# ATM CE position built up... Strong resistance
# ATM PE position built up... Strong support.
# Far OTM position built up on call side...Strong bullish
# Far OTM CE position built up... Strong bearish....
I couldn't find it so simple.
Mostly, what I learned is this presumption is a very easy way to misguide the masses by using the option chain.
On many occasions I have taken absolutely opposite stand and got good hit ratio.
Apr 30, 2020 • 17 tweets • 4 min read
24 March 2020..... India equity markets made low of 7511 and next 35 days 2348 points recovery.
So let's see which all sectors participated and which lagging behind.
Violet line indicates ... Nifty 50 Index
Green line indicates respective Index.
Yellow line indicates... RSI(14)
My chart reading says..
Participating sectors... NIFTY financial services, Pvt bank, Metal, Energy, Auto, Infra & IT
Laggards..... Nifty consumption, FMCG, Pharma, Media, Realty, PSU Bank
So one can decide where to long and short in May series.
Apr 24, 2020 • 10 tweets • 4 min read
Why did I say so?
Let's have a look, how smart men set the move and we dragged along.
A learning thread of price action and its option chain set up.
Stock come into radar on 17 Apr 20. with its increase in traded value, traded volume and above average delivery % in last one week. Also, noticed the ratio of number of trade and total traded quantity is high..... Seems big players are interested in this.
*** Volume, Traded Value & Delivery%...... Up.
*** Consolidation for more than month in a Narrow range.
*** Unwinding in shorts from 30 March to 10 Apr.... Indicated with Orange color.
*** Fresh position added in Futures from 10 Apr on words.... Indicated with Green arrow.
Apr 18, 2020 • 5 tweets • 2 min read
1. Chart Pattern: Consolidation after four continued weekly bearish candles. 2. Price facing resistance at 20 DEMA. 3. COI rising. 4. Increasing delivery on weekly basis. 5. Addition in far OTM PE in Apr & May series. 6. Addition in ITM, ATM & all OTM CE. 7. PCR 0.58
We have very limited stocks in FNO in this sector.
Its IT sector.... Lets do some study.
Don't speculate. Don't mention name here. Allow everyone to put efforts. If you find the stock, study the effects. Focus on learning.
Yes....For every one who sees it today.
This is a short story...
*** Stock made its low on 19 march. COI made a low on 30 Mar 2020. Thereafter, mild increase in the COI.....
Apr 13, 2020 • 5 tweets • 2 min read
How and why did I say this about NCC?
1. Study was same as mentioned in the pinned tweet. Data collection. Only difference is now I have started little more addition and subtraction resulting work has increased bit. But you have seen the outcome.
2. Stock has increased in the average traded value from past few days. Also increase in the delivery volume and delivery %. This was undergoing from past few weeks. ( Curious members can study the data further from this link)
7. Futures price down. 8. No. Traded contract in derivative market down . 9. Traded value in Futures down. 10. Open interest in futures Up. 11. Basis -Ve. 12. Strong Put writing in ATM PE and unwinding in ATM CE... Strong Ultra Bullish indication.