Nifty Bull run on 12th October, against technical sense. Views?

see this is what i was talking about @haribabu is strong in fundamentals and gave us a new perspective and data. thnx bro

What do you mean by FnO data, just OI or are there any other data points we should be looking at. Does OI cover the over all sentiment?

Then you must be talking about investing not trading.We cant enter or exit positions by reading economics data.

he may be talking about options selling quantities in either puts or calls as options sellers are with big money if they are aggressively selling either calls are puts means nifty may not close above or below that on expiry this info can b used to trade futures.

no, he may b talking abt when you have a positional trade not intraday.

Hi,
It’s just my view, since yesterday was a huge down move there would have been many short positions open in the market and they had to be covered considering today’s bullishness since morning. Many stop losses would also have been triggered today.

Also, europe was sideways but our market just took off after 2:00 pm. It didn’t even find any resistance at yesterday’s high.

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and if u want conspiracy theory here is one, if FIIs wants more quantity but there is no negative news but not strong positive but hey anticipate for it but already hold longs like they did on 11th oct, so what they can do just sell enough quantities in your position say 10-20% aggressively so its gonna scare retail traders and who see some indicators, panic and start selling which these FIIs start buying and accumulate 25-50% more, thats what i saw on 11th oct it fell quick but when it hit low buying was so rapid,but it din move up much as retails were selling it stayed low so smart money started buying that until close, as look at the futures quantities traded it was very high.

They know you set stop loss at 9980.

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also last two days before 11 oct, these technical experts on both days said it will be range bound and somehow it became manipulated on these two days when the market was actually bullish so when on 11th oct it opened high but these two days created fear retails were not buying so FIIs would have shed some positions as i explained above. this is just my opinion, market manipulation is what i see.

even this those technical experts were telling, i read it in some news article on pulse, that some guy said 9900, 9920 is support if it goes below 9980 it may be bearish or something like that, our retails traders did exactly the same.

this article is from moneycontrol on 10th oct ,(http://www.moneycontrol.com/news/business/nifty-likely-to-remain-sluggish-support-at-9900-buy-hul-indusind-bk-prakash-gaba-2408779.html)

I want to laugh till market opens tomorrow :grinning:

Do you think FII Just Dance to currency movement?

They are selling large caps and buying small caps.

If market fell due to their selling , then today also they sold in cash market then who took market up ?

See What BIG BOYS are doing

https://trendlyne.com/stock-screeners/shareholding-change/

i am talking about a hypothetical theory that if u want to buy more quantity at a cheaper price u need to make others sell and they ll sell if they see market going below there dear support level and how to make them do that sell some quantities aggressively which pushes price below then buy it all and more back below.

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Yeah i may be wrong…today us markets are falling due to bank results. It can hit bank nifty tomorrow which rose today and also in 30 min europe central bank will throw a speech…market may crack or uncrack tomorrow based on tht…wht u think??

in last three years FII withdrew 60000 Crores. Market still went up.

Foreign MANAGED Indian media will never give respect to India. They bring even minuscule countries charts also in the news and say India will react to that. Those countries are not even the size of our small states. More than 95% retail traders simply follow TV channels for trading.

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Market have nothing to do with that data.

FII again bought Futures today.

Market will always go flat or down after large move.

Reliance results will decide the Fate.

I shorted Nifty and Bought Reliance Puts. Despite knowing market is in uptrend and expecting Good IIP DATA.

Our media guys will tell you that Markets are at peak and have tight stop loss.

If you have time watch this.

@haribabu So if FII aren’t the big boys, then who are? Who is moving the markets and making these premeditated moves?
Just for information, where did you get the data which says FIIs sold a lot in the cash market. (The link you shared is only showing month by month purchases and sales)

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when are reliance’s results?

http://www.bseindia.com/corporates/Forth_Results.aspx

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Seems like you’re trying to become purely fundamental trader👍