-------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.
--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.
