briefly trendline crossed
Dear Sir,Is it possible that 4th finished at 7724 and we are already in 5th? I still remember your comment from 2 weeks back when you had said that 4th wave will be a deep correction towards MLEMA, preferably by Nov. However, the up-moves since 7724 do not look like a B wave.Thanks
BN not supporting this upmove?
Raman kapoori expressed similar doubt but no response from any senior analyst. the gaps are misleading or what i dont know.
Weak Sellers unable to pull down Nifty as per their wish...On the contrary,the way addition is there @ 8100 PE (126%),it looks Buyers have decided to close Nifty above 8115+..for this expiry ..let us see..
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-8080, R1-8104, R2-8118, VWAP-8105The PE writers trying to make sure that Expiry happens around of above 8100 level, 8100CE writers still holding on, but may feel the pinch if CMP stays above 22 for extended period of time…Thanks & Regards
GM Sir and Friends.at 11, prices closed above resisting line...
prices going beyond 8115
mynacToday Nifty traded in range of 10 points for most of time of the day,which was used by traders to rollover in November series.Rollover of T-1 days was higest and currect OI of November series @ 1.42 cores is highest in 2014 indicating major move is coming in November series.if open interest is high whicht side movement possible?syamala
just for study purpose on 5 min charts nifty move is contained in a rising channel
gsbut negetive div in 5 min chart correct?(macd)
Below 8110 only nifty will cool down..8110 good support for intraday till now..
@gs5 min chart negative div not reliablea have you observed?
Dear syamala ,For the day,it's up.i.e. +8100 & 8100 PE writers will try their level best to their fort.. Following is personal thinking:DII are almost dried up..So they are left with no option to invest their idle funds at every fall .Means FII are clearly in driving seat and with the help of OB?OS various time frame conditions,would try to dictate market by their own way...and why not? because they have entered in market @ that time resistance level...i.e.6000-6500...etc..
Sir,Is it like nifty need another 25-30 points upmove from current high to avoid -ve div in hour chart?
@sonupurely PCR point of view any ratio that can be overbought?any observation?
nifty reaching another resistance point 8145...be alert...Huge addition can be seen at 8150CE and 8100PE
@ ashok today is expiry so other factors are dominating
@Prabhanshu,Even if Nifty does not go any higher and stays and closes around current levels -ve divergence may disappear in couple of hours
pcr now at 1.54
Raman,Seriously I dont know how to predict MACD...so did some interpolation...
@friends nifty at 3rd res 8153
Will my Nov lot split in 2 if I carry it overnight today?
It appears Oct Nifty not closing below last month close
New Post Done.
Nifty in ND Sir's ATR Sell Zone now