General Trading Chat

[vikas2131]

Huge spike in Wockpharma.

Union bank doing good today...

 

[ap*]

I am assuming that options are dominated by sellers, that's why you view increase in 8000CE OI as bearish.
Is my interpretation correct.

Yes Sir, While this move seems bullish, ive just entered 7900 pe in decent quantity. Will hold till 7850 Spot isnt breached if it is breached will enter 7900ce in equal quantity and hold the straddle till it becomes profitable. Hoping to add further quantity to the 7900pe as 7800s is breached.

Whenever im confused but expecting a clear move on one side i enter straddles. These too i start by entering one side with an sl in mind. When breached i add on the other side and wait out a big move.

 

[pareshR]

SBI-led banks in search of Rs 20,000 crore borrowed by Alok Industries

MUMBAI: In early December 2015, Deloitte resigned as auditor of Alok Industries. The unusual decision — as few companies change auditor in the middle of the year — was informed to stock exchanges


Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst

 

[pareshR]

Huge spike in Wockpharma.

You trading /follow that stock ?

 

[ap*]

Massive build up in puts oi at 7700,7800 and even lower. Good reduction of oi on the calls side at 7800 ce and 7700 ce. To me it looks like todays move was a short covering one with short positions being built up. Incase its not and im wrong then 8000 should be reached rather soon. This month would be very interesting.

Overall bias i wouldnt think of being long apart from on a straddle till 7970 is taken out. But thats far enough to destroy any shorts by the time it gets there. Hence i think its safer to hedge since this is midpoint (7850) for bulls and bears.

 

[vikas2131]

Huge spike in Wockpharma.

You trading /follow that stock ?

Wockpharma is very volatile stock..i have traded it and lost quite a bit in it because of volatility ..so be careful..

 

[pareshR]

Wockpharma is very volatile stock..i have traded it and lost quite a bit in it because of volatility ..so be careful..

Yes.. wockpharma, Auropharma. Relinfra. Jswsteel, tatasteel,tatamotor etc high volatile stocks, its a true bull and bear

 

[vikas2131]

Yes.. wockpharma, Auropharma. Relinfra. Jswsteel, tatasteel,tatamotor etc high volatile stocks, its a true bull and bear

I have made money in almost all the stocks that u mentioned except wock pharma...very risky stock..

 

[Smart_trade]

When you are saying so about Motilal Oswal then I will surely now read about their perspective on Fundamentals. You must have already done a study , so its better to take cue from first hand experience.

Thanks for this post.

I found this study extremely useful. Before that I tried to read books of Warren Buffet ,Peter Lynch and Benjamin Graham but the process was a bit hazy...not clear. With Wealth creation study it becomes more clear.I have also picked up some wealth creators but anyone who understands the process can do that I guess.Each year I very eagerly wait for their wealth creation study to come out and gain some investing theme.And it is all free...I have not subscribed to any of their PMS or newsletter or anything.

Smart_trade

 

[timepass]

Huge spike in Wockpharma.

You trading /follow that stock ?

No, but it was in the news this morning so checked the chart.