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Nifty View - January Series 2014 |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #286  Posted: Mon Jan 20, 2014 8:17 pm Post subject: |
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| make your own judgement |
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vpk_786
White Belt
Joined: 25 Nov 2013
Posts: 31
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| Post: #287 Posted: Mon Jan 20, 2014 8:29 pm Post subject: |
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| vinay28 wrote: | | make your own judgement |
Hi Vinay, looking at the current scenario & expecting big move (upside or down), do you think strangle strategy for nifty would make sense. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #288 Posted: Mon Jan 20, 2014 8:34 pm Post subject: |
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| vpk_786 wrote: | | vinay28 wrote: | | make your own judgement |
Hi Vinay, looking at the current scenario & expecting big move (upside or down), do you think strangle strategy for nifty would make sense. |
I don't do it but if it is going to be a strong up/down trend, it is best to buy calls or puts. I am heavily long. |
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vpk_786
White Belt
Joined: 25 Nov 2013
Posts: 31
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| Post: #289 Posted: Mon Jan 20, 2014 8:38 pm Post subject: |
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| vinay28 wrote: | | vpk_786 wrote: | | vinay28 wrote: | | make your own judgement |
Hi Vinay, looking at the current scenario & expecting big move (upside or down), do you think strangle strategy for nifty would make sense. |
I don't do it but if it is going to be a strong up/down trend, it is best to buy calls or puts. I am heavily long. |
Thank you Vinay |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #290 Posted: Mon Jan 20, 2014 9:32 pm Post subject: |
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| one more chart |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #291 Posted: Tue Jan 21, 2014 1:16 pm Post subject: |
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6350 PE OI is up 72%... (is it buying or shorting, can never figure out)
yest 6300 PE was up by 50% mid way and mkt jumped later half.. looks like a similar jump up is coming.. |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #292 Posted: Tue Jan 21, 2014 3:03 pm Post subject: |
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| NF likely to be NR7 |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #293 Posted: Tue Jan 21, 2014 3:07 pm Post subject: |
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| saumya12 wrote: | | NF likely to be NR7 |
Expecting gap up open tmrw. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #294 Posted: Tue Jan 21, 2014 4:09 pm Post subject: |
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| yesterday's chart updated with some additions. IMHO, only a break out above previous high i.e. about 6360 will give hope to bulls. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #295 Posted: Tue Jan 21, 2014 7:36 pm Post subject: |
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Very low FII purchase figure, today's candle and sharp fall in INR in afternoon is worrying. I wonder whether newly started interest fut trading had anything to do with it. Dollar index went to 81.37 (or may be a bit more) and if it takes out 81.40 forcefully, it could go to 83.5 and INR 63.5.
Only way out is a gap up open and zoom up.  |
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ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
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| Post: #296 Posted: Tue Jan 21, 2014 8:24 pm Post subject: |
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| saumya12 wrote: | | NF likely to be NR7 |
saumya what is NR7 and how we get it. |
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rkchart
White Belt
Joined: 13 Nov 2012
Posts: 18
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| Post: #297 Posted: Tue Jan 21, 2014 9:26 pm Post subject: |
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NR7 is based on the high-low price range that is the smallest of the prior six days (seven days total). When an NR7 occurs, it means that today's price is the narrowest of the seven days.
Similarly we have NR4. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #298 Posted: Tue Jan 21, 2014 9:27 pm Post subject: |
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| enjoy |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #299 Posted: Tue Jan 21, 2014 9:58 pm Post subject: |
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Vinay 28:See even the pic is trying to tell you not to be overly Bullish  |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #300 Posted: Tue Jan 21, 2014 10:04 pm Post subject: |
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| vinay28 wrote: | | saumya12 wrote: | | NF likely to be NR7 |
Expecting gap up open tmrw. |
Gap Up
IMO, no chance
I am looking for a gap down.
Todays candlesticks is a doji, and I afraid, it may not convert into an evening star tomorrow.
I am looking for less than 6250 NF levels, may be about 6230 - 6200, tomorrow or day after, as a result of a bearish pattern.
NF tried hard to move above 6250, today and yesterday, to cancel this bearish pattern, but failed, repeatedly. Just couldnt sustain even at 6240.
Tomorrow will be last chance for cancellation of this bearish pattern.
Let us see, what happens tomorrow. |
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