Live Questions and Answer Session with Puneet Marwah

Click here to view 14th April, 2017 Question and Answer Session

Date: 23rd April, 2017
Time: 10:00 am to 11:30 am
Number of Members attended session: 68


                  

Shivarajkumar Kuratti
What will be the Vedanta price post merger with Cairn India?
It involves Technical Calculations, Will Come back to it later.

Shivarajkumar Kuratti
Can we Short DALMIBHA May Futues(Dalmia Bharat Limited)?
Daily close below 2055 will take it to 1990.
Weekly close below 2072, Target will be 1980.
Puneeth sir told will revise the targets later...

Ajay Patil
Icici pru life insurance holding since IPO any target to sell in short term
PSM-suggests to hold icici pru..good for long term tgt more than 1k

Varun beverages holding since IPO any shor term levels to sell
PSM-can exit around 480

Just bought RBL bank by selling Precision chamshafts(ipo allotement) any suggestion on RBL
PSM-RBL good for long term good managment plans.

Monte carlo(holding since IPO) want to sell and reinvest in other script..pls.suggest good script.
PSM-Kitex garment is good to invest in same segment..

Sunil Bisht

Needs u r view in geecee venture i m stuck since one year my avrage price is @152 but stock not moving above @148 and needs u r view in uger suger my holding prices is @38

Varun h n
Asked view on SPARC and tech m,requested session on options,
Learned about charts in W pattern, got view on SPARC and tech m

Rahul Atpadikar

Titan
Book profit to 470 - 490




Mohit

One chart explanation of axtel
It's on profit booking ,Next support is at 72

Vivek

Bombay dyeing
Hold Expected to rise even possibly on monday

Ucal fuel
Good share to buy if it comes down to 195. Expected to go up to 250

Yeshwanth
Bartronics &city union bank
Bartronics can go till 19, citi union bank for 170 levels

Vivek
Godrej properties for long term
Good buy Good company. Expected levels 700!in a couple of years even more

Indramani Sharma

View on idfc bank & meghmani organic
On idfc bank go for long term & on megmani good to hold for long term & short term

Vivek

Fortis healthcare
Long term price of 700 expected To hedge using options

T V Today
Sell

Amit
How come puneet predicted so accurately that Hindustan zinc will go down on results day despite it having good results..!!
Charts shows, history shows how the stock has performed over the time. We have to monitor where smart money is and follow the same.

Read More

Player - Prathamesh FA vs Pratik TA

Read More

Player - Kamlesh FA vs Vyas TA

Read More

Player - Sharmil FA vs Dheeraj TA

Read More

Players - Ananda FA vs Ram TA

Read More

Players - Harshil FA vs Puneet Grover TA

Read More

How open interest is calculated and it's implication on a stock price?

                  

Praveen: Lets say two parties A and B are there..A is initiating a short on SBIN and B is buying it. then Open interest becomes 1. now C comes and then  buys from B even then OI is 1 since one contract is always open. let say A buys it back from C then OI becomes zero.

It gives you an idea how much interest does people have. How much open contracts are present in the market.

Abbas Merchant: If increased OI and price up positive...if price down negative

Praveen: Price is increase and you see very very high OI, then you can consider reversal coming soon.

Jaya Prakash Reddy Chilla: INCREASE in OI with INCREASE in PRICE indicates price may continue in UPTREND. BUT change in OI should be significant i.e, more than 10 lakhs (it depends on script/index)

Jaya Prakash Reddy Chilla: OI & PRICE CHANGE INTERPRETATION:

1)Increase in Price ->->-> Increase in Open Interest->->-> Indication of new money coming and indicates further continuance of uptrend

2)Increase in Price->->-> Decrease in Open Interest->->-> Increase in price is due to short covering of positions

3) Decrease in Price=>->-> Increase in Open Interest->->-> Decrease in price is due to newly build short positions and further weakness is predicted

4) Decrease in Price->->-> Decrease in Open Interest->->-> Traders unwinding their long positions by selling existing contracts

While first and third scenarios of interpretation of open interest charts indicate direction of future market trend (Bullish in first case and Bearish in third Case), other scenarios does not indicate a clear trend. We can wait for clarity in open interest data or use other indicators to initiate positions

Just remember following things ---->>>>>>

1. Increase in  Price and increase in OI means new money coming and indicates further continuance of uptrend

2. Decrease in Price and increase in OI means newly build short positions and further weakness is predicted

3. Increase in Price and decrease in OI means Increase in price is due to short covering of positions

4. Decrease in price and decrease in unwinding their long positions by selling means unwinding their long positions by selling🙏

Read More