NIFTY Options Trading by RAJ

[Option.Trader]

OR a double bottom at 5700 Levels should confirm the UP trend. So let us utilize this weak sentiment and SHORT again at 5740 around 2:15 PM.

Are you sure, on what basis, intraday

 

[healthraj]

On a Day like this, normally the Bulls are not very much motivated to make new high. So I think we can short once again at previous high. So I am closing all my longs and Going Short around 5740 Futures (5731 SPOT )Level. OAT Tool is also saying Weak Bull.

OR a double bottom at 5700 Levels should confirm the UP trend. So let us utilize this weak sentiment and SHORT again at 5740 around 2:15 PM.

This is a BULL market and so Those who have gone SHORT around 5740 Futures, Look for taking some quick profits.

 

[healthraj]

Are you sure, on what basis, intraday

Yes my messages are for Intraday only. Reason for Short : Weak Bull. Plus the sudden shake down in this morning

For Positional you have to Buy around 5700 SPOT if it sustains above 5705 or when the Double bottom is confirmed at 5700 levels

 

[jamit_05]

Total COI shifted sharply on the side of PEs, almost 4 times, in the last 30 odd mins. Either CEs got squared of PEs got shorted... either way bulls have put a big step forward. Hence, probability of HOD, which is also a pivot, breaking has gone up!


Next stop 5761.

 

[jamit_05]

Bears have all scurried away! Yeh, bhaaloo bade chaaloo hain!

COI on CE side is negative and PE side is 16L. Go Bulls!

Possibility of tomorrow gap-up open in appearing.

 

[Option.Trader]

This is a BULL market and so Those who have gone SHORT around 5740 Futures, Look for taking some quick profits.

I really didn't get your thoughts on going short, you would have got chopped if you went short after 2:45, it was a buy on dip

 

[healthraj]

I really didn't get your thoughts on going short, you would have got chopped if you went short after 2:45, it was a buy on dip

Agreed. Technically it was a Weak Bull and so tried Shorting. Took 15 points quick profit and closed the rest at cost. Gone long at 5710 and got another 30 points. Could have stayed LONGer for more profit which I got through Shorting at 5740. So no issues.

Should have watched 5800 more closely which became bullish at around 2:45 PM

 

[arcus]

Doesnt make sense that DII's who have the best brains in business would collectively decide to do the opp of what FII's want to do on a particular day. It is a fact that LIC is mandated to pitch in with buys in times of distress...

LIC is neither forced by the market nor the bourses to bail out PSU's.

Its important to understand that LIC and other PSU's are "owned" by the Government as it is the majority shareholder.

So obviously, now that you think of it, the government will use its money (in LIC) to bail out other companies which it also owns (other PSU's).

On another note, sharp upmoves are always questionable, especially if we are not in an intermediate uptrend. One must deal with them with caution.

 

[arcus]

SGX Nifty (T+1 Contract) is currently 70 points down from yesterdays close. (5680 as of now from 5750).

It might correct back upwards but one must be a bit cautious.

US markets opened 1.2% lower today.

 

[Option.Trader]

14-08-2013 : FII Summary

Thought i'll just go back to my old analysis to see the boombastic trade of 14-Aug... some surprising results... see below... Caution advised on longs..better to book profits at Resistance levels of 5780