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Nifty View - August '15 Series |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #16  Posted: Fri Aug 21, 2015 2:02 pm Post subject: Re: Broke? |
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| pkholla wrote: | Vinay: If NF is going to violently swing so much on every rumor or sneeze, then it must really be in weak position! Another worrying aspect is poor volumes after first few candles, indicating little interest in trading
How much more down side???
Will we go broke?
Prakash Holla
PS I am getting O2, trading your Stock Thread Tips and WW Thread Tips |
Prakash, today's close is crucial. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #17 Posted: Sat Aug 22, 2015 7:15 pm Post subject: |
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8200 was the max OI at beginning of series and sgx suggesting 80-100 gap down to 8180 -8200. it can change Monday morning.
your Japanese badal  suggesting at least decent intra day pullback at 8200 levels
so buying at 8175-8180 level may be considered with your pivot target of 8245
break below 8130 could be used as exit.? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #18 Posted: Sat Aug 22, 2015 7:34 pm Post subject: |
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This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.
Nifty for Monday (24/08/15) and beyond
Supports are at about 8280, 8240, 8206, 8182 and 8160 while resistances are at about 8330, 8343, 8350, 8360 and 8382. Unfilled gap on lower side is at about 8174 while a previous low is at about 8195. (+WWs with higher targets are not mentioned as of now). A -WW can give 8150 (-WWs with lower targets are not mentioned as of now).
Nifty recovered sharply after a huge gap down open but closed below crucial level of 8318 and thus paving way for a further fall. Daily candle is a hammer. Also, bullish div is getting stronger and we may see a sharp reversal soon. Only some +ve major news event can save nifty. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully, next week being expiry. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #19 Posted: Mon Aug 24, 2015 8:36 am Post subject: |
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| Ratio of CBOE VIX to IndiaVIX has reached about 1.60. Short sellers be aware. |
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EssJay
White Belt
Joined: 05 Sep 2012
Posts: 270
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| Post: #20 Posted: Mon Aug 24, 2015 8:50 am Post subject: |
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Hi Vinay,
What are the upper and lower bands of this correlation? Thx. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #21 Posted: Mon Aug 24, 2015 9:02 am Post subject: |
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| EssJay wrote: | Hi Vinay,
What are the upper and lower bands of this correlation? Thx. |
historically, a bottom is signalled above 1.50. today just may be the day. I am expecting a green candle today. |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #22 Posted: Mon Aug 24, 2015 9:28 am Post subject: Panic button! |
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Vinay: It looks like sheer panic or manipulation or knee jerk reaction to China hysteria OR all 3!
How do you explain IT stocks plunging 2 to 3% even tho our IT cos. have almost nothing to do with China AND Re - $ nicely down to 66.5!!!
Do you think the market may be shut for some time today to cool things down and bring some sobriety into punters???
Prakash Holla |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #23 Posted: Mon Aug 24, 2015 10:08 am Post subject: Re: Panic button! |
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| pkholla wrote: | Vinay: It looks like sheer panic or manipulation or knee jerk reaction to China hysteria OR all 3!
How do you explain IT stocks plunging 2 to 3% even tho our IT cos. have almost nothing to do with China AND Re - $ nicely down to 66.5!!!
Do you think the market may be shut for some time today to cool things down and bring some sobriety into punters???
Prakash Holla |
Prakash, I had bought 8200pe at 25. for first 15 min, upper circuit didn't open after 111.85. when it opened I sold at 189. I have now bought sept 8300ce |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #24 Posted: Mon Aug 24, 2015 10:43 am Post subject: |
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no point buying options... look at the premiums... 8000ce trading at 96 bucks... 
vinay do u think it is worth buying 8300 Ce for sept at this point...?? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #25 Posted: Mon Aug 24, 2015 10:59 am Post subject: |
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| riteshucha wrote: | no point buying options... look at the premiums... 8000ce trading at 96 bucks...
vinay do u think it is worth buying 8300 Ce for sept at this point...?? |
ritesh I have bought. just look at range of august 8200ce w.r.t. NF. VIX has crossed 25 and that's why options are high. I am playing for 8200+ by expiry but bought sept calls. |
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #27 Posted: Mon Aug 24, 2015 2:32 pm Post subject: |
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Dear Vinay,
Congrats,I think you bought 8200 Pe on friday,am I correct? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #28 Posted: Mon Aug 24, 2015 2:33 pm Post subject: |
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many tks Mr Raja. Yes, I saw it. Good to see your post after a long time. |
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opportunist
White Belt
Joined: 27 Apr 2010
Posts: 356
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| Post: #29 Posted: Mon Aug 24, 2015 2:40 pm Post subject: |
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Nifty may be moving to 7000 levels before bouncing up again.
Oppo |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #30 Posted: Mon Aug 24, 2015 2:49 pm Post subject: |
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| chandrujimrc wrote: | Dear Vinay,
Congrats,I think you bought 8200 Pe on friday,am I correct? |
yes chandru and sold at 189 only to see it go to 404 but that's ok. I am long now. |
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