.gif)
.gif)
.GIF)
.gif)
5:21 PM
Yuvraj
Dear Friends,
As you seen that nifty rallied very sharply from past three weeks and achived 5200 mark and this is the point of yearly resistance trend line . so overall idea is to sell at resistance and buy at the support this idea will exactly work with nifty too so we are going to sell the nifty option ar current market price of 5100 and with a stop loss of 5250 for a target of 4700 to 4500 level and this trade is going to be and monthly trend trade.
Coming to home .. now some basic Questions you are facing right now and i know some of them
1. What is PCR ?
The Put Call Ratio [PCR] is a calculation of put divided by calls and the final result is PCR.
Is simple language the PCR is a majorment of market sentiment if the PCR is Below “ 1 ” then market bias are bearish. So in bearish market PCR is like 0.95, 0.85, 0.anything. but now above 1.
And if PCR is above 1 then market Bias are Bullish . in bull market PCR is like 1.20, 1.35, 1.anything but not Below 1.
2. Where I can find this ratio ?
Just Go to http://nseindia.com/content/fo/fo_dailyturnover.htm or use Microsoft Word and import data from this link it will auto update.
Well, the pcr is very usfull when you are trading in futures and options . the pcr is the major indicator of market sentiment and the pro traders use this tool for portfolio buildup. Also they track a open interst and change in open interest in sertain option or future stock, pair or index. So if you are trying to do some prety trades in F&O market then the pcr , open interest, option greeks are very helpfull and handly tools for you and they can enhance you profitibilty rapidly use then and trade more profitable trades. With you all the best for upcoming trades.
Click HERE to download a PCR file or Get online.
Currently we are in short selling with a stop loss of 5350 and shorted today 30-01-2012 for target of 4700 this is going to be an a monthly trade.
Posted in: Features
0 comments:
Post a Comment