Chat 01 June 6.24 PM

1 Jun 13, 10:58 AM admin: for renu will have to ask her

1 Jun 13, 10:58 AM Raghavendra: no probs

1 Jun 13, 10:59 AM Raghavendra: want to in touch with all our MOD group for better understanding.

1 Jun 13, 10:59 AM Raghavendra: I will be posting my calls with proper targets and SL from Monday.

1 Jun 13, 11:08 AM Raghavendra: oh. its 1hr+ still I dont see any one has given trade on comm. surprising. Yes guruji said SAT not much movement.

1 Jun 13, 11:08 AM Raghavendra: then better to take holiday if not much movement

1 Jun 13, 11:15 AM johnny: true

1 Jun 13, 11:16 AM Raghavendra: ok guyz. see you all on Monday.

1 Jun 13, 11:16 AM Raghavendra: bye...

1 Jun 13, 11:24 AM admin: do not jump in trade if u are not sure about its direction

1 Jun 13, 11:40 AM admin: no greed no fear no emotions ....trade like machine only

1 Jun 13, 11:41 AM ananth: absolutely true. have to have a trading discipline . else youre gone.

1 Jun 13, 11:42 AM admin: wc ananth

1 Jun 13, 11:42 AM ananth: i really like the idea of cover trade in zerodha.

1 Jun 13, 11:43 AM admin: ok

1 Jun 13, 11:43 AM ananth: apni stupid emotions ko lock kardheti... i think aisa hin positional trades mein bi hona chahiye

1 Jun 13, 11:43 AM admin: han

1 Jun 13, 11:45 AM admin: during off hours enjoy posting ur thoughts views trades etc

1 Jun 13, 11:46 AM ananth: sure.

1 Jun 13, 11:46 AM admin: when we 10 will start discuss on any problem

1 Jun 13, 11:47 AM admin: excellent /superb solution will be there

1 Jun 13, 11:50 AM ananth: you mean ten moderators ?

1 Jun 13, 11:56 AM admin: no 10 were present at room

1 Jun 13, 11:56 AM admin: now 8

1 Jun 13, 11:59 AM ananth: k.. can anyone share their views on open interest and change in OI.. how better can we understand in a real scenario..

1 Jun 13, 12:02 PM admin: open interest

1 Jun 13, 12:02 PM ananth: yes

1 Jun 13, 12:02 PM admin: means number of outstanding positions

1 Jun 13, 12:02 PM admin: in future and options segment

1 Jun 13, 12:03 PM admin: if oi is zero means means no open position

1 Jun 13, 12:03 PM admin: if oi is 1 means ?

1 Jun 13, 12:04 PM ananth: means no one is holding any position?

1 Jun 13, 12:04 PM ananth: if zero.

1 Jun 13, 12:04 PM admin: 1 Means?

1 Jun 13, 12:04 PM ananth: one new contract is added.

1 Jun 13, 12:04 PM admin: no ....

1 Jun 13, 12:04 PM ananth: ohh..

1 Jun 13, 12:05 PM admin: 1 means 1 person is LONG and 1 isSHORT

1 Jun 13, 12:05 PM admin: so oi is 1

1 Jun 13, 12:05 PM admin: same for 10

1 Jun 13, 12:05 PM admin: 10 LONG 10 SHORT

1 Jun 13, 12:06 PM admin: so for oi 10 20 traders having open positions

1 Jun 13, 12:06 PM ananth: okay.. in that case how do we determine whether the major chunck isLONG or SHORT? we cannot ryt...

1 Jun 13, 12:07 PM ananth: this is what i have learnt from books., but what to extract from this?

1 Jun 13, 12:10 PM ananth: how can we determine the price action?

1 Jun 13, 12:15 PM admin: it is LONG subject

1 Jun 13, 12:16 PM admin: in SHORT we can follow some basic rules

1 Jun 13, 12:16 PM admin: Fresh Longs identifies the stocks which has seen good amount of addition in open interest with the price going up.

1 Jun 13, 12:17 PM admin: SHORT SELL / Fresh Shorts identifies the stocks which has seen good amount of addition in open interest with the price going down.

1 Jun 13, 12:18 PM ananth: okay. cant we find the reversal in these stocks?

1 Jun 13, 12:18 PM admin: LONG Unwinding identifies the stocks which has seen good amount of reduction in open interest with the price going down.

1 Jun 13, 12:19 PM admin: SHORT Covering identifies the stocks which has seen which has seen good amount of reduction in open interest with the price going up.

1 Jun 13, 12:19 PM ananth: hmm.. kkk

1 Jun 13, 01:10 PM neha: hi sir

1 Jun 13, 01:12 PM admin: wc neha

1 Jun 13, 01:24 PM Raghavendra: k am back. Admin, one question. Eg: 6200 ca has 10L OI what does that mean? LONG SHORT. cmp 6k

1 Jun 13, 01:25 PM admin: 10 l oi

1 Jun 13, 01:25 PM admin: means

1 Jun 13, 01:25 PM admin: 10 lac buyers

1 Jun 13, 01:25 PM admin: and 10 lac

1 Jun 13, 01:25 PM admin: sellers are i trade

1 Jun 13, 01:25 PM Raghavendra: yes correct

1 Jun 13, 01:26 PM admin: u can find mkt direct by it

1 Jun 13, 01:26 PM admin: direction

1 Jun 13, 01:29 PM Raghavendra: here is my question again. If 6200CA has added 10 lac OI means what does that indicates. Go for LONG orSHORT?

1 Jun 13, 01:30 PM Raghavendra: Ananth, what is the cover trade in Zerodha?

1 Jun 13, 01:30 PM admin: if ce adding means BUY pe

1 Jun 13, 01:30 PM Raghavendra: can you explain with eg

1 Jun 13, 01:31 PM admin: where addition is going on

1 Jun 13, 01:31 PM Raghavendra: oho good. till now I thought to go LONG.

1 Jun 13, 01:31 PM admin: go opposite

1 Jun 13, 01:31 PM Raghavendra: fine. Thanks for clarification.

1 Jun 13, 01:31 PM Raghavendra: Anath ji. r u t?

1 Jun 13, 01:32 PM Raghavendra: Admin, what is cover trade in Zerodha and what is the use of it?

1 Jun 13, 01:32 PM Raghavendra: give me eg in options for covertrade

1 Jun 13, 01:38 PM Raghavendra: oh. no one responding

1 Jun 13, 01:45 PM Raghavendra: I got it from Zerodha site

1 Jun 13, 02:59 PM admin: was away just came

1 Jun 13, 03:24 PM admin: kailash123p@yahoo.co.in: see itkailash123p@yahoo.co.in: 30 May 13, 02:47 PM admin: go SHORT on nifty trading at 6124 25 no sl now because we will see increased volatility kailash123p@yahoo.co.in:http://clientsviews.blogspot.in/2013/06/chat-30-may-03-13-pm.htmlkailash123p@yahoo.co.in: 30 May 13, 02:56 PM admin: 2.55 dangerous time for expiry day 6125 now ....watchte raho ...SHORT te raho

1 Jun 13, 04:26 PM ssv: hi all

1 Jun 13, 04:27 PM admin: hi ssv

1 Jun 13, 04:29 PM admin: so ssv seeing after LONG time

1 Jun 13, 04:29 PM admin: or it is ur first visit

1 Jun 13, 04:29 PM ssv: yes

1 Jun 13, 04:30 PM admin: are u predicting future moves

1 Jun 13, 04:30 PM ssv: only nifty

1 Jun 13, 04:30 PM ssv: some lelvels

1 Jun 13, 04:31 PM admin: how you are calculating levels

1 Jun 13, 04:31 PM ssv: iam not calculating

1 Jun 13, 04:32 PM ssv: my experance calls

1 Jun 13, 04:32 PM admin: ok

1 Jun 13, 04:34 PM admin: so u are predicting thru experience

1 Jun 13, 04:34 PM ssv: yes only some lelvels with strick sl

1 Jun 13, 04:35 PM admin: gud

1 Jun 13, 05:48 PM admin: Exciting yet somewhat a new challenge: NR Narayana Murthy on appointment as Infosys executive chairman

1 Jun 13, 05:49 PM admin: Petrol Indian oil companies had hiked the prices of petrol by 75 paise and diesel by 50 paise per litre.

1 Jun 13, 05:50 PM admin: Suzuki India on Saturday reported 14.4 per cent decline in total sales in May in 2013 at 84,677 units. The company had posted total sales of 98,884 units in the corresponding month in 2012.

1 Jun 13, 06:24 PM Kunal: Hi Sir i am back

1 Jun 13, 06:24 PM admin: gud kunal

1 Jun 13, 06:24 PM admin: how r u doing