things wisely manipulated like in case of idfc it looks like it wont fall below 130 strike but gone way below that, so thats why i said once important level of 5200 is broken where there is 70lk oi build up it easy to take nifty way below 5000 or near even 4800 till the stocks hold on to their max eod oi ranges it will be in a range once they are broken they fall far below levels we cant imagine.:thumb:
ICICI bank (3.5% up) & RIL (2.6% up) helping NIFTY (1.7% up) & Sensex (320 pts up) - to join global rally on ECB bond buying! :clap::clap::clap:
FM approved 11 foreign direct investment proposals worth 20.68 billion Indian rupees, including 8.08-billion-rupee plans of Mauritius-based Cloverdell Investments, on Thursday.
5300 forms a strong base considering the options data.. along with some short positions covered in 5400 & 5500 CE.. wht happens from here is yet to be seen.. but the market looks very bullish and considering the RBI policy review later this month banking sector wil have its share of bullishness..
wud jus like to share an observation about yesterdays option data.. nifty spot 5226.. 5200 CE: 106 approx.. 5300 PE: 108 !!!!! guess it was just heavy put writing which eventually resulted in lower premium in 5300 PE.. which resulted in heavy gains to the writers due to the huge upmove today. Any suggestions welcome.
THERE WONT BE MUCH MOVEMENT ON THESE KIND OF SPECIAL TRADING SECESSIONS,THE ONLY BENEFIT FOR THE TRADERS WOULD BE THEY CAN TAKE POSITIONS BASED ON QUES FROM US MARKETS AND WAIT TILL NIFTY OPENS ON MONDAY