Tuesday, March 31, 2009

CUES FOR MARCH 31

-------VIX closed at 40.25 breaking downward trendline. so volatility will be very high in coming days.

CUES-

--Nifty April future premium decreased to 10 points so cost of carry decreased.
--Nifty open interest decreased by 19 lacs suggests long unwinding.
--Nifty call option added 26 lacs and put option added 29 lacs.
--Put-Call Ratio decreased to 1.48.
--2900 puts had open interest of 44 lacs, so it will be important level to watch for.
--implied volatility decreased by 100 basis points suggests stability.
--India VIX closed at 40.25, increased by 8% suggests instability and uncertainity.
--US markets closed in red.
--Asian markets trading negative.
--Sgx nifty trading at 2999. (up 4)

--Positional strategy for nifty—Neutral. (trade intraday only)

Monday, March 30, 2009

CUES FOR MARCH 30

CUES-

--Nifty April future discount converted to premium of 16 points so cost of carry increased.
--Nifty open interest increased by 12 lacs suggests long addition.
--Nifty call option added 32 lacs and put option added 43 lacs.
--Put-Call Ratio decreased to 1.51.
--implied volatility increased by 100 basis points suggests instability.
--India VIX closed at 37.14, increased by 1% suggests instability.
--US markets closed in red.
--Asian markets trading negative.
--Sgx nifty trading at 3079. (down 47)

--Positional strategy for nifty—Hold Long with closing stop loss at 2987. (Initiated at 2794)
Visit http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html

Friday, March 27, 2009

CUES FOR MARCH 27

---------Nifty is trading in a rectangle on closing basis since 6 months.
---------so level of 3150-3180 will be important resistance on closing basis.
---------India VIX closed at 36.93, up 33% suggests that volatility and uncertanty will be high in coming days.

CUES-

--Nifty April future premium converted to discount of 1 points so cost of carry decreased.
--Nifty open interest decreased by 108 lacs suggests long unwinding.
--New series begins with Put-Call Ratio of 1.6.
--implied volatility increased suggests instability.
--India VIX closed at 36.93, increased by 31% suggests instability and uncertainty.
--US markets closed in green.
--Asian markets trading mixed.
--Sgx nifty trading at 3070. (up 6)

--Positional strategy for nifty—Hold Long with closing stop loss at 2940. (Initiated at 2794)
Visit http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html

Thursday, March 26, 2009

CUES FOR MARCH 26

CUES-

--Nifty March future discount increased to 1.3 points so cost of carry decreased.
--Nifty open interest increased by 47 lacs suggests short addition.(nifty total open interest is of 4.76cr which is dangerous)
--Nifty call option added 15 lacs and put option added 29 lacs.
--Put-Call Ratio increased to 1.82.
--implied volatility decreased by 500 basis points suggests stability.
--India VIX closed at 28.18, decreased by 23% suggests stability.
--US markets closed in green.
--Asian markets trading positive.
--Sgx nifty trading at 3004. (up 11)

--Positional strategy for nifty—Hold Long with closing stop loss at 2882. (Initiated at 2794)
Visit http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html

Wednesday, March 25, 2009

CUES FOR MARCH 25

CUES-

--Nifty March future discount decreased to 1.05 points so cost of carry increased.
--Nifty open interest increased by 22 lacs suggests long addition.(nifty total open interest is of 4.29cr which is dangerous)
--Nifty call option added 5 lacs and put option added 24 lacs.
--Put-Call Ratio increased to 1.81.
--implied volatility increased by 400 basis points suggests uncertainty.
--India VIX closed at 36.85, decreased by 2% suggests stability.
--US markets closed in red.
--Asian markets trading mixed.
--Sgx nifty trading at 2931. (up 15)

--Positional strategy for nifty—Hold Long with closing stop loss at 2832. (Initiated at 2794)
Visit http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html

Monday, March 23, 2009

CUES FOR MARCH 24

CUES-

--Nifty March future discount decreased to 1.5 points so cost of carry increased.
--Nifty open interest increased by 33 lacs suggests long addition.(nifty total open interest is of 4.07cr which is dangerous)
--Nifty call option shed 15 lacs and put option added 63 lacs.
--Put-Call Ratio increased to 1.78.
--implied volatility increased by 700 basis points suggests uncertainty.
--India VIX closed at 37.63, increased by 8% suggests instability.
--US markets closed in green.
--Asian markets trading strong.
--Sgx nifty trading at 2978. (up 33)

--Positional strategy for nifty—Hold Long with closing stop loss at 2784. (Initiated at 2794)
Visit http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html

CUES FOR MARCH 23

CUES-

--Nifty March future discount decreased to 5 points so cost of carry increased.
--Nifty open interest increased by 7 lacs suggests long addition.
--Nifty call option added 7 lacs and put option added 5 lacs.
--Put-Call Ratio decreased to 1.59.
--2700 puts had open interest of 76 lacs, so 2700 will be imp level to watch for.
--implied volatility decreased by 200 basis points suggests stability.
--India VIX closed at 34.86, decreased by 3% suggests stability.
--US markets closed in red.
--Asian markets trading strong.
--Sgx nifty trading at 2847. (up 39)

--Positional strategy for nifty—Hold Long with closing stop loss at 2766. (Initiated at 2794)

Friday, March 20, 2009

CUES FOR MARCH 20

CUES-

--Nifty March future discount decreased to 6 points so cost of carry increased.
--Nifty open interest increased by 2 lacs suggests long addition.
--Nifty call option shed 0.3 lacs and put option added 13 lacs.
--Put-Call Ratio increased to 1.61.
--2700 puts had open interest of 80 lacs, so 2700 will be imp level to watch for.
--implied volatility increased by 100 basis points suggests instability.
--India VIX closed at 35.98, decreased by 4% suggests stability.
--US markets closed in red.
--Asian markets trading mixed.
--Sgx nifty trading at 2776. (down 24)

--Positional strategy for nifty—Hold Long with closing stop loss at 2754. (Initiated at 2794)

Thursday, March 19, 2009

CUES FOR MARCH 19

-please note that Nifty is at strong resistance of around 2830.
-present uptrend is now 6 days old and since jan 2008, all upmoves had lasted for 6-7 days.
-today will be 7th day, so keep your exposure minimum.(trade light)
-all above is not an indication to go short also because shorting at top or buying at bottom is a job of expert or speculator and we are none of them.
CUES-

--Nifty March future discount increased to 15 points so cost of carry decreased.
--Nifty open interest increased by 7 lacs suggests short addition.
--Nifty call option added 15 lacs and put option added 37 lacs.
--Put-Call Ratio increased to 1.58.
--2700 puts had open interest of 78 lacs, so 2700 will be imp level to watch for.
--implied volatility increased by 50 basis points suggests instability.
--India VIX closed at 38.19, decreased by 1% suggests stability.
--US markets closed in green.
--Asian markets trading mixed.
--Sgx nifty trading at 2800. (UP 22)

--Positional strategy for nifty—Hold Long with closing stop loss at 2731. (Initiated at 2794)
Visit http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html

Trading diary for 18th march.

-Nifty was closed at-2757.
-Strategy for day was- neutral. (Long above 2794 close)
-Closing stop loss was at- 2686.
-Opening range (15 minutes) - 2797-2757.
-Break out- up
-10.10AM-3.00PM trading—long initiated.
-After 3.00 PM trading- no trade. (Trading above 2790)
-Carry forward- long.

Wednesday, March 18, 2009

CUES FOR MARCH 18

-----Nifty at ''make or break'' levels of 2806-2830.

CUES-


--Nifty March future discount increased to 6 points so cost of carry decreased.
--Nifty open interest increased by 6 lacs suggest short addition.
--Nifty call option added 12 lacs and put option added 30 lacs.
--Put-Call Ratio increased to 1.55.
--2700 puts had open interest of 69 lacs, so 2700 will be imp level to watch for.
--implied volatility increased by 50-100 basis points suggests instability.
--India VIX closed at 38.47, increased by 5% suggests instability.
--US markets closed in green.
--Asian markets trading mixed.
--Sgx nifty trading at 2779. (UP 24)

--Positional strategy for nifty—Neutral. ( Initiate long if closes above 2790 OR Initiate short if closes below 2710)
Visit http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html

Trading diary for 17th march.

-Nifty was closed at-2777.
-Strategy for day was- initiate long.
-Closing stop loss was at- 2631.
-Opening range (15 minutes) - 2781-2767.
-Break out- down
-10.10AM-3.00PM trading—long avoided.
-After 3.00 PM trading- no trade.
-Carry forward- nothing.

Tuesday, March 17, 2009

CUES FOR MARCH 17

-------NIFTY AT MAKE OR BREAK LEVEL.......
watch closely levels of 2806-2830 in next few days.
CUES-

--Nifty March future discount remains at 3 points.
--Nifty open interest increased by 20 lacs.
--Nifty call option shed 12 lacs and put option added 39 lacs.
--Put-Call Ratio increased to 1.52.
--2800 calls had open interest of 55 lacs, so 2800 will be imp level to watch for.
--implied volatility increased by 100 basis points suggests instability.
--India VIX closed at 36.64, increased by 3% suggests instability.
--US markets closed flat.
--Asian markets trading mixed.
--Sgx nifty trading at 2780. (UP 4)

--Positional strategy for nifty—initiate long with closing stop loss of 2631.
Visit http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html

Trading diary for 16th march.

-Nifty closed at-2719.
-Strategy for day was- initiate long.
-Closing stop loss at- 2582.
-Opening range (15 minutes) - 2737-2721.
-Break out- down
-10.10AM-3.00PM trading—long avoided.
-After 3.00 PM trading- no trade.
-Carry forward- nothing.

Monday, March 16, 2009

CUES FOR MARCH 16

CUES-

--Nifty March future discount decreased to 3 points thus cost of carry increased.
--Nifty open interest decreased by 5.6 lacs suggests short covering.
--Nifty call option shed 21 lacs and put option added 40 lacs.
--Put-Call Ratio increased to 1.40.
--2500 put had open interest of 86 lacs, so 2500 will be imp level to watch for.(similar OI build up was seen in October at 3800 put…..so be carefull)
--implied volatility decreased by 100 basis points suggests stability.
--India VIX closed at 35.51, decreased by 10% suggests stability.
--US markets closed in green
--Asian markets trading strong.
--Sgx nifty trading at 2722. (UP 1)

--Positional strategy for nifty—Initiate long. (Initiated at 2719).
VISIT THE PAGE http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html

Sunday, March 15, 2009

TRADE WITH TRADING SYSTEM

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  • This is no coincidence.
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  • The confidence, consistency, and discipline that a thoroughly tested mechanical system affords is the key to many of the most profitable traders’ success.
FROM---
http://originalturtles.tradingblox.com/system.htm

nifty chart

medium term trend is down(reversal above 2830).
short term trend is up (reversal below 2620).

Friday, March 13, 2009

CUES FOR MARCH 13

------CURRENT SHORT TERM DOWNREND IS IN DANGER OF TERMINATION IF NIFTY TRADES AND CLOSES ABOVE 2640.
CUES-

--Nifty March future discount decreased to 17 points thus cost of carry increased.
--Nifty open interest decreased by 5 lacs suggests short covering.
--Nifty call option added 5 lacs and put option shed 4 lacs.
--Put-Call Ratio decreased to 1.25.
--2500 put had open interest of 86 lacs, so 2500 will be imp level to watch for.(similar OI build up was seen in October at 3800 put…..so be carefull)
--implied volatility decreased by 200 basis points suggests stability.
--India VIX closed at 39.38, decreased by 4% suggests stability.
--US markets closed in green
--Asian markets trading strong.
--Sgx nifty trading at 2673. (UP 89)

--Positional strategy for nifty—Hold short with closing stoploss of 2632. (Initiated at 2674).

Thursday, March 12, 2009

CUES FOR MARCH 12

CUES-

--Nifty March future discount increased to 25 points thus cost of carry decreased.
--Nifty open interest increased by 12 lacs suggests short addition.
--Nifty call option added 38 lacs and put option added 45 lacs.
--Put-Call Ratio decreased to 1.27.
--2500 put had open interest of 103 lacs, so 2500 will be imp level to watch for.(similar OI build up was seen in October at 3800 put…..so be carefull)
--implied volatility increased by 200-300 basis points suggests uncertainty.
--India VIX closed at 41, increased by 8% suggests instability.
--US markets closed flat but gained 5% in last two days.
--Asian markets trading mixed.
--Sgx nifty trading at 2645. (UP 87)

--Positional strategy for nifty—Hold short with closing stoploss of 2638. (Initiated at 2674).

Monday, March 9, 2009

CUES FOR MARCH 9


CUES-

--markets will be closed on Tuesday and Wednesday.
--Nifty March future discount decreased to 11.5 points thus cost of carry increased.
--Nifty open interest decreased by 10 lacs suggests short covering.
--Nifty call option added 8 lacs and put option added 51 lacs.
--Put-Call Ratio increased to 1.28.
--2500 put had open interest of 102 lacs, so 2500 will be imp level to watch for.(similar OI build up was seen in October at 3800 put…..so be carefull)
--implied volatility decreased by 200 basis points suggests stability.
--India VIX closed at 37.97, decreased by 8% suggests stability.
--US markets closed flat.
--Asian markets trading weak.
--Sgx nifty trading at 2575. (down 37)

--Positional strategy for nifty—Hold short with closing stoploss of 2649. (Initiated at 2674).

Friday, March 6, 2009

E-MAIL NEWS LETTER SERVICE

Dear viewers,
We have started from 30th january E-mail newsletter services.

Current subscription charges are as follows-
-Rs.1200 for 30 days. (One month)
-Rs.2100 for 60 days. (Two months)
-Rs.3000 for 90 days. (Three months)
-charges will be non-refundable.
--for cash payment add Rs.45 to the charge.
--Service will start after cheque clearance only.

What will be provided?
-Calls will be given (long or short) based on my own trading system breakouts, volume and open interest addition.(new calls) .
- All calls will be followed fully till they are closed.(open calls)
-When to book profit will be given.
-All calls will have stop loss which will work on closing basis.

-daily two mails will be send
-one before market opens containing open calls, new calls and options,
-second mail will be send after market closes containing trading diary for trades follow up using opening range breakout.

Who should subscribe?
-Only positional players and short term traders should subscribe.
-Those who can close there position when stop loss hits.
-Those who trade in market to get reasonable returns.

Who should not subscribe?
-Emotional traders.
-Those who give more importance to target in a call then to stop loss.
-Those who want to make quick money from market.

Those who are interested can mail me on drjcshah123@yahoo.com

My bank account details as follows.
Name-Jignesh C. Shah
Ac. No. 10169191511
Bank-state bank of india.
Branch-navavadaj, ahmedabad.

Please send me your details as follows.
Name-
E-mail-
Mobile no.-
payment details--cash or cheque
cheque no.--
bank name--
branch--
city--

Please note that I will be providing e-mail services only.
Please mail me when you deposit the cheque or cash in the account.



My address-

Dr.Jignesh C. Shah
JIGISHA NURSING HOME,
Sumangalam complex,
Above S.B.I., Vyaswadi Road,
Navavadaj,
Ahmedabad-380013.

''JOIN US IF YOU WANT TO Develop MECHANICAL TRADING IN YOU.''

-dr.jignesh shah

cues for march 6

---Nifty is trading in a rectangle as seen above in closing levels chart.
---2524-2553(previous closing bottoms) will provide some support here.
CUES-

--Nifty March future discount increased to 20 points thus cost of carry decreased.
--Nifty open interest increased by 16 lacs suggests short addition.
--Nifty call option added 36 lacs and put option added 8 lacs.
--Put-Call Ratio decreased to 1.19.
--2500 put had open interest of 93 lacs, so 2500 will be imp level to watch for.
--implied volatility decreased by 100 basis points suggests stability.
--India VIX closed at 41.56, decreased by 2% suggests stability.
--US markets closed in red.
--Asian markets trading weak.
--Sgx nifty trading at 2511. (down 45)

--Positional strategy for nifty—Hold short with closing stoploss of 2669. (Initiated at 2674).

Thursday, March 5, 2009

journey of one year

Today our blog completes one year.
On sixth march,2008 when I started this blog, I never anticipated this much hudge response what I got.................
I thanks all the visitors of this blog from bottom of my heart.
I thanks http://www.vfmdirect.com/ site and it's forum members for changing my thoughts on how to see the markets.
I also thank to all who encouraged me by putting comments or sending mails. Because of that encouragement I tried to put posts regularly on the blog inspite of my over busy medical profession.(sometimes I posted even at 3am also).
today I repeat first post of this blog.........
http://niftydoctor.blogspot.com/2008/03/nifty-is-also-my-patient.html
Thursday, March 6, 2008
nifty is also my patient
Everybody must be wondering why a doctor is doing so much of analysis of nifty.
I study nifty in so much detail is that I consider it as an alternate to investment.That's why nifty is also a patient for me.
As a doctor we have practice of going for lot many reports before coming for a final diagnosis and line of treatment, same way i study all the details of nifty before coming for final conclusion.
So I feel that one should study all data regarding nifty before taking a call like technical analysis, derivative data, fii & mut fund data for taking call on nifty.
Nifty is a unique patient also as it comes with everyday with new symptoms and we get everyday new diagnosis.I follow the policy that only when I am confirm of a dignosis then & then I take the case of nifty otherwise I refer it to others to treat.......
so in a nutshell I feel that dignosis of trend is important in taking care of nifty!!!!
comments are welcome...
Regards-
dr.j.c.shah
(incidentally my hospital 'jigisha nursing home' was started on 7th march,1997)

cues for march 5

CUES-

--Nifty March future discount decreased to 15 points thus cost of carry increased.
--Nifty open interest decreased by 14 lacs suggests short covering.
--Nifty call option added 26 lacs and put option added 32 lacs.
--Put-Call Ratio decreased to 1.27.
--2500 put had open interest of 92 lacs, so 2500 will be imp level to watch for.
--implied volatility decreased by 200 basis points suggests stability.
--India VIX closed at 42.77, decreased by 4% suggests stability.
--US markets closed in green.
--Asian markets trading strong.
--Sgx nifty trading at 2660. (up 25)

--Positional strategy for nifty—Hold short with closing stoploss of 2703. (Initiated at 2674).

Wednesday, March 4, 2009

CUES FOR 4TH MARCH


CUES-

--Nifty March future discount decreased to 31 points thus cost of carry increased.
--Nifty open interest increased by 20 lacs suggests long addition.
--Nifty call option added 36 lacs and put option added 18 lacs.
--Put-Call Ratio decreased to 1.28.
--2500 put had open interest of 88 lacs, so 2500 will be imp level to watch for.
--implied volatility remains flat suggests instability.
--India VIX closed at 44.44, increased by 2% suggests instability.
--US markets closed flat.
--Asian markets trading weak.
--Sgx nifty trading at 2555. (Down 31)

--Positional strategy for niftyHold short with closing stoploss of 2747. (Initiated at 2674).

Tuesday, March 3, 2009

CUES FOR MARCH 3


CUES-

--Nifty March future discount increased to 35 points thus cost of carry decreased.
--Nifty open interest increased by 16 lacs suggests short addition.
--Nifty call option added 29 lacs and put option added 26 lacs.
--Put-Call Ratio decreased to 1.36.
--2500 put had open interest of 77 lacs, so it will be imp level to watch for.
--implied volatility increased by 200 basis points suggests instability.
--India VIX closed at 43.36, increased by 6% suggests instability.
--US markets closed in red.
--Asian markets trading weak.
--Sgx nifty trading at 2595. (Down 34)

--Positional strategy for nifty—Hold short with closing stoploss of 2783. (Initiated at 2674).