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Nifty View - Jan 2013 |
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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Post: #16  Posted: Fri Dec 28, 2012 6:55 pm Post subject: |
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I'm back.....was away from the terminal during the day....will be online from Monday onwards....
NOTE: How dare you Apka....  
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #17 Posted: Fri Dec 28, 2012 9:50 pm Post subject: |
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| Will Nifty Fut be able to cross this trendline on Monday. |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #18 Posted: Fri Dec 28, 2012 10:14 pm Post subject: |
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| Dow setup is such that either it will fall taking along all markets down in this series. But if we go by normal Dow behaviour it should bounce at anytime. Which can help nifty to make a good break out. Make or break situation. Soon it will be clear which way it will be..... |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #19 Posted: Sat Dec 29, 2012 12:38 pm Post subject: |
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| psalm wrote: | I'm back.....was away from the terminal during the day....will be online from Monday onwards....
NOTE: How dare you Apka....
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They made me do it  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #20 Posted: Sat Dec 29, 2012 6:27 pm Post subject: |
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| apka wrote: |
They made me do it |
But still......... 
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #21 Posted: Mon Dec 31, 2012 8:36 am Post subject: |
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I feel we will see much waited 5970-75 spot target today (mostly) or tomorrow  watchout!! Future level would be 6020 around.
One needs to trade with open eyes as market can make sharp reversal if not sustained! |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #22 Posted: Mon Dec 31, 2012 9:26 am Post subject: |
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| Market is still range-bound....trading in a range of 5840-5965 (2% range).....Unless there is any convincing break of any of these levels, there wont be any sustainable moves....a break above 5965 could push the market to 6150 levels with levels around 6000 acting as a minor resistance. On the downside, if 5852 is broken, then we could head all the way to 5700-5725 levels with 5800 offering a minor support. If we start going down, I wont be surprised if we see even much lower levels (I'm still holding for my January targets as I have mentioned a few times earlier) as the global markets are showing weakness for the last few days. Expect a lot of volatility today and tomorrow as the end of the year and beginning of the year respectively (important for quarterly and monthly candles as well).... |
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rsnerella
White Belt
Joined: 30 Jul 2008
Posts: 153
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| Post: #23 Posted: Mon Dec 31, 2012 9:41 am Post subject: Bear month (January) |
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| What is your targets psalm? I came recently. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #24 Posted: Mon Dec 31, 2012 9:53 am Post subject: Re: Bear month (January) |
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| rsnerella wrote: | | What is your targets psalm? I came recently. |
I expect the market to test 5330-5250 by the end of January.....but the resilience shown by the markets across the globe is making my life as a bear very very difficult......but I consider it as a ploy by the key players to upset the weaker hands....anyway, let's wait and see where we're headin from here....  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #25 Posted: Mon Dec 31, 2012 9:58 am Post subject: |
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| Sam, considering that IV is about 15%, limits for Jan are 5700 and 6200. So IV will have to go up to 30 or more for 5300 to come in Jan |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #26 Posted: Mon Dec 31, 2012 10:03 am Post subject: |
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| vinay28 wrote: | | Sam, considering that IV is about 15%, limits for Jan are 5700 and 6200. So IV will have to go up to 30 or more for 5300 to come in Jan |
To be frank, I have no idea about those calculations, Vinay....but I know one thing Volatility is like a Chain Reaction....wont take much time to multiply... |
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rsnerella
White Belt
Joined: 30 Jul 2008
Posts: 153
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| Post: #27 Posted: Mon Dec 31, 2012 10:07 am Post subject: Options OI Data |
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| As per options OI, I mentioned earlier that the range could be 5800 (lower side) and 6100 (max on higher side). If market trends, then option writers will loose. But let' market decide where it want to go. Long straddle 5800 PE & 6000 CE (@109) can be a good option for this month. Last month it was short straddle (5900 PE & CE @150) |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #28 Posted: Mon Dec 31, 2012 10:13 am Post subject: Re: Options OI Data |
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| rsnerella wrote: | | As per options OI, I mentioned earlier that the range could be 5800 (lower side) and 6100 (max on higher side). If market trends, then option writers will loose. But let' market decide where it want to go. Long straddle 5800 PE & 6000 CE (@109) can be a good option for this month. Last month it was short straddle (5900 PE & CE @150) |
Yup...long straddle looks a good option... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #29 Posted: Mon Dec 31, 2012 10:15 am Post subject: |
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| I would suggest 5800pe and 6100ce as more precise levels are 5715 and 6195. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #30 Posted: Mon Dec 31, 2012 10:37 am Post subject: |
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Friday's Harami candle is giving an impression that a big move is coming....let's wait and watch for the direction....  |
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