Intraday calls for 25-03-11
Markets likely to open higher,Support for Nifty is at 5480 and resistance at 5550
Buy Ashok Leyland around 56.50, Target: 59, SL 54
11.05am – buy LIC housing finance at 205, target: 211. Stoploss: 200 (1-2 days)
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Kartik Says:
March 25th, 2011
Posted at: 2:13 pm
I'll be back in 30 mins..
Kartik Says:
March 25th, 2011
Posted at: 2:12 pm
Hi Deepak, we look strong, would be better to exit as of now
REEF Says:
March 25th, 2011
Posted at: 2:13 pm
HIi Kartik, holding 5600 put at 57. Plz advice wat to do as I m in big loss
Sunil Rao Says:
March 25th, 2011
Posted at: 2:13 pm
Hi gayaram, Most Welcome.
kannu Says:
March 25th, 2011
Posted at: 2:13 pm
Holding ur call on Thomas Cook (earlier) @ 75, please advise.
yogesh Says:
March 25th, 2011
Posted at: 2:13 pm
hi all
what is open interest..?
how can i get sbi open interest for current month
Akash Says:
March 25th, 2011
Posted at: 2:19 pm
Hi Kartik, LIC 201 CE is now above 3. I put sell order at 5.50. Will it hit that today? Or we will need to wait for 2-3 days?
Siraj Says:
March 25th, 2011
Posted at: 2:22 pm
OMY is there an stopping for this rally...
Kb Says:
March 25th, 2011
Posted at: 2:24 pm
Hi yogesh,
http://nseindia.com/marketinfo/fo/foquote.jsp?key=FUTSTKSBIN31MAR2011--25MAR2011&symbol=SBIN&flag=1
Adhi Says:
March 25th, 2011
Posted at: 2:25 pm
Hi Sunil Rao, Can I buy McDowell now ?
Can I sell Rcom in Cash ?
yogi Says:
March 25th, 2011
Posted at: 2:26 pm
Open interest (also known as open contracts or open commitments) refers to the total number of derivative contracts, like futures and options, that have not been settled in the immediately previous time period for a specific underlying security. A large open interest indicates more activity and liquidity for the contract.[1]
For each buyer of a futures contract there must be a seller. From the time the buyer or seller opens the contract until the counter-party closes it, that contract is considered 'open'.
Mahi Says:
March 25th, 2011
Posted at: 2:27 pm
hi cb after 400 points up still omdc is not moving up what is the problem? what shall i do?
SAI Says:
March 25th, 2011
Posted at: 2:29 pm
Hi yogi, whr to clear 5700 CE given by you
yogi Says:
March 25th, 2011
Posted at: 2:29 pm
Many technical analysts believe that a knowledge of open interest can prove useful toward the end of major market moves. For some option traders, open interest indicates the intensity of trading in a financial instrument. If open interest increases suddenly, it is likely that new information about the underlying security has been revealed, which may indicate a near-term rise in the underlying security's volatility. However, neither an increase in volatility nor open interest necessarily indicate anything about the direction of future price movements. A leveling off of open interest following a sustained price advance is often an early warning of the end to an uptrending or bull market.
Technical analysts view increasing open interest as an indication that new money is flowing into the marketplace. From this assumption, one could conclude that the present trend will continue. Analogously, declining open interest implies that the market is liquidating, and suggests that the prevailing price trend is coming to an end.
However, according to the definition of open interest in this entry, a change in open interest indicates a difference in the number of buyers and sellers of a financial instrument. Like volatility, it has no directional component, it is just a tally of unsettled contracts.
For example, if trader X buys 2 futures contracts from trader Y(who is the seller), then open interest rises by 2.
If another trader A buys 2 futures contracts from trader B, then the open interest rises to 4. Now, if trader X unwinds his position and the counter party is either Y or B, then the open interest in the system will reduce by that quantity.
But if X unwinds his position, and the counter party is a new entrant, say C, then the open interest will remain unchanged. This is because while X has squared off his position, C’s position is still open. The level of outstanding positions in the derivatives segment is one of the parameters widely tracked by the market.
SAI Says:
March 25th, 2011
Posted at: 2:30 pm
Hi Adhi, Good afternoon
sumit Says:
March 25th, 2011
Posted at: 2:32 pm
rcom suddenly moving up any new ... i am short on it @106.62 what should i do..