Market will be highly volatile with a downward bias till 25th September 2013 as mentioned in the 1st August 2013 Grahanila post.
Saturday, August 17, 2013
Karkkadakam says good bye by taking away 234 points from Nifty!!!
Market will be highly volatile with a downward bias till 25th September 2013 as mentioned in the 1st August 2013 Grahanila post.
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13 comments:
sir we were benefited when you use to post Surya and soma,though there may be variations, kindly post them ..or kindly tell the mehod to calculate for benefit of poors
Dear Umesh,
You are right on your observation. Soma-Surya levels indicated high low of the day and also Nifty's next pause point. Nandi stopped it due to lack of time for calculating it. Soma level was the weighted average of 4 largest volume puts and Surya level weighted average of 4 largest volume calls. Find out 4 highest volume puts- multiply each strike price with OI - add all products and divide it by total of OI - you get Soma. Similar way do it with calls and you get Surya level.
Wish you best wishes
thank you sir
Hi Nandi,
Thanks for the info on Soma and Surya.. Soma and Surya's value will be for everyday, so is it used in Intraday trading or Positional trading?? Can you please throw some light of Soma and Surya?
Thank you
Guru
Dear Guru Krish,
The answers to your questions can be had by looking at the method of calculation. Both Soma and Surya values will be changing on the basis of change in the value of puts and calls. If you want it in hourly basis you have to calculate hourly based on the position at that time. Both figures will indicate how market(specifically put/call writers) thinks at that time.
If you had not followed it earlier, please ignore it.
Dear Nandiji
Namaskar
How are you?
Soma & Surya is new concept for me. Would certainly like to study same. Meanwhile Mr. Umesh it seams you have understood concept clearly , may I request you to share xl file for few days so that other interested can compare with their reading /calculations of same.
Mr. Umesh I once agian request you to upload same
Thanking you all & Happy Trading
Atharva
Dear Atharvaji, sir cleared the same
in Aug 18 comment.. Though i treid calculations,butnifty is not stopping at soma but during when sir used to post nifty never moved a point beyond soma/surya in 90%cases
even soma of 4531 was predicted by Nandiji....
Dear Umeshji,
That time and now is very different. At that time normal high and low of Nifty futures difference were between 50 - 80 points. Today the differnce is 220 points, yesterday it was 133 and on Friday 232. So, don't be disapponted. When the situation changes it may be useful. Take the strike prices 3+1 ie. one below and three above for call(54k,55k,56k & 57k for today)and one above and three below for puts(55k,54k,53k & 52k for today) for calculations. When market normalises it may become useful. Hard work always pays.
Dear Umeshji / Mr Nandi
Thanking you,
Si my understanding is today we closed @ 5302..so take Ce strike prices should be 52, 53 54 & 55 or 54 to 58 , as you suggested 3+1.
Best Regards
Atharva
Dear Atharva,
As Nifty close is at 5302
Call : 53k,54k,55k & 56k
Put : 54k,53k,52k & 51k
As already said the Soma-Surya figures may not be of much use during this fast fall period.
Dear Nandiji,
Thanks for reply..As you said hard work always pays; preparing XL.
Meanwhile Mr. Umesh, Do you have this SL, if you do not mind , are you will to share the same
Thanking you
Atharva
Atharvaji give mail address to karadi_umesh@rediffmail.com
Dear Umesh,
Hello!
Sent a mail requesting xL file for Soma & Surya levels..
In case if you have missed my email add is : alternateideas@gamil.com
Awaiting your mail.
Thanking you
Atharva
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