General Trading Chat

[timepass]

Now looking at 100EMA

 

[Smart_trade]

Sir, as per Demark sequential, how far do you think buy CD will go.
I mean not all setups will complete count downs.
Your observations.

Vivek

I am expecting the market to go through this correction for some more time.So it may complete the 13 CD by going up and down though at this stage I am not expecting the downmove to be very deep.But it can go to 9500-9400 region.

Smart_trade

 

[vivektrader]

I am expecting the market to go through this correction for some more time.So it may complete the 13 CD by going up and down though at this stage I am not expecting the downmove to be very deep.But it can go to 9500-9400 region.

Smart_trade

Sir, do you trade setups perse? I had read about Perl's criteria, but on observation could not make out any consistency in that (fading the setup).

Vivek

 

[Smart_trade]

Sir, do you trade setups perse? I had read about Perl's criteria, but on observation could not make out any consistency in that (fading the setup).

Vivek

Not clear on your question....Perl's criteria ? are you asking about set up qualifier ?

ST

 

[vivektrader]

Not clear on your question....Perl's criteria ? are you asking about set up qualifier ?

ST

Please have a look at the attached image, I was asking about trading setups in close proximity to TDSTs.

Vivek

 

[manoj2012]

EXCELLENT INITIATIVE BY Bombay Stock Exchange .................

NSE are you Listening ....... ????

http://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20170821-18

Members of the Exchange are aware that currently after end of trading session on expiry day, all open long positions across In-The-Money options contracts are automatically exercised and cash settled. Members may note that Exchange shall be introducing new facility of providing ‘Do not Exercise’ instruction on certain in-the-money options contract on expiry day.


Salient features of the new facility are as follows-

· Buyer of option can indicate a choice not to exercise In-the-money open long positions on the expiry day which are currently exercised automatically.

· This facility shall be provided on Index options & Stock options contracts.

· On day of the expiry, a file EX_POTM_<CLG.NO.>_YYYYMMDD.CSV/ EX_POCM_<CLG.NO.>_YYYYMMDD.CSV containing long open positions on ‘Close-To-The-Money’ options contracts would be provided to the member.

· Close-To-Money (CTM) options contract shall be identified as under -

ü Three ITM option series having strike prices immediately higher than final settlement price (for put options) and three ITM option series having strike prices immediately lower than final settlement price (for call options) shall be referred to as CTM option contracts.

· Trading Members would be provided file EX_POTM_<CLG.NO.>_YYYYMMDD.CSVfor their own and client level positions and Clearing Members would be provided EX_POCM_<CLG.NO.>_YYYYMMDD.CSV file containing their CP- code level positions. Members desirous of not exercising the option shall be required to submit “Do not Exercise” (i.e. to mention N” against the positions in the file) instructions against each client-wise long position on the CTM contracts within stipulated session timings.

· If a member opts not to exercise a long position in a CTM contract, such position shall expire unexercised and lapse.

· If a member does not provide any response within the cut-off time or if the information provided by the member is incomplete or not valid, then as per existing procedure such long positions shall be automatically exercised.

· All other open long positions on ITM options contracts other than CTM options contracts shall be automatically exercised as at present

· Such auto-exercised positions would be randomly assigned to the options writers/sellers.




Operational mechanism to indicate choice to Exercise In-The-Money option contracts





Ø At the end of Expiry day, a new file called as ‘Option Exercise File’ (EX_POTM_<CLG.NO.>_YYYYMMDD.CSV)/(EX_POCM_<CLG.NO.>_YYYYMMDD.CSV) containing client wise open long positions on CTM options contracts shall be provided to member on Extranet.

Ø Member has to provide response as “N” against position which he does not want to exercise. Member shall be provided a time window of 30 minutes to submit “Do not Exercise” (“N” instructions against each client-wise long position in the CTM contracts. This window shall be available from 4:30 pm to 5:00 pm on expiry day (monthly as well as weekly expiry) or as per the timings as announced from time to time.

Ø A new column “Exercise Instruction” has been added at the end of file where ‘N’ which stands for ‘Do not Exercise’ to be provided and uploaded back to Extranet.

Ø If member does not provide any response within the cut-off time or if the information provided by member is incomplete or not valid, then as per existing procedure such client-contract-long positions shall be automatically exercised.

Ø During the option exercise window, member can upload the file multiple times (file should contain cumulative records) and every record shall be responded with “Response file” and system shall consider the latest file uploaded by the members within the stipulated time.







Operational Timelines -





Sr No

File name

Remark

Session Timings

1

EX_POTM_<CLG.NO.>_YYYYMMDD.CSV

Client wise CTM contract open long position file shall be provided on Extranet to trading members

4:30 pm

2

EX_POCM_<CLG.NO.>_YYYYMMDD.CSV

Client wise CTM contract open long position file shall be provided on Extranet to clearing members for CP code level positions

4:30 pm

3

EX_POTM_<CLG.NO.>_YYYYMMDD.Mnn

Trading members to upload Exercise request on the Extranet system

5:00 pm

4

EX_POCM_<CLG.NO.>_YYYYMMDD.Mnn

Clearing members to upload Exercise request on the Extranet system

5:00 pm

5

REX_POTM_<CLG.NO.>_YYYYMMDD.MNN

Response file to the trading members

---

6

REX_POCM_<CLG.NO.>_YYYYMMDD.MNN

Response file to the clearing members

---





File format & sample file is enclosed herewith for ready reference as ANNEXURE.

Trading & Clearing members may note that this functionality shall be introduced with effect from monthly expiry of August 2017 i.e. August 31, 2017.

For any further clarifications, Members may contact their relationship managers or following officers:-



Particular

Contact Number

Email ID

Trading related queries

022-22728226/8436/8039

[email protected]

Clearing and Settlement related queries

022-22728881/8185/8467

[email protected]





For and on behalf of BSE Ltd & ICCL,

 

[traderniftybull]

will DOW close positive today ?????

Atleast DOW closed in positive, as anticipated.

 

[traderniftybull]

BNF

Congestion seen at 24042
Should reach there,
if holds/trades above 23922

CMP 23952

 

[Prataap_2013]

Solar eclipse no impact on US, LOL. Cover shorts at open

 

[Smart_trade]

Please have a look at the attached image, I was asking about trading setups in close proximity to TDSTs.

Vivek

I use sequential only as a tool to know where we are in the market cycle.We can trade set ups in the direction of longer term trends but the initial entry and stops to be fine tuned on shorter term supports and resistances.As the longer term trend is bullish, we can buy on completed buy set up as the support TDST is at 9520 in nifty index .Near the TDST we have to be be alert for correction coming to an end and the uptrend resuming.

Smart_trade