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Nifty View - August Series 2013 |
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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Post: #616  Posted: Fri Aug 23, 2013 11:24 pm Post subject: |
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| vinay28 wrote: | | rk_a2003 wrote: | | The SGX moves are as per the intentions of "them".[/color] |
on the contrary rk. sgx is sometimes nicely used to misguide, the volume being very low. |
I find it to be good indicative for next trading day if majority of the time it holds in one colour green / red, then it's reliable to assume next day will be green / red.
They have even started SGX Nifty options not long ago, though those are traded in low volumes but it's OI in the respective strikes is indicative for what level the buying is happening or what level they maybe preparing for.
SGX Aug puts have highest OI compared to calls and 5400pe has highest since beginning of the series. Sept has highest OI in 5100pe and 5400pe. While Oct has at 5400pe. And Oct calls above 5400ce to 6000ce are building up. I have only seen for Aug month activity. Let's see whether Sept brings 5100 which has highest OI. |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #617 Posted: Sat Aug 24, 2013 8:24 am Post subject: |
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| apka wrote: | | vinay28 wrote: | | rk_a2003 wrote: | | The SGX moves are as per the intentions of "them".[/color] |
on the contrary rk. sgx is sometimes nicely used to misguide, the volume being very low. |
I find it to be good indicative for next trading day if majority of the time it holds in one colour green / red, then it's reliable to assume next day will be green / red.
They have even started SGX Nifty options not long ago, though those are traded in low volumes but it's OI in the respective strikes is indicative for what level the buying is happening or what level they maybe preparing for.
SGX Aug puts have highest OI compared to calls and 5400pe has highest since beginning of the series. Sept has highest OI in 5100pe and 5400pe. While Oct has at 5400pe. And Oct calls above 5400ce to 6000ce are building up. I have only seen for Aug month activity. Let's see whether Sept brings 5100 which has highest OI. |
Thanks Apka,
I think it's really crucial information. It must be giving us a rough idea of serpentine moves of the Nifty in the coming months.
That's the way to enrich ourselves with collective efforts.Some one said trading is not a collective act ...could be true.Arming your self with proper data ,analysis and observations is definetely more effective as a collective act. |
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beowulf
White Belt
Joined: 18 Aug 2010
Posts: 163
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| Post: #618 Posted: Sat Aug 24, 2013 1:20 pm Post subject: |
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| Will the sharp rise in rupee (now @63.xx levels) have any effect on the markets on Monday...? |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #619 Posted: Sat Aug 24, 2013 3:26 pm Post subject: |
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| beowulf wrote: | | Will the sharp rise in rupee (now @63.xx levels) have any effect on the markets on Monday...? |
That is an attempt by the RBI to make it look like it closed lower levels by selling dollars after share market closes and before Forex closes and thereby affect sentiments and technicals. It was tried before but didn't work.
Btw, Vinay I re-checked and was told PSU Banks don't deal in Forex / Forward Prop trading. They are not allowed by the RBI. So the news of RBI shorting futures must be for Bonds and erroneously given to us as USDINR. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #620 Posted: Sat Aug 24, 2013 4:21 pm Post subject: |
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| apka wrote: | | beowulf wrote: | | Will the sharp rise in rupee (now @63.xx levels) have any effect on the markets on Monday...? |
That is an attempt by the RBI to make it look like it closed lower levels by selling dollars after share market closes and before Forex closes and thereby affect sentiments and technicals. It was tried before but didn't work.
Btw, Vinay I re-checked and was told PSU Banks don't deal in Forex / Forward Prop trading. They are not allowed by the RBI. So the news of RBI shorting futures must be for Bonds and erroneously given to us as USDINR. |
rbi did not sell USD after market hours but announced some more measures for banks. I hope it won't be repeat of wednesday i.e. gap up and tank. |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #621 Posted: Sat Aug 24, 2013 7:23 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | | beowulf wrote: | | Will the sharp rise in rupee (now @63.xx levels) have any effect on the markets on Monday...? |
That is an attempt by the RBI to make it look like it closed lower levels by selling dollars after share market closes and before Forex closes and thereby affect sentiments and technicals. It was tried before but didn't work.
Btw, Vinay I re-checked and was told PSU Banks don't deal in Forex / Forward Prop trading. They are not allowed by the RBI. So the news of RBI shorting futures must be for Bonds and erroneously given to us as USDINR. |
rbi did not sell USD after market hours but announced some more measures for banks. I hope it won't be repeat of wednesday i.e. gap up and tank. |
This phenomenon is not limited to Rupee, most of the emerging market currencies appreciated in a similar way against $.I explained the possibility of this in MMM thread the moment latest announcement made regarding increase in Jobless claims.Forex markets read it in the same way …expecting delay in QE tapering. Even Precious metals too appreciated with the same reading.
This may not be that short lived phenomena like earlier. But our markets may decouple with rupee movement for some time till big jumps occurs either way in exchange rates. |
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chqmate
White Belt
Joined: 14 Aug 2013
Posts: 10
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| Post: #622 Posted: Sat Aug 24, 2013 7:58 pm Post subject: |
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10100/10700/12000. is it T1,T2 n T3 for bknifty  |
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beowulf
White Belt
Joined: 18 Aug 2010
Posts: 163
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| Post: #623 Posted: Sun Aug 25, 2013 12:47 am Post subject: |
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| beowulf wrote: | | Will the sharp rise in rupee (now @63.xx levels) have any effect on the markets on Monday...? |
Thanks for your views...
Any knee jerk reaction expected in IT stocks..? especially since the new kid in town seems to be Metals now... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #624 Posted: Sun Aug 25, 2013 11:40 am Post subject: |
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| chqmate wrote: | | 10100/10700/12000. is it T1,T2 n T3 for bknifty |
no, these are merely my expectations if banknifty goes up. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #625 Posted: Mon Aug 26, 2013 1:46 pm Post subject: |
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Axis Bank made new low after last week's low. I think it's going for 815-817.
Have taken short now 5461 fut, expecting 5405. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #626 Posted: Mon Aug 26, 2013 1:54 pm Post subject: |
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| apka wrote: | | Axis Bank made new low after last week's low. I think it's going for 815-817. |
but solid +ve div. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #627 Posted: Mon Aug 26, 2013 1:57 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | | Axis Bank made new low after last week's low. I think it's going for 815-817. |
but solid +ve div. |
sorry I gave wrong figure, 915-917. Strong support there. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #628 Posted: Mon Aug 26, 2013 2:07 pm Post subject: |
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| apka wrote: | | vinay28 wrote: | | apka wrote: | | Axis Bank made new low after last week's low. I think it's going for 815-817. |
but solid +ve div. |
sorry I gave wrong figure, 915-917. Strong support there. |
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ritapandit25
Black Belt
Joined: 04 May 2013
Posts: 2926
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| Post: #629 Posted: Mon Aug 26, 2013 5:15 pm Post subject: |
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Vinay,
It is NR7 today? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #630 Posted: Mon Aug 26, 2013 6:24 pm Post subject: |
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| ritapandit25 wrote: | Vinay,
It is NR7 today? |
yes rita. also an imperfect evening doji star. |
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