Home >> General Discussion

Rajdeep Kashinath
View Profile

NIFTY DIRECTION BASED ON OPEN INTEREST

From : Rajdeep Kashinath at 11:15 PM - Oct 30, 2014 ( )

Total Views: 299343

143 218 Bookmark

FRIENDS!

HERE I WILL POST NIFTY  TARGETS  BASED  ON  OPEN  INTEREST  FIGURES.

TARGETS WILL BE GIVEN FOR CURRENT MONTH  IN NIFTY FUTURE

PLEASE TRADE WITH  PROPER STOP LOSSES, AND TRY TO EXIT NEAR THE TARGETS.

AS I AM NOT A FULL TIME TRADER, I  MAY OR MAY NOT BE HAVING POSITIONS IN NIFTY FUTURE FOR THE TARGETS GIVEN BY ME. TAKE RISK ACCORDING TO ONES RISK APETITE.

Smile HAPPY TRADING Smile



From: Rajdeep Kashinath at 02:01 PM - Feb 21, 2015( )


THOUGH THIS THREAD WAS CREATED FOR NIFTY FUTURES ONLY,  I WILL BE POSTING STOCK SPECIFIC CALLS ON STOCK FUTURES AND ALSO CALLS ON EQUITY (CASH). THESE CALLS ARE PURELY BASED ON OPEN INTEREST BUT I HAVE TO MIX UP OTHER INDCATORS SOME TIMES.

I WILL NOT BE GIVING STOPLOSSES, BECAUSE RISK TAKING CAPACITY DIFFERS FROM PERSON TO PERSON. PLEASE DONT ASK FOR STOPLOSSES.

HOW MANY ARE INTERESTED  PLEASE LET ME KNOW? SO THAT I CAN EXTEND MY RESEARCH AND KEEP POSTING HERE.



From: Rajdeep Kashinath at 08:55 AM - Apr 26, 2015( )


Started a fresh thread for Stock specific querries as this thread is getting bulky now.     plz visit http://www.mudraa.com/trading/212455/0/stock-specific-ideas.html



From: Rajdeep Kashinath at 10:04 AM - Nov 07, 2015( )


Due to increase in Lot sizes of Nifty future, the risk has increased manifold, I suggest not to trade in Nifty future or Options. I am just expressing my view, Do your own research before entering a trade, its your decision, your money and your risk. Don’t disclose your holdings (quantities) here. No Blame/ Allegetion game for losses incurred as profit or loss is your Baby handle it with care. As I am a part-timer may not be able to attend your querries sometimes, you need to take your own decision.


In Reply to above Message (1 to 20 out of 2390) - Latest Replies are put on Top | First | << Previous | Next >> | Last |

From : Varun Kochhar at 07:49 PM - Apr 24, 2017 ( )

Rajdeep ji any changes in your view for this expiry or are you still expecting 8800-9000.


From : Rajdeep Kashinath at 01:12 PM - Apr 19, 2017 ( )

@9087 - Nifty is getting ready for nosedive to 9000 levels soon.


From : Rajdeep Kashinath at 06:02 PM - Apr 18, 2017 ( )

@9105 - NIFTY IS HEADING FOR 9000 VERY SHORTLY.  What if we gap down tommorrow?........................

The drastic fall in Open Interest had already indicated earlier, this phenomena is repeating so many times since last 3 years in Nifty. 

 

From : Rajdeep Kashinath at 08:19 PM - Apr 11, 2017 7 days ago )

@9237 - Drastic fall in OI is confirming the fall ahead in Nifty, Lets see.......................

From : Rajdeep Kashinath at 08:59 PM - Apr 03, 2017 15 days ago )

CMP 9237 – Die-hards can short Nifty again for targets 9000 / 8800. This view is purely based on drastic fall in Open Interest experienced today.  Nine of Ten times Nifty falls in this kind of Open Interest setup.  Take your own decision my analysis can fail as usual.


From : Rakesh Dedhia at 08:27 PM - Apr 15, 2017 ( )

@ Rajdeepji

 

What is OI telling now...

 

The fall has started or finished??

 

What levels to cover shorts?

 

pls advise.


From : Varun Kochhar at 06:05 PM - Apr 14, 2017 ( )

Rajdeep ji these messages are not meant for you. This was in response to Rakesh ji's querry and then to let off steam against somebody who is constantly trying to get under my skin. Sorry for disturbing your thread's flow.


From : Varun Kochhar at 03:02 PM - Apr 14, 2017 ( )

And that also in an index. It is not going down in a day or 2 of weakness. People may make tall claims of Nifty going down to 8000 or 6000 levels (why not 4000) but where is the evidence to support this arguement. Sure one day it will reverse too but then we would be ready then. Why plan your contra trades now when you should be thinking about profiting from this uptrend.


From : Varun Kochhar at 02:51 PM - Apr 14, 2017 ( )

And i guess this is the reason i became so unpopular and hated because i wanted to correct this myopic fallacy. Guys this market is not about rationality and fundamentals, it is about liquidity which can only be interpreted completely by smart volumes (OBV).


From : Varun Kochhar at 02:40 PM - Apr 14, 2017 ( )




From : Varun Kochhar at 02:29 PM - Apr 14, 2017 ( )

How do we know when the pullback ends and the uptrend starts. Well to give you a clue. Start marking lines at 9:16 on the OBV charts of 1min. time frame. The day we get a close above this level, chances are that the pullback is over and we are back in trend again. This level will also help you trade intraday by only taking long signals by whatever method if  we are above these levels intraday and shorts below these levels. Try paper trading for a few days and you would gain confidence.


From : Varun Kochhar at 02:22 PM - Apr 14, 2017 ( )

These volumes when they come are of positional nature. Meaning the big boys do not play for 50-100 points in BN or 20-40 points in Nifty. Till the time we are getting higher lows and higher highs consistently there is not going to be a reversal or a major fall. These temporary falls in prices are great places to add to ones positional positions till OBV is in an uptrend. One can start adding to ones shorts, once the OBV picture reverses (Meaning it starts making lower highs and lower lows). Till then being with the trend would give a better risk reward. (Better odds)


From : Varun Kochhar at 02:12 PM - Apr 14, 2017 ( )

Rakesh ji just posted 2 charts of volume action (OBV) as i trade using volume action. The top chart is of Nifty and the Bottom of Banknifty. As you can see there is a divergent view on both. The BN charts are showing strength as the volumes (OBV values) are at a lifetime highs and also closed strong yesterday. (I say strong as the closing values were much more than the open values signifying addition in open interest). Now if OBV was a candle then a higher close in OBV than the open would signify a green candle. It was just opposite in NIFTY and they played out accordingly. I was pretty confident that with the significant addition in open interest in BN, Nifty would also follow suit but that did not happen. Now as per charts BN is Strong and Nifty is weak. For strength to come back in Nifty, it needs to take out yesterday's OBV high or at least the last pivot high which corresponds to th price range of 9199-9210. The reason i base my trades off OBV (volumes) is because unlike price which is news or sentiment driven, volumes are not. These volumes do not come from you and me but the big boys also rightly named Market Makers. These people know what they are doing and can manipulate the markets on their whims owing to the money power. They only give their hand away by these volumes which is not possible to hide.


From : Varun Kochhar at 01:59 PM - Apr 14, 2017 ( )








From : Rakesh Padhi at 11:16 AM - Apr 14, 2017 ( )

Do you see a confirmation in your chart Mr. Varun or waiting to short with a final confirmtion ?

 

From : Varun Kochhar at 09:42 PM - Apr 04, 2017 10 days ago )

Thanks Rajdeep ji for sharing your studies. But i will not short right now till i get a confirmation from price.


From : Gongura Katta at 08:22 PM - Apr 11, 2017 ( )

Falls temporary, bulls permanent - for a few days :-)


From : Rajdeep Kashinath at 08:19 PM - Apr 11, 2017 ( )

@9237 - Drastic fall in OI is confirming the fall ahead in Nifty, Lets see.......................


From : Rajdeep Kashinath at 09:10 PM - Apr 04, 2017 ( )

[IMG]http://i63.tinypic.com/5u07pe.png[/IMG]


1 to 20 out of 2390

Login to participate in discussion.

Home







Recently Discussed Posts of Rajdeep Kashinath

General Discussion >> NIFTY DIRECTION BASED ON OPEN INTEREST (2391)

Technical Calls >> STOCK SPECIFIC IDEAS (459)

General Discussion >> ALL ABOUT MUTUAL FUNDS (1)

General Discussion >> BECOMING A FULL TIME TRADER( Trading for Living ) (46)

General Discussion >> CORRECTION IS OVER CMP 7655 (9)