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Nifty View February
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Nifty View February

apka
Black Belt

Joined: 13 Dec 2011
Posts: 6137

Post: #916 Posted: Tue Feb 26, 2013 9:35 pm Post subject:

buying and supply zones

vinay28
Black Belt

Joined: 24 Dec 2010
Posts: 11748

Post: #917

Posted: Tue Feb 26, 2013 10:06 pm Post subject:

apka wrote:

buying and supply zones

oh and how do you find them?

apka
Black Belt

Joined: 13 Dec 2011
Posts: 6137

Post: #918

Posted: Tue Feb 26, 2013 10:13 pm Post subject:

vinay28 wrote:

apka wrote:

buying and supply zones

oh and how do you find them?

I guess he means both sides will get chances .. so as per your own reading of supports and resistences .. Laughing

skd2012
Yellow Belt

Joined: 03 Oct 2012
Posts: 948

Post: #919

Posted: Wed Feb 27, 2013 6:28 am Post subject:

apka wrote:

vinay28 wrote:

apka wrote:

buying and supply zones

oh and how do you find them?

I guess he means both sides will get chances .. so as per your own reading of supports and resistences .. Laughing

I guess he meant this - use any oscillator with 5 mins chart. and As per oscillator, use over bought and over sold situation to take position on that day. Jut trying to tell meaning.,

vinay28
Black Belt

Joined: 24 Dec 2010
Posts: 11748

Post: #920 Posted: Wed Feb 27, 2013 9:41 am Post subject:

still not clear! but anyway, I am going to slowly accumulate 5900ce for a target of 40.

SP50
Brown Belt

Joined: 26 Nov 2010
Posts: 1615

Post: #921 Posted: Wed Feb 27, 2013 10:28 am Post subject:

Is it feasible to go long now with yesterday's low as stop? Also market looks oversold.

skd2012
Yellow Belt

Joined: 03 Oct 2012
Posts: 948

Post: #922

Posted: Wed Feb 27, 2013 10:39 am Post subject:

taxmann50 wrote:

Is it feasible to go long now with yesterday's low as stop?

Also market looks oversold.

Some more down side may be still left still. watchout price action 20-30 points lower than current level.

skd2012
Yellow Belt

Joined: 03 Oct 2012
Posts: 948

Post: #923

Posted: Wed Feb 27, 2013 10:42 am Post subject:

sw_das wrote:

taxmann50 wrote:

Is it feasible to go long now with yesterday's low as stop?

Also market looks oversold.

Some more down side may be still left still. watchout price action 20-30 points lower than current level.

I must tell this...whatever you do, do with SL Smile

stinky market.

sonshu101
White Belt

Joined: 24 Nov 2011
Posts: 79

Post: #924 Posted: Wed Feb 27, 2013 10:46 am Post subject:

@Apka: Bro what is OI status? from 5700 to 5800 options ??

SP50
Brown Belt

Joined: 26 Nov 2010
Posts: 1615

Post: #925 Posted: Wed Feb 27, 2013 10:52 am Post subject:

Because of expiry day budget the feb out of the money worthless options are priced as gold, They should not have had the budget on the expiry.

apka
Black Belt

Joined: 13 Dec 2011
Posts: 6137

Post: #926

Posted: Wed Feb 27, 2013 10:54 am Post subject:

taxmann50 wrote:

Is it feasible to go long now with yesterday's low as stop?

Also market looks oversold.

taxmann dont go by oversold... market was overbought for 4-5 months, it didnt stop... right now technical levels + sentiments.

Again fut march and feb made new low. IT index down now.

SP50
Brown Belt

Joined: 26 Nov 2010
Posts: 1615

Post: #927

Posted: Wed Feb 27, 2013 11:00 am Post subject:

apka wrote:

taxmann50 wrote:

Is it feasible to go long now with yesterday's low as stop?

Also market looks oversold.

taxmann dont go by oversold... market was overbought for 4-5 months, it didnt stop... right now technical levels + sentiments.

Again fut march and feb made new low. IT index down now.

Yes Apka its true,

apka
Black Belt

Joined: 13 Dec 2011
Posts: 6137

Post: #928

Posted: Wed Feb 27, 2013 11:00 am Post subject:

sonshu101 wrote:

@Apka: Bro what is OI status? from 5700 to 5800 options ??

5700 strike hasnt developed any significant indication. puts are more than calls at 5700 but put OI is not very high to make 5700 as support.

5800ce pe is neutral right now. but calls are adding more and more OI.

last few days FII have been shorting Index futures. And since march fut is adding higher OI from monday its avg is coming near 5850 or so for now.

sonshu101
White Belt

Joined: 24 Nov 2011
Posts: 79

Post: #929

Posted: Wed Feb 27, 2013 11:03 am Post subject:

apka wrote:

sonshu101 wrote:

@Apka: Bro what is OI status? from 5700 to 5800 options ??

As per OI 5800 was support, below 5800 next support near 5600. I think we are going to see fall tomorrow..

apka
Black Belt

Joined: 13 Dec 2011
Posts: 6137

Post: #930

Posted: Wed Feb 27, 2013 11:08 am Post subject:

sonshu101 wrote:

apka wrote:

sonshu101 wrote:

@Apka: Bro what is OI status? from 5700 to 5800 options ??

As per OI 5800 was support, below 5800 next support near 5600. I think we are going to see fall tomorrow..

best support was 5900. 5900pe OI was nnear above 85 lakhs.. after breaching it nifty kept making new lows so OI in 5800pe remained near 70-75 lakhs EOD max without major addition saw it was cautious.. and yesterday it saw short covering.

If today 5800pe doesnt see short covering again, then chance for us to cross 5800 once tomorrow.

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