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Nifty View - January Series 2014 |
apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #511 Posted: Thu Jan 30, 2014 11:43 am Post subject: |
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vinay28 wrote: | yashrahul wrote: | apka wrote: | OI addition in 6050pe 6050ce, 6100ce 6000pe is suggesting we may have a stalemate expiry here near 6060. Let's see what movement comes after europe opens. |
6000 call is also adding oi...6000 is coming it seems.. too early to say we have to wait and watch...otherwise as u said 6060-6050 |
or 6100-6120? |
If europe gets strong after open then maybe. Otherwise doubtful on it because OI addition today is near 50 lakhs to it out of 70 lakhs. And it's today's ATP is right now 3.76. So thats a lot of writing at a very low price. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #512 Posted: Thu Jan 30, 2014 12:05 pm Post subject: |
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apka wrote: | vinay28 wrote: | yashrahul wrote: | apka wrote: | OI addition in 6050pe 6050ce, 6100ce 6000pe is suggesting we may have a stalemate expiry here near 6060. Let's see what movement comes after europe opens. |
6000 call is also adding oi...6000 is coming it seems.. too early to say we have to wait and watch...otherwise as u said 6060-6050 |
or 6100-6120? |
If europe gets strong after open then maybe. Otherwise doubtful on it because OI addition today is near 50 lakhs to it out of 70 lakhs. And it's today's ATP is right now 3.76. So thats a lot of writing at a very low price. |
it will mean writing 6100pe. excellent profit |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #513 Posted: Thu Jan 30, 2014 12:08 pm Post subject: |
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vinay28 wrote: | it will mean writing 6100pe. excellent profit |
you know the bird's mind better than me |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #514 Posted: Thu Jan 30, 2014 1:37 pm Post subject: |
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apka wrote: | vinay28 wrote: | it will mean writing 6100pe. excellent profit |
you know the bird's mind better than me |
all the feb calls and NF are very much below S4 levels while all the puts are very much above R4 level. so upmove seems guaranteed. Of course it may not rule out a quick fire fall to 5950 though I have started doubting it. UNLESS S and R levels change eod today or tmrw. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #515 Posted: Thu Jan 30, 2014 1:55 pm Post subject: |
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On 4/1, I had posted highest and lowest levels of NF, ril, axis, infy and tisco noticed during dummy trading that day (saturday) as also their S4 to R4 levels. Those lowest levels of all that day were more or less met except NF, which was 5630. Such is the game "people" play. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #516 Posted: Thu Jan 30, 2014 2:10 pm Post subject: |
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vinay28 wrote: | apka wrote: | vinay28 wrote: | it will mean writing 6100pe. excellent profit |
you know the bird's mind better than me |
all the feb calls and NF are very much below S4 levels while all the puts are very much above R4 level. so upmove seems guaranteed. Of course it may not rule out a quick fire fall to 5950 though I have started doubting it. UNLESS S and R levels change eod today or tmrw. |
so a recovery to at least S4/S3 levels of 6257/6300 feb fut is not ruled out. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #517 Posted: Thu Jan 30, 2014 2:21 pm Post subject: |
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One may take a chance and go long with tight SL 6020NF |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #518 Posted: Thu Jan 30, 2014 2:32 pm Post subject: |
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This is definitely time to go long for Feb, Governor ko NSA se khabar tha ki tapering hone waala hai so he increased rates from beforehand, his explanation is bullshit that he is fighting inflation.
Now 10MM taper does not matter but its just booking profit and making the weak weaker so i do not see anything below 6000 on convincing basis.
6200CE is my buy for Feb with target of double whereever u buy.
Vinay am i too optimistic? |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #519 Posted: Thu Jan 30, 2014 2:35 pm Post subject: |
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SP50 wrote: | This is definitely time to go long for Feb, Governor ko NSA se khabar tha ki tapering hone waala hai so he increased rates from beforehand, his explanation is bullshit that he is fighting inflation.
Now 10MM taper does not matter but its just booking profit and making the weak weaker so i do not see anything below 6000 on convincing basis.
6200CE is my buy for Feb with target of double whereever u buy.
Vinay am i too optimistic? |
nope. see my earlier posts today |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #520 Posted: Thu Jan 30, 2014 3:05 pm Post subject: |
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vinay28 wrote: | One may take a chance and go long with tight SL 6020NF |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #521 Posted: Thu Jan 30, 2014 3:19 pm Post subject: |
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vinay28 wrote: | vinay28 wrote: | One may take a chance and go long with tight SL 6020NF |
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dragon breath at 3pm |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #522 Posted: Thu Jan 30, 2014 3:23 pm Post subject: |
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apka wrote: | vinay28 wrote: | vinay28 wrote: | One may take a chance and go long with tight SL 6020NF |
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dragon breath at 3pm |
plus today's candle may be a morning star. |
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growrich White Belt
Joined: 16 Aug 2013 Posts: 12
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Post: #523 Posted: Thu Jan 30, 2014 3:34 pm Post subject: |
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vinay
yes morning star ,fingers crossed buddy for tomm.will need a gap up and good solid green close tomm |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #524 Posted: Thu Jan 30, 2014 8:10 pm Post subject: |
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if NS dosn't go and remain above 6200 for 3 days from tmrw, it is going down a lot. may be 5600 by end feb or early march. Also, tmrw's high and candle is crucial. if about 6150/60 is high tmrw and then candle is red, it's also bad. |
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growrich White Belt
Joined: 16 Aug 2013 Posts: 12
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Post: #525 Posted: Thu Jan 30, 2014 8:28 pm Post subject: |
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vinay ,
yes ,the same view here ,any break and EOD close of 5970 on NS there might be waterfall decline to 5600.... but saying that there should be some surprise to trigger that ......and as far that negative suprise trigger ,i am not able find or visualise right now scaning the current news flow...well saying that we have watch for the price action to warn us by giving a EOD close below 5970 NS and importantly as u said tomm close candle carries weight in determining the journey |
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