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Nifty View February |
masa
White Belt
Joined: 06 Jan 2007
Posts: 162
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Post: #736  Posted: Fri Feb 22, 2013 10:08 am Post subject: |
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| Go ahead......... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #737 Posted: Fri Feb 22, 2013 10:20 am Post subject: |
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Market is trading around 5841 now and is not showing any strength at all. It was not surprising to me that we have opened down with a gap. I didn't exit most of my positions yesterday, even though the market went below my trailing stop level. I have decided to carry the position for one more day with the stops I had suggested at first when I reversed my trade. It was 5826 for Nifty Future and 5834 for Nifty spot. I thought Nifty spot stop of 5834 will be triggered first. But to my surprise, Nifty future broke below 5826 this morning.  The opening price was 5825 . Anyway, I'm planning to exit a few more LONGs once we break below 5834. Will exit all my LONGs, once Sensex breaks below 19180, that's my last stop. It could happen today, looking at the way the market is behaving. If the stop is triggered, I wont be initiating any fresh trade today. Will be waiting for next week to have fresh ideas. But since my stop is not so far from current levels, I'm still buying....Let's see when 5834 is taken out.  |
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masa
White Belt
Joined: 06 Jan 2007
Posts: 162
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| Post: #738 Posted: Fri Feb 22, 2013 10:21 am Post subject: |
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| Brought down trilling stop-loss @ 5857. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #739 Posted: Fri Feb 22, 2013 10:49 am Post subject: |
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| today's target can be 5889/94NF |
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manojkr78
Green Belt
Joined: 07 Mar 2011
Posts: 1014
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| Post: #740 Posted: Fri Feb 22, 2013 11:04 am Post subject: |
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Vinay,
Any target for banknifty fut.....
Manoj |
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masa
White Belt
Joined: 06 Jan 2007
Posts: 162
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| Post: #741 Posted: Fri Feb 22, 2013 11:13 am Post subject: |
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| Intraday trilling stop-loss taken out. I still consider today's high might be 5865. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #742 Posted: Fri Feb 22, 2013 11:21 am Post subject: |
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| manojkr78 wrote: | Vinay,
Any target for banknifty fut.....
Manoj |
may be 12150 |
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Andre
White Belt
Joined: 06 Jun 2012
Posts: 220
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| Post: #743 Posted: Fri Feb 22, 2013 11:47 am Post subject: |
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Apka, Vinay....
5900 call and Put is showing very interesting price trend...
5900 CE @38.65 and 5900 PE @78.8 when NS is at 5853....
given these data...what do you thing people are shorting here or buying these strikes..... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #744 Posted: Fri Feb 22, 2013 11:54 am Post subject: |
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| that's because bulls are heavily shorting 5800pe and bears are shorting 5900ce trying to ensure a range of 5815-5885. 5900pe is anyway ITM |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #745 Posted: Fri Feb 22, 2013 12:05 pm Post subject: |
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| vinay28 wrote: | | stevenmat wrote: | @vinay : PCR 0.88 and premium of 1 ????  
I think thats extreme bearishness... if we close red today...i think on the weekly charts we are quite bearish in the near term.. |
enjoy the ride steve!
5820 is a -ww target. Also, unless it falls a great deal today, weekly candle will be an inverted hammer. It is safe as long as it doesn't close below 5820. |
Sorry vinay...i had a calculation mistake...your true ..its not so bad if we close above 5818.. |
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Andre
White Belt
Joined: 06 Jun 2012
Posts: 220
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| Post: #746 Posted: Fri Feb 22, 2013 12:08 pm Post subject: |
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Vinay,
My point is, if ur assumption is correct then depending on which side is more dominant will determine the relative rice....i mean if bears are dominant then the 5900 CE price wud be lower than 5800 pe since nifty is at 5850....give or take 2-3 pints here and there.
since we are seeing higher price of 5900call in comparison to 5800put so i guess there is some buying at this point of time at 5900 CE...
Since i am learning to interpret these data...so pardon my foolishness.....
Regards,
Andre |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #747 Posted: Fri Feb 22, 2013 12:25 pm Post subject: |
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| not at all andre, you could be right but now even FIIs are divided and the situation will change next week |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #748 Posted: Fri Feb 22, 2013 12:28 pm Post subject: |
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| Andre, the ones who are writing 5800pe will try to cover today / monday at lower values. lets see eod where OI stands at. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #749 Posted: Fri Feb 22, 2013 12:38 pm Post subject: |
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| apka, actually OI eod Monday will be interesting |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #750 Posted: Fri Feb 22, 2013 1:53 pm Post subject: |
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| Ive entered march 5800pe @ 75 for trgt 170 or 5650 whichever is earlier. lets see. |
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