PCR is one of the market sentiment indicators. In general terms raising PCR signifies the market sentiment is bearish and vice versa. Coupled with other indicators, this can be a good early warning signals.
http://www.investopedia.com/ask/answers/06/putcallratio.asp has some basic information, please research more on Internet.
Hey Doji gr8 to get in touch with u can u tell me what is the difference between volume pcr and oi pcr and what differences in interpretation do we get???
i want to learn technical analysis. Can u suggest me any course or a few books pls? Have u done any courses? which books have u read on stock investing till now fundamental and technical?
Hi doji, Good evening. I want some guidance from u. How do u trade in such market.Becoz market is over reacting.It means market want to fall, then falls in the morning itself with gap down and come up & if market want to rise it open with gap up and fall down from high and once again adjust to the near high of the day.In positional trade also we normally get trapped,when we go long and next day it falls with somehow gap down and our stop loss get triggered which we set in mind and again it comes to our buying cost & vice versa,sometime when we dont use stop loss then we occur huge loss.Plz focus on how to trade positional like 2-3 days and how to handle in INTRADAY while GAP UP OR GAP DOWN. I hope you will focus on it, to solve the problem and do the profitable trades.
Looks like you have been holding for more than 1 year. If you are willing to hold for longer time, then may be its good to hold as the current long term trend is up. On medium term, 68 is the crucial support and you may keep this as SL. intermediate minor supports are at 85 - 82 -80 levels
90-93 levels are immediate resistances. Once the resistance is take out, we may see good up moves.
Hi Doji, good morning, In daily graph of Nifty spot I am seein inverted H & S.Plz tell e wheather it is right or wrong. http://www.dropshots.com/daredevils619#date/2009-08-03/09:46:22
Hi Pager, Markets are dynamic and its not probable to estimate targets. Instead a daily analysis is what keeps up in peace with market dynamics. I am writing may daily analysis on Nifty, you can find targets and patterns some times. Hope that helps.
Hi Santosh, parameters to the indicators are based on the system one is following. They have no meaning when not defined with in a system and looked in isolation. There is no direct answer to your question. Timeframe and look-backs come as a part of your system.
Hi doji good Evening, Can you provide me 4th august tick data becoz in your tick data label it doesnt have plz if you have the same plz post it or forward me over vijay.pshinde@yahoo.co.in.
@govind, I am calculating PCR from data provided by NSE website option chain at http://www.nseindia.com/marketinfo/fo/optionKeys.jsp?symbol=NIFTY&instrument=-&date=-
There is no column in that data series which represents call OI & put OI , yeh there is column OI_NO_CON which represents OI in number of contracts , then what is methodolgy by which u calculate this PCR OI
Govind, OI_NO_CON is different, for PCR we look at options OI. yesterday's closing PCR in my graph is same as you mentioned. It wont be available after tomorrow morning as I am displaying last 24 hrs PCR, check it now.
then let me know how you calculate the PCR & what is volume pcr . i have downloaded the op150909.dbf , but there is no colume as you mentioned in that of open intrest.
hello doji, gr8 work. i had one question: The value that we see on top is different from one shown in graph on y axis. For example, right now the value on top reads 1.14 and green line is pointing b/w 1.32 & 1.39. Why is this difference coming?
I am watching your PCR OI and PCR Vol for last 6 months. it is an excellent effort you have made. If you go through the combined movement of PCROI and PCR Vol then it helps me to understand the movement of market atleast 5 to 10 minutes beforehand. I can be clearly understood that wehether market will surge or fall or move side ways. Somes traders falls into bulls or bears trap. I found your chart has saved me to fall into bears or bulls trap.
Your chart is beautiful for day traders. Do you have OI & Volume PCR data (EOD basis)? I'll be grateful if you can share it with me. I need data upto Jan 2010.
Thanks!
Anonymous
said...
Many thanks for such a useful chart - I keep looking at the chart almost throughout the day! Since I am not capable of preparing such charts, I had couple of suggestions: 1. The chart may be updated from 9am onwards (I think the updation starts at 9.55am) 2. A second chart may be created for subsequent month as well.
Actually, I could not get the change in OI at nseindia.com option chain; it only reports current OI. If you have any links, please share.
Great going brother, but just wanted to know how does your chart reads ... currently it shows a volume PCR of 31.24 ... normally PCR are in the range of 1-2 .... pls correct me if i m wrng
Dear Doji, No up-dates today? It was a need today because 5000 and 5100 PE got added significant O.I. today.Waiting for your response for tomorrow.Thanks.
Hi Doji good evening,it is really a so long silence plz come back as eaarly as possible to your blogging we need your help,plz come soon we are missing all your important post and comments I dont know wheather you r viewing your blog or not in foreign so plz reply and come back to blog. regards Viju.
Dear Doji, Your Blog is so unique/day-trader friendly and helpful that really haven't find any comparison.Pl.continue the same at your earliest.Now a days we really miss you.Thanks.
Let me provide a clear guidence of reading the PCR charts and its effect on the market trend. How we can corelate PCR chart and trend? Pl let me know this to use your PCR chart creation?
Dear Doji, One request.If it is not possible intraday chart updates for you,then no problem but if possible please indicate the %PCR (Just Figures) after market hours,with your own convenience. Waiting in anticipation.Thanks.
Dear Doji, As you are tracking the market,specially option data and Considering the huge O.I. for 5200 and 5300PE for this series what is your prediction?How much up side is there? Or whether the up move will be restricted here? Your comment please.Thanks.
Dear Doji, Considering the current market situation and the both PCR what do you think about the Indian market? Shall it start to trade below 4970 in coming days? Your views please.
61 comments:
Doji ur GREAT man
thanx for the live PCR
Thank Devendra. I'm glad you liked the charts.
hi Doji,
Thanks for the great work. If you post how to read PCR chart and benefit, would be helpful
Cheers
Newcomer
PCR is one of the market sentiment indicators. In general terms raising PCR signifies the market sentiment is bearish and vice versa. Coupled with other indicators, this can be a good early warning signals.
http://www.investopedia.com/ask/answers/06/putcallratio.asp has some basic information, please research more on Internet.
Doji
this PCR is different from what is shown on CNBC TV-18
can u tell me this PCR is only for July series or it is for over all Nifty series
I am calculating this data from current month's data only, grabbing the data from nse website. How much was the difference?
Doji
Hey Doji gr8 to get in touch with u
can u tell me what is the difference between volume pcr and oi pcr and what differences in interpretation do we get???
Doji
i want to learn technical analysis. Can u suggest me any course or a few books pls? Have u done any courses? which books have u read on stock investing till now fundamental and technical?
thanks
Vijay
Hi doji, Good evening.
I want some guidance from u. How do u trade in such market.Becoz market is over reacting.It means market want to fall, then falls in the morning itself with gap down and come up & if market want to rise it open with gap up and fall down from high and once again adjust to the near high of the day.In positional trade also we normally get trapped,when we go long and next day it falls with somehow gap down and our stop loss get triggered which we set in mind and again it comes to our buying cost & vice versa,sometime when we dont use stop loss then we occur huge loss.Plz focus on how to trade positional like 2-3 days and how to handle in INTRADAY while GAP UP OR GAP DOWN.
I hope you will focus on it, to solve the problem and do the profitable trades.
I would suggest these three books, to understand the basic concepts.
1. Pring, Martin J. - Technical Analysis for Short-Term Traders ----------For understanding basic pivots
2. John J. Murphy - Technical Analysis Of The Financial Markets ----------- For patterns
3. Candlestick Charting Explained - Greg Morris -------------- For candlestick analysis
OI PCR is more significant then volumes PCR, however both indicate the same.
-Doji
Thanks Doji
Company Name- allahabad bank
BV (Rs.) - 111
CMP- 88
Dividend Yield (%)- 3.47%
what r ur comments regarding this stock?
Looks like you have been holding for more than 1 year. If you are willing to hold for longer time, then may be its good to hold as the current long term trend is up. On medium term, 68 is the crucial support and you may keep this as SL. intermediate minor supports are at 85 - 82 -80 levels
90-93 levels are immediate resistances. Once the resistance is take out, we may see good up moves.
Doji
i wanted to ask u if we could buy this stock at current levels
the Book Value of the stock is Rs.111
Current market price - 88
and Dividend yield for the last 3 yrs - 3.47%
thanks for ur response.
pls reply to above query
i wanted to ask u if we could buy this stock at current levels
the Book Value of the stock is Rs.111
Current market price - 88
and Dividend yield for the last 3 yrs - 3.47%
thanks for ur response.
Hi Doji, good morning,
In daily graph of Nifty spot I am seein inverted H & S.Plz tell e wheather it is right or wrong.
http://www.dropshots.com/daredevils619#date/2009-08-03/09:46:22
hi Doji, can u tell me near nifty target,
it may go upward or downward?
Hi,Doji
In Intraday which time frame chart & technical tools like MACD,RSI,Stochastic is more popular & useful to trading.
Hi Pager,
Markets are dynamic and its not probable to estimate targets. Instead a daily analysis is what keeps up in peace with market dynamics. I am writing may daily analysis on Nifty, you can find targets and patterns some times. Hope that helps.
Hi Santosh,
parameters to the indicators are based on the system one is following. They have no meaning when not defined with in a system and looked in isolation. There is no direct answer to your question. Timeframe and look-backs come as a part of your system.
-Doji
Hi
Is the chart being updated even now?
Regards
Sujit
Yes, hope you can see the date/time in the X axis.
Doji
Hi doji good Evening,
Can you provide me 4th august tick data becoz in your tick data label it doesnt have plz if you have the same plz post it or forward me over vijay.pshinde@yahoo.co.in.
Hi Viju,
I forgot to tag it, here is the link http://www.chartreader.co.in/2009/08/intraday-tick-data-for-4th-aug-09.html
Doji
Doji
What is say you you are great
Kaya bata ha
Kaya hum be bana sakta ha
Hey can you tell me which way i made this
doji
i did some home work for what is put and call..
when to enter either in call or put for NIFTY
pls. let me..
color of graph to be changed for good visibility plz change it if u can.
Dear Doji
Fine,wish u the same. Your doing G8Job and ur analysis are meticulaous and fair enough.
Gudday Doji
Bhaskaran.G
PCR o/i @ 2.03!!!!! i've never seen such a thing
@Pradeep,
2 is high, but not that uncommon I think.. I could be wrong though.
the pcr reported here do not match with either Economic Times or PCR obtained from any brokage house
@govind,
I am calculating PCR from data provided by NSE website option chain at http://www.nseindia.com/marketinfo/fo/optionKeys.jsp?symbol=NIFTY&instrument=-&date=-
(Sum of PUT OI) / (Sum of CALL OI)
If you think this is wrong, let me know.
Doji
hi doji,
i also calculate PCR data from nse site as you do and mine comes out to be same as yours.
Dear sir
There is no column in that data series which represents call OI & put OI , yeh there is column OI_NO_CON which represents OI in number of contracts , then what is methodolgy by which u calculate this PCR OI
& accordingly if i calculate with dividing oi_no_ co of put option / call option as on closing of 15092009 it comes to 1.593952643
Hi Renu, thanks for your comment.
Govind,
OI_NO_CON is different, for PCR we look at options OI.
yesterday's closing PCR in my graph is same as you mentioned. It wont be available after tomorrow morning as I am displaying last 24 hrs PCR, check it now.
then let me know how you calculate the PCR & what is volume pcr . i have downloaded the op150909.dbf , but there is no colume as you mentioned in that of open intrest.
Dear Doji
waiting for your reply
Dear doji
still waiting for reply.
Govind,
You are looking at the wrong file/page. Just open below URL:
http://www.nseindia.com/marketinfo/fo/optionKeys.jsp?symbol=NIFTY&instrument=-&date=-
You see Open Interest and Volume under Puts and calls. ratio of the sum of OI and Volume is the pcr that I graph here.
Doji
Dear doji
the link u send is just for puts & not calls. further my question is unanswered that what is volume pcr
Dear Govind,
Just spend some time and read what I said in my last comment. If you dont understand, please leave it, I cant write it any more clearer.
Doji
hello doji,
gr8 work. i had one question: The value that we see on top is different from one shown in graph on y axis. For example, right now the value on top reads 1.14 and green line is pointing b/w 1.32 & 1.39. Why is this difference coming?
sorry for the question..above...i was trying to look vol. on OI axis
can i get prevous days chart
Doji,Hi
Just got this link from Shikhartimby. Many, many thanks to both. You have given a new dimension for me to study. Thanks again.
doji
can u please provide the OI put call ratio from 1st december?. I will really be thankful
I am watching your PCR OI and PCR Vol for last 6 months. it is an excellent effort you have made. If you go through the combined movement of PCROI and PCR Vol then it helps me to understand the movement of market atleast 5 to 10 minutes beforehand. I can be clearly understood that wehether market will surge or fall or move side ways. Somes traders falls into bulls or bears trap. I found your chart has saved me to fall into bears or bulls trap.
Thank you,
http://markethypothesis.blogspot.com
Hi Doji,
Your chart is beautiful for day traders. Do you have OI & Volume PCR data (EOD basis)? I'll be grateful if you can share it with me. I need data upto Jan 2010.
Thanks!
Many thanks for such a useful chart - I keep looking at the chart almost throughout the day! Since I am not capable of preparing such charts, I had couple of suggestions:
1. The chart may be updated from 9am onwards (I think the updation starts at 9.55am)
2. A second chart may be created for subsequent month as well.
Actually, I could not get the change in OI at nseindia.com option chain; it only reports current OI. If you have any links, please share.
Thanks in advance.
Hi doji
sagar from mumbai please repliye me how can read this put call nifty chart.(prasannaprem@yahoo.com) Thank you
Hi Doji,
Great going brother, but just wanted to know how does your chart reads ... currently it shows a volume PCR of 31.24 ... normally PCR are in the range of 1-2 .... pls correct me if i m wrng
Dear Doji,
No up-dates today? It was a need today because 5000 and 5100 PE got added significant O.I. today.Waiting for your response for tomorrow.Thanks.
Hi Doji good evening,it is really a so long silence plz come back as eaarly as possible to your blogging we need your help,plz come soon we are missing all your important post and comments I dont know wheather you r viewing your blog or not in foreign so plz reply and come back to blog.
regards Viju.
Dear Doji,
Your Blog is so unique/day-trader friendly and helpful that really haven't find any comparison.Pl.continue the same at your earliest.Now a days we really miss you.Thanks.
Hi Doji,
Let me provide a clear guidence of reading the PCR charts and its effect on the market trend.
How we can corelate PCR chart and trend? Pl let me know this to use your PCR chart creation?
kumar
Dear Doji,
One request.If it is not possible intraday chart updates for you,then no problem but if possible please indicate the %PCR (Just Figures) after market hours,with your own convenience. Waiting in anticipation.Thanks.
Dear Doji,
We really don't know from when you are going to commence? Pl.throw some light .
Thanks.
Dear Doji,
As you are tracking the market,specially option data and Considering the huge O.I. for 5200 and 5300PE for this series what is your prediction?How much up side is there? Or whether the up move will be restricted here? Your comment please.Thanks.
Dear Doji,
Thanks.You are requested to give OI PCR too. Thanks.
Dear Doji,
Considering the current market situation and the both PCR what do you think about the Indian market? Shall it start to trade below 4970 in coming days? Your views please.
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