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Nifty View - August Series |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #286  Posted: Mon Aug 25, 2014 3:09 pm Post subject: |
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| bought more 8000ce |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #287 Posted: Mon Aug 25, 2014 3:15 pm Post subject: |
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| vinay28 wrote: | | bought more 8000ce |
braveheart...dicey |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #288 Posted: Mon Aug 25, 2014 3:16 pm Post subject: |
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| vinay28 wrote: | | bought more 8000ce |
and the OI went up by 1 lakh to 103+ lakhs 
nice creamed selling in bank stocks as bank nifty approach 16000. |
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reemajainiaf
White Belt
Joined: 17 Sep 2013
Posts: 78
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| Post: #289 Posted: Mon Aug 25, 2014 3:16 pm Post subject: |
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| I too bought but was in dilemma. Your optimism is encouraging, Vinay. Thanks. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #290 Posted: Mon Aug 25, 2014 3:25 pm Post subject: |
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| reemajainiaf wrote: | | I too bought but was in dilemma. Your optimism is encouraging, Vinay. Thanks. |
and now 104+ lakhs
big buyers you guys are 
Today's ATP is 19 or so and high price 29. Till expiry these will be the resistances. Above which short covering. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #291 Posted: Mon Aug 25, 2014 3:27 pm Post subject: |
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| riteshucha wrote: | haha..damn u black magic man, "n" took shape in the morning only... my gf is cursing me now...:p
may have to find something and mke it look like i m doing it for her...hahaha..
(3 days left to save my skin.. fingers crossed) |
just change her name suitably.
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #292 Posted: Mon Aug 25, 2014 3:29 pm Post subject: |
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| reemajainiaf wrote: | | I too bought but was in dilemma. Your optimism is encouraging, Vinay. Thanks. |
it's always risky reshma but I feel it's worth it as of now. I will review again tmrw to see whether 7876 holds. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #293 Posted: Mon Aug 25, 2014 3:50 pm Post subject: |
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"Your optimism is encouraging" and his black magic tongue... looking at his post, i cut my shorts and bought few calls... damn he doesnt let me sleep in peace..
hope he is right again... (risking a permanent tattoo at the same time :p)
| apka wrote: | | reemajainiaf wrote: | | I too bought but was in dilemma. Your optimism is encouraging, Vinay. Thanks. |
and now 104+ lakhs
big buyers you guys are
Today's ATP is 19 or so and high price 29. Till expiry these will be the resistances. Above which short covering. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #294 Posted: Mon Aug 25, 2014 4:37 pm Post subject: |
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NF yest low 7906.30 / NF today's low 7906.30
NS todays close 7906.30.. a strange coincidence... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #295 Posted: Mon Aug 25, 2014 6:33 pm Post subject: |
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| riteshucha wrote: | "Your optimism is encouraging" and his black magic tongue... looking at his post, i cut my shorts and bought few calls... damn he doesnt let me sleep in peace..
hope he is right again... (risking a permanent tattoo at the same time :p) |
ritesh, what is important is which puts you had, what price you bought and sold and what price you bought which calls since it is always the timing/levels at which you enter the trade. This is because I have been talking about higher levels or going long since last 2 weeks.
I am a "bit" reckless and have lost a lot in the past but somehow my hunches have been coming true lately and I don't know how or why. I bought more calls since I have made some money lately and my average was anyway <10 and I will definitely buy more tmrw if I see lower levels because I am going to go for the jugular. I also have 3600ce for infy and 1020ce for RIL. In the morning, when nifty went up, I also bought sept 7800pe since I had posted last week that Monday will be dicey. I covered them near the bottom and bought more calls.
Obviously, I don't have any SL in mind but if I have to have one, it will have to be presently a bit below the recent low of 4.25. Alternately, I will also be watching levels which are closely spaced on lower side e.g. 7887/76/67/55/50. If it sustains below 7850 even for a short time, I may have to give up. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #296 Posted: Mon Aug 25, 2014 6:36 pm Post subject: |
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| apka wrote: | and now 104+ lakhs
big buyers you guys are
Today's ATP is 19 or so and high price 29. Till expiry these will be the resistances. Above which short covering. |
apka, today ratio of 8000ce to NF was about 0.30. If nifty goes up again, this ratio will start going up till NF is well above 8030 when it will become ITM. In that case, 29 will be swept aside viciously. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #297 Posted: Mon Aug 25, 2014 6:38 pm Post subject: |
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| riteshucha wrote: | NF yest low 7906.30 / NF today's low 7906.30
NS todays close 7906.30.. a strange coincidence... |
God is great. It shows that NF didn't break yesterday's low though NS did, which means we may just see a bit lower level tmrw also. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #298 Posted: Mon Aug 25, 2014 7:55 pm Post subject: |
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Thanks vinay...
They way tata steel hindalco icici axis bnf nf fell n closed near their lows I too feel it will open lower... 7880 nf is crucial for tomm... This also happens to be a break below level as per one excel sheet...
quote="vinay28"] | riteshucha wrote: | NF yest low 7906.30 / NF today's low 7906.30
NS todays close 7906.30.. a strange coincidence... |
God is great. It shows that NF didn't break yesterday's low though NS did, which means we may just see a bit lower level tmrw also.[/quote] |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #299 Posted: Mon Aug 25, 2014 8:09 pm Post subject: |
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| riteshucha wrote: | Thanks vinay...
They way tata steel hindalco icici axis bnf nf fell n closed near their lows I too feel it will open lower... 7880 nf is crucial for tomm... This also happens to be a break below level as per one excel sheet... |
ritesh, fall in metal and bank stocks was a kneejerk reaction to SC judgement. SC never said that allotment were cancelled nor will it do it as huge investments have been made in many projects. problem is for those mines where no work has started and firms are simply trading licenses. I feel things will cool off latest by tmrw afternoon. we should not go strictly by some levels when fall/rise is news based. Just allow it to cool off. Could be a bear trap also. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #300 Posted: Mon Aug 25, 2014 8:30 pm Post subject: |
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Nifty for Tuesday (26/08/14)
Supports are at about 7887, 7876, 7867, 7855, 7823 and 7815 while resistances are at about 7948, 7976, 8026 and 8081. An unfilled gap on lower side is at 7891. Four +WWs can give about 7935, 7968, 7990 and 8014 (+WWs with higher targets are not mentioned as of now). Four -WWs can give about 7885/75, 7857 and 7823 (-WWs with much lower targets are not mentioned as of now). A bullish flag can give much higher level unless killed below 7795. A bearish flag can give lower level unless killed above 7945. An IHnS can give about 8170-8275 in case nifty sustains above about 7881.
Nifty fell sharply after making a new high upon a gap up open and closed -ve but above 7900 again. Daily candle is like an inverted hammer. Also, the -ve div on daily and weekly still persists and RSI has not gone above 67.25. However, monthly chart is still good. Close above 7969 will be bullish. A close below 7840 will bring bears back and a close below 7746 will be bad. Liquidity is strong and one needs to be careful. We can also see wild intraday swings, this week being expiry. |
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