For Dec.series, up to date bulls have won the battle, i.e. bears still not able to push down the nifty convincingly down below 5000.The O.I.for FNO for this series was and is the evidence. So it is really tough to predict market up to expire. Commonsense tells that no one likes to roll over position due to uncertainty at current top level so if bulls want to keep the journey up then they will allow Nifty to come down to even up to 4700.So they will able to fill up the fuel for next series vice versa if the world market keep its run & S&P nifty crosses 1120 with big volume then rollover might start above 5020 level.It is still hard to predict. It is also observed that on the first day of new series Nifty’s o.i.used to be between 2.25 cr.to 2.75 cr. Average approx.30 to 50 lakh shares get added i.e rolled over daily prior to expire, and it means that just 4-5 days are enough for this process. So from Friday the serious roll over might start. Jan. series Nifty O.I.is 55 Lac today, it means up to 2Cr O.I. will be get added in coming days. So just write down the addition of O.I.figures from today up to current expire, after market hrs, with high lows of the day. Apart from technical you get a clear cut market view, and you can judge the market yourself along with technicals.Then dear ilango is with us for further technical guidance. Just follow him.
One of the reasons the file size is big because of so many graphs of Week, Day and Hour. I plan to separate them into three files so that one can update the weekly at the week end, the daily at EOD and have the Hour file for active intraday monitoring.
Only hitch will be the Blog data sheet which has links to all these sheets. Let me solve that and send you the files.
Bulls are strong so far.Lets see how the day pan out. In SGX nifty roll over to JAN is been seen below 5000.Looks like close short in dec and opening long in jan, i may be wrong.
Technically the price is reversing by scaling each resistances on the way. Hold the longs created yesterday or at the open. Part book @ 5040-5045 zone. Today's close should give some clues to the strength.
8 comments:
For Dec.series, up to date bulls have won the battle, i.e. bears still not able to push down the nifty convincingly down below 5000.The O.I.for FNO for this series was and is the evidence. So it is really tough to predict market up to expire. Commonsense tells that no one likes to roll over position due to uncertainty at current top level so if bulls want to keep the journey up then they will allow Nifty to come down to even up to 4700.So they will able to fill up the fuel for next series vice versa if the world market keep its run & S&P nifty crosses 1120 with big volume then rollover might start above 5020 level.It is still hard to predict. It is also observed that on the first day of new series Nifty’s o.i.used to be between 2.25 cr.to 2.75 cr. Average approx.30 to 50 lakh shares get added i.e rolled over daily prior to expire, and it means that just 4-5 days are enough for this process. So from Friday the serious roll over might start. Jan. series Nifty O.I.is 55 Lac today, it means up to 2Cr O.I. will be get added in coming days. So just write down the addition of O.I.figures from today up to current expire, after market hrs, with high lows of the day. Apart from technical you get a clear cut market view, and you can judge the market yourself along with technicals.Then dear ilango is with us for further technical guidance. Just follow him.
Hi..Prosenjit,
One of the reasons the file size is big because of so many graphs of Week, Day and Hour. I plan to separate them into three files so that one can update the weekly at the week end, the daily at EOD and have the Hour file for active intraday monitoring.
Only hitch will be the Blog data sheet which has links to all these sheets. Let me solve that and send you the files.
Thanks a lot for your efforts.
Best regards.
ilango
Hi..Illango,
Since the trend is down and your chart shows a bounce till 5025 and then a fall...is it ok for aggressive trader to go short???
2 lakh 5000 calls unwound and 1 lakh 5000 puts add O.I. at 10.15 am
Hi Ilango, I am reading your advice and guidance. My first post to interact. Thanks.
Mahes
Bulls are strong so far.Lets see how the day pan out.
In SGX nifty roll over to JAN is been seen below 5000.Looks like close short in dec and opening long in jan, i may be wrong.
Technically the price is reversing by scaling each resistances on the way. Hold the longs created yesterday or at the open. Part book @ 5040-5045 zone. Today's close should give some clues to the strength.
Dear Prosenjit, Hi, We daily gets your meaningful coments.Thanks for your sharing with Ilango sir.
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