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Nifty View - December |
saumya12 Brown Belt
Joined: 21 Dec 2011 Posts: 1509
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Post: #271 Posted: Thu Dec 06, 2012 1:59 pm Post subject: |
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vinay28 wrote: | nifty is forming a AT |
AT bole to!!!
You mean ascending triangle |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #272 Posted: Thu Dec 06, 2012 2:09 pm Post subject: |
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yes saumya and it has BO. Target 5886/96 |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #273 Posted: Thu Dec 06, 2012 2:09 pm Post subject: |
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wow nifty fut jumped like 10 points and 5800pe was going 42 41 40 and in 1 second flipped to 34.65 and back to 40.. what a scene |
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saumya12 Brown Belt
Joined: 21 Dec 2011 Posts: 1509
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Post: #274 Posted: Thu Dec 06, 2012 2:11 pm Post subject: |
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apka wrote: | saumya12 wrote: | Very confusing
What does all this mean, apka |
It means (to me), put writers are covering their shorts expecting fall in market and call writers letting more calls being written and with heavy premium there... call wirting will be done and premium will be eaten whether by falling or just keeping the market range bound. |
Thanks apka to clear the confusion.
What I got is
More the OI in an option series, more the chance of market moving away from that option and more the shedding more the chance of moving towards it.
It is just like north and south pole and attraction and repulsion property of a magnet.
In simple words, if you add (attract) more OI it will repel and if you will shed (repel) more OI it will attract towards it. |
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #275 Posted: Thu Dec 06, 2012 2:13 pm Post subject: |
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sw_das wrote: | If LS runs well full recovery is possible I think. But one can go wrong in sensing intraday moves |
Some recovery comes. full or not, we will have to wait till close All these might be part of distribution of bigger move, which would come lot later |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #276 Posted: Thu Dec 06, 2012 2:15 pm Post subject: |
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saumya12 wrote: | apka wrote: | saumya12 wrote: | Very confusing
What does all this mean, apka |
It means (to me), put writers are covering their shorts expecting fall in market and call writers letting more calls being written and with heavy premium there... call wirting will be done and premium will be eaten whether by falling or just keeping the market range bound. |
Thanks apka to clear the confusion.
What I got is
More the OI in an option series, more the chance of market moving away from that option and more the shedding more the chance of moving towards it.
It is just like north and south pole and attraction and repulsion property of a magnet.
In simple words, if you add (attract) more OI it will repel and if you will shed (repel) more OI it will attract towards it. |
....I didn't understand anything.......by the way, I'm not good at biology from the school days itself..... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #277 Posted: Thu Dec 06, 2012 2:17 pm Post subject: |
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apka wrote: | psalm wrote: | vinay28 wrote: | sam, check euro-INR chart, which gives real indication |
Vinay, I'll check it today itself after the market hours. But I'm posting the Monthly chart of EURINR.....look like something big is about to happen....I'm not giving much value to the breakout as its too early to comment (as we've just begun Dec).... |
USD INR where rupee goes from 53 to 55 is considered depreciation and bad for market... here INR depreciating against euro.. will mean what ? |
It all points to rupee weakness, Apka....I mean rupee is getting weak against all the major currencies..... |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #278 Posted: Thu Dec 06, 2012 2:19 pm Post subject: |
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magnet, poles, options ........ very confusing. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #279 Posted: Thu Dec 06, 2012 2:19 pm Post subject: |
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saumya12 wrote: | apka wrote: | saumya12 wrote: | Very confusing
What does all this mean, apka |
It means (to me), put writers are covering their shorts expecting fall in market and call writers letting more calls being written and with heavy premium there... call wirting will be done and premium will be eaten whether by falling or just keeping the market range bound. |
Thanks apka to clear the confusion.
What I got is
More the OI in an option series, more the chance of market moving away from that option and more the shedding more the chance of moving towards it.
It is just like north and south pole and attraction and repulsion property of a magnet.
In simple words, if you add (attract) more OI it will repel and if you will shed (repel) more OI it will attract towards it. |
Yes, saumya. But its not a hardcore rule. It's how the game of Option is. People who write will only benefit if the premium loses - the difference is their profit. If the price goes above their written price their loss scope is unlimited.
Seeing 6000 being near, 20 month back top was 5945.. premium being heavy.. now shorters may take this opportunity .. based on these I feel so. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #280 Posted: Thu Dec 06, 2012 2:21 pm Post subject: |
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I have shorted again.. 5880 spot.. not expecting 5905 to be crossed. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #281 Posted: Thu Dec 06, 2012 2:24 pm Post subject: |
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SL for short (a) 5919 on 15tf or (b) 5956 on 1hr tf. Both NF values |
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saumya12 Brown Belt
Joined: 21 Dec 2011 Posts: 1509
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Post: #282 Posted: Thu Dec 06, 2012 2:26 pm Post subject: |
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Thanks apka. |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #283 Posted: Thu Dec 06, 2012 2:27 pm Post subject: |
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apka wrote: | I have shorted again.. 5880 spot.. not expecting 5905 to be crossed. |
Looks like a good one to me... |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #284 Posted: Thu Dec 06, 2012 2:28 pm Post subject: |
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saumya12 wrote: | Thanks apka. |
sab mujhe apka bulate... lekin kya hoon mein apka |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #285 Posted: Thu Dec 06, 2012 2:29 pm Post subject: |
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apka wrote: | saumya12 wrote: | Thanks apka. |
sab mujhe apka bulate... lekin kya hoon mein apka |
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