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OPEN INTEREST IN NIFTY OPTIONS |
yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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Post: #511  Posted: Wed Jul 09, 2014 10:30 pm Post subject: |
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Note:Writing seen in most of the calls today going into the budget,7500 is the crucial support as it has the highest oi..if something unexpectedly positive comes out of the budget then only we can see a fast rally towards 7650-7700 levels otherwise bulls will have to defend the 7500 levels with all their might as early signs of even 7600 call being written is seen....tomorrow be very cautious in nifty options...best luck  |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #512 Posted: Fri Jul 11, 2014 10:04 am Post subject: |
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| 7500 and 7600 put are most probably getting written...markets are going to go up...i may be wrong...since markets are very volatile since yesterday take care |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #513 Posted: Fri Jul 11, 2014 10:25 am Post subject: |
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yesterday the markets were all over the place hence it is difficult to say today who is writing calls/puts,who is buying...but some points worth mentioning now
1.7500 and 7600 put is continuously adding oi along with some factors which are hard to explain here along with slight erosion in premium ...this generally happens when such puts are written
2.7800 and 7900 call are shedding oi continuously along with some factors which are hard to explain here...simplest way to understand ...if they were written yesterday then this is bullish sign.
hence the conclusion that markets are going up ..it might turn out to be opposite and the markets may go down badly...but follow strict stop losses as per nifty futures...best luck. |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #514 Posted: Fri Jul 11, 2014 10:32 pm Post subject: |
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note:Things went horribly wrong today in the markets..things changed dramatically in the afternoon..the puts which were getting written were covered and calls started witnessing writing..as of now the 7500 call and 7600 call have witnessed writing and the support has shifted to 7300 from 7500...a big move of 100 points and a close at those levels on the nifty on the upside can make things change dramatically back in bulls favour..the series is still half done..so lets see what the other half of this month holds for us...follow strict stop losses as per nf as volatility has increased a lot...best luck  |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #515 Posted: Sun Jul 13, 2014 11:16 am Post subject: |
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| yashrahul wrote: | | note:Things went horribly wrong today in the markets..things changed dramatically in the afternoon..the puts which were getting written were covered and calls started witnessing writing..as of now the 7500 call and 7600 call have witnessed writing and the support has shifted to 7300 from 7500...a big move of 100 points and a close at those levels on the nifty on the upside can make things change dramatically back in bulls favour..the series is still half done..so lets see what the other half of this month holds for us...follow strict stop losses as per nf as volatility has increased a lot...best luck |
Sorry
Didnt get what you want to convey
Please clarify |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #516 Posted: Sun Jul 13, 2014 11:41 am Post subject: |
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| saumya12 wrote: |
Sorry
Didnt get what you want to convey
Please clarify |
Friday Highest OI change in call option,strike is 7500.So its strong resistance in positional trend.
Friday Highest OI change in put option,strike is 7300.Its previously 7500 in morning session(Bulls loosing their support).
Now nifty spot is 7464,"yashrahul" think,nifty if close above + 100 points at the current level then nifty trend can change to bulls favor.
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #517 Posted: Sun Jul 13, 2014 7:14 pm Post subject: |
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| welgro wrote: | | saumya12 wrote: |
Sorry
Didnt get what you want to convey
Please clarify |
Friday Highest OI change in call option,strike is 7500.So its strong resistance in positional trend.
Friday Highest OI change in put option,strike is 7300.Its previously 7500 in morning session(Bulls loosing their support).
Now nifty spot is 7464,"yashrahul" think,nifty if close above + 100 points at the current level then nifty trend can change to bulls favor.
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seriously doubt it.....for trades "if" possibility is really 'empty' and needs some 'basis' .....but good think if your OI data has relevance is that it helps to place the stop for short positions....so i am currently out...but if i take short...shall place stop loss at 7580 NF...... |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #518 Posted: Mon Jul 14, 2014 1:43 pm Post subject: |
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| Huge writing seen in 7500 call and 7600 call since morning,first hint of 7500 call writers starting to unwind,market now showing first signs that it may go up..i may be wrong ...follow strict stop losses as per nf ....as small bounce back might come about..but overall the markets are looking weak...best luck |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #519 Posted: Mon Jul 14, 2014 2:24 pm Post subject: |
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| yashrahul wrote: | | Huge writing seen in 7500 call and 7600 call since morning,first hint of 7500 call writers starting to unwind,market now showing first signs that it may go up..i may be wrong ...follow strict stop losses as per nf ....as small bounce back might come about..but overall the markets are looking weak...best luck |
now 7500 call has again added very high oi again...upside seems difficult...a very very fast move on upside is needed otherwise markets don't look like moving up much... |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #520 Posted: Mon Jul 14, 2014 8:24 pm Post subject: |
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| Note:huge writing in 7500 and 7600 calls...gap up of 50 to 60 points on the nifty will hurt the bears badly...as mentioned in my post on 11 Jul 2014 22:32,we need a 100 points nifty move on the upside and a close on those levels for that day...today's closing candles in last half an hour on lower tf were good...options data still is very much in favour of bears...lets see whether oi tomorrow still remains in favor of bears or starts slightly to favor the bulls....best luck... |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #521 Posted: Tue Jul 15, 2014 9:54 am Post subject: |
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| 7500 put,7400 put and 7300 put getting written,7500 and 7600 call cutting oi,market is opening up on the upside again...today's close is crucial...above 7550 nf will be best for the bulls for now...i may be wrong...best luck. |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #522 Posted: Tue Jul 15, 2014 12:23 pm Post subject: |
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| yashrahul wrote: | | 7500 put,7400 put and 7300 put getting written,7500 and 7600 call cutting oi,market is opening up on the upside again...today's close is crucial...above 7550 nf will be best for the bulls for now...i may be wrong...best luck. |
options data has started again to favor the bears,today's rally was sold into than bought...very volatile markets....keep strict stop losses on nf...take care |
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sonshu101
White Belt
Joined: 24 Nov 2011
Posts: 79
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| Post: #523 Posted: Tue Jul 15, 2014 12:41 pm Post subject: |
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| 7500 PE still have increase in OI of 6L plus and 7500 CE unwinding 40000. Does not this mean some recovery. I know 7600 CE has huge OI addition so that can become ceiling |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #524 Posted: Tue Jul 15, 2014 10:05 pm Post subject: |
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| sonshu101 wrote: | | 7500 PE still have increase in OI of 6L plus and 7500 CE unwinding 40000. Does not this mean some recovery. I know 7600 CE has huge OI addition so that can become ceiling |
7500 call was bought and 7600 call was written yesterday,but overall 7500 call was written over the past 3 to 4 days,hence i mentioned that options data was favoring the bears more than the bulls..in the end 7500 call shed close to 4 lakhs in oi these were the ones who had shorted calls at 7700-7800 levels on the nifty..the cut in oi allowed the bulls to make a comeback...today in the end u were proved correct...congrats...and best luck |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #525 Posted: Tue Jul 15, 2014 10:15 pm Post subject: |
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| yashrahul wrote: | | Note:huge writing in 7500 and 7600 calls...gap up of 50 to 60 points on the nifty will hurt the bears badly...as mentioned in my post on 11 Jul 2014 22:32,we need a 100 points nifty move on the upside and a close on those levels for that day...today's closing candles in last half an hour on lower tf were good...options data still is very much in favour of bears...lets see whether oi tomorrow still remains in favor of bears or starts slightly to favor the bulls....best luck... |
Bulls have got what they wanted..the challenge is sustenance of NS above 7500 for 2 to 3 days...some otm puts of august were far from their intraday lows even though the nifty was above its intraday high during the last half hour...so i feel the sustenance of NS for 2 to 3 days on closing basis above 7500 is absolutely necessary...best luck
Last edited by yashrahul on Tue Jul 15, 2014 10:29 pm; edited 1 time in total |
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