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NIFTY VIEW - November |
apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #571 Posted: Thu Nov 22, 2012 10:43 am Post subject: |
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on screen price action, selling pressure is still there.. continuous buying is not seen yet. |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #572 Posted: Thu Nov 22, 2012 10:46 am Post subject: |
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apka wrote: | on screen price action, selling pressure is still there.. continuous buying is not seen yet. |
Looks bad to me as much I understand, |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #573 Posted: Thu Nov 22, 2012 10:59 am Post subject: |
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My friends from different broker houses are talking of 5400 NS soon, so people are aware of the chances inspite of the various 6000plus targets out on the news, air needs to clear out |
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stevenmat White Belt
Joined: 27 Dec 2011 Posts: 478
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Post: #574 Posted: Thu Nov 22, 2012 11:55 am Post subject: |
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i have half a mind to buy 5400 DEC Puts and forget about it.. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #575 Posted: Thu Nov 22, 2012 12:01 pm Post subject: |
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as of now 5500 is in control of bulls while 5700 is incontrol of bears. The fight is on for 5600.
apka, pl confirm |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #576 Posted: Thu Nov 22, 2012 12:07 pm Post subject: |
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stevenmat wrote: | i have half a mind to buy 5400 DEC Puts and forget about it.. |
wont be a bad idea....but if you want to forget about them after buying, then don't commit too much money.... |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #577 Posted: Thu Nov 22, 2012 12:47 pm Post subject: |
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All now depends on how europe goes this afternoon, |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #578 Posted: Thu Nov 22, 2012 12:52 pm Post subject: |
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vinay28 wrote: | as of now 5500 is in control of bulls while 5700 is incontrol of bears. The fight is on for 5600.
apka, pl confirm |
yeh 5500pe has highest OI as of now.
valuewise 5600ce and 5600pe are neck to neck.
5700ce writers have enjoyed price of 115 to 7 yesterday. So they should be looking to unwind today. If they don't, then resistence will prevail going up. Already added 6.5 lakh shares intraday each in 5600ce and 5700ce. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #579 Posted: Thu Nov 22, 2012 12:57 pm Post subject: |
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taxmann50 wrote: | All now depends on how europe goes this afternoon, |
Europe and US markets have recovered nicely, so has EURO and hang seng. Only thing stopping from rally is the dollar index hovering near 81 and INR still above 55.
@sam SBIN low and opening are same, if it continues up today, good chance of having white morubozu candle, good for your bank nifty. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #580 Posted: Thu Nov 22, 2012 1:01 pm Post subject: |
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5600pe have added 9.5 lakh shares and 5700pe 4.7 lakh shares... whereas 5800pe and 5900pe still are shedding OI as everyday.
So it's dependant on 5700pe and 5600ce for next move. |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #581 Posted: Thu Nov 22, 2012 1:07 pm Post subject: |
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apka wrote: | taxmann50 wrote: | All now depends on how europe goes this afternoon, |
Europe and US markets have recovered nicely, so has EURO and hang seng. Only thing stopping from rally is the dollar index hovering near 81 and INR still above 55.
@sam SBIN low and opening are same, if it continues up today, good chance of having white morubozu candle, good for your bank nifty. |
Yes Apka, SBIN is doin well at this point of time.....If the weekly candles doesn't break above 2160 levels, then this weekly low can be considered as a stoploss for LONG positions......Having said that, I expect BankNifty to find reasonable resistance in the range 11602-11617.....By the way, European markets are expected to open UP by around .5%..... |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #582 Posted: Thu Nov 22, 2012 2:13 pm Post subject: |
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Are we in a resistance zone now? NF finding difficulty crossing 5650!!! |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #583 Posted: Thu Nov 22, 2012 2:33 pm Post subject: |
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vinay28 wrote: | my next date is 23/11
We should have a close above 5665 today or tmrw to give hope for further upmove.
sbi, tisco and ril may take nifty up. for sbi SL 2025 on daily close basis |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #584 Posted: Thu Nov 22, 2012 2:39 pm Post subject: |
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vinay28 wrote: | vinay28 wrote: | my next date is 23/11
We should have a close above 5665 today or tmrw to give hope for further upmove.
sbi, tisco and ril may take nifty up. for sbi SL 2025 on daily close basis |
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nice.
5600pe has added 17.50 lakh shares, 5700pe 8 lakh shares.5500pe and 5600pe have higher OI now compared to 5700ce and 5800ce. calls are barely adding 1-2 lakhs. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #585 Posted: Thu Nov 22, 2012 2:40 pm Post subject: |
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vinay 23/11 expectation is what down up ?
last year last week of novemeber, 1 day before expiry saw 2nd highest ever turnover in nifty fno. |
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