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OPEN INTEREST IN NIFTY OPTIONS |
yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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Post: #241  Posted: Tue Jan 07, 2014 7:54 pm Post subject: |
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Note:At last...........as mentioned earlier out of the two that is 6200 put and 6300 call...6200 put has shed open interest meaning very slowly the market is drifting lower..the cut in open interest is not very huge but only of more than one lakhs which is not much....markets are moving down very slowly and hence the puts are hardly appreciating..loss of premium is continuous in both calls and puts mainly due to the very slow fall of the markets..continuous writing is visible in 6300 call for the past some days...today even 6200 call has started seeing some writing..tomorrow happens to be a make or break day as some key supports need to be broken tomorrow or in the days ahead for further downward journey...whether we break those supports immediately remains to be seen as the puts are very very cheap as of now even though the premium was hardly 25 points on nifty future at the closing hour..options data points to a further fall but the puts are not appreciating enough..markets are either going up for a relief rally or going down very slowly or the puts have to appreciate fast in 2 or 3 days...either of these 3 should happen in the coming days...  |
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turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
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| Post: #242 Posted: Tue Jan 07, 2014 9:21 pm Post subject: |
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Good write up...Thanks
Turtle |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #243 Posted: Wed Jan 08, 2014 9:36 am Post subject: |
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| turtlecsi wrote: | Good write up...Thanks
Turtle |
Turtlecsi:Thanks |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #244 Posted: Wed Jan 08, 2014 12:42 pm Post subject: |
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| Note:It seems that the markets are going to break 6150 today and 6130 as well...it is 12.30 in the afternoon..if we takeout today's high once more now then we go up or we break yesterday's low easily..how...even though we went and broke today's high and if the market was going to be bullish otm puts would have gone well below their previous lows of today but they did so marginally..accumulation is being seen in 6200 call and it seems writing as of now...6200 put is also seeing addition which is confusing and hence market should not take out today's high again now otherwise writers of 6200 call will have to cover their shorts on calls...i might be totally wrong but as per my view on options data right now this is what i feel..wait for EOD figures and today's close... |
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rbaveshss
White Belt
Joined: 26 Nov 2013
Posts: 18
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| Post: #245 Posted: Wed Jan 08, 2014 7:56 pm Post subject: |
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| yashrahul wrote: | | Note:It seems that the markets are going to break 6150 today and 6130 as well...it is 12.30 in the afternoon..if we takeout today's high once more now then we go up or we break yesterday's low easily..how...even though we went and broke today's high and if the market was going to be bullish otm puts would have gone well below their previous lows of today but they did so marginally..accumulation is being seen in 6200 call and it seems writing as of now...6200 put is also seeing addition which is confusing and hence market should not take out today's high again now otherwise writers of 6200 call will have to cover their shorts on calls...i might be totally wrong but as per my view on options data right now this is what i feel..wait for EOD figures and today's close... |
pls ur updates
baveshss |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #246 Posted: Thu Jan 09, 2014 1:15 am Post subject: |
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Note:Nothing much to mention things are nearly the same as they were on the previous day..some addition in calls and some in puts...6100 put has added more than 4 lakhs in oi and 6400 call has also added more than 4 lakhs in oi...we don't have a confirmed direction as yet it is on the downside as of now but for it to be decisive some important supports need to be broken.. huge writing has to be seen in ITM calls nothing of that sort has happened till now hence we are left with no choice but to wait and watch...best luck  |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #247 Posted: Thu Jan 09, 2014 8:30 am Post subject: |
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| yashrahul wrote: | | Note:Nothing much to mention things are nearly the same as they were on the previous day..some addition in calls and some in puts...6100 put has added more than 4 lakhs in oi and 6400 call has also added more than 4 lakhs in oi...we don't have a confirmed direction as yet it is on the downside as of now but for it to be decisive some important supports need to be broken.. huge writing has to be seen in ITM calls nothing of that sort has happened till now hence we are left with no choice but to wait and watch...best luck |
addition of of 4 lakhs in oi of 6100 put is writing it seems...for 6200 and 6100 puts to start unwinding markets should break the crucial supports ...calls are also losing premium continuously..it seems markets are giving the impression of wait and watch mode ...and are pocketing the premiums of both calls and puts...but again we can't do anything other than wait and watch  |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #248 Posted: Thu Jan 09, 2014 10:17 am Post subject: |
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| process of premium eating of both out of the money calls and puts has started again |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #249 Posted: Thu Jan 09, 2014 7:38 pm Post subject: |
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| Note:There is an addition of close to 7 lakhs in oi in 6200 call..most of this addition was in the last hour of trade...whether 6200 call was written or bought can't be said definitely ...but if we judge by the loss in premium on both call and put then purely on that basis for a flat market the 6200 call lost much more and the 6200 put remained flat...the way the market bounced back in the last half hour was confusing hence one can't say definitely that 6200 call was written as even 6200 put didn't shed any oi.Tomorrow is the decisive day..most probably tomorrow's close will decide the direction in the coming week... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #250 Posted: Thu Jan 09, 2014 8:16 pm Post subject: |
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| yashrahul wrote: | | Note:There is an addition of close to 7 lakhs in oi in 6200 call..most of this addition was in the last hour of trade...whether 6200 call was written or bought can't be said definitely ...but if we judge by the loss in premium on both call and put then purely on that basis for a flat market the 6200 call lost much more and the 6200 put remained flat...the way the market bounced back in the last half hour was confusing hence one can't say definitely that 6200 call was written as even 6200 put didn't shed any oi.Tomorrow is the decisive day..most probably tomorrow's close will decide the direction in the coming week... |
yashrahul, from 1.15pm, AD shows accumulation in 6200ce. BUt it could be temporary. Unless 6250NS is taken out, writing in 6200ce will begin and lower levels are possible in nifty. |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #251 Posted: Thu Jan 09, 2014 10:02 pm Post subject: |
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| vinay28 wrote: | | yashrahul wrote: | | Note:There is an addition of close to 7 lakhs in oi in 6200 call..most of this addition was in the last hour of trade...whether 6200 call was written or bought can't be said definitely ...but if we judge by the loss in premium on both call and put then purely on that basis for a flat market the 6200 call lost much more and the 6200 put remained flat...the way the market bounced back in the last half hour was confusing hence one can't say definitely that 6200 call was written as even 6200 put didn't shed any oi.Tomorrow is the decisive day..most probably tomorrow's close will decide the direction in the coming week... |
yashrahul, from 1.15pm, AD shows accumulation in 6200ce. BUt it could be temporary. Unless 6250NS is taken out, writing in 6200ce will begin and lower levels are possible in nifty. |
Vinay 28:lower levels on nifty possible...coming from you..it sounds like music to my ears  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #252 Posted: Fri Jan 10, 2014 8:09 am Post subject: |
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| yashrahul wrote: | | Vinay 28:lower levels on nifty possible...coming from you..it sounds like music to my ears |
that's because I don't "make" prices. So, for me, it's always a matter of levels. |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #253 Posted: Fri Jan 10, 2014 11:20 am Post subject: |
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| Instead of 6200 call being written it has started cutting oi and 6200 put which should have started cutting oi has started witnessing writing...the market is trying a mini reversal it seems we will know after today's close only whether it will sustain...wait for EOD options data and today's close...remember it's friday anything can happen by close... |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #254 Posted: Fri Jan 10, 2014 3:26 pm Post subject: |
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| yashrahul wrote: | | Instead of 6200 call being written it has started cutting oi and 6200 put which should have started cutting oi has started witnessing writing...the market is trying a mini reversal it seems we will know after today's close only whether it will sustain...wait for EOD options data and today's close...remember it's friday anything can happen by close... |
most of the 6200 call has again added oi and 6200 put which had seen huge writing has started coming back to where it started...now we will break 6130 very soon and go down further i feel...i might be totally wrong...lets wait and watch |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #255 Posted: Fri Jan 10, 2014 10:15 pm Post subject: |
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| Note:Today the options data in the afternoon at close to 1pm was pointing totally in the favor of bulls...huge addition in oi was seen at 6200,6100 and 6000 put but by close everything has changed..Now the 6200 call and put both show nearly the same oi...6100 put shows an addition of more than 5 lakhs in oi and it seems to be writing...the market was very volatile today and it seems that the bulls are not ready yet to accept defeat...but the way the market's cracked today in the last 1 hour i feel that the defeat for the bulls is just round the corner....i have judged this on the basis of the options data which was at 1 pm and at close to 3.30 pm today and the EOD options data.....i might be wrong...best luck |
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