Update at 1:42 PM:
Booking profits here at 4666, will take trade above HOD.
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Update at 12:22 PM :
Nifty reached its both the targets. Nifty is still showing strength, booked 75% keeping 4624 as stop loss for reminig 25%.
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Nifty Intraday chart:
4 comments:
hi there doji,,
thanks for all those in depth analysis..neway actually i wanted to know how to inteprete the pcr ratio.in ur website..it has 2 ratios.openinterest pcr and vol pcr.1]--vol pcr when it goes up--wht does it mean.does it mean puts are been accumalted more?.and
2]-abt oi pcr.wht it signifies?.
does it mean when vol rcr reaches upside to extreme lvl --the contrarary is possible to happen and viceversa?.
Amazing analysis.. amazing trades.. thanx for all!
Thank you Satyam
Art,
PCR is a sentiment indicator. When PCR goes up, it means that market sentiment is turning bearish, and vice versa, falling PCR indicates sentiment is getting bullish. Though both OI and Volume PCR have the same meaning, a lot of people actually look at OI PCR only and ignore volume PCR.
when OI PCR goes up, it means either puts are accumulating or calls are shedding.
Doji
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