Wednesday, May 23, 2018

morning thoughts...

The markets yet again traded in the same pattern as illustrated and the coming session is likely to be volatile with stock specific activities
Technically the markets will take time to consolidate before it shows the big move which we have indicated and are in for positions
There has been addition of 1.25 lac shares is oi at 10700 and 10900 calls whereas put writers and call writers for strike 9800 remains at parabolic levels
Now the markets are such that stocks will see sudden rise but as compared to options which may not show equal moves in those stocks which are heavy on oi and reverse rsi , such stock was dlf , bajaj fin which rose in fo but no action was witnessed in options segment and we got stopped out on the same
We picked up drl and star which has done equally well in options and futures segment , index we continue to hold our existing positions with addition of new for dual index moves , index options have been booked in 10-15 times as we near expiry so the premium may get dented

A high magnitude and unexpected level of index is to be seen in coming months

7800 or 12500...?

Registrations open for convert series and operator options

Stocks to watch

Buy cipla 560 ca
Buy sbi 260 ca , star 400 ca
Futures buy Pc jewellers
Sell gold , silver
Buy crude , lead , copper