Long or Short Opinion

[rajputz]

If any one remember gave last weeek 5333-5399 bear supply zone now 5366 and 5399 are resistence only before shortcovering to 5550:thumb:

Present Sir

 

[simple_trader]

RIL seems to be taking intraday support. It may try to spoil bears party. This is applicable for intraday trading!

 

[crown]

In fact, the indicator is showing lack of momentum since 7th July 2010. And in a way, this is correct because market remained too much range bound since then.
lagta hai kuchh kuchh samajh me aa raha hai
Praveen bhai and Rajput bhai and Raunak Sir and Rajeabc bhai and Simple Trader bhai
Thanks to all

 

[simple_trader]

In fact, the indicator is showing lack of momentum since 7th July 2010. And in a way, this is correct because market remained too much range bound since then.
lagta hai kuchh kuchh samajh me aa raha hai
Praveen bhai and Rajput bhai and Raunak Sir and Rajeabc bhai and Simple Trader bhai
Thanks to all

Market changes very fast sir in intraday. R pack seems to be ready for rally and take past market 5400 NF.

 

[crown]

found some momentum in positive direction
entered long in July Nifty call 5400 at 64
stoploss will be nifty violating 5360 in downside

 

[crown]

Market changes very fast sir in intraday. R pack seems to be ready for rally and take past market 5400 NF.

thanks simple bhai
I have also taken a call of 5400 when I found the momentum building

 

[simple_trader]

thanks simple bhai
I have also taken a call of 5400 when I found the momentum building

wrong choice of instrument boss (as per me)! Please check if it is correct thing u are using!

 

[crown]

wrong choice of instrument boss (as per me)! Please check if it is correct thing u are using!

thanks simple bhai
please tell me how to check
even now, I can get out of it
thanks bhai

 

[piyushbajpai]

thanks simple bhai
please tell me how to check
even now, I can get out of it
thanks bhai

What i feel Mr. ST is trying to say that, you should have rather bought Nifty Futures rather then buying call option as with expiry approaching the time value of call option will reduce every day.

 

[simple_trader]

thanks simple bhai
please tell me how to check
even now, I can get out of it
thanks bhai

If I have understood correctly, you were doing intraday trade, NIFTY future would have been better choice. In case you want to trade option, there are some cases when you can use option as well. For example, in morning NF fell 40 points today and 5500 PUT increased by 30 points. So one could have used 5500 PUT in morning today for trading.

After your entry, NF went up 10+ points, but 5400 call would not have increased much. Had you traded with NF, you could be gaining some money. option would give you loss.

Also in the middle of a month, if you hold option, can give loss even if you get market right as time value will decrease rapidly.

Hope this helps.