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Nifty View - October Series 2013 |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #391  Posted: Thu Oct 24, 2013 10:16 am Post subject: |
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| apka wrote: | | vinay28 wrote: | | apka wrote: | bolana boss 6300 easily aa sakta, OI on call side is very timid 
6243 spot, 6263 fut... how far are we from all time highs for both NF and Spot? |
nothing can stand in front of liquidity |
Isn't the sensex all time high 21078? ... We crossed 21000 intraday... so we are hardly 80 points away from sensex all time high. |
no, it's 21200+. the fear I have is, due to change in sensex/nifty ratio lately, sensex may make an all time high but not nifty. Just in case that is the game. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #392 Posted: Thu Oct 24, 2013 10:23 am Post subject: |
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| vinay28 wrote: | | apka wrote: | | vinay28 wrote: | | apka wrote: | bolana boss 6300 easily aa sakta, OI on call side is very timid
6243 spot, 6263 fut... how far are we from all time highs for both NF and Spot? |
nothing can stand in front of liquidity |
Isn't the sensex all time high 21078? ... We crossed 21000 intraday... so we are hardly 80 points away from sensex all time high. |
no, it's 21200+. the fear I have is, due to change in sensex/nifty ratio lately, sensex may make an all time high but not nifty. Just in case that is the game. |
ahh, no worries, one will follow the other.
Sensex all time high:
| Quote: | | 21,206.77 hit on January 10, 2008. |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #393 Posted: Thu Oct 24, 2013 10:30 am Post subject: |
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| A & V: Livemint reports that all time high of Sensex was 21108.64 on 5 Nov 2010. Rgds, Prakash Holla |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #394 Posted: Thu Oct 24, 2013 10:31 am Post subject: |
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| long holders be careful. vix rising. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #395 Posted: Thu Oct 24, 2013 10:38 am Post subject: |
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| vinay28 wrote: | | mayur2402 wrote: | hi Vinay and Prakash,
Firstly, Thanks a lot for your honest opinion...... I tried keepin a SL but one marginal gap up opening and a rally which I misunderstood as a fake rally got me into a soup.... Trading in options is a very good suggestion which I will definitely act upon once I get out of this mess.... 6230 NS is a very important level... thts true... but considering some important results lined up in coming days i.e. ITC & HUL, I have some hope of minimizing my loss.... For this expiry can I buy 6300 CE to hedge my position tomorrow....?? Again Sir, 6300CE has added hell lot of OI in couple of days so breaching that level is also very tough  ... its so very confusing guys..... feeling the heat really......  |
as of now, 6300 ce is hopeless. for that matter even 6200 ce is. One possibility I think of is about 6000 NS (6012NF) on lower side may be the bottom but provided it goes there. If it does, cover your short and buy 6100ce with a SL of about 5980.
I still feel that 6300 may not be crossed this expiry. BUT liquidity is too strong and any higher level is possible. Buying 6300ce can be a gambing trade but below 5.0 with SL 0. If nifty goes to 6000, same applies to 6200ce also. |
I hope you booked your loss mayur. I feel one can buy 6200/6300 ce but not now. wait for some reaction. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #396 Posted: Thu Oct 24, 2013 10:42 am Post subject: |
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| vinay28 wrote: | | long holders be careful. vix rising. |
I am taking it as a case of jittery/opportunist buyers of put options because we are near all time high. |
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rrk2006hyd
Yellow Belt
Joined: 13 Oct 2010
Posts: 874
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| Post: #397 Posted: Thu Oct 24, 2013 10:47 am Post subject: |
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today nifty levels...6321-6280-6200-6158..
bought nifty 6250pe, 50@59..with NS SL 6280 |
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mayur2402
White Belt
Joined: 29 Jun 2013
Posts: 8
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| Post: #398 Posted: Thu Oct 24, 2013 10:48 am Post subject: |
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| vinay28 wrote: | | vinay28 wrote: | | mayur2402 wrote: | hi Vinay and Prakash,
Firstly, Thanks a lot for your honest opinion...... I tried keepin a SL but one marginal gap up opening and a rally which I misunderstood as a fake rally got me into a soup.... Trading in options is a very good suggestion which I will definitely act upon once I get out of this mess.... 6230 NS is a very important level... thts true... but considering some important results lined up in coming days i.e. ITC & HUL, I have some hope of minimizing my loss.... For this expiry can I buy 6300 CE to hedge my position tomorrow....?? Again Sir, 6300CE has added hell lot of OI in couple of days so breaching that level is also very tough ... its so very confusing guys..... feeling the heat really...... |
as of now, 6300 ce is hopeless. for that matter even 6200 ce is. One possibility I think of is about 6000 NS (6012NF) on lower side may be the bottom but provided it goes there. If it does, cover your short and buy 6100ce with a SL of about 5980.
I still feel that 6300 may not be crossed this expiry. BUT liquidity is too strong and any higher level is possible. Buying 6300ce can be a gambing trade but below 5.0 with SL 0. If nifty goes to 6000, same applies to 6200ce also. |
I hope you booked your loss mayur. I feel one can buy 6200/6300 ce but not now. wait for some reaction. |
Yes Vinay.... Booked loss in all shorts..... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #399 Posted: Thu Oct 24, 2013 10:49 am Post subject: |
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| apka wrote: | | vinay28 wrote: | | long holders be careful. vix rising. |
I am taking it as a case of jittery/opportunist buyers of put options because we are near all time high. |
apka, don't be over confident. all time high ayega to bhi shayad rula rula ke ayega and in nov not oct. just to kill option players. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #400 Posted: Thu Oct 24, 2013 10:51 am Post subject: |
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| rrk2006hyd wrote: | today nifty levels...6321-6280-6200-6158..
bought nifty 6250pe, 50@59..with NS SL 6280 |
not a bad idea but how do you know 6280 is correct SL and not 6285/90/95/6300? just a query. best to book quick profit. this market is not positional shorts nor NOW is the correct time to buy. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #401 Posted: Thu Oct 24, 2013 10:51 am Post subject: |
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| vinay28 wrote: | | apka wrote: | | vinay28 wrote: | | long holders be careful. vix rising. |
I am taking it as a case of jittery/opportunist buyers of put options because we are near all time high. |
apka, don't be over confident. all time high ayega to bhi shayad rula rula ke ayega and in nov not oct. just to kill option players. |
haan sahi. it may be in nov, not immediately now because we have RBI Policy also on 29-Oct-2013 - Tuesday... But VIX as of now is not affecting my choice of trade. |
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rrk2006hyd
Yellow Belt
Joined: 13 Oct 2010
Posts: 874
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| Post: #402 Posted: Thu Oct 24, 2013 10:53 am Post subject: |
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| vinay28 wrote: | | rrk2006hyd wrote: | today nifty levels...6321-6280-6200-6158..
bought nifty 6250pe, 50@59..with NS SL 6280 |
not a bad idea but how do you know 6280 is correct SL and not 6285/90/95/6300? just a query. best to book quick profit. this market is not positional shorts nor NOW is the correct time to buy. |
sure...i will exit with small profit... |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #403 Posted: Thu Oct 24, 2013 11:00 am Post subject: |
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rrk: Vinay is 100% correct. As per Al Brooks advice, bullish trend is very strong since 0915. Not even once went back and touched 20 ema in 5 min candles. Now near but still not touching. With such strong trend, IF you want to trade, better to go long with entry at end of small counter trends that develop. Prakash Holla
Last edited by pkholla on Thu Oct 24, 2013 1:25 pm; edited 1 time in total |
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rrk2006hyd
Yellow Belt
Joined: 13 Oct 2010
Posts: 874
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| Post: #404 Posted: Thu Oct 24, 2013 11:02 am Post subject: |
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| bought 6250ce,50@64,with sl 30,for the targets 73-111-158 |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #405 Posted: Thu Oct 24, 2013 11:05 am Post subject: |
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| All opening prices of NS, NF, BNS, BNF are about the same. Early to say but if more upside intraday comes, then chance of having a white morubozu candle. |
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