Observation in option chain..Levels which are sealed in option chain eventually give up and give up fast..In current series its 5800..This goes in sync with the big fast C wave coming up..Also BN leads Nifty..Trigger for this may be todays bernanke's speech..Also we are looking at jnsar trigger short soon..
Goodmorning master and all friends10 lakhs added in 6000 calls7.31 lakhs added in 5900 puts so far
@ anmpatel,In 5 min chart, 5937 to 5990, a 5 sub-waves done.5911-5954-a5954-5930-5954-5937-b5937-5990-c.If it does not breach "5954" and moves higher, the possibility of relabeling as "12345" arises from 5911 lows.
Thanx Shriram sir for reply usually I see At any strike price if addition more than 14 lakh then strikeact as ceiling for niftySir , this is my observation only I may be wrong I m a slow learner
@Manishjust dont look at OI addition do look at price too.as we need to define that strikes are building LONGS or SHORTS!at your case-6000 CE OI is up with Rise in the Price (nominal) shows LONG building - Bullish5900 PE OI is up with Fall in price shows Short building - BullishRegards
@ Amol Sharma,Next time, you'll be marked SPAM forever.
Have a close tab on these OPTION OI data as yesterday some one rightly said that "OPTION OI data change very fast" specially for nearest OTM options.
Lots of Hedge Funds have again become active in India in last few months and they have major OI in options.Very difficult to interpret these days, cause they play long in options big time either directional or as a hedge.And these are the funds due to which the FII figures in options are these days plus of 1000crs every now and than. They are famous for causing volatility as well as sudden change in OI picture.Just for Info.
@ prakashbkc:6k CE OI intra add is 10lacs , is it not ?I hv not seen this obsv which you mention. For now the oscill action on Hr, coupled with OI & price > 5DEMA / St.wkEMA , suggests chances of NS being stable, as long as 5DEMA holds or the 61.8% of (5913-5990), i.e 5942 NS ruffly? As said, first seek to form the view, dont rush it.
@ SJkolkataThanks for the info, its really important info for all who study OI closely as the % of relevance of data is major factor which is directly proportional to "margin of error" during any study.
There was one of these hedge funds which created huge long position in 5600 call current series in the last 2 days of last series as well as in very early part of the series and than started buying heavily in Index futures to manipulate the markets.They have liquidated their position day before yesterday as well as yesterday. Thats the reason on a down day 5600Ce shed 7.50lks yesterday.
I must agree Ilango sir is legendary in his assessment of markets. Kudos to you sir !!
SJK - that's good for a "trander" like me.:) inbetween the "premium nifty grinder" will grindddddd O grindddddddddd.. v the small players
Ding A D,Yesterday 5600CE saw a liquidation of appr 40%+.
Mam,HA HA,your grinding this time which side???
@ SJkolkata these funds fall under which category? FII, DII, PRO or CLIENT?
@ ilango Sir,With the new low in BankNifty, can we say the bearish scenario is more likely now as per EW? Thanks
Seems all lows are being bought? Or trap for bulls. Shorted at h3. Lets c
Ding A D,All foreign funds fall only under one category and that's FII,Rest of classification ie Pro and Client is only for domestic brokerages and DII, you know well.If you get sub classification of FII data under Pro and Client than that means for example Morgan ( as a registered broker) holding personal position in PRO and client positions in CLIENT. But unfortunately these details are not available in public domain.
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-5949, S1-5865, R1-6053, ATP-5984, VWAP-5984The 6000CE writers have overtaken the 5900PE writers by a small margin and Nifty Future around VWAP, waiting for the next course of action…Thanks & Regards
Retrace for the intraday fall from 5990 to 5963: 61.8%-5980; 80%-5985.Retrace for thelast rise from 5937 to 5990: 61.8%-5957; 80%-5948.
MasterUr in full flow today, missed this ysday :-)Time for sapad, Bon Appetit !
@ Sonu,It increases the possibility. Let the price confirm it.Presently, "rises" have not been able to sustain the resistances, finding selling pressure. And selling pressure is not strong enough yet to break & sustain below "5970".
Thanks Sir.One more query:Considering downmove started from 5990 with wave-1 of smaller degree --> as long as wave-2 does not retrace more than 100% of wave-1, the downmove should be considered intact. Then what is the reasoning behind considering 80% of intraday fall? Just for educational purpose.thanks for clearing so many doubts from me. You have been really very patient with your disciples. Cheers :)
HELLO FRIENDS,any news on hindustan uniliverstock up 39 rs
HUL alone carrying the bulls cart :)
@ @ Sonu,When dealing with retracements for "zigzag corrections", the 80% comes quite handy.Exceptions to it are "Flat corrections", Triangles and "ii"nd waves.
Hello traders,ITC & HUL only two stocks holding nifty by 25 points !!!!If there is a rise in Volumes then can we consider that money is now moving to conservative consumer stocks? sign of weakness?
sir - chances are there for "bus breakdown"??
@ Sujatha,Bus will pick up speed in a downhill...!!!
Thanks for explanation. Me too waiting for 3rd to show its magic
sir you too :) feeling something fishy - going to Malai adivaram marubadiyum oru murai
HUL and ITC being heavyweights, its only nifty management.
look at bank nifty BEAR attack.Nifty will follow ?? then 5813 sooner .
sir - your song working.. adi vaa
Bank Nifty getting butchered with huge OI Build up.
last day high taken out!
sir - keeeeeell thirupathi varaikkum poguma vandi?? kanakku ekku thappa egirudhu.. expecting ur post
correct @ Ding A Dong ! Now we watch the retrace till 5920-9525 approx...with some support at daily pivot..!!!
This driver has hit the accelerator !!!!
pata nahi, sub chuhe kaha chale jate hai jub Sir is tarah nikalte hai.Jnsar apni jagah hai, par kya aaj Sir ne apna bias clear nahi kiya.are koi to aao samne.
jai ho jai ho
sir - :) super song.. it;s happy to see that u r in "casual joking mood" instead seriously giving replies to all am out with the day's low.. it may start grind for some time is my guess.. fall comes no probs. another 20-30 pnts for my brothers and sisters - 2 rounds full :D enough for the day..
New Post Done.
testing 11th close!!!
amol sharma ji naau ho kya aap kyu ki sabhya brahmins se ye expected nahi rehte kripa kar apne naam ke ijjat kare. llango sir jaise bhagwan jase insan ko ijjat karna sekhe