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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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Post: #3631  Posted: Mon Jul 09, 2012 9:39 pm Post subject: |
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| vinay28 wrote: | | no apka, no clue on infy and tce but I expect market to go up tmrw, down on wednesday, up on thursday and down on friday. let's see |
aha ok, pretty similar to mine. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #3632 Posted: Tue Jul 10, 2012 9:15 am Post subject: |
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Hi,
Looking at the way Asian markets are trading, there is every chance of our markets opening flat. Until Monday, we were making higher lows pattern, but on Monday we have broken below the low made on Friday indicating weakness. Until yesterday, we were making higher CLOSINGs for the last few days. But yesterday, that trend has changed and it shows further weakness. On monday we've made a Hanging Man sort of a pattern which is weaker in nature when formed at the top. But a Hanging Man pattern needs confirmation which we got it yesterday when we closed below the Monday candle. So, are we going to go down from here. The indicators and patterns are saying so. Having said that, if we can have a good upmove (even for a single day) it could change the dynamics of the market. So, if the results by TCS and INFY are good on Thursday, there could be a good move on the upside which could take the highs we've made recently. But till there is such a move, the market could be slightly bearish or even slide on the downside. Anyway, a few numbers, I'll be looking at today are as follows:
5311 / 5299 / 5288 / 5279 / 5263 / 5255 / 5247 / 5235 / 5221 / 5210
Happy Trades!!!!
SAM |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #3633 Posted: Tue Jul 10, 2012 9:22 am Post subject: |
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| psalm wrote: | Hi,
Looking at the way Asian markets are trading, there is every chance of our markets opening flat. Until Monday, we were making higher lows pattern, but on Monday we have broken below the low made on Friday indicating weakness. Until yesterday, we were making higher CLOSINGs for the last few days. But yesterday, that trend has changed and it shows further weakness. On monday we've made a Hanging Man sort of a pattern which is weaker in nature when formed at the top. But a Hanging Man pattern needs confirmation which we got it yesterday when we closed below the Monday candle. So, are we going to go down from here. The indicators and patterns are saying so. Having said that, if we can have a good upmove (even for a single day) it could change the dynamics of the market. So, if the results by TCS and INFY are good on Thursday, there could be a good move on the upside which could take the highs we've made recently. But till there is such a move, the market could be slightly bearish or even slide on the downside. Anyway, a few numbers, I'll be looking at today are as follows:
5311 / 5299 / 5288 / 5279 / 5263 / 5255 / 5247 / 5235 / 5221 / 5210
Happy Trades!!!!
SAM |
Correction...the Hanging Man pattern was made on Friday and the confirmation was on yesterday, monday.....  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #3634 Posted: Tue Jul 10, 2012 9:52 am Post subject: |
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| sam, you have not given values above 5311. don't be so biased! |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #3635 Posted: Tue Jul 10, 2012 9:54 am Post subject: |
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someone recently told me that a good way to make a lil money is to buy OTM calls and puts for INFY one day before its results. Apparently it will swing in one direction for sure and you can consequently make profit one either side. with the last result the puts went up 8 times and calls practically vanished. Well, the math he told me works!
what do u guys think? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #3636 Posted: Tue Jul 10, 2012 9:56 am Post subject: |
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| vinay28 wrote: | | sam, you have not given values above 5311. don't be so biased! |
It was intentional....cos, above 5311, the next resistance is the high made recently which is around 5334.....if we break above that, then the weakness will vanish for the time being....anyway, I have bigger levels above 5334, which I dont think is possible today....that's why didn't post it....anyway, if you want, i can add those levels...gimme a moment....  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #3637 Posted: Tue Jul 10, 2012 10:03 am Post subject: |
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| psalm wrote: | | vinay28 wrote: | | sam, you have not given values above 5311. don't be so biased! |
It was intentional....cos, above 5311, the next resistance is the high made recently which is around 5334.....if we break above that, then the weakness will vanish for the time being....anyway, I have bigger levels above 5334, which I dont think is possible today....that's why didn't post it....anyway, if you want, i can add those levels...gimme a moment.... |
5327 / 5361 / 5373 / 5383 These are the missing levels, Vinay..... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #3638 Posted: Tue Jul 10, 2012 10:18 am Post subject: |
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| stevenmat wrote: | someone recently told me that a good way to make a lil money is to buy OTM calls and puts for INFY one day before its results. Apparently it will swing in one direction for sure and you can consequently make profit one either side. with the last result the puts went up 8 times and calls practically vanished. Well, the math he told me works!
what do u guys think? |
Steven, I think you're talking about the Strangle strategy......It will work if the underlying move SIGNIFICANTLY in a single direction. In the last few quarters, Infosys results have given a 5 to 10 % kinda move. In that case, yes its a wise idea.....and a safer one too...
NOTE: For a slightly riskier person, STRANGLE strategy is also good. That means buying the CALLs and PUTs of the same strike price...this can be used if you're expecting some kinda price explosion on either side. But this is a bit riskier as the premium will be high, especially before the event.... |
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #3639 Posted: Tue Jul 10, 2012 10:57 am Post subject: |
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hi..................sam
from my side we can go long from here.........tgt 5380-5400........in near term........below 5240 is s/l...........but dont think ns can go below 5240..(MY OVSERVATION)
THX
ANAND |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #3640 Posted: Tue Jul 10, 2012 11:02 am Post subject: |
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| anand1234 wrote: | hi..................sam
from my side we can go long from here.........tgt 5380-5400........in near term........below 5240 is s/l...........but dont think ns can go below 5240..(MY OVSERVATION)
THX
ANAND |
If you think that the market will go up from here, please go ahead and buy.....I'll think about buying only above 5334......if you think that the market will go to 5380-5400, then its better to buy now....rather than waiting for higher levels..... |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #3641 Posted: Tue Jul 10, 2012 11:29 am Post subject: |
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| stevenmat wrote: | someone recently told me that a good way to make a lil money is to buy OTM calls and puts for INFY one day before its results. Apparently it will swing in one direction for sure and you can consequently make profit one either side. with the last result the puts went up 8 times and calls practically vanished. Well, the math he told me works!
what do u guys think? |
most often i have found buying outside puts and calls to fail, because writers are smart enough to not let their total cross for one side. |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #3642 Posted: Tue Jul 10, 2012 11:56 am Post subject: |
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| apka wrote: | | stevenmat wrote: | someone recently told me that a good way to make a lil money is to buy OTM calls and puts for INFY one day before its results. Apparently it will swing in one direction for sure and you can consequently make profit one either side. with the last result the puts went up 8 times and calls practically vanished. Well, the math he told me works!
what do u guys think? |
most often i have found buying outside puts and calls to fail, because writers are smart enough to not let their total cross for one side. |
but it has worked several times in the past |
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rohit44
White Belt
Joined: 05 Jan 2010
Posts: 279
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| Post: #3643 Posted: Tue Jul 10, 2012 1:24 pm Post subject: |
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not breaking yest high of 5300.6 ns on downside   |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #3644 Posted: Tue Jul 10, 2012 1:32 pm Post subject: |
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| stevenmat wrote: | | apka wrote: | | stevenmat wrote: | someone recently told me that a good way to make a lil money is to buy OTM calls and puts for INFY one day before its results. Apparently it will swing in one direction for sure and you can consequently make profit one either side. with the last result the puts went up 8 times and calls practically vanished. Well, the math he told me works!
what do u guys think? |
most often i have found buying outside puts and calls to fail, because writers are smart enough to not let their total cross for one side. |
but it has worked several times in the past |
ok, do share which strikes you will and at what rate |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #3645 Posted: Tue Jul 10, 2012 2:09 pm Post subject: |
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apka - up today finally?
sam - now you know why I wanted levels above 5311? |
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