One word of caution: Aggressive bearish scenario will develop only with a break of 5350, therby changing the weekly TA which is in the OB region. Till then, play the ranges. Last of the major result is out last evening...of RIL. Now a decisive move will be seen before this Friday.
35 comments:
Good Morning all!
From above hourly chart its evident that the 7/21 hrs sma is giving a fast fall set up if we start trading below 5420.
hope the sideways markets gets resolved today either way.
best to all
@ Manjag,
The first part of the day has an upward bias due to "OS" set up. Accordingly if the Hour closes are high, these averages may turn up.
If the average turn dn, yes..the fast fall may materialise.
Some OI input would be useful at this juncture.
Options CE/PE ( in lakhs )
5300 - 25/100 - 4L calls unwound
5400 - 60/66 - 9L calls and puts unwound
5500 - 121/16
Asian markets slightly up. US markets flat. FIIs bought 1300 cr of index options and nothing significant in index and stock futures. SGX up slightly - +3.
gm ilango and all....
Good morning everyone
Nifty's raising wedge is at a make or break point. daily chart is updated.
Thank you
From ANAGRAM :
F & O HIGHLIGHTS
Overall (Marketwide) Open interest in value terms cut
by Rs 1,000 Cr or 0.58% to Rs 1, 73,870 Cr while in
Quantity terms OI went up by 0.94% to 270.56 Cr from
268.04 Cr shares.
On the lower side Nifty is likely to face strong support in
the vicinity of 5400-5370 level, the level (5400) which
consists of the highest OI addition (i.e. 8.24 lacs shares)
among the Nifty August put options. On the other hand
on the higher side Nifty is likely to face strong
resistance in the vicinity of 5450-5480 level, the level
(5500) which consists of the second highest OI (i.e.
39.55 lacs shares) and highest OI addition(i.e. 5.73 lacs
Shares) from previous day among the Nifty August call
options.
Reliance Profit Growth May Peak on Failure to Raise Gas Output
http://www.bloomberg.com/news/2010-07-27/reliance-industries-reports-first-quarter-profit-of-48-5-billion-rupees.html
today a meeting on gas allocation and seems so RIL has not responded to results
Good Morning Sir and Warriors
hi dear ilangoji, Good Mornning,
nice 2 see u here today, in yr absent we not get
confortable at any level yr present give me bust a day
have a nice day sir
plz upload nifty and bank nifty "TA" file
regards,
alpesh
Period BBUppper EMA BBLower
3 5408 5428 5458
5 5393 5423 5463
8 5357 5411 5465
13 5344 5391 5454
21 5206 5358 5490
Good Morning Sir and Friends.
@RG your informers??? are (your sources)r good wrt RIL results being good in 10 qutrs. so please keep sharing those infos.
hi all
i retriate that markets might not close below 5430 this series, so more upward bias should be there.
Respected Sir,
Why short when Nifty is above 5ema (5423) ?
Regards,
Deepak
Friends Markets are already oversold .......... since morning..... A bounce is inevitable now
Hi Powertrade,
Which indicator & what setup U R viewing for OB or OS conditions during intraday? My wish to U for repeated profits like yesterday.
Bose
Good morning Ilango sir and all,
Sir, has ORB given a sell?
ORB sell at 5432??
its the daily charts chandra the links are
http://www.banknifty.stockmaniacs.net/
http://www.nifty.stockmaniacs.net/
whenever macd is below 20 it oversold
also on the 5 day scale oversold
have a look at it
sorry NF @5432 and NS @ 5426?
Willains R also can be used but it is just for 10-20 points scalping
@ Satheesh,
ORB is a sell but the intra TA looks OS. As per the above chart, 5420 is the first support.
It is a low risk long entry for intra for 1-2 hours.
I feel Nifty may trade in 5420 to 5445/5450 and then move in either direction.
5415 would be daily channel break..or it could be 5420.
Why Sell positionally..?
It is basewd on EW confirmed first with a daily close below High ema.
More confirmations are awaited.
"5430" being the pivot for two days now.
gm sir
nifty is in "OB" zone
but reliance is in "OS" zone
what will be the market darection?????
pls refer www.niftypage.com for possitional charts of nifty/stocks.
Sir,
Do we have positive divergence on 5d yahoo charts?
@Powertrade
Can you pls explain how we can use williamsR fro scalping. If busy after market hours pls explain
Regards,
Veer
Yes..Shatakshi,
There is a minor divergence in the 5-day yahoo charts.
Good observation. SL 5415
Hi Powertrade,
Thanks for your immediate response
Bose
gm all
Thanks sir.. students learning under your guidance.
NEW POST DONE.
GM sir & friends !!
GM sir & friends !!
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