Market Analysis - Technical View

28th July

Posted by : radhika_nandlal

NIFTY: Bearish as far as trend following indicators MACD, ADX go, but the immediate term indicator Elder Ray's bull power and bear says Nifty is bullish and thats something becoz we lost considerably during the last hour of trade. The TRIN is oversold at 0.9 and even if it reflects some shorts, they may not get covered immediately becoz global cues are tepid. We could be volatile and rangebound, lackluster for most part of the day but could spurt anytime becoz of the elder ray indications. I would go long at lows. The MACD buy divergence disappeared with the 3:30 data based on which i bought one 5300 CE but it was present with the 3:15 data.

DOWJONES:Looks bullish per trend following indicators MACD and ADX. The Elder Ray too indicates bullishness as the bull power has increased as compared to 26th July and the bear power has a less negative value indicating bearishness fizzling out. The TRINS are in keeping with the rise and fall from highs. Nothing much to rea off the TRIN

CRUDE: Very very mixed and so could be volatile. For one the ADX has ticked up massively which is scary and very bullish. The MACD too says buy crude, so trend following indicators are bullish on crude. The Elder Ray too is bullish. But the RSI for the second day in a row says SELL CRUDE and there is distribution for the second day in a row which is bearish. Selling on rallies will be the trend in crude today.

FNO Cues: Only september FNO cues are worth tracking now but i need two more days of data to get study the pattern. Give fno cues a miss during expiry and in the first few days of the new contract.

28th July

Posted by : radhika_nandlal

Vam,

Williamson i dont undrestand.

The MACD has ticked down while the prices went higher this is a negative divergence... but i am not going with this 5 minute chart...... i am going with the elder ray in my excel, it is more bullish than on tuesday close.. i even bought 300 more 4300 CE at Rs 5.80.... and am done... either its a write off or a profit... good luck... now to my lunch....

28th July

Posted by : vam_aru

Europe markets opened Flat!!!!!

28th July

Posted by : radhika_nandlal

Bearcartel, mohanji, Samona, vam_aru, jadus...

The excel workbook has indications for various indices and also for NSE equities.

Only the last row of each file has formulae, so the file is less bulky to handle. Formulaes are very space consuming you see.

The 4300 CE August series is Rs 10 now and is very tempting considering that the 4200 CE for Augsut is quoting at Rs 70 for just a 75 point rise.. so if nifty rises 75 points then this should quote Rs 50 at least15 mins before close.. lol lol...should we buy, we lose little but can gain a lot.. FTSE may open mildly positive and we could spurt.. so lets wait until 12:15 check nifty and then buy.. but u have to risk losing all the premium.. game? I might buy them at 12:15, but dont follow coz i have been wrong several times.

28th July

Posted by : radhika_nandlal

Never knew this site.. will check and come back.. thanks...

28th July

Posted by : vam_aru

Check http w w w sabfreehaimamu dot com/nifty.php

They will update the 5 minutes charts for all the index and stocks where they will show the technocal indicators like MACD, Will%R, RSI , which could be useful.

may be you could check and comment if it's close to your TA.

28th July

Posted by : radhika_nandlal

okay POP band.... are u lady or man?

I have placed square off order at Rs 35.... what about you?

28th July

Posted by : vam_aru

Inspiration from WHAM ( pop band from 1981 )My Initial and First letter and last letter formed VAM,

I think i will book the profits at around 2:30 PM if NIFTY touches 4315 or 4320, I will not wait for the expiry.

Regards

Aru

28th July

Posted by : vam_aru

Well I'm not the epert option trader, But i know that if we are not trading above 4300 by 1:30 or 2:00, The Buy 4300 calls will get worsen. I have risked 3 K Plus brokerages now, I might be looking for a 75 % to 100 % ( plus or Minus )

28th July

Posted by : radhika_nandlal

Bearcartel and Vam,

yes its risky... but what fun to watch.. quick on the uptake and quick on teh downtake.. quicksilver 4300 PE CE today.. lol lol.. i think traders make money only on day of expiry trading both ways for some decent gains... now the 4300 CE can be sold and can be bought for decent gains if we dont close flat.. could u put down the theoretical losses and gains?

Crude rally may push Nifty below 4,250: Ashwani Gujral

Posted by : MMB Messenger

Technical Analyst, Ashwani Gujral said that one should trade once current levels are broken. According to him, the rally is tapering off and markets are forming lower lows. He feels that if crude goes above USD 120 per barrel, Nifty may go below 4250 levels. He believes that markets may revisit lows.

28th July

Posted by : radhika_nandlal

Why ur nick is vam? Vaman??

Yes even i am plannign to go long at 12:15..... but first hvae to check.. do u think we should book profits instead of allowing it to be settled?

28th July

Posted by : BearCartel

I am avoiding trade for today as a 4300 close will waste both sides... though I think 4320 should happen today once, but taking no chances...

28th July

Posted by : vam_aru

I have added one more 9.50 , Going by the trend we should be up by the end of the day, I am willing to risk up to 5 K today,( I have 5 lots now at 11.1 now )

Let's see...