My Daily Options Trading Diary

[findvikas]

Vikas whats your sense.. is this just short covering or fresh buying is seen?

tomorrow could be negative as you have another resistance 4900-4950 which most likely going to start a fresh selling.. too risky though

 

[trade4putuval]

tomorrow could be negative as you have another resistance 4900-4950 which most likely going to start a fresh selling.. too risky though

But 4900 has already crossed. So it means this resistance is also broken and it means new trend starts, right?

Rajiv

 

[findvikas]

thats a zone not exact resistance... and a new trend is not so easy to start unless you cross 5050.. there will be good supply around 4950 levels which will keep nifty below it... lets see though

 

[trade4putuval]

thats a zone not exact resistance... and a new trend is not so easy to start unless you cross 5050.. there will be good supply around 4950 levels which will keep nifty below it... lets see though

Last question of the day!
Do I hold 4900 PE brought @ 110, now 105 for tomorrow?

Rajiv

 

[NiftyFantasy]

Last question of the day!
Do I hold 4900 PE brought @ 110, now 105 for tomorrow?

Rajiv

Hold it man, nifty will be @4400 by the end of this week yeh sab nautanki chal rahi hai... confuse karne ke liye...

 

[arnav_rulz]

so just to protet myself from the bull.. Sold another 4700 put @ 46

So current holding is nifty short @ 4880 and twice number of lots of 4700 Put short @ 50 (avg)

 

[AlokTewari]

Nifty today

People with mind set on negative bias kept hoping whole day for Nifty to fall but Nifty behaved very well today respecting all resistances 4830-4868-4910. Tomorrow expect small gap up atleast & then let's see how Nifty behaves. But with closing above 4860-4870 is not very heartening for those with negative mind set. DOW future & Europe are deep into green as well. We probably will see 5000 before 4800. But I prefer to follow levels rather than predict them. Missing volatility of last 2 days was pleasent surprise.

Cheers !!!!

 

[amitiemcal]

hi hvikas,
I am holding tata stell and suzi pa wat to do

 

[bhavesh_gelani]

On wat basis u r saying nautanki chal rahi hai bhai u hav some base to say some thing so nobody misguide and take the wrong decision dost

Bhavesh Gelani

 

[AlokTewari]

On wat basis u r saying nautanki chal rahi hai bhai u hav some base to say some thing so nobody misguide and take the wrong decision dost

Bhavesh Gelani

Bhavesh

Problem with some people is that even when market is breaking one resistance after other, they tend to believe that it is just a minor pull back because they are short in the market. Correct thing to do should have been that short position should have been covered when market breaks the resistance after respecting it. One can always go short later when some other resistance is not broken or support is broken if your analysis shows that market will go down. However thinking of fall to 4400 level when Nifty is at 4900 after breaking important resistance at 4860, can at best be called day dreaming rather than any technical analysis. Follow the levels rather than try to predict them is beneficial most of the time. Tukka may work sometimes.

Cheers !!!!