1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures - Bac
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Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
it does look like that...
Total Chgoi for all calls has come down to 10L and for puts has increased to 13.99L. But looking closely you can see that majority has been writing of 5400PE (10L).
So if you see the non-penny strike prices... 5500-6100.. the chgoi still looks bearish with call chgoi @ 9.8L and puts at 4.9 L
So people are still writing calls
it does look like that...
Total Chgoi for all calls has come down to 10L and for puts has increased to 13.99L. But looking closely you can see that majority has been writing of 5400PE (10L).
So if you see the non-penny strike prices... 5500-6100.. the chgoi still looks bearish with call chgoi @ 9.8L and puts at 4.9 L
So people are still writing calls
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Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
Support level is shifting towards 5700PE. Coming up to 66L now!
In the morning there was unwinding seen in 6000CE but now positive CHGOI is seen.
5900CE OI 52L CHD .9L
6000CE OI 71L CHG 2.7L
5600PE OI 88L CHG 1.3L
5700PE OI 66L CHG 2.64L
5800PE OI 60L CHG 2.3L
imo, may be slightly bullish!
Support level is shifting towards 5700PE. Coming up to 66L now!
In the morning there was unwinding seen in 6000CE but now positive CHGOI is seen.
5900CE OI 52L CHD .9L
6000CE OI 71L CHG 2.7L
5600PE OI 88L CHG 1.3L
5700PE OI 66L CHG 2.64L
5800PE OI 60L CHG 2.3L
imo, may be slightly bullish!
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
09-Jul-13 Option Analysis.
Was out of station Yesterday. Came back just now.
Was thinking this over the week end. One important thing one has to observe is at what strike the MAX CHG in OI is?
For example today NIFTY Trading aorund 5850 But the MAX CHG in OI right now at 5700 PE and 6000 CE, which does not indicate any Strong Bull or Strong Bear. If the Bulls and Bears have to fight, the MAX CHG in OI, needs to be at 5800PE and 5900CE.
So clearly it is a Rangebound market.
The broader the Range where the MAX CHG in OI - The more it would be RangeBound. On Friday CHG in OI was going all over the places and for most of the time it was in 5600PE-6000CE. So after a 100-150 point run in one direction, if the positions are taken at the 5600Pe-6000CE pair for example, it should be taken as a Reversal.
For the morning Session it seems to be BULL and for the afternoon session would be decided based on positions on 5800 PE and 5900 CE.
So during this Rangebound days it is better to be safe and do the Pair Trading.
The 5700PE-6000CE Pair SOLD at around 88 trading now at 79
The risky pair 5800PE-6100CE pair SOLD at around 98 now trading at 86
Just an observation on the 5600PE-6000CE Pair : We sold this pair around 95 and close the positions around 65. Now the pair is trading around 61. Hope the next target for this pair would be 35.
Probably if market goes to around 5880-5930 levels - Should try and close the Pair with 20-25 points profit.
The Key observation : For you to be able to buy Naked Call or Put, the Fight (MAX CHG in OI) should be at the ATM Pair and not at the OTM pair.
09-Jul-13 Option Analysis.
Was out of station Yesterday. Came back just now.
Was thinking this over the week end. One important thing one has to observe is at what strike the MAX CHG in OI is?
For example today NIFTY Trading aorund 5850 But the MAX CHG in OI right now at 5700 PE and 6000 CE, which does not indicate any Strong Bull or Strong Bear. If the Bulls and Bears have to fight, the MAX CHG in OI, needs to be at 5800PE and 5900CE.
So clearly it is a Rangebound market.
The broader the Range where the MAX CHG in OI - The more it would be RangeBound. On Friday CHG in OI was going all over the places and for most of the time it was in 5600PE-6000CE. So after a 100-150 point run in one direction, if the positions are taken at the 5600Pe-6000CE pair for example, it should be taken as a Reversal.
For the morning Session it seems to be BULL and for the afternoon session would be decided based on positions on 5800 PE and 5900 CE.
So during this Rangebound days it is better to be safe and do the Pair Trading.
The 5700PE-6000CE Pair SOLD at around 88 trading now at 79
The risky pair 5800PE-6100CE pair SOLD at around 98 now trading at 86
Just an observation on the 5600PE-6000CE Pair : We sold this pair around 95 and close the positions around 65. Now the pair is trading around 61. Hope the next target for this pair would be 35.
Probably if market goes to around 5880-5930 levels - Should try and close the Pair with 20-25 points profit.
The Key observation : For you to be able to buy Naked Call or Put, the Fight (MAX CHG in OI) should be at the ATM Pair and not at the OTM pair.
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Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
Logic and Trade.
Both sides appear to have shown their limits. 6000 - 5600 is expected to be the range for the month.
Currently, smaller TF Trend seems to be up. So if price reaches near 6000, then I shall purchase OTM PEs not further than 5700. This will give me an RR of 1:3 hence making the trade comfortable.
Logic and Trade.
Both sides appear to have shown their limits. 6000 - 5600 is expected to be the range for the month.
Currently, smaller TF Trend seems to be up. So if price reaches near 6000, then I shall purchase OTM PEs not further than 5700. This will give me an RR of 1:3 hence making the trade comfortable.
Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
At 11:30 AM The MAX CHG in OI at
5800 PE - 388K
6000 CE - 522K
Still no big positions at 5900 CE. For the last one hour some 169K positions created in 5900CE.
So comparing 5800Pe and 5900 CE, it is still a BULL...
The pivot is at 5877. So if 5877 is not cracked, then you can go for SELL. Wait for Europe opening to take new positions in NIFTY Futures
At 11:30 AM The MAX CHG in OI at
5800 PE - 388K
6000 CE - 522K
Still no big positions at 5900 CE. For the last one hour some 169K positions created in 5900CE.
So comparing 5800Pe and 5900 CE, it is still a BULL...
The pivot is at 5877. So if 5877 is not cracked, then you can go for SELL. Wait for Europe opening to take new positions in NIFTY Futures
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