.gif)
.gif)
.GIF)
.gif)
7:20 PM
Yuvraj
Dear fellow Traders ,
last post about nifty was '"nifty will shut up" and suggested to be ready to fly with us but we got stopped out. and we stood a lesson of "never do early entry before market shows a clearer signal. and the same one is true.
Technically in the Indian market a positive divergen is signaled a clear worming of trend reversal. in the normal form the nifty experiencing strong buying pressure from bottom levels and thus nifty is likely to boom from the current level but ... i am not pretty sure that when it will happen !! finally i suggest to do not go for shorting the nifty and why ? there are many aspects to be focused on.
The Option market overview
Put call Ratio of the last week :
in the chart self ploted PCR's showing the weak strength of bear's and finally today at 13th dec. the pcr is 0.90. and the market behavior is similer to me prediction.
The daily Change in Open Interest.
well look at the daily picture we can look the slightly buying is taking place and there is no selling in the call option what the meaning of this think by self.
Look at the picture and you will easily find the positive divergence and the chart at the bottom has been hammerd. and this is the sign of trend reversel.
But hey don't hurry tommorow if nofty trades in positive bias then that's a conformation to enter in the to the long position.
Thanks
_____________________
Mr. Yuvraj Kalshetti.
my trading corp.
Shop no. 3, Kalshetti Complex,
Saraf line , Omerga, 413606
02475 - 251888
last post about nifty was '"nifty will shut up" and suggested to be ready to fly with us but we got stopped out. and we stood a lesson of "never do early entry before market shows a clearer signal. and the same one is true.
Technically in the Indian market a positive divergen is signaled a clear worming of trend reversal. in the normal form the nifty experiencing strong buying pressure from bottom levels and thus nifty is likely to boom from the current level but ... i am not pretty sure that when it will happen !! finally i suggest to do not go for shorting the nifty and why ? there are many aspects to be focused on.
The Option market overview
Put call Ratio of the last week :
The daily Change in Open Interest.
well look at the daily picture we can look the slightly buying is taking place and there is no selling in the call option what the meaning of this think by self.
Look at the picture and you will easily find the positive divergence and the chart at the bottom has been hammerd. and this is the sign of trend reversel.
But hey don't hurry tommorow if nofty trades in positive bias then that's a conformation to enter in the to the long position.
Thanks
_____________________
Mr. Yuvraj Kalshetti.
my trading corp.
Shop no. 3, Kalshetti Complex,
Saraf line , Omerga, 413606
02475 - 251888
Posted in: Daily
0 comments:
Post a Comment