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NIFTY VIEW - November |
SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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Post: #346  Posted: Fri Nov 16, 2012 2:06 pm Post subject: |
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| apka wrote: | | taxmann50 wrote: | | apka wrote: | | 5800ce OI touching 99 lakhs |
What do you make of the addition in open interest in the 5700 puts all morning today apka ji? |
5700pe was having low addition of about 1-2 lakhs, same as 5600ce in mrng. now 5700pe is having 3.5 lakh addition and 5600ce 2.25 lakh.. not much to make from it.
Nifty is +15, Nifty fut is ony 0.1% up.. and VIX gone negative again, so 5700ce is seeing negative net change. |
Its a merry go round once again... |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #347 Posted: Fri Nov 16, 2012 2:08 pm Post subject: |
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| vinay28 wrote: | | apka, pl keep track of OI in 5800/5900ce from today |
yes vinay |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #348 Posted: Fri Nov 16, 2012 2:11 pm Post subject: |
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| taxmann50 wrote: |
Its a merry go round once again... |
the high we made in the morning was taken out...which is a good sign....now an hourly close above 5665 might give the market another firm push I feel. |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #349 Posted: Fri Nov 16, 2012 2:16 pm Post subject: |
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| psalm wrote: | | taxmann50 wrote: |
Its a merry go round once again... |
the high we made in the morning was taken out...which is a good sign....now an hourly close above 5665 might give the market another firm push I feel. |
Samji have you booked profits on your 5700 puts? I am still holding some.  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #350 Posted: Fri Nov 16, 2012 2:19 pm Post subject: |
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| taxmann50 wrote: | | psalm wrote: | | taxmann50 wrote: |
Its a merry go round once again... |
the high we made in the morning was taken out...which is a good sign....now an hourly close above 5665 might give the market another firm push I feel. |
Samji have you booked profits on your 5700 puts? I am still holding some. |
Nope....not yet....  |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #351 Posted: Fri Nov 16, 2012 2:21 pm Post subject: |
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| psalm wrote: | | taxmann50 wrote: | | psalm wrote: | | taxmann50 wrote: |
Its a merry go round once again... |
the high we made in the morning was taken out...which is a good sign....now an hourly close above 5665 might give the market another firm push I feel. |
Samji have you booked profits on your 5700 puts? I am still holding some. |
Nope....not yet.... |
Right, |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #352 Posted: Fri Nov 16, 2012 2:35 pm Post subject: |
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| Samji have you tracked yesbank lately? On Muharat trading it made a high of 504 (Freak trade I guess), is there any opportunity there you see? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #353 Posted: Fri Nov 16, 2012 2:49 pm Post subject: |
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| taxmann50 wrote: | | Samji have you tracked yesbank lately? On Muharat trading it made a high of 504 (Freak trade I guess), is there any opportunity there you see? |
I was expecting a target around 435-440 levels earlier....now, after that freak trade, I feel that the stock may go down....I'm aobut to sell a lot around current levels...the stock is weak now as it has broken below 416......let's see how it does from here...I have immediate targets of 404 and 399...however, I expect levels of 388 in the short term....that means another 7% or so frm current levels...in the medium term, I wont be surprised to see the stock testing 365 or even 345 levels where it has its key supports now....anyway, my stoploss as of now is just above 423... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #354 Posted: Fri Nov 16, 2012 3:04 pm Post subject: |
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| I feel one should cover shorts in nifty and banknifty. One can short again if day seems to close below 5575 |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #355 Posted: Fri Nov 16, 2012 3:06 pm Post subject: |
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| Yesterday, I had mentioned about DAX testing 6950 levels....currently the index is trading around 6985...the low made as of now is around 6975....if 6950 is not held, there is chance for another 100 to 150 point correction.....but as of now, it looks like 6950 might be held... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #356 Posted: Fri Nov 16, 2012 3:09 pm Post subject: |
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| vinay28 wrote: | | I feel one should cover shorts in nifty and banknifty. One can short again if day seems to close below 5575 |
I see support for Nifty FUTURE in the range 5580-5570...so, if somebody is short, there is nothing wrong in covering (if you're cautious and wants to protect your profits)....cos, holding them weekend could give you heartaches.... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #357 Posted: Fri Nov 16, 2012 3:13 pm Post subject: |
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| I have covered half of my 5700 PUTs now.... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #358 Posted: Fri Nov 16, 2012 3:14 pm Post subject: |
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| it's risky to carry shorts over weekend |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #359 Posted: Fri Nov 16, 2012 3:16 pm Post subject: |
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now i see that the 5600 puts which i bought for 56..and sold for 16 has become 68 ... its a day of mourning for me 
i know "dont get emotional about stocks" |
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satishkadam
Yellow Belt
Joined: 01 Apr 2010
Posts: 805
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| Post: #360 Posted: Fri Nov 16, 2012 3:17 pm Post subject: |
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| satishkadam wrote: | | apka wrote: | As per below chart, require friday's closing above 5608. A close below it breaks the closing basis rising weekly trendline. A break below it would mean nifty will need to consolidate and find a new channel.
Confusion in trend continues because:
[2] FNO suggests bearish build up, more writing in calls, and shedding of OI in puts. Even nifty fut shedded OI today after adding +12 lakh shares intraday, EOD it was -13 lakh shares. Total nifty OI dropped to a very low 1.69 cr shares.
[3] But, on the other hand DOW, DAX, EURO are having positive divergence built since last 10 days or so and have somewhat corrected 7-10%. Plus INR appreciated in the end today from 55 levels to 54.70-80. So, there is good chance world market starts recovering from tomorrow / next week.
[4] However, VIX after making weekly inverted hammers, has risen to 16-17 levels as expected and mostly calls are seeing premium in both stocks and nifty with good build up in calls. So, it would make sense to utilize the premium by creating a fall and eating it. |
Looks like.. market will go down................its not able to sustain... FII have also slowed down... money pumping............
Thanks
Satish |
As Said Market has come down..................it was not able to sustain @ High level. BN @ 11345. nf @ 5578.....
Enjoy the ride....  |
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