My Daily Options Trading Diary

[findvikas]

Could touch 4520 or 4480 levels ... then bounce to 4700 and then back to 3900



(Not my analysis .. yeh to SK bhai ka hai)

I am using 13,21,34 SMA on weekly chart of past 3 years data. Nifty has broken the 13w MA (4825) and today also broken 21w MA (4662). One can see from Intraday chart of today how the volume picked up once 4662 was broken and Nifty did a free fall all the way to 4538.5

Now only hope for some recovery is bouncing back from 4662 levels and a close above 4662 which can take it back till 4800 where the fresh shorting can be initiated. My next target will be 34w MA (4290) if 4662 cannot be saved by the END OF THIS WEEK

 

[aditya14]

bought ce5400 @9.50 4 days back.Today again bought ce5400 @3.50 jus to get better avg.Shld i kick myself?

Yup that would be the right treatment.

 

[chaitanyagoa]

I am using 13,21,34 SMA on weekly chart of past 3 years data. Nifty has broken the 13w MA (4825) and today also broken 21w MA (4662). One can see from Intraday chart of today how the volume picked up once 4662 was broken and Nifty did a free fall all the way to 4538.5

Now only hope for some recovery is bouncing back from 4662 levels and a close above 4662 which can take it back till 4800 where the fresh shorting can be initiated. My next target will be 34w MA (4290) if 4662 cannot be saved by the END OF THIS WEEK

Hey Vikas,

What is your Strategy for today?

Thanks

 

[findvikas]

Most likely a flat to +ve opening around 4540-4575 but you have resistance at 4580 while support is available only around 4444

US should tank at the close with the kind of move it has shown so far and have a negative impact on Asia & Europe. I would watch out for 4580 and if it trade below it then I will open shorts otherwise I will be cautious and short only around 4650 with SL placed at 4662

 

[chaitanyagoa]

Most likely a flat to +ve opening around 4540-4575 but you have resistance at 4580 while support is available only around 4444

US should tank at the close with the kind of move it has shown so far and have a negative impact on Asia & Europe. I would watch out for 4580 and if it trade below it then I will open shorts otherwise I will be cautious and short only around 4650 with SL placed at 4662

Great Numbers.....

How do u calculate these numbers???....

Hope You are still online........ Also can i have your yahoo Messenger ID???....

Can learn a lesson or 2 from U............

Thanks

 

[aditya14]

1036 on the S&P is a crucial level.Nifty I think we may bounce 2morw but closing will be a different story.

 

[findvikas]

past numbers tells you the numbers of future action.
Previous support become resistance once broken on the downside and resistance become support once broken on the higher side. 4444 was a very good resistance and should hold the bears for some time relax.. have a beer or two and then continue their move down to 4300-4220-4000-3900 levels

 

[findvikas]

1036 on the S&P is a crucial level.Nifty I think we may bounce 2morw but closing will be a different story.

You bet! Next support in S&P is coming only at 1030-1025 and I would not be surprised to see that level today itself

 

[aditya14]

You bet! Next support in S&P is coming only at 1030-1025 and I would not be surprised to see that level today itself

Aaj mushkil hai vikas bhai.Bulls ko ji lene do kuch din.But i have some online friends who trade in states and they are all pretty unanimous that S&P is headed to 980.But i wouldn`t short after so many days of fall theres bound to be a rebound.

 

[chaitanyagoa]

Aaj mushkil hai vikas bhai.Bulls ko ji lene do kuch din.But i have some online friends who trade in states and they are all pretty unanimous that S&P is headed to 980.But i wouldn`t short after so many days of fall theres bound to be a rebound.

Hello,

Vikas And Aditya..... Can i have your Yahoo or Gmail Chat ID's Please.........

Thanks Guys......