welgro · Brown Belt Joined: 24 Sep 2012 Posts: 1784

FII bought in Cash (Net buy 169.97 Crore)

FII bought in index future, index option and in stock future (Net buy 2147.73 Crore)

DII bought in Cash (Net buy 328.57 Crore)

FII’s bought 13938 contract of Index Future worth 292.60 cores,8043 Long contract were Added by FII’s and 5895 short contracts were squared off by FII’s. Net Open Interest increased by 2148 contract.

Nifty Open Interest down by 12151 contracts, with increase in price, (Today DII's added 9030 fresh short contracts.Note:Yesterday DII added 12102 fresh short contracts.)

FII bought 28380 contracts CE longs (Note:Retailers booked their 41205 CE long contracts) and 6697 CE short contracts were added by them.

FII bought 41880 contracts PE longs contracts and 16139 contracts PE were shorted by them.

FII's Net Open Interest increased by 93096 contract in index options.

welgro · Brown Belt Joined: 24 Sep 2012 Posts: 1784

Nifty Future

welgro · Brown Belt Joined: 24 Sep 2012 Posts: 1784

8200 spot is stoploss for current long positions..
Once if breach this level ... i will exit my longs... Now no idea Abt short side...

AMBY · Yellow Belt Joined: 05 Sep 2014 Posts: 503

THANKS FOR LEVELS.

lotus1810 · White Belt Joined: 26 Sep 2014 Posts: 60

Hello Welgro,

I have been a followere since long time of your precise understanding of the market forces undercurrent and indepth analysis clear overview is more then appreciable.

Could you pls highlight some more insight into the alarming new global currency rule is rumored to be going into effect this Fall, featured in RussiaToday RT Investor forum channel some time back.

Dr. Sjuggerud renowned speaker is going to come on in CNBC, Bloomberg, and most major financial channels for his views on this topic "New Alternative to the U.S. Dollar Coming Oct 20th".

Thanks in advance

lotus1810 · White Belt Joined: 26 Sep 2014 Posts: 60

Hello Welgro

Looks like the Neckline @ 8335 of Head & Shoulders formation in the chart attached gave a major resistance going forward, so a time based consolidation today tomorrow with RSI + ve divergence should give buy signal probability. Could you elaborate on this if correct.

Thanks

welgro · Brown Belt Joined: 24 Sep 2012 Posts: 1784

welgro · Brown Belt Joined: 24 Sep 2012 Posts: 1784

FII sold huge in Cash (Net sell 1329.43 Crore)

FII bought in index future, index option and in stock future (Net buy 3849.80 Crore)

DII bought huge in Cash (Net buy 1331.93 Crore)

FII’s bought 5178 contract of Index Future worth 178.16 cores,1321 Long contract were squared off by FII’s and 6499 short contracts were squared off by FII’s. Net Open Interest decreased by 7820 contract.

Nifty Open Interest up by 17386 contracts, with decrease in price,Most probability short buildup. (Today brokers(PRO) short 66911 Contracts (added 57947 fresh short contracts and 8964 long contracts were squared off )

FII bought 67504 contracts CE longs and 10234 CE short contracts were squared off by them.

FII bought 49060 contracts PE longs contracts and 13782 contracts PE were shorted by them.

FII's Net Open Interest increased by 120112 contract in index options.

welgro · Brown Belt Joined: 24 Sep 2012 Posts: 1784

Nifty spot Hourly chart analysis