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Nifty View- May 2013 |
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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Post: #541  Posted: Thu May 16, 2013 8:17 am Post subject: |
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| masa wrote: | | 6200 CE OI slightly reduced but still higher OI @ 6200 CE OI and 5800 PE |
6200ce just showed power during the 130 point fall and that also vanished same day by shedding OI EOD and staying below 80 lakh OI. Now its under 70 lakhs OI.
6400ce OI on the hand has more than doubled to 48 lakh.
all puts added huge OI. and huge shedding in 6000ce.
this series cant be judged by FNO, heavy position changing everyday. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #542 Posted: Thu May 16, 2013 8:30 am Post subject: |
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| EssJay wrote: | Vinay,
Very good. Lucid and succint. Hence I propose to the following today.
If nifty opens flat buy June 6300CE and 6000 PE.
If opens gap buy the put and wait for suitable dip to buy CE.
All these are for June because I feel after manipulating vix to such highs and selling options at high costs, they may kill the volatility so all premiums lose value.
Your take on the strategy?  ? Ya  ? |
Nifty going towards North Pole.
Don't ever forget it. Notwithstandng wild up and down moves, it's risky to buy puts as intraday "they" can write them heavily and we won't see much rise unless either you get out every 10% rise OR you are lucky to buy at top and get a sharp fall like on Monday, which is doubtful. Also, 6000pe is too OTM and 6200 or 6100 is better. In addition, vix may not be killed so early as that is where the money is for them. Just imagine how many bulls were caught on wrong foot on Monday and how many bears yesterday. VIX is a great tool for "them". 17000 cr inflow in 11 days. Add to that effect of further aggressive rate cut, good monsoon prospects, commodities crash and most importantly, upgrading of India by 2% by MSCI, which is likely early June. All hell may break loose if all thee happen, which is a near-reality. |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #543 Posted: Thu May 16, 2013 9:43 am Post subject: |
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| Reliance above 825, is it going to be the key for NIFTY now or it will be slow? |
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apka
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Posts: 6137
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| Post: #544 Posted: Thu May 16, 2013 9:46 am Post subject: |
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Bank nifty ... under 50 points away from all time high  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #545 Posted: Thu May 16, 2013 10:01 am Post subject: |
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| SP50 wrote: | | Reliance above 825, is it going to be the key for NIFTY now or it will be slow? |
832/40 possible |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #546 Posted: Thu May 16, 2013 10:28 am Post subject: |
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| vix high 18.51 |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #547 Posted: Thu May 16, 2013 10:37 am Post subject: |
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| 6100 ce high "329" .. |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #548 Posted: Thu May 16, 2013 10:41 am Post subject: |
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| vinay28 wrote: | | SP50 wrote: | | Reliance above 825, is it going to be the key for NIFTY now or it will be slow? |
832/40 possible |
BOOM BOOM |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #549 Posted: Thu May 16, 2013 10:47 am Post subject: |
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| SP50 wrote: | | vinay28 wrote: | | SP50 wrote: | | Reliance above 825, is it going to be the key for NIFTY now or it will be slow? |
832/40 possible |
BOOM BOOM |
 next possible 850 |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #550 Posted: Thu May 16, 2013 10:48 am Post subject: |
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| vinay28 wrote: | | SP50 wrote: | | vinay28 wrote: | | SP50 wrote: | | Reliance above 825, is it going to be the key for NIFTY now or it will be slow? |
832/40 possible |
BOOM BOOM |
next possible 850 |
Amazing, |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #551 Posted: Thu May 16, 2013 11:59 am Post subject: |
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Will 6200 come today?
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #552 Posted: Thu May 16, 2013 12:23 pm Post subject: |
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| SP50 wrote: | | Will 6200 come today? |
Tax: 6196.95 tak pahuncha to hai. Kyon? Kya koi significance hai kya? Kya aap ne Sivakasi se fatakra la rakha hai?
(Jab BSE 6000, 8000 etc paar karta tha, Dalal Street pe chalne walo ko noise pollution, asthma on account of 20' "sarp" fatakra!) Prakash Holla |
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SP50
Brown Belt
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Posts: 1615
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| Post: #553 Posted: Thu May 16, 2013 12:24 pm Post subject: |
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| pkholla wrote: | | SP50 wrote: | | Will 6200 come today? |
Tax: 6196.95 tak pahuncha to hai. Kyon? Kya koi significance hai kya? Kya aap ne Sivakasi se fatakra la rakha hai?
(Jab BSE 6000, 8000 etc paar karta tha, Dalal Street pe chalne walo ko noise pollution, asthma on account of 20' "sarp" fatakra!) Prakash Holla |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #554 Posted: Thu May 16, 2013 12:48 pm Post subject: |
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| riteshucha wrote: | | 6100 ce high "329" .. |
This is something extraordinary, either traders were drunk or there is a possibility of 6400 by May expiry.
On the flip side this can be confirmed by the 6100 daily chart to see the volume at that level. 99% technical glitch,  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #555 Posted: Thu May 16, 2013 1:21 pm Post subject: |
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| riteshucha wrote: | | 6100 ce high "329" .. |
that's the hint, which can not be ignored.  |
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