Hello team
As market in general is getting better and developed . Why not include pre open market data on kite ? I guess pre market highs and lows provides usefull ques on how the day might unfold. Such datas can greatly enhance the information processing speeds of intraday pattern traders.
Right now it’s kinda frustrating to check the nse site evey time for pre open market highs and lows.
I hope you understand.
Not sure how pre open data highs/lows is of any use. I really think that data is garbage and of no value, I also recommend not to use that data for anything. I would be really happy to change my opinion if you can show how that data is of any use.
I would have to completely disagree with the above assumption. Data are never useless if one knows how to see them in a right way. I would agree that pre market data only consists of random orders, but that doesn’t let you treat it has a garbage. All data’s need to be clubbed and synthesized before making a valid decision.
I believe volatility equals opportunity, hence for me, a open drive trades consists of checking how pre market highs and lows are taken out by the one minute candle.
Lets say I’m a quick short term trader trading a news based stock that has lot of interest inbuilt for the day, My thesis tells me that if, pre market highs are broken with good volume and if i see the price getting transacted at a greater speed, combined with tape reading skills. I intuitively know that buyers are steeping in and hence i would see some higher levels being played out for the day.
These kinds of plays are very quick and short lived, when kite does not have such kinds of data it only makes it difficult for a discretionary traders who are trading with an edge.
Please have a look at blow chart, I hope that clarifies. Nonetheless, when NSE sight itself provides such charts, why not kite able to ?
Kind Regards
Pavan
I mean we should choose right set of data to analyze, in this case this population set selection itself is wrong. Please don’t use this data, only equilibrium price arrived after preopen is important, ie open and rest is not right set. Let me explain why.
One can influence the pre open by just keeping order in system and cancelling it after few mins, one can take reliance also to either circuit in first 1 min, as this data is formed without actual trades, it is danger to use this data to analyze.
Hi @siva-reddy,
In such case even the market depth which kite offers can also be manipulative as it can also be placed and cancelled. Let’s not build assumptions what can be manipulative and what not. One should know how to make sense out of it in a right way. Requesting for update on this please. For a moment atleast lets look at the US how they provide great features and what are we missing.
Premarket, Tape reading,Time and sales are all basic features there that we are yet to upgrade.
Can we please get pre open market chart data from NSE into our platform?
In US for even normal 5 depth they charge and is not provided by brokers for free.
Anyhow coming to preopen data , sorry we don’t have any plans to provide that.
