Wednesday, July 17, 2013

Nifty Intraday Update-II


Obsessive Lover said...

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..

Manish said...

Goodmorning master and all friends

10 lakhs added in 6000 calls
7.31 lakhs added in 5900 puts so far

Ilango said...

@ anmpatel,

In 5 min chart, 5937 to 5990, a 5 sub-waves done.


If it does not breach "5954" and moves higher, the possibility of relabeling as "12345" arises from 5911 lows.

prakashbkc said...

Thanx Shriram sir for reply usually I see At any strike price if addition more than 14 lakh then strikeact as ceiling for nifty

Sir , this is my observation only I may be wrong
I m a slow learner

Amol Sharma said...
This comment has been removed by the author.
Ding A Dong said...


just 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 - Bullish

5900 PE OI is up with Fall in price shows Short building - Bullish


Ilango said...

@ Amol Sharma,

Next time, you'll be marked SPAM forever.

Ding A Dong said...

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.

SJkolkata said...

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.

shriram said...

@ 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.

Ding A Dong said...

@ SJkolkata

Thanks 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.

SJkolkata said...

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.

Aijaz said...

I must agree Ilango sir is legendary in his assessment of markets. Kudos to you sir !!

Sujatha said...

SJK - that's good for a "trander" like me.:) inbetween the "premium nifty grinder" will grindddddd O grindddddddddd.. v the small players

SJkolkata said...

Ding A D,
Yesterday 5600CE saw a liquidation of appr 40%+.

SJkolkata said...


your grinding this time which side???

Ding A Dong said...

@ SJkolkata

these funds fall under which category?

Sonu said...

@ ilango Sir,

With the new low in BankNifty, can we say the bearish scenario is more likely now as per EW?


Prabhanshu said...

Seems all lows are being bought? Or trap for bulls. Shorted at h3. Lets c

SJkolkata said...

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.

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-5949, S1-5865, R1-6053, ATP-5984, VWAP-5984

The 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

Ilango said...

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.

shriram said...


Ur in full flow today, missed this ysday :-)

Time for sapad, Bon Appetit !

Ilango said...

@ 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".

Sonu said...

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 :)

sushil said...

any news on hindustan uniliver
stock up 39 rs

Sonu said...

HUL alone carrying the bulls cart :)

Ilango said...

@ @ Sonu,

When dealing with retracements for "zigzag corrections", the 80% comes quite handy.

Exceptions to it are "Flat corrections", Triangles and "ii"nd waves.

Ding A Dong said...

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?

Sujatha said...

sir - chances are there for "bus breakdown"??

Ilango said...

@ Sujatha,

Bus will pick up speed in a downhill...!!!

Sonu said...

Thanks for explanation.
Me too waiting for 3rd to show its magic

Sujatha said...

sir you too :) feeling something fishy - going to Malai adivaram marubadiyum oru murai

SJkolkata said...

HUL and ITC being heavyweights, its only nifty management.

Amol Sharma said...

look at bank nifty BEAR attack.
Nifty will follow ?? then 5813 sooner .

Sujatha said...

sir - your song working.. adi vaa

SJkolkata said...

Bank Nifty getting butchered with huge OI Build up.

Ding A Dong said...

last day high taken out!

Sujatha said...

sir - keeeeeell thirupathi varaikkum poguma vandi?? kanakku ekku thappa egirudhu.. expecting ur post

Trader Junkie said...

correct @ Ding A Dong !

Now we watch the retrace till 5920-9525 approx...with some support at daily pivot..!!!

Trader Junkie said...

This driver has hit the accelerator !!!!

SJkolkata said...

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.

Sujatha said...

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..

Ding A Dong said...

testing 11th close!!!

Amol Sharma said...
This comment has been removed by the author.
dharmu mishra said...

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

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