Nifty option trading

[subratdas]

Dear ST,
nifty put 7300 showing highest OI . Does it indicating that nifty may fall to 7300 level this series ?

thanx/Subrat

 

[Somatung]

Dear ST,
nifty put 7300 showing highest OI . Does it indicating that nifty may fall to 7300 level this series ?

thanx/Subrat

Dear ST may not will be on line for an other few days. So I will quickly jump in to give you at least an idea what goes on for now in your market:

About your 7300 level: At least today the highest OI in Nifty Sept series on the put side is at 7500:

According to your Nifty chart, which you have to open to a far bigger time frame compare to one day or just a few weeks: This is a possible level which could be touched soon.

Good luck / Dan

 

[Stock trendy]

Nifty (7,789.3)

The Nifty hit the intra week low of 7,539 and closed the week 134 points higher.

The week ahead: There was a strong rebound in the Nifty on Tuesday but the index lost momentum over the later half of the week. There are also a slew of hurdles just ahead for the Nifty – at 7,880, 7,962 and 8,060. The last hurdle is the floor of the gap formed on August 24. We need a strong move above this level to signal that the short-term trend is reversing higher.

If we consider e-wave counts, the fourth minor from the 8,654 peak appears to be unfolding now. This wave can reverse below 8,000 and the index can once again move lower towards 7,539 or 7,251.

A more sustainable rebound is possible after that. To put it simply, there could be great volatility in the region between 7,500 and 8,000 in the coming sessions.

Medium term trend: The medium-term trend is currently negative. The bounce last week has not been strong enough to signal a turnaround in this trend.

As we have been reiterating, there is a strong support for the index at 7,475 (the target of the C wave down from 9,119) and at 7,380 (a Fibonacci retracement support). The index is very likely to halt its slide in the zone between 7,380 and 7,500 in this bout of selling.

That said, things will get very bad only on a strong decline below 7,400. That will mean an intense and elongated C wave that can pull the Nifty below 7,000.

September 12, 2015:
As the countdown to the FOMC meeting begins, the best place to watch the action is from the sidelines. For Yellen might hike 25 bps, she might not; the market can crash if she hikes rates and the market can crash even if she doesn’t. Putting off rate hike imples that the US economy is not doing too well. No one really knows what is going to happen in the short term.

But with the ongoing decline, both the Sensex and the Nifty have moved close to some important short-term supports which are around 7,400 in the Nifty and 24,500 in the Sensex.

If you are a long-term investor, you should keep your shopping list ready as indices approach these levels. You need to press those panic buttons only on a strong decline below these levels.

Markets that were threatening to jump off a cliff if the Fed goes ahead with its September rate hike, have now convinced themselves that the rate hike is unlikely. According to Bloomberg, those betting that the Fed will hike rates next week are down to 28 per cent from 49 per cent before China began tampering with its currency. Bets on a December rate hike have however increased to around 59 per cent.

The bottom-fishing brigade was out in full force last week buying stocks in all global markets, pushing indices higher. The bounce last week was however not supported by volumes and lacked conviction. Even if the Fed postpones the rate hike to December, it still does not address the problem of eventual increase in the cost of money, slowing global economy, bleak crude oil outlook or the troubles in China.

Economic data continues to be mixed. The consumer and wholesale price inflation numbers due next week will be closely watched to decipher the RBI’s next move on interest rates. Foreign portfolio investors continued selling last week, even as prices moved higher. The bounce appears led by retail investors and domestic institutions. Currency stability also helped improve sentiment.
thehindubusinessline.

 

[Stock trendy]

Nifty (7,981.9)

The Nifty rose strongly on Friday to hit the intra week high of 8,055. But it closed the week below the 8,000 mark.

The week ahead: The index moved to our outermost short-term target at 8,060 last week. As explained last week, this is the floor of the gap formed on August 24 and the index needs to record a strong close above this level to signal a reversal in the short-term down-trend.

The Nifty tested this level on Friday and closed much lower, denoting short-term weakness. Short-term traders can go short if the index fails to move beyond this level on Monday. Initial downward targets are 7,856 and 7,736.

Break below 7,736 can take the index lower to 7,539 again. Resistances for the index will continue at 8,060, 8,091 and 8,225. A strong rally above 8,200 will mean that the medium-term trend is reversing higher.

Medium term trend: The medium-term trend continues to be negative. The Nifty has now reached the short-term target at 8,060. Inability to move higher from here will mean that the index is heading lower towards 7,539 or 7,475.

We stay with the view that the index can bottom in the zone between 7,380 and 7,500. The outlook will deteriorate only on a strong move below 7,400.
...thehindubusinessline..........

 

[trade4putuval]

Nifty (7,981.9)

The Nifty rose strongly on Friday to hit the intra week high of 8,055. But it closed the week below the 8,000 mark.

The week ahead: The index moved to our outermost short-term target at 8,060 last week. As explained last week, this is the floor of the gap formed on August 24 and the index needs to record a strong close above this level to signal a reversal in the short-term down-trend.

The Nifty tested this level on Friday and closed much lower, denoting short-term weakness. Short-term traders can go short if the index fails to move beyond this level on Monday. Initial downward targets are 7,856 and 7,736.

Break below 7,736 can take the index lower to 7,539 again. Resistances for the index will continue at 8,060, 8,091 and 8,225. A strong rally above 8,200 will mean that the medium-term trend is reversing higher.

Medium term trend: The medium-term trend continues to be negative. The Nifty has now reached the short-term target at 8,060. Inability to move higher from here will mean that the index is heading lower towards 7,539 or 7,475.

We stay with the view that the index can bottom in the zone between 7,380 and 7,500. The outlook will deteriorate only on a strong move below 7,400.
...thehindubusinessline..........

Bingo!!!! What a prediction.

 

[Stock trendy]

Nifty (7,868.5)
The Nifty rose above the 8,000-mark on Tuesday and marked an intra-week high of 8,021 before slumping 2 per cent on that session. However, the index subsequently began to recover from an intra-week low of 7,723.2. The index recovered partial losses and ended the week 1.4 per cent lower.

The week ahead: The floor of the gap that occurred on August 24 continues to act as a significant resistance level. Also, the 8,000-mark is a key resistance which the index tested and fell forming a bearish engulfing candlestick pattern. This is a bearish reversal pattern, formed following a corrective up move from the early September ebb.

Therefore, a decisive rally above the immediate resistance levels of 8,000 and 8,060 is needed to signify that the index is turning bullish. On such a rally, the index can test resistances at 8,091 and 8,225 levels.

Moreover, an emphatic move beyond 8,200 will indicate that the medium-term trend is reversing upwards. The Nifty has a support at around 7,800. A strong dive below this level will strengthen the downtrend and pull the index down to 7,720 levels. A conclusive fall below 7,720 can drag the index down to 7,539 once again.

Medium-term trend: The medium-term trend remains bearish. The index faces a key resistance ahead at 8,060. Failure to move past this hurdle will imply that the index is trending downwards to 7,539 or 7,475. We reiterate that the index can turnaround in the band between 7,380 and 7,500. The outlook will worsen only on an emphatic fall below 7,400.
thehindubusinessline

 

[Stock trendy]

looks like spot nifty may test 7550..watching 7720

 

[Stock trendy]

Nifty (7,950.9)
The Nifty reversed from the intra-week low of 7,691 to near the 8,000 mark again.

The week ahead: The Nifty is once again drawing close to the important resistance zone that exists between 8,000 and 8,100. As explained earlier, there are multiple resistances converging here — one, the previous peak formed at 8,055 and, two, the floor of the gap formed on August 24 at 8,060 and, three, 38.2 per cent retracement of the entire fall from 9,119 peak at 8,138.

These resistances make the area between 8,000 and 8,150 a formidable one. Short-term investors should make fresh purchases only if the index manages a strong close above 8,150. Traders can initiate fresh shorts if there is another downward reversal from this zone.

Strong break above 8,050 can take the index to 8,207. But the ceiling of the gap at 8,225 has to be closed to signal that the worst is over for the index.

Short-term supports for the Nifty are at 7,853 and 7,736. Break of these levels can take the index to 7,688.

Medium-term trend: We retain a bearish medium-term view for the Nifty. A three wave A-B-C correction appears to have ended at 7,539 in the index. The ongoing move could either be:

a) A pull-back before the next leg downward starts;

b) Building of a base by the index before it launches its next leg upward.

The inability to move beyond 8,100 will point towards the first count whereas a strong close above 8,100 will mean that the correction is complete.

It is best to see the movement over the next couple of weeks before drawing a conclusion on the medium-term trajectory of the index. The support in the band between 7,380 and 7,500 should support the Nifty even if it starts declining rapidly. The outlook will worsen only on an emphatic fall below 7,400.

 

[insursi]

Nifty (7,950.9)
The Nifty reversed from the intra-week low of 7,691 to near the 8,000 mark again.

The week ahead: The Nifty is once again drawing close to the important resistance zone that exists between 8,000 and 8,100. As explained earlier, there are multiple resistances converging here — one, the previous peak formed at 8,055 and, two, the floor of the gap formed on August 24 at 8,060 and, three, 38.2 per cent retracement of the entire fall from 9,119 peak at 8,138.

These resistances make the area between 8,000 and 8,150 a formidable one. Short-term investors should make fresh purchases only if the index manages a strong close above 8,150. Traders can initiate fresh shorts if there is another downward reversal from this zone.

Strong break above 8,050 can take the index to 8,207. But the ceiling of the gap at 8,225 has to be closed to signal that the worst is over for the index.

Short-term supports for the Nifty are at 7,853 and 7,736. Break of these levels can take the index to 7,688.

Medium-term trend: We retain a bearish medium-term view for the Nifty. A three wave A-B-C correction appears to have ended at 7,539 in the index. The ongoing move could either be:

a) A pull-back before the next leg downward starts;

b) Building of a base by the index before it launches its next leg upward.

The inability to move beyond 8,100 will point towards the first count whereas a strong close above 8,100 will mean that the correction is complete.

It is best to see the movement over the next couple of weeks before drawing a conclusion on the medium-term trajectory of the index. The support in the band between 7,380 and 7,500 should support the Nifty even if it starts declining rapidly. The outlook will worsen only on an emphatic fall below 7,400.

Better to give courtesy at the end of the article.

 

[Stock trendy]

Better to give courtesy at the end of the article.

I do in every earlier post this time it was mistake..