Day Trading Stocks & Futures

[Shiv12345]

Finally .... After almost 3 weeks ... BREAKOUT!!! Bought Bank Nifty combo 24400 PE and 24700 CE at total cost of 65 + 54 = 119 .... Currently, combo has surged to 133 approx .... Good trading day today ....

Sent from my HTC Desire 728 dual sim using Tapatalk

Classic manipulation in Bank Nifty going on ... HDFC Bank up by 2% approx .... But ICICI Bank and SBI trying too hard to stop further surge in Bank Nifty spot levels ... Need to see what happens in the last hour or so ...

Sent from my HTC Desire 728 dual sim using Tapatalk

 

[manojborle]

Banknifty future will go for 11th August freak candle high of 24880

 

[Shiv12345]

Any ideas in Bank Nifty for today? Any trades .... As of now there is no signal.

Sent from my HTC Desire 728 dual sim using Tapatalk

 

[Shiv12345]

Finally .... After almost 3 weeks ... BREAKOUT!!! Bought Bank Nifty combo 24400 PE and 24700 CE at total cost of 65 + 54 = 119 .... Currently, combo has surged to 133 approx .... Good trading day today ....

Sent from my HTC Desire 728 dual sim using Tapatalk

Bank Nifty Combo taken yesterday (24400 PE & 24700 CE) at 119 .... Now sold at 144 .... Good profit .... ...

Sent from my HTC Desire 728 dual sim using Tapatalk

 

[Shiv12345]

Its getting really tricky to deal with fierce optionwriting ... How does one make money if an option contract (of Banknifty) doesn't move at all even after 70 points surge in Bank Nifty ... Thats the power and influence of writers ....

Sent from my HTC Desire 728 dual sim using Tapatalk

 

[varunkochhar]

Simple wait for a BO/BD in the underlying for writing options. When BN is in clear uptrend, write only puts on BO.

 

[Shiv12345]

Only one trade done since morning .... Bought Banknifty 24900 CE (21st Sep) at 117 and sold at 165 .... Now it is back at 135 or so .... Will decide if I should buy again or not ... Meanwhile, 24700 to 24750 spot level is acting as a support (rather concrete wall) ... If BN index decides to play ping pong for the next few days then the obvious range shall be 24700 (or 24750) to 25000 (or 25100) .... One can mint money playing both ways .... But I personally would like to see another BO or BD for that matter ....

 

[traderniftybull]

So, you didnt trade a combo this time

 

[Shiv12345]

So, you didnt trade a combo this time

Haha .... Nope ... I knew it would surge initially during morning. Though I didn't expect it to touch 24975 approx as today's highest spot level .... The sell off in the yesterday's last hour was not very convincing .... Even when the index was falling, PUTS were not producing at a quick pace. It was clear that PEs were also being written off .... Also, one of my friend is now suggesting me to open an account with ICICI Direct so that I can ALSO WRITE OFF OPTIONS instead of struggling daily with option writing. He says they have some special service where no huge margin is required to write off options. Don't know if that is even possible .... Will try to search on internet .... As of now I am with one of the discount broker ... Thanks

 

[simplebuthard]

Please share the margin requirements for option writing in ICICI Direct once you enquired. I am interested to know how much low margin they offer.