Good evening master and all friends... Nifty and Bank nifty chart update : Click here
thank u sir :)
Few things for Bears to be cautious About:1.Hour in Oversold and Day approaching Oversold2.6000 level protected which can act as a support,if not 200 DMA @5975 as strong Support3.According to Fibinocai time analysis,we can see a technical bounce Tommorow.Seniors and OI experts can throw some light about OI setup at 6000 level.
Namaste Ilango Sir & Blogmates, Bearish: Nifty is just a few points from 200SMA stationed at 5973, will it hold? OI still the highest at 6000PE level, a onetime bounce is possible...: Option Analysis for 03-02-2014Dedicated Option Open Interest BlogDuplicated at Wordpress SiteThanks & Regards,Sanjay Kr Jaiswal
The answer has come from the FIIs figure. They have bought 1596crs of options today and thats 6000PE.
@SJkolkota: What do you mean FII have bought 1596 crs of option? You mean they bought 6000 PE rather than writing it? Even if you consider the closing price itself, 15 lac x 89 = 13.3 crores. How does this relate to 1596 cr?
Guys.... Looking for a top or bottom would haunt us a big time... Lets flow with the trend and let the prices confirm its direction... Sit tight is what our master taught us US & Europe are bleeding already....
@SJKolkataWho Sold the 6000PE to the FII's???
@Sanjay Sir/ Other option experts: 1) What is the average buy price of 6000 put? How do we know this?2) Can anyone point me to a good link for studying option pricing?
@ prabhat: VWAP of the 6000 PE is a good approx. of the days avg Buy price
Ignore what FII is doing, They have confusing setup. It is difficult to know, what they have used for trading and what they have used for hedging. Just follow the price.
dow is massively down by 255 pts as of now with 2 hours of trading yet to happen..
Now a days here too many are speaking which gives wrong understanding.