The levels I am watching are 5325 and 5354 and beyond this are 5298 and 5378.
Value for today in the Nifty is 5377-5365-5354 and in the Bank Nifty it is 9777-9756-9694.
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13.42
Uploading a chart of the Nifty future for the past 4 days of action.
We had called for a move lower as per profile today and we have it with value building in the lower part of yesterday's profile.
The only thing is whether we continue like this as happened on Friday or make new ground.
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Posts
62 comments:
Good Morning Shai!
good marning Shai
GM RM, Skmishra.
GM Shai,
Any idea on expiry now?
GK
gm all
Gm Shai,
I calculate the expiry as per ur formula it comes in the range of 5260-5440.
As 5400 Ce having huge OI we can say expiry near 5300.
Yt U say abt it.?
Shai,
Could you explain how you calculate expiry?
GK
GK,
Check in the archives for 'nifty expiry'. The calc is there.
dear shai,
i have some doubts ..one is what is sco and how we calculate is and the other is what u mean by Value for today in the Nifty is 5377-5365-5354 i studied a little in market with u but same time i know market is like a sea
I am short in axis from 1254 levels.
There is a seller around there who is driving prices lower. watch it.
Ravi,
SCO ??
The value area is where price spent 70% of the day yesterday. Above it, buyers are in control and below it sellers.
There is a possibility of 2 side movement today. careful with your stops.
ya shai sco, i saw it from nifty forum. and it says market is now above sco value 95 and it signifies that there would be a sharp correction long below 30 (note: its a old post of 15.6.2010)
hello shai ...what about icici and tata motor ?any idea?
shai that means (value area) ..if go above then only a chance to upside . now the high was only 4347 not even touched 5344
Thanks Shai.
Dear Shai, from where i can see vix for calculating expiry?plz give link.
Thanks
ravi,
Don't follow that indicator. can't help. sorry.
Bizgara,
I gave it to you yesterday. In NSE site on the main page look for VIX.
thanks Shai, that means we sud close near 5445 till now??plz clear
ok shai thanks...just ask when saw a new one. not intrested to follow it...
Shai Axis open & low are same still u Short?
Just confirming only
Musti,
I rode it btw 1255-1247 fut as a scalp future trade.
Today's Set-up is easy. Seller at 1257. POC at 1247.
Make hay till the sun shines.450 lot size.
*1255-1249
Hi Shai,
Awaiting your pointers on IFCI (futures).
Thanks.
Dear bizagra
link of expiry is http://www.nseindia.com/content/vix/hist_vix_data.htm
sorry link of VIX is
http://www.nseindia.com/content/vix/hist_vix_data.htm
I don't see a sizeable move till 1.00 pm at least.
Maybe wrong.
Shai I just confirmed Axis
Nice trade shai
How U get that sellers @ 1257
Though after looking back now I understand But immensly How U find out a buyer& a seller
Can U share more?
shai i watch historical india vix. as per it the s&p touches to 5253 and india vix touch 5280 (says 19.41) whats it means.if ur free pls tell about it
Musti,
A profile chart shows you single prints.Even candlesticks will show you the tail..look in a 30/60 min chart.
Ok Sahi Thx
Now I will Keep a keen watch over it.
Dear Shai, how to interpret the final expiry as i got range 5255--5445 by vix. Now yest closing(5353)is betw 5300 and 5400. Now Above both levels are out of 5300 and 5400.Plz explain.Thanks
Mkt still within the 5325- 5354 range of the morning.
I may think of a short trade below 5325 for 5298 with stop at 5336.
Posting it here now, as the move may be quick.
Shai I am now a days looking at Pivot trading
According to it short below 5329 sl-5347 T-5313,5295
Can U say something abt it.
I add also I trade L&t short as per it & exited in profit.
Bizagra,
Best leave expiry for expiry day.
we have 2 full days of trading in btw.
ok Shai thanks. i m ready to short below 5325.
Most of the guys who bought 5400 put at the close yesterday have unwound their positions. Same thing can be said for the 5400 call which is showing a reduction in OI.
Looking further ahead in the week and even for expiry day, the market will be weak provided it takes out the buyer at 5297.
This was the zone which tempted me to the short side last week and from where we saw a gap up monday morning.
The buyer over there needs to be neutralized for the seller to have a chance.
market is drifting. no volume in the market.
5324 new low nf
5337 cmp
yes I'm out of that short call at 5337.
may look to get back in again on break of 5322.
5352.9 high 5322 low
new chart uploaded.
yes VJ feel now that we got sucked into that short needlessly.
I expected a short swift ride on high vol below 5325. Neither of the 3 happened.
Shai, i went long @ 5326 n 9707 lvls.... jus booked
@vj.
Long at 5326 was a good trade.
Congrats.
thanks shai :)
There is a possibility of 2 side movement today. careful with your stops.
June 22, 2010 9:55 AM
:)) .
5300 CE of June which had added 10 lacs since morning is now down by half.
Market environment for expiry uncertain, but we will take our cues from 5297.
What should be the appropriate sl for short at 5322? Would the earlier one at 5336 be ok?
yes RM.
Mkt is highly volatile.
Tk what u get.
Thanks Shai!
Dear Shai, plz give idea about volumes in this fall.Thanks
Bizagra,
Volumes are good.
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A quick look at US futures, shows them at 1106, a 24 point drop from a high of 1130 yesterday.
1105 should be defended. If not then another one way move to 1083 begins for them.
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balanced profile at EOD.
A neutral day today.mkt may close at the lows.
Thanks Shai!
No closing contest today. :)
No RM.
Difficult day to call moves today.
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See you all later!
Thanks Shai.Bye
Bye Shai!
dear shai,
how to plot vol distribution vis-avis price on the charts? i use ms excel, metastock??
should it also work on eod data for medium term?
thanks
vijay
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