iCharts Discussions

Gemini · White Belt Joined: 28 Apr 2009 Posts: 166

Quite enriching thread. Thanks ST an dother experienced friends.

rameshraja · Expert Joined: 24 Nov 2006 Posts: 1121

ST,

Global markets will not be givenup till mid September, 2012. Last FOMC minutes, seem to suggest Fed Bond buying is to take place in September, as many members want Fed to take fast action as time is running out for Mr Bernanke as elections are around November.

The QE3 looks certain on coming September 13th of FOMC meeting as its going to be Mr Bernanke's last chance to act. If Romney wins, he will be pushed to corner.

Global markets will be in uptrend till Bernanke shows his card.. Once QE3 is done, world market should start correcting in anticipation of presidential election results.

As regards our market for this settlement, if Nifty Future manages to close above Friday's high in 30MTF, it can well headed to 5470 - 5505 for this settlement with SL at 5390 in 30MTF close.

Till Mid september 2012, our market also will keep dancing to tunes of US Market.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

oh good ST. Let's try to see all possiblitties. Mr. Raja has a point though

SwingTrader · Posted: Mon Aug 27, 2012 9:24 am Post subject:

SwingTrader · Posted: Tue Aug 28, 2012 9:10 pm Post subject:

Finally after much delay things are moving in line with options sentiment. I am expecting/hoping Very Happy

we get bearish extreme on the options sentiment in the next few days. Keeping fingers crossed on this.

About my trade - I am in SEP 5500 PUTs, unhedged now since 24th. I will let these run unhedged as things are bearish. I will think of adjustments to this trade only on a strong breakout above recent highs OR a significant decline (to protect profits) OR change in options sentiment bias (which is not nearby anyway).

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

ST, if you have bought 5500 put, why should you "think of adjustments to this trade" in case there is a significant decline to "protect profit"? You will make more profit if there is a decline. Or is it that I haven't understood your statement?

By the way, QE3 now looks less likely than ECB dole out, which is on 12th sept. In such a case, market can slide till 12th before starting upmove again.

pkholla · Black Belt Joined: 04 Nov 2010 Posts: 2890

Vinay: ST: "I will think of adjustments to this trade only on a strong breakout above recent highs": i think ST means if sharp rise in NF so sharp decline in put value. Rgds, Prakash Holla

SwingTrader · Posted: Wed Aug 29, 2012 9:38 am Post subject:

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

oh ok

SwingTrader · Posted: Wed Aug 29, 2012 6:17 pm Post subject:

Wow! look at the options sentiment chart for today. Big big change. Control has changed big time today. We have reached bearish extremes very quickly, this points to near-term future bullish move. But before that we could easily see few days of continuing bearish moves. Next few days will be very interesting...

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

I saw sgxnifty chart that showed a 100 high 5tf candle with low of about 5252 sept fut. May be that's a hint

SwingTrader · Posted: Wed Aug 29, 2012 7:19 pm Post subject:

p_wangdu · White Belt Joined: 30 Apr 2012 Posts: 126

bullseye · White Belt Joined: 26 Oct 2010 Posts: 37

Life's keen observations gives an insight to the future.......Great observation.....@ Vinay and ST...Thanx thumbup1

deepakms · White Belt Joined: 13 Aug 2009 Posts: 194

Dear ST,

Would like to know where to find the options sentiments charts.
I mean where do you post those charts from,is it available on NSE ?

Rgds
Deepak