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Nifty View - January Series 2014 |
yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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Post: #241  Posted: Tue Jan 14, 2014 12:13 pm Post subject: |
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| vinay28 wrote: | | yashrahul wrote: | | Vinay 28:I am unable to understand please give ur views... i might be totally wrong...6100 call for january which is atleast 150 points on the nifty from where we are now has started cutting oi..till now it has cut 1,43,150 that is close to 10% of overall oi...such calls are generally held by FIIs...is it unwinding by FIIS as they don't see the markets rally any further...i might be wrong and it might be exactly opposite..i need ur views on this...thank you |
you are right. some FIIs are not sure about market in near term. so basically it is a question of who is stronger among FIIs, bulls or bear. Probably, eod today we should know. BUT you should also watch change in OI vis-a-vis price for 6100, 6200 and 6300 ce. This is because in case of a rise, 6100ce will not rise by same % as 6200/6300ce. So it could be just a shift to higher ce if nifty is going to go up. |
I feel That highs are done for this month and above 6300 on a closing basis seems unlikely hence 6100 january call unwinding assumes significance for me |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #242 Posted: Tue Jan 14, 2014 12:18 pm Post subject: |
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| yashrahul wrote: | | I feel That highs are done for this month and above 6300 on a closing basis seems unlikely hence 6100 january call unwinding assumes significance for me |
anything is possible. It's always a matter of breaking some level on the up or down. |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #243 Posted: Tue Jan 14, 2014 12:21 pm Post subject: |
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| vinay28 wrote: | | yashrahul wrote: | | I feel That highs are done for this month and above 6300 on a closing basis seems unlikely hence 6100 january call unwinding assumes significance for me |
anything is possible. It's always a matter of breaking some level on the up or down. |
Correct Vinay...anything is always possible in the markets...depends on which level gets taken out..............anyway....thanks for your views  |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #244 Posted: Tue Jan 14, 2014 12:42 pm Post subject: |
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| vinay28 wrote: | | yashrahul wrote: | | I feel That highs are done for this month and above 6300 on a closing basis seems unlikely hence 6100 january call unwinding assumes significance for me |
anything is possible. It's always a matter of breaking some level on the up or down. |
Yashrahul ! By making markets to move in range bound with a down side bias as dominant phenomena( like today) . Institutes may as well un wind there6100 call positions for thrusting up markets at a later time (at a convenient time for them);We have to track /grasp/identify their timing. But for them they themselves are market makers and when ever they feel comfortable, they can make the market to move up in a ziff like yesterday.
They hate day traders, short term traders a lot for the reason that they feel that with miniscule amounts of money these people try to exploit market movements and try to make money. Market makers feel that what ever wealth is created in the market 'legitimately' belongs to them and they see day traders as stealers of their money. Of course they make sure that if the wealth is destroyed then it certainly owned by investors/public not by them( that's what happening in US right now).
That's why they always adapt jackal tactics and don't allow us to read their minds at least not so easily. We need to interpolate, analyze and give proper weightage to so many factors and then only we MIGHT be able to read their intentions, and also with one pointer they show you south and at the same time with another pointer they show you north and finally they may keep on moving east west directions with out going either south or north.
You may interpret shedding of 6100 CE as an indication for no upside. I may see it as a preparation for making an up move. The interpretation should be made based on specific time and space and also the context that we are in.
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #245 Posted: Tue Jan 14, 2014 12:52 pm Post subject: |
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| Amen! |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #246 Posted: Tue Jan 14, 2014 1:05 pm Post subject: |
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| rk_a2003 wrote: | | vinay28 wrote: | | yashrahul wrote: | | I feel That highs are done for this month and above 6300 on a closing basis seems unlikely hence 6100 january call unwinding assumes significance for me |
anything is possible. It's always a matter of breaking some level on the up or down. |
Yashrahul ! By making markets to move in range bound with a down side bias as dominant phenomena( like today) . Institutes may as well un wind there6100 call positions for thrusting up markets at a later time (at a convenient time for them);We have to track /grasp/identify their timing. But for them they themselves are market makers and when ever they feel comfortable, they can make the market to move up in a ziff like yesterday.
They hate day traders, short term traders a lot for the reason that they feel that with miniscule amounts of money these people try to exploit market movements and try to make money. Market makers feel that what ever wealth is created in the market 'legitimately' belongs to them and they see day traders as stealers of their money. Of course they make sure that if the wealth is destroyed then it certainly owned by investors/public not by them( that's what happening in US right now).
That's why they always adapt jackal tactics and don't allow us to read their minds at least not so easily. We need to interpolate, analyze and give proper weightage to so many factors and then only we MIGHT be able to read their intentions, and also with one pointer they show you south and at the same time with another pointer they show you north and finally they may keep on moving east west directions with out going either south or north.
You may interpret shedding of 6100 CE as an indication for no upside. I may see it as a preparation for making an up move. The interpretation should be made based on specific time and space and also the context that we are in.
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thanks |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #247 Posted: Tue Jan 14, 2014 1:25 pm Post subject: |
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| ril and infy supporting nifty. Banknifty yet to add muscle. May be after 1.45pm. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #248 Posted: Tue Jan 14, 2014 2:30 pm Post subject: |
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| vinay28 wrote: | | ril and infy supporting nifty. Banknifty yet to add muscle. May be after 1.45pm. |
seeing some rise in banknifty.
vix has broken the previous low. If it crashes like yesterday, we may see a sharp rise. I would love to see 6334NF tody itself. But a tall order as of now. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #249 Posted: Tue Jan 14, 2014 2:39 pm Post subject: |
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| infy flying like a kite |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #250 Posted: Tue Jan 14, 2014 2:40 pm Post subject: |
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| vinay28 wrote: | | vinay28 wrote: | | ril and infy supporting nifty. Banknifty yet to add muscle. May be after 1.45pm. |
seeing some rise in banknifty.
vix has broken the previous low. If it crashes like yesterday, we may see a sharp rise. I would love to see 6334NF tody itself. But a tall order as of now. |
Market players want to hold these levels for today...dow bounces back tomorrow asian markets open gap up..we follow them and you get your 6334NF....i want the opposite...we close somewhere close to 6220 today(which looks a tall order now)...dow crashes again today..we open gap down and i get my 6150 not today tomorrow...but believe me your 6334NF seems more likely tomorrow |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #251 Posted: Tue Jan 14, 2014 4:49 pm Post subject: |
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| no explanation required |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #252 Posted: Wed Jan 15, 2014 8:57 am Post subject: |
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| I feel one can go long around 6230/20NS though there is a remote chance of seeing 6225NF. May be a good upmove today. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #253 Posted: Wed Jan 15, 2014 12:00 pm Post subject: |
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| good wpi nos. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #254 Posted: Wed Jan 15, 2014 7:17 pm Post subject: |
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| Year's highest close will give some hopes to bulls who are hoping for a new high tmrw itself. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #255 Posted: Thu Jan 16, 2014 10:09 am Post subject: |
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| Banknifty can go up by 400. |
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