iCharts Discussions

[rk_a2003]

Quite often we witness quite unexpected moves (moves against logic/moves that are not in tune with the given scenario) especially in NIFTY during futures expiry day/near expiry day.

Why is this happening? Can we satisfy ourselves with a beaten and tame answer... ‘short covering’/’profit booking’? Which may not offer convincing answer to a 100 point rally/100point dive from the bottom/top?

I would like to ask all the experts /seasoned players just to throw there opinion/observations /understanding on this.

Would like to know how much money was pumped in to lift nifty (banking on mild recovery of European markets ) and how much money was lost overall in futures& options due to this unexpected move (obviously this difference could be the trigger point to initiate such moves in nifty). Can any one answer this?!

I almost certainly can say that nifty is pumped up by big players. We only need to know the money equation. (We may even guess this could possibly in their favor… other wise why they should go for it?! After all they are not here for fun)

This question is directed to every one who knows something about intricacies of the Indian Stock market or at least in a position to guess about it.

Some may even say it’s a futile attempt. You can do nothing about it and it serves no purpose even if you know about it. Thanks to them….And I would like to say ‘Knowledge is power’.

RK

[vinay28]

RK, I felt yesterday that nifty may give a sharp pullback when it bounced from 4632, almost same as previous day's low. Also, it fell by same % from 5400 as that by which it rose from 4728. Therefore, I won't be surprised if it goes up again to 5125 or even 5296. Who knows?

[S.S.]

[vinay28]

Of course sir! I just gave a longer level

[S.S.]

[rk_a2003]

Can any one provide a concrete answer for my question? please....Still I am waiting for an answer.I repeat the question.

How much money employed to lift Nifty from the bottom?. How much money lost in F&O segment due to this move on that particular day?

[vinay28]

RK, I read your question but I am really not sure I understood what you mean. Also, what would you gain even if you found the answer?

[casper]

[chrome]

hi rk....

Unfortunately, u won't find any1 novice trader like me n u to reply how much money required to reverse the market from extreme points....we, the novice traders dont have this heavy amount with us so practicaly we would not be able to guess this amount (I am assuming we all here are very small traders compared to the daily turnover we analyse in the market on day to day basis, exceptions may be there)

simple logic would be...in down trend like current sccenario that x no. of NF sellers availabe in market, if one could exceed and absorb that x quantity of sellers would be able to make the market reverse...

Now those x no. of sellers (big shots) won't be foolish to let another big shot absorbe their big quantity just to hit there system automated SL's.....quantity matters here....

So, reply here may be not quantitative, but absorbing volume is the only resultant which one could dare to trade to reverse the market....

Rgds

[chandrujimrc]

Dear rk,


I think this type of movement was happening to encash their uncovered huge option positions with the help of IISL.


chandru.

[rk_a2003]

Thanks! Vinay,Casper,Chrome& Chandru.

Casper & Vinay, I was really active in the market from the past few months and during every month expiry... I found unusual movements of Index whenever there is a slightest scope to do so.

All of us know theoretically that market manipulations will be there and I observed That the major manipulation was happening near or at expiry.

Just I wanted to know The practical equation which triggers that manipiulation.If you are able to know this it could be of some (or may be of great) use. (And I am not sure whether there is any way to know this?)

Once you are aware of it You may keep on checking/verifying that equation and may be in a position to know a little advance when These big guys are willing to cash it by reversing Index.( But I doubt that this information may not be available for us ...still i took the chance by posing this question ).O.I and Put call ratio also will be part of this equation.

Any how I will try to pursue this further.

RK

[casper]

all is in ur chart, virtually nothing can be done in market without leaving a foot print in the chart,

every time a signal will come, vera sir will say its his numbers, saikat sir might find a nvk,spec sir will say swing pivots and his systems, sumesh bhai and shekar sir may find ww or any other fib pattern...... type of signal cud be endless (I dont want to mean that every time they will say same thing in different language, I used their names to show the diff outlook of diff traders in market) but bottom line is, u will find some thing on the chart

pass some more time with ur charts, u will definitely be able to find ur answer,

the following lines are not best suited for open forum, u may regard this as a personal note from me to u....

i passed my time with chart and got my answer, be it simple or complex, be it universally accepted or may be my blind faith, but it is essentially my answer and i look for that

u developed a system depending up on WW, some will hail u some may say its too complex... who cares,its ur signal and if it serving ur purpose, then all is well for u

same thing, if u search for this one, u will find again

[rk_a2003]

You are absolutely right Casper!

It is really hard to find something wrong in your writings.

[vinay28]

RK, all I do know is that there are manipulators waiting on the sidelines to pounce on any varition in OI, PCR and volatility. They are experts in making fast money at such times. The rest of the time, they are simply watching patiently like vultures. The pusrpose of my question to you was we can't do anything about it.

Casper is right. We can only go by TA unless we have access to such game plans.