Friday, January 10, 2014

Nifty displays higher T/F trend assertion after taking care of ST T/F TA too..


13 comments:

SJkolkata said...

Prabhat,
If I am correct the link was provided by Sanjay Sir, yesterday.
Pl check.

SJkolkata said...

Prabhat/Shriram,
10lk trade was done in 5700PE with a average an average of 2.29rs while the low is 2.20 in the 2pm candle. Now you know how informed people had cut their shorts at the lowest possible rate and released their margins.
Even for a option writing of 2rs you need to give the exchange a margin of apprx 600rs.

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shriram said...

@ SJK : Thank you.

So, either 2 things..
1. The 57PE writers purposely propped up price & premiums to cover their PE shorts ; or

2. They covered the 57PE shorts as most of the juice was removed from the Strike & they dont expect a fall to 5700 this series.. Hence unlocked their funds & will look for fresh opps. to deploy ?

SJkolkata said...

Shriram,
The buyers have bought it at the lowest possible price, that should mean that now they expect the price to go up and covering 5700PE and at the same time heavy build up of 61 and 62PE on the buy side may be taken as an indication foe deep downside.
Moreover, the CE had unwinded a lot of positions intraday but by the end of day it had accumulated super OI on sell side with prices closing at the low point.
Inference can be highly negative.
As per my experience we get to see the result of these kind of moves in the next trading session only, so lets wait for Monday as trend decider.
Hoping for a black Monday with Masters Ciii pending.

Swami Shivkumaar said...
This comment has been removed by the author.
Muthu Thamizhini said...

IIP Contracts by -2.1%. Great news....

shriram said...

hahah,.... love it.. bring on the pain :-)

Raghavendra said...

Dear Ilango sir,

In the stock wealth blog - Stock ohlc data is mis-aligned from NALCO to Wipro stock list. Request you to update this when time permits.

Raghavendra

Prabhat said...

@SJKolkota: Sir I am ashamed to say I did not understand. Can you please point me to any option studies on this? Sorry to bother you.

Prabhat said...

I am waiting for a deep black monday & the larger trend (downside) to atleast start asserting from next week since currently JNSAR short has triggered & I got some pain today with JNSAR whipsawed out.

We saw that nifty never broke 6150 (pricess sustaining below it for atleast 5 mins) for this week. Wonder what mkts are in place for us next week. Also what I observed this week is that 5 min candle gave more acurate results than the 2 min candle (due to volatility).

Saurabh said...

@Sriram Sir, @SJ Sir, also to assert this view, check historical data on the close below 50DMA for consecutive days... a Waterfall Decline coming..

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