Stock FUTURES To Keep A Close Eye On

alroyraj

Well-Known Member
Hindalco major move...dunno how to enter once it moves so fast...
The way different stock futures retrace totally baffles me...when the trend is so strong it just has a small retracement and then spurts...am clueless...And if I just assume that lower volumes mean accumulation I could be in trouble since it can mean weakness.
 
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PGDIMES

Well-Known Member
Dear SG,

It's almost 3 months now that I have stopped trading in PunjLloyd(Though I know you donot track this counter). I had an amazing success rate at that time shorting the future. But I want to go long now...Is it a good time to go long or shall we wait till the 1st week of December? It has shown decent accounting statements this quarter...
 

MurAtt

Well-Known Member
Even with a fall of 100 pts ... we seem to be very bullish .. though options OI suggest now that 6300 may not be seen in Nov .. 1.5 mil OI neg in 6300 PE and 1.3 mil pos in 6200CE.

The reason could be attributed to this :- http://www.bloomberg.com/news/2010-...st-minute-of-trade-as-trade-accord-fails.html.

Another point to note is the fishyness in the call options premia i.e. 100 pts ITM call is having a premium of 67 whereas same ITM put is having premium of 17 pts .. if the market were at all bearish .. I doubt ...

We may bounce back 2morrow imo .. not with a vengeance BUT some soothing for the wounded ones ....
 

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