General Trading Chat

Hi Everyone,

Newbie here. I wanted to enter into Sun pharma options trade considering the Sun-Ranbaxy merger in mid feb.
Sun Pharma CMP: 909
Outlook: 1000 by March

Now, I am planning to buy call options for Sun which is quoting at INR 6.90 for 1000 strike price.

Please let me know the risk involved in this trade and also is it wise to enter into it?

Consider me as totally new, your guidance would be really helpful!!

Thanks!!
 

oilman5

Well-Known Member
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recently some comments given on - R U SERIOUS ? WE MUST DERISK FIRST,a good trader is nothing but a good risk manager.
opportunity = how u visualize a move before others and execute it.

pl read only ,if u understand - otherwise dont read,financial news (more camouflaged) Why ?- just see american market - a strong down move is suggested,(see the price action)
expected fall is there 800 pt in Dowzones.
Definitely its impact will be -ive on indian market . Just see todays' nifty -due to expiry study as well as rollover . Bulls and some MF r trying best to move up market ,indian govt doing its best - but market is influenced by Money flow , -all has seen up momentum dieing , any moment reversal is possible.
Remember 3 things in TREND - up = trend continuation ,then slow =trend termination, now comes TREND REVERSAL , IF U COULD WHEN AND HOW THEY OCCUR ,atm is with u.
warning : individual plays in 200 lot,trained & understand risk in it. Take position only as per ur risk appetite.There are traps created by big fund players with media hype.
 

VJAY

Well-Known Member
@VJAY Sir,

Your Charts are quite informative in your thread "My Trading Journal".
But I am not able to follow the colour coding that you are using on your charts.:(

Kindly give some comments along with the chart; that would be more informative for the learners like me.
Firstly no 'sir ' please..you call me as vjay only ....hope you mean entry colour lines....simple...Green- buy ,Red-short,Blue-exit,where lines are dotted then entry is 1/2 position ...for me I trade with 2 lots then q/2 means 1 lot ...blue dotted line is part exit(1/2pos)
 

XRAY27

Well-Known Member
Hi Everyone,

Newbie here. I wanted to enter into Sun pharma options trade considering the Sun-Ranbaxy merger in mid feb.
Sun Pharma CMP: 909
Outlook: 1000 by March

Now, I am planning to buy call options for Sun which is quoting at INR 6.90 for 1000 strike price.

Please let me know the risk involved in this trade and also is it wise to enter into it?

Consider me as totally new, your guidance would be really helpful!!

Thanks!!
Stock options for far months are very illiquid, better to stay out unless you have an opinion for current month. Buy shares only if you are very sure.
 

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