Monday, August 9, 2010

Estimates for 9th aug

Good Morning All.

Values for the Nifty are 5451-5462-5473

Values for the Bank Nifty are 10395-10441-10458.

It will be interesting to see if Nifty auctions above value low at 5451.

5 comments:

r m said...

Good Morning Shai!

Unknown said...

Good Morning Shai.

Signed up for vtrender2. Pls confirm.

Acc fut at your target of 827. Thank you.

INDITRADER said...

Gm Shai,
Nf tries hard for 5451 uptill now?

Girish Desai said...

GM Shai and friends!

Options review for last week-
http://3.bp.blogspot.com/_xQfPkpQXjMc/TF6mBgosxrI/AAAAAAAAArw/c9rzILG4t1c/s1600/OI_analysis.GIF

Quick Summary:
1. Lets look at what is happening in the range 5400-5550. 5400PE/5400PE together have added 47L (34L+13L) of OI. Whereas 5400CE/5500CE together have added 15L (4L+11L) of OI. So bias is on the upside - with ratio of puts vs calls in the 5400-5500 range = 3:1
2. Almost 1Cr of OI at 5300PE puts a strong support for this market. Even 5400PE has an OI of 81L which provides immediate support.

A shot at 5500+ can't be ruled out this week if Global cues are good. Even if Global cues are bad it would be difficult to see the market going down below 5300.

Gopkrish said...

Shai,

can initiate long on nifty above POC (5462) and

on bank nifty above 10458