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OPEN INTEREST IN NIFTY OPTIONS |
yashrahul Yellow Belt
Joined: 29 Jun 2013 Posts: 512
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Post: #271 Posted: Thu Jan 16, 2014 1:32 pm Post subject: |
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lakshay wrote: | market has gained momentum.... but it made your habit to be in wait and watch mode |
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yashrahul Yellow Belt
Joined: 29 Jun 2013 Posts: 512
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Post: #272 Posted: Thu Jan 16, 2014 2:07 pm Post subject: |
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6300 call is being written and and 6300 put is being bought i feel...brace yourself for a 60-70 points nifty fall in the coming days....i might be wrong...best luck |
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PS Trader White Belt
Joined: 22 Sep 2013 Posts: 101
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Post: #273 Posted: Thu Jan 16, 2014 6:17 pm Post subject: |
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yashrahul wrote: | PS Trader:Markets are not going to go to 6370 today...at least now at 1.20 in the afternoon the options data doesn't suggest so...i can see 6300 call adding 8 lakhs in oi...it is being written for sure...markets are going into that mode of 25 december to 2nd january...where the volumes were low and markets went nowhere...after all the premiums of both calls and puts have to be gulped... |
Exactly as you said happened in market today. Market gone nowhere and premiums lost values. |
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yashrahul Yellow Belt
Joined: 29 Jun 2013 Posts: 512
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Post: #274 Posted: Thu Jan 16, 2014 8:05 pm Post subject: |
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PS Trader wrote: | yashrahul wrote: | PS Trader:Markets are not going to go to 6370 today...at least now at 1.20 in the afternoon the options data doesn't suggest so...i can see 6300 call adding 8 lakhs in oi...it is being written for sure...markets are going into that mode of 25 december to 2nd january...where the volumes were low and markets went nowhere...after all the premiums of both calls and puts have to be gulped... |
Exactly as you said happened in market today. Market gone nowhere and premiums lost values. |
thanks |
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yashrahul Yellow Belt
Joined: 29 Jun 2013 Posts: 512
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Post: #275 Posted: Thu Jan 16, 2014 8:23 pm Post subject: |
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Note:For many days i have been repeatedly seeing look at 6100 call ..it has consistently cutting open interest..from 12 lakhs oi to some 7 and half lakh oi now...i feel many in the markets must be feeling that this is the top or close to the top for this month at least..otherwise why will somebody cut their calls when the market is rising...6200 put and 6200 call both has cut oi today..those who were long on the call and short on the put might have done so..it can't be other way round...market will try to remain sideways to gobble up the puts and calls premium... but tomorrow's close will be very keenly watched along with the EOD options data..if the market closes above 6300 nifty spot then the bulls have the upper hand and if the market close at near 6250 levels then bears will try to make a comeback... overall options data of both itm and otm puts and calls points so...markets might rally and i might be totally wrong....all i can say is....best luck |
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yashrahul Yellow Belt
Joined: 29 Jun 2013 Posts: 512
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Post: #276 Posted: Fri Jan 17, 2014 12:26 pm Post subject: |
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6300 call adding close to 5 lakhs in oi and 6300 put cutting oi...markets are going to come down further..as mentioned some days back 50-70 points minimum nifty cut ....wait for EOD options data and today's close...i might be totally wrong and the markets might rally from these levels..best luck.. |
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yashrahul Yellow Belt
Joined: 29 Jun 2013 Posts: 512
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Post: #277 Posted: Fri Jan 17, 2014 2:47 pm Post subject: |
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after a very long time 6200 put has started cutting oi...markets are going to come down...wait for EOD options data and today's close |
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yashrahul Yellow Belt
Joined: 29 Jun 2013 Posts: 512
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Post: #278 Posted: Fri Jan 17, 2014 2:49 pm Post subject: |
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as mentioned in yesterday's post at 2.07 in the afternoon...market has come down 60-70 points from the top.. |
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yashrahul Yellow Belt
Joined: 29 Jun 2013 Posts: 512
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Post: #279 Posted: Fri Jan 17, 2014 2:53 pm Post subject: |
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options data now suggests even 6000 on the nifty is not safe...i might be totally wrong and the markets might go new highs from here..but i can see all the puts from 6200 to 6000 cutting oi...wait for EOD options data and today's close.... |
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yashrahul Yellow Belt
Joined: 29 Jun 2013 Posts: 512
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Post: #280 Posted: Fri Jan 17, 2014 3:00 pm Post subject: |
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5900 put seeing huge accumulation...i don't expect the markets to go so low but the options data is suggesting that 6150 is definitely going to break...wait for EOD options data..today's close should be below 6250 NS ...i might be wrong |
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yashrahul Yellow Belt
Joined: 29 Jun 2013 Posts: 512
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Post: #281 Posted: Fri Jan 17, 2014 3:26 pm Post subject: |
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Unfortunately market not closing below 6250....Markets are in confusion mode today..options data points to further fall but market still closing above 6250...market close is not that bad but i still feel next week looks weak....i might be wrong... |
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PS Trader White Belt
Joined: 22 Sep 2013 Posts: 101
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Post: #282 Posted: Fri Jan 17, 2014 3:32 pm Post subject: |
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yashrahul wrote: | Unfortunately market not closing below 6250....Markets are in confusion mode today..options data points to further fall but market still closing above 6250...market close is not that bad but i still feel next week looks weak....i might be wrong... |
yes, as you said, markets are in confusion as they eye on RIL results. |
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PS Trader White Belt
Joined: 22 Sep 2013 Posts: 101
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Post: #283 Posted: Fri Jan 17, 2014 3:34 pm Post subject: |
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yashrahul wrote: | as mentioned in yesterday's post at 2.07 in the afternoon...market has come down 60-70 points from the top.. |
Great. Thanks. |
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yashrahul Yellow Belt
Joined: 29 Jun 2013 Posts: 512
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Post: #284 Posted: Fri Jan 17, 2014 6:26 pm Post subject: |
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Note:As mentioned in my posts today i still feel that the markets are going to crack 6150 soon...6300put has cut oi of more than 9 lakhs in oi...6200 put has cut oi of more than 8 lakhs in oi (read my notes for this january series i have been waiting for 6200 put to cut oi since the start of the series...and atlast today it happened)...even 6100 put and 6000 put has also cut oi...subsequently 6300 call lost huge premium it was written definitely...6200 call has started to show signs of being written with addition of more than 4 lakhs in oi....overall options data shows that we are in for huge correction ahead...in the weeks ahead options data will tell us the coming trend but as of now 6150NS is in danger is what today's options EOD data points to ...i might be wrong and the markets may bounce back from these levels....best luck.... |
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turtlecsi White Belt
Joined: 28 Jan 2010 Posts: 196
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Post: #285 Posted: Fri Jan 17, 2014 8:11 pm Post subject: |
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Good Analysis...
Thanks. |
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