quick OI check...5k,4.9k,4.8k PE almost equally balanced in morning (arnd 48L in OI )..so very strong supports..Reliance,icici bk weak down 1%.. 5K Call also adding OI..now arnd 48L..so a hazy picture..lets see if any significant change comes...
Hi Ilango I am not getting Hourly opening rates for NIFTY for 15th, 16th & 17th December. Pls send me the rates whenever you get time on my email ID voramit@yahoo.co.in
I think nifty will test 4900-4860.My position so far 5000PE @67 carried from last week and today bought ITC 250CA @2.60, will buy some more ITC if nifty takes support @4900-4925-4940
Ilango my chart is missing some data I think if possible for your kindly send me again the updated excel sheet today so that I can get correct data.I request you when u update the blog kindly update open,high,low & close rates if possible for you.
Prosenjit 5000 PUT Option also added significant Open Interest which comes to 2nd highest. It seems that Traders writing calls of 5200,5100 & 5000 and buying 5000 put. Now it seems Nifty could not able to break 5100 as it has having highest Open Interest. Yes BEARS having upper hand now.
todays' first 15 min opening range was 4997 to 4970...so as per this range there was break down.. so why we didnt short? just because it was oversold as per hourly stochastic? When the opening range breakout or breakdown works?
Nifty seems to be doing the "Red" marked path of "PreMarket View". In such a case, it should find resistance @ 4995-5005 and then fall again to new lows and then rally big.If that rally stops @ 5040-5050, more lows possible. If not today's low may hold.(i.e the next low).
If you check the premarket view with range given, you should be able to trade. It is not yet a reversal. Hence, trade taking 30-40 points or whatever your exp. suggests. Once you make your points for the day..Hold the profits by not making flimsy trades but wait for good opportunities..
One observation...plz correct me if am wrong........I feel, seeing at the huge accumulation at 5000 CE, it might also be understood this way....that, long straddle being played out...ie., people are buying it and writing it to signify that market would be in the range of 4940 (5000-60) and 5060 (5000+60)......this double play "might" be showing as huge addtion...........this is my understanding.....
plz comment if otherwise......and what would be Illango sir's point here ?
5000 stands exactly at the middle point of this month's range of 4807 to 5183.So major activity may be possible in this area. I would say 4900-4920 to 5060-5080 is a present trading range.
My knowledge on OI is limited as I rely more on EW & TA & experience.
ka, 5L OI addition in 5000PE can be covered in mins.See the tall building bears are making @5000CA.Its just a shift of bear camp from 5100-5200 to 5000.5L OI in 5000PE can turn to -10L OI even.... :) remember what happened on friday.
But dont expect market to crash to 4600-4700.It is well supported.
Those who sold/wrote 5200CA @24 keep holding without any tension to profit all the premium.
hi guys, everyone expecting the mkts to be range bound. i think the volatility might increase. it wud recommend to buy a 5000 call and put now. a wild swing any way might give huge profits. only risk is mkts remaining range bound and eating up premiums. so buy 5000 ce and pe. or to be a lil safer 4900 ce and 4900 pe.
Hi, IDFC, HUL, ITC, SBI, ICICI, RIL, can be brought at this levels for 2 days.. Above stocks SCO values came down below 10... Sure will bouce back with in few days.. SAFE BUY in the money call options.. : Anandan.R
bought one 4900 pe at 48. and call at 112. total premium outflow is 160 rs...lets review this in the coming days.. @ akhil options data suggests the swing might come on the downside...and that being the 5th down..cover ur shorts and go long. and if ur expecting a swing, the above strategy will give u good profits.
5000 call added 18.51L in OI so far and 5000PE OI added 4.8L ( earlier it was abv 5L).
18.5L OI addition with total OI of 63.7L does suggest to be short for time being, small bounces may come here and there but 63.7L OI in 5000 call will be hard to get past.
Btw 4900 put added 5.3L with total OI of 53.15L.
Added to my position sold 5000CA @65, will cover today day end.
Ilango sir,i morning preview, it was given range 4950-5030 and red possibility gives up 4th wave after this, so sud positional shorts sud be closed here?
48 comments:
quick OI check...5k,4.9k,4.8k PE almost equally balanced in morning (arnd 48L in OI )..so very strong supports..Reliance,icici bk weak down 1%..
5K Call also adding OI..now arnd 48L..so a hazy picture..lets see if any significant change comes...
Going long for intraday @ 4960-4970.
Hi Ilango I am not getting Hourly opening rates for NIFTY for 15th, 16th & 17th December. Pls send me the rates whenever you get time on my email ID voramit@yahoo.co.in
Regards
Amit
Ok..Amit
Long @ 4965.Target 5000+; SL 4955
Ilango, What is your SAR for your longs ?
I think nifty will test 4900-4860.My position so far 5000PE @67 carried from last week and today bought ITC 250CA @2.60, will buy some more ITC if nifty takes support @4900-4925-4940
This is just an intraday call. Positional Shorts remain.
Good Morning all..Congrats Prosenjith on ur profits
Cheers
Akhil
significant change noted in 5kCalls now...fresh 8L added so far..puts tally remains same
hmmm, so far 5000 call added 7.71L in OI and 5000 put added 1.11L in OI.
Bears are stronger so far.
Ilango my chart is missing some data I think if possible for your kindly send me again the updated excel sheet today so that I can get correct data.I request you when u update the blog kindly update open,high,low & close rates if possible for you.
Regards
Amit
Hii Ilango sir,can i add more shorts near 5015 (high ema)as i covered half on friday)for positional?
Prosenjit 5000 PUT Option also added significant Open Interest which comes to 2nd highest. It seems that Traders writing calls of 5200,5100 & 5000 and buying 5000 put. Now it seems Nifty could not able to break 5100 as it has having highest Open Interest.
Yes BEARS having upper hand now.
Regards
Amit
Bought at 5060
sorry,bought at 4960
Dear Sir,
todays' first 15 min opening range was 4997 to 4970...so as per this range there was break down.. so why we didnt short? just because it was oversold as per hourly stochastic?
When the opening range breakout or breakdown works?
I am long @4968.
Hi..Bizagra,
Nifty seems to be doing the "Red" marked path of "PreMarket View". In such a case, it should find resistance @ 4995-5005 and then fall again to new lows and then rally big.If that rally stops @ 5040-5050, more lows possible. If not today's low may hold.(i.e the next low).
Hello Illango sir..Good morning.....am long at 4968 as purely intraday play....what are the prospects for this trade ? How should i play it out ?
Thanks in advance
Dear Ilangoji,
Good intra-day (and instant call) for Nifty long at 4060-4070 ! Working so well!
Excellent call Ilango...Ur a magician of this market :).
Cheers
Akhil
12.68L added in 5000 call so far :O
5k call adding moreOI...reliance has turned around..now up y 2%
Hi..ka,
If you check the premarket view with range given, you should be able to trade. It is not yet a reversal. Hence, trade taking 30-40 points or whatever your exp. suggests.
Once you make your points for the day..Hold the profits by not making flimsy trades but wait for good opportunities..
One observation...plz correct me if am wrong........I feel, seeing at the huge accumulation at 5000 CE, it might also be understood this way....that, long straddle being played out...ie., people are buying it and writing it to signify that market would be in the range of 4940 (5000-60) and 5060 (5000+60)......this double play "might" be showing as huge addtion...........this is my understanding.....
plz comment if otherwise......and what would be Illango sir's point here ?
hi..Ka,
5000 stands exactly at the middle point of this month's range of 4807 to 5183.So major activity may be possible in this area.
I would say 4900-4920 to 5060-5080 is a present trading range.
My knowledge on OI is limited as I rely more on EW & TA & experience.
Sir,
Reliance has been moving upwards and Nifty too. Sir can the formation in reliance 1 min chart be considered as flag and pole?
5k call has added lot of open interest...15L till now...but addition is going on in 5k put too..so its confusing
Thank you sir...all probable theories seem to suggest 4920-40 / 5060-70......let us see and that be a another learning !!
ka,
5L OI addition in 5000PE can be covered in mins.See the tall building bears are making @5000CA.Its just a shift of bear camp from 5100-5200 to 5000.5L OI in 5000PE can turn to -10L OI even.... :) remember what happened on friday.
But dont expect market to crash to 4600-4700.It is well supported.
Those who sold/wrote 5200CA @24 keep holding without any tension to profit all the premium.
Thanks Prosenjit.. for your OI update...
Thanks,
Ramesh.
ilango ji ,
could you please update your hourly chart for 12 as till now i was having trouble with my net.
Thanks
Dear Prosenjit,
Thanks for all ur suggestion, ITC 250CA now at 2.30 is it ok to go for it now.
Sanjay
Thanks to all and everyone here who are helping us to gain some profit.
hi guys,
everyone expecting the mkts to be range bound. i think the volatility might increase. it wud recommend to buy a 5000 call and put now. a wild swing any way might give huge profits. only risk is mkts remaining range bound and eating up premiums.
so buy 5000 ce and pe. or to be a lil safer 4900 ce and 4900 pe.
regards,
ankit
Hi, IDFC, HUL, ITC, SBI, ICICI, RIL, can be brought at this levels for 2 days.. Above stocks SCO values came down below 10... Sure will bouce back with in few days.. SAFE BUY in the money call options.. : Anandan.R
4959.45 4991.75 4959.40 4988.30
12:00 nifty
Thanks a lot @mok
13:00 4988.90 4991.55 4973.30 4978.80
welcome Renu
33% change in OI of 5000 calls.which is big as per Alex.I am expecting some wild swing..
Any guess which side ?
Cheers
Akhil
Illango sir......seems 4970-75 holding strong...and seems not much jitters from FTSE........can we go long now for a small target ?
Marketpulse,
Wait for ITC call.Although I bought 1 lot 250CA@2.60, will not add more till 4900-4925 comes or 5025 is crossed.
Small bet but why to risk now.
bought one 4900 pe at 48. and call at 112. total premium outflow is 160 rs...lets review this in the coming days..
@ akhil options data suggests the swing might come on the downside...and that being the 5th down..cover ur shorts and go long.
and if ur expecting a swing, the above strategy will give u good profits.
regards,
ankit.
@ankit,
would be interesting ... strategically
Thx Ankit for the suggestion.
RIL is not moving again keep an eye on it.It has to move for nifty to move big.
Cheers
Akhil
5000 call added 18.51L in OI so far and 5000PE OI added 4.8L ( earlier it was abv 5L).
18.5L OI addition with total OI of 63.7L does suggest to be short for time being, small bounces may come here and there but 63.7L OI in 5000 call will be hard to get past.
Btw 4900 put added 5.3L with total OI of 53.15L.
Added to my position sold 5000CA @65, will cover today day end.
Ilango sir,i morning preview, it was given range 4950-5030 and red possibility gives up 4th wave after this, so sud positional shorts sud be closed here?
Europe opens Positive.Bought Nify @4960.
Cheers
Akhil
For live World market use : http://www.livecharts.co.uk/MarketCharts/futsee.php
Sorry..I was disconnected.
Have updated the charts & Tech. Table in a new post.
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