Monday, February 3, 2014

Nifty, being "down" in 3 T/F, kept below "6073-78" & headed towards "5971"-200dsma.


13 comments:

SAM said...

Good evening master and all friends...

Nifty and Bank nifty chart update : Click here

Hemanth said...

Few things for Bears to be cautious About:
1.Hour in Oversold and Day approaching Oversold
2.6000 level protected which can act as a support,if not 200 DMA @5975 as strong Support
3.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.

SJkolkata said...

The answer has come from the FIIs figure. They have bought 1596crs of options today and thats 6000PE.

Prabhat said...

@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?

Squander Star said...

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....

Sanjay Jaiswal said...

@SJKolkata

Who Sold the 6000PE to the FII's???

Prabhat said...

@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?

shriram said...

@ prabhat: VWAP of the 6000 PE is a good approx. of the days avg Buy price

Kiran said...

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.

prakash said...

dow is massively down by 255 pts as of now with 2 hours of trading yet to happen..

Anandha said...

Now a days here too many are speaking which gives wrong understanding.

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