July 21, 2016

Market outlook - has the market topped out?

Daily charts
- today we had a high formed in NF fut around 8888 levels... 300 points above the normal
- in a separate post, I have hinted this means dabba operators expect markets to come down
- note today's open/ high in future ... this effectively stops out all dabba traders having a short position

And this is how the open interest figures look like... limited upside!

5 min charts... posted for reference only
- the entire perspective is messed up

No comments:

Post a Comment

Share this...