in one chart the PCL is 9951 and anothr 9943.. Market bounced exactly from 9944
DSKF16
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@Parasuram, I mentioned in Chart. Next day after Exp it happens. as sometime Volatility differs in two series. In Snapshot i Use Volatility: JULY 2017, Where as in Main it is AUG 2017.
one thing notice Nifty bounced to +30 point from "PCL"
@Parasuram, detailed will be posted on weekend, including various scenario & also some HEDGE Strategy
Parasuram
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Hi! great work mate! i have a doubt... would u mind explaining me a bit on PCL>. what do you mean by that.. does the market has the potential to reverse from there?
DSKF16
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@Parasuram, It's abbreviation. full form "Phase Change Level". I have used 4 phase in my Chart (notice Colour lines), Two in UP & 2 in DN. PCL is Ultimate for each Phase. Majority of the time if not reversed from HZ / BZ, PCL is Last line of Defense & Chances of some reverse action to hit BZ / HZ.
DSKF16
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@DSKF16, NIFTY at 9976+, Bounced from "PCL", reach to 9979.05 (Upper Band of HZ #1 is 9982) , attempt failed. but with in BZ #1 as lower band is 9971,
DSKF16
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@DSKF16, Think you got the point. Thanks for Query.