Thursday, September 9, 2010

Short Tatamotors futures for 5 % + gains last traded price is 1021

Tatamotors...analysed chart is showing the reality ....closed below 20DMA..all indicators indicating bearish-ness MACD falling ,RSI  falling , momentum decreasing ,W% R is falling... today fell by 1.7 % on heavy volumes ....
when these all indicators are giving sell signals...so why are u holding it ?
just off load here  and u can buy it below 950 ...
70 Rs flat gains....
Short Tatamotors futures for 5 % + gains   last traded price is 1021
Trade according to levels....follow up is must 
Intraday chart is showing   a smooth declining  in entire session...

  • If If If If price increases and Open Interest increases, then their is strength behind the price move higher.
  • If price decreases and Open Interest increases, then their is strength behind the price move lower.
  • If price increases and Open Interest decreases, then their is weakness behind the price move higher.
  • If price decreases and Open Interest decreases, then their is weakness behind the price move lower.

And here we are seeing  that open interest was increasing with fall.....so lage raho munaa......
Instrument TypeUnderlyingExpiry DateOption TypeStrike PriceMarket Lot
FUTSTKTATAMOTORS 30SEP2010--500
Price Information
Open Price1040.00
High Price1047.80
Low Price1012.55
Last Price1021.00
Prev Close1038.50
Close Price1019.45
Change from prev close-17.50
% Change from prev close-1.69
VWAP1025.35
Underlying Value1015.05
Number of contracts traded26041
Turnover in Rs. Lakhs133505.70
Open Interest14368000
Change in Open Interest218500
% Change1.54
Order Book
Buy QtyBuy PriceSell PriceSell Qty
20001020.251021.001500
15001020.151021.25500
10001020.101021.35500
25001020.051021.501500
60001020.001021.60500
537500Total Buy QtyTotal Sell Qty1014000

Cost of Carry
 Best BuyBest SellLast Price
Price1020.251021.001021.00
Cost Of Carry9.8211.2311.23
Other Information
Settlement PriceDaily VolatilityAnnualised VolatilityClient Wise Position LimitsMarket Wide Position Limits
1019.451.8134.62259100651820133

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