iCharts Discussions

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

shhhhh!

psalm · Black Belt Joined: 12 Nov 2011 Posts: 5368

Market may be heading for 5660-5670 range....I feel...

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

sly nifty.... nov futures shed more 5 lakh shares eod. total OI 1.34 lakh shares... lol i never seen this before.

[1] all in the money calls shed OI. 5700ce has added only 50k shares. 5800ce has added only 1 lakh shares. 5900ce and above calls are seeing daily shedding including today. Most OI in call is at 5800ce then 5700ce.

[2] 5600pe saw addition of upto 17.5 lakh shares intraday, EOD it was 12.30 lakh shares. 5500pe added near 6.8 lakh shares. and 5700pe EOD added 5 lakh shares. Most OI there now at 5500pe & 5600pe.

5800pe and above have very miniscule OI overall. As we earlier didn't cross 5800 so chance of addition was reduced. But, despite seeing this and that 5800pe and above writers will not try to bring market up.. 5600pe writers added in huge numbers. So it is indicating support for tomorrow atleast.

5700pe total OI is near 39 lakhs.. until it crosses 55-60 lakh total OI, nifty will be capped below it.

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

[1] Green lines are trendlines where we have taken supports. Black lines are trendlines where we faced resistences but have now crossed and closed above them. Blue lines are the pending resistences.

[2] Both blue line converge at 5657 spot for tomorrow. 5657 is also daily middle line BB. Crossing it and closing above 5660 shall be indicative of more upside next week.

[3] Minor support at 5617-5620. Downside trendline support at 5570-5575. Break below 5565 spot, would mean main trendline breached by more than 5 points which should be negative for next week.

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

bank nifty has opened & closed above falling trendline and middle BB... but made an evening star ?

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

so did NS (almost) but not NF

pkholla · Black Belt Joined: 04 Nov 2010 Posts: 2890

So the disinvestment drama (New Season, India premiere) opens to the public. Pilot episode 'Hind Copper ke saath saath' to be aired today. Didi has been readied as the scapegoat when it fails. Recycle bin LIC ready to vacuum up the unsold shares. UTI is second line of defense. Board resolution allowing insurance companies to invest more than allowed % also passed. Hip hip hurray! Prakash Holla

SP50 · Brown Belt Joined: 26 Nov 2010 Posts: 1615

Ultimately public money ka satyanash,

psalm · Black Belt Joined: 12 Nov 2011 Posts: 5368

The market is trading around 5715 at this point of time. It has reasonable support in the range 5715-5708. I still feel that we're heading for 5660-5670 range. So, there is nothing wrong in buying Nifty around these levels or if it comes down further with a tight stoploss or else a stoploss below 5590. Let's wait and see how the market behaves in the second half of the day.... Smile

pkholla · Black Belt Joined: 04 Nov 2010 Posts: 2890

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

sam, change your keyboard again.

SP50 · Brown Belt Joined: 26 Nov 2010 Posts: 1615

psalm · Black Belt Joined: 12 Nov 2011 Posts: 5368

SP50 · Brown Belt Joined: 26 Nov 2010 Posts: 1615

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

5700ce 95 lakh total OI now.. 13 lakh added. all puts shedding OI. 5600pe shedded 7 lakh shares.

world markets up since 4 days, dollar index negative, euro up, hang seng +200... but INR continous depreciating and touched 55.52 .. not understanding.