Tuesday, July 6, 2010

Nifty Intraday Update-III

At 3.10PM:
Sagar has left a new comment on your post "Nifty Intraday Update-III":

Yesterday, Call writing was done @ CE 5300 TO 5600 str pricw.
Today, since morning when NIKKI pull back more than 2% from its bottom before
our market open, trader started covering those call or hedge it from put.
Now Puts is being written across the board.
Sagar
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At 2.38PM:

ka has left a new comment on your post "Nifty Intraday Update-III":

5400 and 5500 CE is seeing rapid OI addition while 5600 is seeing slight covering of their writtern contrats. bullish scenario !
5300 CE writing is also seeing liquadaiton.

while on put side, 5200 and 5300 is seeing slow build up and 5200 is carrying huge pile of 87 lacks for this series.

regards
golfdude has left a new comment on your post "Nifty Intraday Update-III":

OI ( CE/PE in lakhs )

5200 - 32/82 at open, 31/87 now
5300 - 60/53 at open, 58.5/55.5 now

Manni has left a new comment on your post "Nifty Intraday Update-III":

Sir,

Unwinding at 5200-5300CE & buildup at 5400-5500CE....Put buildup at 5100-5300PE....
5200PE has highest OI (87.5lacs) and 5500CE highest OI (82.7 lacs)

Though I feel more unwinding in calls & selling in puts will be visible at eod.

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At 2.28PM:
Saif has left a new comment on your post "Nifty Intraday Update-III":

Sir,,5300 Call has shed some OI today...not much but a 2% reduction so far..5500 Call has highest OI at near 83L...5400 at 78L and 5300 at 60L...
and of course 5200 put has a major buildup at 83L
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OI experts may please post your views. I'll repost them here.

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The Prices are above the most critical High emas for upward momentum.

Fast Rise giving further boost for the furious 5th wave (See Chart below).

21 comments:

Saif said...

Sir,,5300 Call has shed some OI today...not much but a 2% reduction so far..5500 Call has highest OI at near 83L...5400 at 78L and 5300 at 60L...
and of course 5200 put has a major buildup at 83L

Fire said...

Ilangoji,

You don't know how much joy I felt when I saw your headline about the confirmation of the fifth wave. I could embrace you rightaway if you were in front of me. Now my greedy question is --- what could be the targets for this fifth wave? What could be the most conservative estimate?

Unknown said...

5400 and 5500 CE is seeing rapid OI addition while 5600 is seeing slight covering of their writtern contrats. bullish scenario !
5300 CE writing is also seeing liquadaiton.

while on put side, 5200 and 5300 is seeing slow build up and 5200 is carrying huge pile of 87 lacks for this series.

regards

golfdude said...

OI ( CE/PE in lakhs )

5200 - 32/82 at open, 31/87 now
5300 - 60/53 at open, 58.5/55.5 now

Manni said...

Sir,

Unwinding at 5200-5300CE & buildup at 5400-5500CE....Put buildup at 5100-5300PE....
5200PE has highest OI (87.5lacs) and 5500CE highest OI (82.7 lacs)

Though I feel more unwinding in calls & selling in puts will be visible at eod.

Unknown said...

month high ema of 5298 is the one left...but its matter of time its taken off given the environment..

Manni said...

Also Euro trading near 1.26 levels (major hurdle)....if able to cross...rally towards 1.29-1.32 on d cards.

Sukanya said...

testing

Mr GG said...

Hi Ilango,

I am waiting for the break above 5300(trendline resistance) OR a close above
Day High EMA (5288 currently) to reverse position.

But if this is the 5th Wave - another fantastic call for you and a perfect
example of the Livermore quote that you have.

satheesh said...

Sir,

In Tatasteel can we consider the "C"wave marked in the weekly fmacd chart is over and the next wave 1 has begun?

Fire said...

USD-INR suddenly rose in staright line from the day low to new high!

Sagar said...

Yesterday, Call writing was done @ CE 5300 TO 5600 str pricw.
Today, since morning when NIKKI pull back more than 2% from its bottom before
our market open, trader started covering those call or hedge it from put.
Now Puts is being written across the board.
Sagar

Fire said...

Polaris looking like all set to reach its 52-week high of 204 and beyond.

Dinesh Rishi said...

test comments

Mr GG said...

Strong close today above High EMA. Most probably a gap-up
tomorrow to breakout of the channel.

golfdude said...

What was that last minute red bar in Reliance futures ? 3.5L in volume. And we stayed in the channel. Looks like a down day to 5220 again. We have already done this pattern twice in this channel.

mynac said...

Dear Ilango,
At the end there was addition of 18 lac O.I. in NF but the final bhavcopy will be the correct one to decide regarding addition but there was no short covering seen intra day in NF.In spite of the up move The volume for the day is also not too encouraging NSE cash 10043 Cr + NSE FNO 59193 Cr + BSE 3763 CR = 72999 Cr. Only.From the volume and movement my guess up to evening ( Up to NSE Stat.copy),that DII were net Buyers and FII net sellers.I can be wrong,so let us see in the eve. Till then Bye.

mynac said...

Dear Ilango,
From last few days, I have observed and noticed that One of our Blogmate MR GG has posted very nice and studied views.His comments have very nice depth due to study.So I would like to know the intraday Timing of the following comment which he posted during market hours.Because I definitely respect and give importance for his views too"Does this look like a fast fall setup,The fast fall signalled 5 days ago & is in the falling mode but OS.(@ Rsi Support)"
Thanks.

Sanjay said...

gfdg

mynac said...

Dear Ilango,
I think so, not sure, but the chat shop could be the option in today's type of problem,if occurs in future.Pl. confirm it from Dear mok.

Mr GG said...

Hi Mynac - thank you :).

The first part of the comment was mine around 10:00AM.

The second part was Ilango's reply to my question on the fast fall setup.

On the 'quote-hanger' - here is one that is my current fav.
When George Soros heard that his fund manager had a position of 1B short the pound - He asked
him derisively 'You call that a position'. At the end of the conversation the fund manager doubled
his position and the rest is well known.

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