MOTHERSONSUMI | BREAKOUT CONFIRMED ON WEEKLY CHARTS | LONG SETUPStock has given a breakout over it's neckline of the inverse head and shoulders pattern, with high volumes and buying crossovers on various oscillators. Stock looks to be in uptrend and buying will remain intact. Pitch right in and go long with the mentioned stop-loss, for the mentioned targets.
Open Interest
Nifty - Roadblock aheadEnjoy the next 300 points on the Nifty. Expecting a reversal at 10500-10540 levels. This borne out by the Gartley pattern. Combine this with the OI data and seen along with other indicators, I believe that the Nifty is peaking for the time being. Nimble traders can look at booking part profits once it starts getting above 10350
LONG ADDED IN M&MMOMENTUM TRADE IN M&M
VIEW
:-MOTOR COMPANIES ARE SEEING BUILT-UP
:-RISE IN OI+RISE IN PRICE+RISE IN DELIVERY VOLUMES
:-LOOKS LIKE ITS ON THE VERGE OF TESTING ITS 200-DMA AROUND 625
:-IT HAS BROKEN THE CRUCIAL RESISTANCE OF 603
:-PRICE AND VOLUME BREAKOUT CANNOT BE RULED OUT
TRADE IN FUTURES 28TH NOV CONTRACT
LEVELS ARE ACCORDING TO SPOT PLEASE ADJUST FOR FUTURE PRICES
BUY@610
STOP@602
TARGET 1@625
TARGET 2@650
LOT:1000
QTY:2
PLEASE NOTE:
ALTHOUGH REAL OI DATA WILL BE AVAILABLE ONLY AFTER 6/7 PM
!!PLEASE NOTE TRADE WITH CAUTION AND AT YOUR OWN RISK PROFILE!!
!!PLEASE DON'T OVER TRADE!!
!!LIVE TO FIGHT ANOTHER DAY!!
!!HAPPY TRADING!!
LONG IN TVS MOTORS!!(FUT)!!MOMENTUM TRADE IN TVS MOTORS
VIEW
:-RISE IN OI+RISE IN PRICE INDICATES LONG BUILT-UP
:-BULLISH ENGULFING VISIBLE ON DAILY CHARTS
:-200-DMA IS TAKEN OUT AFTER A VERY LONG TIME
TRADE IN FUTURES 28TH NOV 2019
LEVELS ARE ACCORDING TO SPOT PLEASE ADJUST FOR FUTURE PRICES
BUY@ 476
STOP@470
TARGET@490
LOT:-1100
QTY:2
PLEASE NOTE:
ALTHOUGH REAL OI DATA WILL BE AVAILABLE ONLY AFTER 6/7 PM
!!PLEASE NOTE TRADE WITH CAUTION AND AT YOUR OWN RISK PROFILE!!
!!PLEASE DON'T OVER TRADE!!
!!LIVE TO FIGHT ANOTHER DAY!!
!!HAPPY TRADING!!
BTST IN AXIS BANK !!(FUT)!!BTST TRADE IN AXIS BANK
VIEW
:-200-DMA TAKEN OUT
:-RISE IN OI+RISE IN PRICE
:-RESISTANCE OF 730 TAKEN OUT
TRADE IN FUTURES 28TH NOV CONTRACT
LEVELS ARE ACCORDING TO SPOT PLEASE ADJUST FOR FUTURE PRICES
BUY@731
STOP@721
TARGET 1@741
TARGET 2@751
LOT:1200
QTY:2
PLEASE NOTE:
ALTHOUGH REAL OI DATA WILL BE AVAILABLE ONLY AFTER 6/7 PM
!!PLEASE NOTE TRADE WITH CAUTION AND AT YOUR OWN RISK PROFILE!!
!!PLEASE DON'T OVER TRADE!!
!!LIVE TO FIGHT ANOTHER DAY!!
!!HAPPY TRADING!!
Will YESBANK give a oh-YES moment!! After breaching 383 & 390 levels, stock will resume its
UPTREND in medium term trend.
For now,
1) Formed an EXHAUSTIVE candle on friday. (Neutral)
2) On Intraday chart, stock had a very good opening move, but after SBIN results, (being its peer) it also faced a selling pressure. Due to which short covering was seen, but before this event, stock was enjoying LONG BUILDUP
2) OI Analysis:
Traded with highest number of contracts in this series.
If on Monday, spot price is sustaining near 380-383 levels and OI is increasing then GO LONG for 3-4 % gains in 1-2 days.
3) Option Analysis suggests, 82k positions were cleared from 390CE, 194k positions were added @ 400CE & 218k positions added @ 380PE, which means, 380 will act as STRONG SUPPORT where as 400 will act as STRONG RESISTANCE.
Remember, run from 385 to 400 will give you 5% gains.
MRF : good buy for swing??Verdict:
1) Multiple attempts to break support level @ 74097
2) Thursday (12th July) candle failed to breakout resistance
with high volume, means SELLERS might be active & profit
booking is likely scenario (since current trend is sideways)
3) OI is decreasing with high number of contracts traded
(From historical data, traders might have added SHORT
position on thursday, on verge of failed BREAKOUT & today
looks like SHORT COVERING)
4) 73000 to 73500 is good buying spot for 4-5% gain in 10 days
Nifty Put/call Ratio Open Interest - Educational Series 5Hi All,
Let see today Nifty Put/Call Ratio open interest :
Following is the NSE link for Nifty Put/Call options Open interest :
www.nseindia.com
Now In Market the option (put/call) writers make money (most of time) i.e they say that's the smart money(Even though there is risk of unlimited loss and limited profits)
Can Any one share whats the logic that option writers make money most of time to be called as smart money ?
Coming to current month : In NSE link provided above , There is Call Open interest build up data on left side and put Open interest build up data on right side.
So if you see For FEB NIFTY series :
8800 Put has Open Interest (OI) of 61 lakh
9000 Calls has Open Interest(OI) of 71 lakh
i.e smart money is betting that market expiry will happen between 8800-9000
So if you are call /put buyer just take a note of it .
I knew a blog which used to publish this data in nice tabular fashion daily , but it has stopped doing it from last 3-4 months, If any one has the link to any site or blog which can give updates on this data daily please share.
Disclaimer : Educational purpose only ,Please consult your financial adviser before investing.