Good Morning All.
Values for the Nifty are 5451-5462-5473
Values for the Bank Nifty are 10395-10441-10458.
It will be interesting to see if Nifty auctions above value low at 5451.
Monday, August 9, 2010
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This blog intends to reduce the noise from the markets by the use of Market Profile as well as studying inter-market associations and their relevance to the short-term trend.
5 comments:
Good Morning Shai!
Good Morning Shai.
Signed up for vtrender2. Pls confirm.
Acc fut at your target of 827. Thank you.
Gm Shai,
Nf tries hard for 5451 uptill now?
GM Shai and friends!
Options review for last week-
http://3.bp.blogspot.com/_xQfPkpQXjMc/TF6mBgosxrI/AAAAAAAAArw/c9rzILG4t1c/s1600/OI_analysis.GIF
Quick Summary:
1. Lets look at what is happening in the range 5400-5550. 5400PE/5400PE together have added 47L (34L+13L) of OI. Whereas 5400CE/5500CE together have added 15L (4L+11L) of OI. So bias is on the upside - with ratio of puts vs calls in the 5400-5500 range = 3:1
2. Almost 1Cr of OI at 5300PE puts a strong support for this market. Even 5400PE has an OI of 81L which provides immediate support.
A shot at 5500+ can't be ruled out this week if Global cues are good. Even if Global cues are bad it would be difficult to see the market going down below 5300.
Shai,
can initiate long on nifty above POC (5462) and
on bank nifty above 10458
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