Crude
I have been watching crude doing it’s shenanigans for the better part of the past 3 months, where it has been gyrating between 71-83 threatening breakout and breakdown at diiferent times. Over the past 3 days when stocks have been beaten down across the globe, crude has done very well to hold on to it’s […]
SPX Futures- Swing trade perspective
My last post had called for a 20 point gain in the Spx after the vertical fall on Friday. Seems that today we are on our way to realise those gains. The question now is where do we go from here? We have a fed meeting on, though I do not see it make a […]
SPX- Revisted
My last post here called for a halt in the rally at 1146 in the SPX, to be followed by about a 50 point drop in the index after it hit that level.Also noted was that the Vix had bottomed up and was wanting to resume it’s journey upwards. Let’s look at where we are […]
Open Interest from 20th Jan
Finally we may have the range of 5200-5300 in the Nifty give way tomorrow….to the downside!! At 6.68 million in open interest the resistance at 5300 is here to stay till the end of this expiry week. What was notable today, was the addition 7.5 % in Open Interest at 5200 by the call writers […]
Nifty- Daily chart
In keeping with the range bound behavior exhibited by the markets and as analysed by Shai in his Open Interest Tables, here is a daily chart of the Nifty over the past one year. The market is moving within the ascending wedge as shown.The wedge has still some time to go for it’s completion, but […]
Open Interest data from 15th Jan
Open Interest data from 15th Jan shows stong accumulation in the 5300 call as well as the 5200 put heading into the weekend. Whilst yesterday we had seen a lot of accumulation in puts at the 5200 strike, today we saw call writers adding 15 % at the 5300 strike to bring the open interest […]
OI data from 14th Jan
Above is the Open Interest figures of Nifty for the trade dated 14th Jan. Put writers added about 9% in OI at the 5200 strike and call writers reduced their exposure by 11.5%, in the process confirming the recent low around 5200 as a very big support for the market going forward. But the call […]
Vix and the SPX
We are at an interesting time in the markets. On a longer-term chart of the US Vix, we can see that complacency in the markets is at an interesting point.This particular point where the VIX closed yesterday used to be the high ‘fear point’ a few years back between ’04-’07 when the bull market was […]
OI data from 12th Jan
The market justified the Open Interest data from yesterday by shaving off 48 points from the Nifty Futures. I have updated the chart with today’s data which points to some more downside.The US markets are at an intersting point now ( 11.00 pm IST) and further downside there, should point to a gap down open […]
Open Interest for Jan 11th.
Here’s a look at the Open interest table at the close of yesterday’s action in the Nifty ( 11th jan 2010) The tussle between strikes 5200 & 5300 between the call writers and put writers has been on now for over a week resulting in the index moving in a small range for these past […]