Tuesday, April 6, 2010

Nifty PreMarket View.

Sundar's Observations:-
The range for 6th April based on VIX calculation - 5325 to 5414
.
Open Interest:
5300 Put - 5583250 (+62.43% - Massive OI accumulation)
5200 Put - 7256950 (+7.18%)
5400 Call - 6150300 (16.53%)
5500 Call - 4323900 (15.6%)
Based on OI accumulation in both 5200, 5300 Puts and 5400 Call and 5500 calls, it is obvious that Nifty should trade most of tomorrow between 5300 and 5400. I feel that Nifty should cross 5400 sometime in the morning and selling pressure later in the day should bring it down to 5350 level.
Nifty-VAH: 5352-POC: 5330- VAL: 5328
I am finding difficulty in "Comments section"....It shows 6 comments in the earlier post but it is not showing four of them. Incase it persists, I may update from "Stockwealth" blog.

41 comments:

Ilango said...

Testing...

Ilango said...

Testing

assortZ said...

gm all.

Ilango sir..last week short initiated at 5310,i closed at 5260 on thursday and long initiated at 5280 and closed at 5340 yday..on vocation last week but still able to trade with confidence due to your guidance..thanks for all.

Ilango said...

hi..assortz,

I wish you many more such trades.All the best to you. If time does not permit, stay light...there will be opportunities. Action more in mid cap stocks...Delivery based for a short term can still fetch a decent 10-15%..

It looks the "Comments" problem is sorted out..Could be due to "blogger site" problems..

satheesh said...

Good morning Ilango sir and all

Sir I am with NIL position now. Nifty is almost 80 points up from your buy positin. Maintaining the trend, if I go for a buy today what can be the stoploss positionally?

INDITRADER said...

Gm all

arpitg345(gauresh) said...

good morning ilango sir and other blogmates

-arpit

r m said...

Good Morning all!

Shekhar said...

Ilango Sir,

I have sent you an important e-mail. Please read it thoroughly, it is important for you sir.

shekhar

Anonymous said...

good morning ilango sir,the mp values are nf or cash.
mai i take short positions at 5400

u.k.Raj said...

GM to ALL

u.k.Raj said...
This comment has been removed by the author.
u.k.Raj said...
This comment has been removed by the author.
u.k.Raj said...

Dear Ilango,
Sir shall we consider ORB sell & Hr OB for intraday short in this uptrend?

Piyush Sharda said...

@rangrajan,

mp values for nf

Anonymous said...

piyush thank you,is there any possibility to know nifty cash values

SMALLTRADER said...

gm to all

satheesh said...

Viren,

Good morning. Values for tatasteel please!

SMALLTRADER said...

illango sir ,

any update about tcs please

sadanand balwant said...

Dear Ilango,
I wrote this following yesterday at 12.30 p.m. but did not post it,as it was prepare for Premarket comment.I know still it is or might be madness to say the following in so advance but decided to post as I was getting same problem for posting the comment.Here it is.
Dear Ilango,
Though market has given a close above 5360 very convincingly I WILL BE very CAUTIOUS. As you mentioned Nifty heading to channel top and there could be (or one should say must be or will be) profit booking. Nifty has run so fast and so hard from 4850 to almost 5400,almost 11%, in such a short span that now it requires a halt. Considering the possible up move from here going long? NO. Because, for me upside is limited.In this last leg (Which I consider) 5300 PE has attracted me. Considering the time frame/technical s the premium is attractive. I will have to grab this opportunity. Will wait and act.

Piyush Sharda said...

@i didnt understand ur question still if this clarifies that- mp is always in nf terms and ilango sir levels are always in spot terms. we can take it form here and trade

Prashant said...

Bought @ 5256 Sl 5250 Target 5270

Rajagopal said...

Good Morning All.

Dear Ilango - N50 update sent. Kindly do the needful.

Anonymous said...

thank you piyush for the needful

Unknown said...

Nifty correcting from Overbought levels. Intraday if manages to stay above 5225, will be bullish after this initial dips. Try to buy near 5340-5345 levels with stops at 5225.

www.niftyindicator.com

sadanand balwant said...

Dear Viren,
Thanks,
NF just touched your given figure VAH 5352.Thanks.

Unknown said...

Correction:

Nifty correcting from Overbought levels. Intraday if manages to stay above 5325*, will be bullish after this initial dips. Try to buy near 5340-5345 levels with stops at 5325*.

www.niftyindicator.com

Piyush Sharda said...

@prashant sir,

i guess all 2s shud be replaced by 3s. if possible can u elaborate on which factors u base ur intra trades

Niftybaaz said...

GM to Illango ji and blogmates

regards
vikram

SMALLTRADER said...

Rajagopal Sir,

came to destination?????

Prashant said...

@ piyush sharda
sorry, they should all be threes
This is a trade for a bounce of 10-15 points from the pivot.

Niftybaaz said...

Dear all and Illango ji

can we buy nifty for intraday here?

regards
vikram

Prashant said...

Target achieved in intra-long holding with trailing stop 5365

Prashant said...

As this seems to be the third wave, more upsides may be left. It should be bought on dips at supports. We may even see 5800 this month.

Prashant said...

exited long @5265

SMALLTRADER said...

ANYBODY HELP ME OUT::


Where we can find the corporate result dates(qly,hly& yly)That means website

vicky.. said...

@small trader u can get it at bseindia.com
kind regards....
vicky....

sundar said...

Small Trader,

SEBI made it mandatory for all listed companies to disclose their financial results within 45 days of the end of every quarter. So the dates vary based on the dates announced by the companies. There are no fixed dates for results.

Ilango said...

= = = = = == = = = == = = =

NEW POST DONE

= = = = == = = == = = == =

@ Sekar,

I saw that blatant posting of my "Files" in another forum with false credit name...Kanak..??

Stockgrp said...

Result calendar is given on bse and nse websites. You can find direct link from pickurstock.com
-stockgrp

SMALLTRADER said...

Thank you sunder sir,

Some of the wesites are puting their expected dates

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