Elliot's Impulse waves.(Part-5)
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23 comments:
GM All,
Value areas:
Nifty: 5234-5225-5217
BN: 9238-9230-9215
Good Morning ilango sir and other blogmates
-arpit
Good Morning all!
EXAM TIME:
Subject : NIFTY TRADING
(Each Question carries Million Dollar marks )
1.FOR INTRADAY / ‘OPTION’AL TRADERS-
Q.Why was more than 50% of the total O.I in 5300 Puts Unwinded in last two trading days and at what VWAP?
HINT:The Answer will give the Series Expiry Closing price and i.e. Below ????
CAUTION: Nifty trades in probabilities and not in certainities.
2.FOR POSITIONAL TRADERS-
Q. How the Major Indicators have changed their behaviour in last two days?
Q.Why about 90 lac Nifty futures(more than 50% of total O.I.) that rolled over in April series in last two days ,were added with decrease in Cost of Carry ?Why was there a 27% addition in 5300 Call(April) on 23/3 and at what VWAP?
Q.Why did not the Range expanded in last two trading days?if Obama can’t do it than who can?
Q.What is the Dollar index doing now a days?
HINT: Ab Loha Garam Ho Gaya Hai,Ruko Dekho Aur Tok Do. No If ,No But, Only “Put”
CAUTION: Agar Garam Cheezo se Khelne ka Shok hai to Fire Extinguisher Pass Rakho.
sir & family
GM
@rv :)
Good morning ilango sir and all
Good Morning Friends.
RV9 - Pause. Answers please? Particularly 2.Q.Q. - what was the nature of OI - Long or Short that was c/f.
Mr. Rajagopal,
OI Calculation:
Trader A enters a long trade by buying one contract
Open interest increases to 1
Trader B enters a long trade by buying four contracts
Open interest increases to 5
Trader A exits their trade by selling one contract
Open interest decreases to 4
Trader C enters a short trade by selling four contracts
Open interest increases to 8
@ aarvee
uninformed test???
Teacher : Students, i am going to give an uninformed test now.
Students: why did'nt you inform us earlier sir???
aarvee answers please!!!
@aarvee sir,
newbie here. VWAP kya hai ?
gd
@all
ORB please.....
@ sunar
said "Trader C enters a short trade by selling four contracts
Open interest increases to 8"
r u sure?
Manu,
Last night I was trying to understand the definition of OI and I picked it from the following link.
http://daytrading.about.com/od/mtoo/a/OpenInterest.htm
Regards,
@ manu
open interest is the sum of all open positions be it buy or sell.
mynac/rv9/sanjay/kp/viren
plz tell if short selling a contract increases oi for the whole contracts outstanding irrespective of person a,b,c individual positions as explained by sundar..
Dear Sundar - (making the 3rd attempt to post-net problem).
===
Got it. Just trying to phanthom whether it is possible to understand the Nature of c/fs - Long or Short which will give some indication as to the thoughts of the Shakers and Movers!!!
@ satheesh
refer d link gvn by sundar and intrepret ""Trader C enters a short trade by selling four contracts
Open interest increases to 8"
rajgopal sir,
as far as my understanding goes for each future long there is short. so whether its long or short is analyst's story. all what u hear in cnbc long carry forward short carryforward is bs. one prominent analyst whom i admire, sushil kedia, said it.i hope i understood it correctly. other experts need to comment.
Rajagopal and Manu,
Open interest is the open positions (buy+sell). With the volume of the OI, you can understand the momentum of that particular strike price. Then we have to look at the trend and make up our mind for an entry. Just by looking at OI, I am not sure whether you can decide whether there are more longs or shorts. Only experts can answer this.
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NEW POST DONE
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@arvee
The Obama "relief rally" is over.
I think Put unwinding happened around 5230-5240 price range. nifty closing will be around this plus/minus 10 points.
Now time allotted for exam over, answers please.
@ Manu
Trader A exits their trade by selling one contract
Open interest decreases to 4
Trader C enters a short trade by selling four contracts
Open interest increases to 8
TraderA's 4 + Trader C's 4 =8
GM Respected Illango Sir and Other blogmates
i am still holding nifty short
regards
vikram
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