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Nifty View - December |
skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #1036 Posted: Wed Dec 26, 2012 11:28 am Post subject: |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #1037 Posted: Wed Dec 26, 2012 11:33 am Post subject: |
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psalm wrote: | Market could find some resistance in the range 5875-5885.....the high made as of now is around 5871......current rate is 5866 |
Now that 5875-85 is taken out...next major resistance will be around 5905-5915....above that 5935-40 could be tested.....let's wait and see if this move sustains above 5875 odd levels....i very much doubt it though... |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #1038 Posted: Wed Dec 26, 2012 11:54 am Post subject: |
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apka, 6000ce OI? |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #1039 Posted: Wed Dec 26, 2012 12:06 pm Post subject: |
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bought 5900 PUT now...around 17.5......stoploss is just below 9..... |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #1040 Posted: Wed Dec 26, 2012 12:14 pm Post subject: |
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sam, be careful. From what I hear, over 10lac 5900pe have been sold.
Instead I will suggest buy 5900ce a few points below cmp |
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #1041 Posted: Wed Dec 26, 2012 12:23 pm Post subject: |
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Just a guess, market will not do much for next a few hours till tomorrow before giving another up surge. being in side line before deciding whether to participate in next upmove or not. Though I think it will move to 5970-75 spot, even chance is there it will be done by tomorrow. |
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #1042 Posted: Wed Dec 26, 2012 12:24 pm Post subject: |
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Also premium is too high, some adjustment is needed. |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #1043 Posted: Wed Dec 26, 2012 12:38 pm Post subject: |
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vinay28 wrote: | sam, be careful. From what I hear, over 10lac 5900pe have been sold.
Instead I will suggest buy 5900ce a few points below cmp |
I'm bearish about the market Vinay....but yes, I wont rule out the possibility of market going up....but I'm still not ready to bet on much upside....that's why bought PUTs.....I know the risk in buying December PUTs...that's why kept a stoploss.....I can afford 8 or 9 rupee stop.....its better than losing 10 or 20 rupees trading futures.... |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #1044 Posted: Wed Dec 26, 2012 12:41 pm Post subject: |
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vinay28 wrote: | sam, be careful. From what I hear, over 10lac 5900pe have been sold.
Instead I will suggest buy 5900ce a few points below cmp |
correct vinay, nearly 20 lakhs, but in dec i seen 2-3 times whenever one side movement and addition in OI comes (except incase of 6000ce), it then moves opposite leading to short covering in that option strike. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #1045 Posted: Wed Dec 26, 2012 12:43 pm Post subject: |
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apka, what's latest OI in 6000ce? |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #1046 Posted: Wed Dec 26, 2012 1:17 pm Post subject: |
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vinay28 wrote: | apka, what's latest OI in 6000ce? |
1.18cr
5900pe 5900ce same now 67 lakhs. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #1047 Posted: Wed Dec 26, 2012 1:20 pm Post subject: |
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apka wrote: | i am feeling setup is to squeeze premium for 5900ce pe further by trading between 5890-5910 on wednesday and then thursday long / short covering should be there. |
hmm |
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rsnerella White Belt
Joined: 30 Jul 2008 Posts: 153
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Post: #1048 Posted: Wed Dec 26, 2012 1:27 pm Post subject: Options OI Data |
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May be we should expire here (588x - 590x) as per options OI. |
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pkholla Black Belt
Joined: 04 Nov 2010 Posts: 2890
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Post: #1049 Posted: Wed Dec 26, 2012 1:36 pm Post subject: |
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rsnerella: "May be we should expire here"
Please be careful with words u use. May give wrong impression to readers!
U mean NF expiry should be here?
Prakash Holla |
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rsnerella White Belt
Joined: 30 Jul 2008 Posts: 153
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Post: #1050 Posted: Wed Dec 26, 2012 1:38 pm Post subject: Options OI Data |
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Prakash: Yes, only probability, not a recommendation for shorts/longs. Just watch. |
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