Escape's Options Trading Diary - Phase 2

[escape]

Bought 20 lots of Nifty 31Jan2013 PE 6000 @ 18.10, CMP 17.90

Most possibly for overnight position.

 

[mkbsiva]

Bought 20 lots of Nifty 31Jan2013 PE 6000 @ 18.10, CMP 17.90

Most possibly for overnight position.

Think about weekend time decay and the RBI event coming before expiry.... have these two in mind....

But still its your decision... :thumb:

 

[trdstudent]

....... Didn't know how to achieve point 2.

it is nothing.... just keep an eye on the nifty future around S/R level and remember how the order flow is behaving around that. For me it gives indication before any other tech tool .... thnx


..... and yes , it is not good to hold at this period ..... may be a 50-50 chnce

 

[escape]

it is nothing.... just keep an eye on the nifty future around S/R level and remember how the order flow is behaving around that. For me it gives indication before any other tech tool .... thnx

I normally draw S/R on NIFTY SPOT instead of NIFTY Future.
Will try NIFTY Future chart for sometime and lets see result.

 

[escape]

Think about weekend time decay and the RBI event coming before expiry.... have these two in mind....

But still its your decision... :thumb:

Yes time decay is my concern too.

 

[trdstudent]

I normally draw S/R on NIFTY SPOT instead of NIFTY Future.
Will try NIFTY Future chart for sometime and lets see result.

no need to draw a future chart .... wht u r doing is absolutely fine.... am talking about observation.... keeping a note on that basis etc...

 

[escape]

Bought 20 lots of Nifty 31Jan2013 PE 6000 @ 18.10, CMP 17.90

Most possibly for overnight position.

Will keep position overnight. Let's see what happens on Monday.
Based on Nifty chart, currently it seems to be at resistance.

 

[jassinko]

S/R = Support/Resistance level.

and can u guide on how to draw support and resistance levels.... i only study OI of nifty and see top 7 scripts of nifty and trade but get out at just 1-2 points but s/l is 7-8..... so pls help to improve my risk-reward ratio

 

[escape]

and can u guide on how to draw support and resistance levels.... i only study OI of nifty and see top 7 scripts of nifty and trade but get out at just 1-2 points but s/l is 7-8..... so pls help to improve my risk-reward ratio

Did quick search, and got this video. Hope this will help you.
http://www.youtube.com/watch?v=B4iNV5uOMfk

See this video and if you have doubt, feel free to ask.

 

[jassinko]

Did quick search, and got this video. Hope this will help you.
http://www.youtube.com/watch?v=B4iNV5uOMfk

See this video and if you have doubt, feel free to ask.

thanks Escape for quick reply..... cant access video in office...will see at home and then bombard my questions, if any..... Thanks again for the help