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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #4771  Posted: Tue Aug 28, 2012 10:31 am Post subject: |
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| my guess is 5425/50 NF expiry |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4772 Posted: Tue Aug 28, 2012 10:39 am Post subject: |
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| vinay28 wrote: | | my guess is 5425/50 NF expiry |
My gut feeling says that it will be around 5270......But higher levels look very much possible....anyway, let's see... 
NOTE: BankNifty and CG stocks look crucial to me on the upside from here....Metals could participate as well....I'm looking at 10033 on BankNifty....10033-10000 range appears crucial to me...if broken, I expect another 200-300 point cut...today's low is around 10050........anyway, let's see |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #4773 Posted: Tue Aug 28, 2012 10:42 am Post subject: |
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| psalm wrote: | | APKA, Where are you??...hope everything fine with you..... |
hi
just not much in words these days so being quiet
5300pe OI stands at 1.2 cr about, same was seen with 5500ce few days back and we fell midway from 5448 spot. Now 5331 has come so perhaps time to rise up. 5300 should not break until 2.30pm expiry day, and if it does not below 5270.
My expectation is 5380 for expiry. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4774 Posted: Tue Aug 28, 2012 10:44 am Post subject: |
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| apka wrote: | | psalm wrote: | | APKA, Where are you??...hope everything fine with you..... |
hi
just not much in words these days so being quiet
5300pe OI stands at 1.2 cr about, same was seen with 5500ce few days back and we fell midway from 5448 spot. Now 5331 has come so perhaps time to rise up. 5300 should not break until 2.30pm expiry day, and if it does not below 5270.
My expectation is 5380 for expiry. |
Welcome back Sir....  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4775 Posted: Tue Aug 28, 2012 10:54 am Post subject: |
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| I have bought a few 5400 CALLs of the current series, just for some protection until expiry..... ..current rate is around 8.5....option writers are happy selling it around 8.5.... means LESS CHANCE (not certain) of expiring above 5400 levels.....anyway, let's see... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4776 Posted: Tue Aug 28, 2012 12:44 pm Post subject: |
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| BankNifty is trading below 10050 levels again.....it has immediate support around 10030...and then psycological level of 10000....watch out... |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #4777 Posted: Tue Aug 28, 2012 1:07 pm Post subject: |
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| Where is the support for the market now? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4778 Posted: Tue Aug 28, 2012 1:10 pm Post subject: |
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| taxmann50 wrote: | | Where is the support for the market now? |
5312 is where I'm looking at...as I have mentioned in the morning, the market is in a support range of 5332-5312 now.......a break below this range COULD push the market to 5275 levels....but as per me, its in a support range now.... |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #4779 Posted: Tue Aug 28, 2012 1:54 pm Post subject: |
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| Samji heavy call writing at 5300 call!!! |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4780 Posted: Tue Aug 28, 2012 1:59 pm Post subject: |
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| taxmann50 wrote: | | Samji heavy call writing at 5300 call!!! |
I have mentioned only that 5312-5332 is a support range.....I didn't say that the market will definitely go up.....that's why I suggested whenever the market comes up....try to book profit....Also, I have mentioned about 5400 CALLs being sold at pretty cheap levels.....but it doesn't mean that market wont break above those levels.....My bearishness for the overall market is still there and almost all the position I have are on the sell side...but I'm just giving intraday supports and resistances....I have stressed about the supports today as it is a significant one...even in the long run. |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #4781 Posted: Tue Aug 28, 2012 2:03 pm Post subject: |
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| taxmann50 wrote: | | Samji heavy call writing at 5300 call!!! |
What does it mean. |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #4782 Posted: Tue Aug 28, 2012 2:04 pm Post subject: |
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| saumya12 wrote: | | taxmann50 wrote: | | Samji heavy call writing at 5300 call!!! |
What does it mean. |
Means nifty more likely to break 5300 and below.  |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #4783 Posted: Tue Aug 28, 2012 2:25 pm Post subject: |
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| taxmann50 wrote: | | saumya12 wrote: | | taxmann50 wrote: | | Samji heavy call writing at 5300 call!!! |
What does it mean. |
Means nifty more likely to break 5300 and below. |
Thanks.
Don't be angry.
I am new to options and trying to understand its working.
In other words, Writing a call means selling a call.
Then what is the difference between buying a put and selling a call.
Thanks |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #4784 Posted: Tue Aug 28, 2012 2:27 pm Post subject: |
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| saumya12 wrote: | | taxmann50 wrote: | | saumya12 wrote: | | taxmann50 wrote: | | Samji heavy call writing at 5300 call!!! |
What does it mean. |
Means nifty more likely to break 5300 and below. |
Thanks.
Don't be angry.
I am new to options and trying to understand its working.
In other words, Writing a call means selling a call.
Then what is the difference between buying a put and selling a call.
Thanks |
M not angry just dissapointed |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4785 Posted: Tue Aug 28, 2012 2:31 pm Post subject: |
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| saumya12 wrote: | | taxmann50 wrote: | | Samji heavy call writing at 5300 call!!! |
What does it mean. |
Saumya, When option sellers (they're also called option writers) sells a CALLs without any fear, it indicates that they're not expecting much upside. For example, at this point of time 5300 CALL is trading around 45 rupees. So, for somebody who sells a CALL at 45, he is at risk when the market breaks above 5345......So when the option writers sells CALLs without any fear, it could either be because of confidence or over confidence......  ....It is also possible that they're selling it as part of some strategy, by which they may not be hurt badly even if the market goes up.....There are hell lot of strategies in the option trading.....so, its very difficult to predict what exactly is gonna happen.....but when lot of CALLs are written compared to PUTs, it is safe to assume that the overall mood is bearish......It doesn't necessarily be true....So, let's wait and see where the market expires in a few days.... |
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