Good Mrng Master & friends !!!
OTM Puts flying but 17 lk buyers in 6300 call Looks we might be in for a surprise move if 5950 holds...!Good Day Guys
Good morning master have a nice day
Greetings Great Master and every one
Rouge Trader: 5400 PE buyers above 10lk. They can be speculator buyers in 5400 PE & 6300 CE.
Dear sir,can we assume that 3rd of 5th or wave A of B is over.
Sir5962 dhema5962 38% of last rise as per ttDays low 5965 Watershed 5962
unwinding started in ITM callsBig Brothers may be knowing some inside news and unwinding their written call position as some positive news may be coming out from RBI policyaddn in 6000pe toomay not announce sharp rate cuts but nowadays mkts reacting more on gudelines announced
@rajapvtprevious close 59996300 ce 17.65lk buyers 300 points above PC5400 pe 10.99lk buyers 600 points below PCyeah... speculators but it might be smart money too... lets wait and watch!
BN saying something.. u-turned to < below DhiEMA & now trading < DEMAOTM PE OI may be eye-wash... beware
Holding 5965 presently.Above 5977, intraday strength possible.
@ShriramAgree with your observation....BN has proven to be the lead indicator for upside or downside moves in the nifty. Do u think a short is prudent now?
Good Morning Everyone ♥, Magic Numbers for trading don’t exist, but a trader who can follow the trend using relevant numbers can do Magic.Camarilla Keylevels - Nifty SpotH4@6059 ↑H3@6029 ↓L3@5970 ↑L4@5940 ↓By watching Camarilla levels, You will start to Notice the Market in a new perspective. It is not a Holy Grail, But a Map.
@ Indus:yes to my eyes
that is right, BN is the Lead Indicator
Camarilla Update : Nifty SpotCMP@5955 (Mid Point of L3 & L4)Scenario#3L3@5970 ↑L4@5940 ↓*Paper Trade/Backtest Rules - 20pts SL - Partbook 1:1 - Remaining TSL using TL/MA
Hi Shriramthank you very much
CRR unchanged...REPO cut 25 bps
disappointing....market expected 50 bps
5.7 GDP expected current year by RBI
this is also disappoinment
hi parimal See HCL too :-)
5877 weekly open.
RBI bearish on growth
Room for further easing was limited....RBI
"Event", out of the way, it would be the technicals that would lead the way.
Goodmorning master and all friends,Well said master..:-)
GM Master,Ilango said..."Event", out of the way, it would be the technicals that would lead the way. Technical means DHema level to be watched or else? If possible kindly share view on BN
as master said.... market is back on track out of hype....lets enjoy the clam trades with clean technical...
@ prakashbkc,Technicals: What does the TT shows..?Chart: Prices reached channel bottom & the mid point of 21 & 34 Hr sma-5919-40.
addition in 6000 and 6100pehave they deliberately brought nifty down to write more pe at some higher premium5988nsconsidering if lows had been made and near 100 intra range then possiblity of ns may test 6020-30 range
Retrace for 6019 to 5930 are:0.618%--0.736%--0.80% 5,985......5,996.....6,001
based on the price action today...the given levels are...6824.376151.616100.806069.666040.986017.856001.315987.545977.885968.215956.245936.90happy trading......
5926 is 55ema in 30min charts
SBI Intraday update: CLICK HERE
Sir, looks like a 5 wave forming from 5930. Does it imply strength?
thanx master for reply
look at 200 min MA 5 min chart,
Sir,Conservative trade short triggered. What would be the SL. 6001 (80% retrace ?)?Sir, plz suggest on this.
If prices don't dip below 5961.45 and move above 5993.60, it would indicate an impulsive 5-wave move. But the move past 5993.6 should happen soon. If not it would fall into a corrective rise.
@ Abhi ,Conservative traders: Asked to part book @ 6025-42; Trail with 5976.Only Aggressive traders: Sell.If sold, 80% is a safe SL.As long as prices are within the channel & above 21 & 34 Hr smas and EOD close is above DHEma, "Buy on Dips" should continue.
hi everyone....what is weekly channel top?
sirwhat will be trgt of ns if it moves abv 5994ns now??cmp 5989ns
one doubt is put call ratio
@ STOCK4SURE,By moving above 5993.60 to 5996.85, it shows a 5-sub-waves from 5930.(I would have preferred a bit more as it could also be labelled as "a" & "b" in progress).Now we look for retrace for 5930 to 5996.85 and if 61.8% holds(5956), then 6030-42 is possible for the day.
--> backlooks like DloEMA has supported BN
New Post Done.