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Nifty View - October Series 2013 |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #151  Posted: Wed Oct 09, 2013 3:05 pm Post subject: |
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| vinay28 wrote: | | since 10/9 nifty is in this channel except for two wild swings on either side. Today it will enter the channel again. I feel that as long as it holds about 5820, it is safe. But what looks certain is that a very big move on either is due any time. |
I posted this in today morning. Big move came so fast.  |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #152 Posted: Wed Oct 09, 2013 3:06 pm Post subject: |
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| i cannot resist and sold 1 lot....as per one theory, unless the low of swing high breached markets are bear....so resistance stiff at 6040 NS...i would sell 1 lot at 6035 also |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #153 Posted: Wed Oct 09, 2013 3:08 pm Post subject: |
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| reemajainiaf wrote: | | Vinay28 should I buy a put at eod or wait some more? |
you could reema but just wait near eod but small qty pl. see what I replied to rrk about PEs |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #154 Posted: Wed Oct 09, 2013 3:10 pm Post subject: |
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| amitagg wrote: | | i cannot resist and sold 1 lot....as per one theory, unless the low of swing high breached markets are bear....so resistance stiff at 6040 NS...i would sell 1 lot at 6035 also |
may be a good idea but NF is better than puts |
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reemajainiaf
White Belt
Joined: 17 Sep 2013
Posts: 78
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| Post: #155 Posted: Wed Oct 09, 2013 3:15 pm Post subject: |
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| vinay28 wrote: | | reemajainiaf wrote: | | Vinay28 should I buy a put at eod or wait some more? |
you could reema but just wait near eod but small qty pl. see what I replied to rrk about PEs |
Just bought 1 lot. Thanks. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #156 Posted: Wed Oct 09, 2013 3:17 pm Post subject: |
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| vinay28 wrote: | | vinay28 wrote: | | 6200ce high today was 51. 40% of that is about 21. I feel buying it may be a good idea with SL about 18-19. Likely target 60-80. |
first target met! |
very close to second target. Just 2 days. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #157 Posted: Wed Oct 09, 2013 3:30 pm Post subject: |
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| sold all calls |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #158 Posted: Wed Oct 09, 2013 7:56 pm Post subject: |
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| my "sensible" view (forget 6500+ posted elsewhere for the time being) is that operators will take nifty nowhere for next many days to such an extent that expiry may be only around 6200. This will help them make huge profits writing options. It is clear from premium in options and high vix. That's why, unless nifty crosses 6230 soon (say within 7 days) and/or vix goes below 20, I have decided not to trade in options now. Infy also may prove to be a "phoos" in terms of wild movements. At the same time, it looks like it may not go below 5900. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #159 Posted: Wed Oct 09, 2013 8:42 pm Post subject: |
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| I am attching a chart, posted a few days ago, updated as of eod today. Nifty doesn't have to follow it but just to enable tracking. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #160 Posted: Wed Oct 09, 2013 10:51 pm Post subject: |
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| thats what i have been saying for past few days....to sell 6000 call and put and hedge by 5500/5700 and 6300 buying options...net credit ...butterfly condor..have to manage trade though as it progress |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #161 Posted: Thu Oct 10, 2013 10:40 am Post subject: |
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| how are INFY results predicted to be? What will it do to Nifty tomorrow...? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #162 Posted: Thu Oct 10, 2013 11:01 am Post subject: |
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| apka wrote: | | how are INFY results predicted to be? What will it do to Nifty tomorrow...? |
could be flat. Risky buy is pe/ce about 300 away. I feel BO above 3180 and BD below 3000 |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #163 Posted: Thu Oct 10, 2013 11:20 am Post subject: |
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| ITC and RIL pulling index down while banks supporting. IT neutral. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #164 Posted: Thu Oct 10, 2013 11:22 am Post subject: |
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| vinay28 wrote: | | apka wrote: | | how are INFY results predicted to be? What will it do to Nifty tomorrow...? |
could be flat. Risky buy is pe/ce about 300 away. I feel BO above 3180 and BD below 3000 |
ok. it's daily and weekly are looking similar to result day of 2 quarters back...overbought at near highs.
only difference is it is above the weekly resistance line since 2011. possibilities to go near high and sit for sometime looks more likely to me. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #165 Posted: Thu Oct 10, 2013 12:04 pm Post subject: |
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| Is Libya any important to markets? Libyan PM kidnapped by rebels |
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