NIFTY 50 future TRENDS-Part 2

[Sultaan]

NF fut sup at 5275/5255.........res at5332 break out of this level can give 100/150 points ie. 5430/5480
JO BE TRADING KARTH HAI UNO KO ANNALIST BANNA PADTHA HAI
CHAYE WO ACHA HO YA BURA..SO THEY EXPRESS THEIR VIEWS.. THESE FORMS ARE MEANT FOR IT..IF I AM WRONG CORRECT ME ..

question is not about expressing views, yes its very good if there is discussion & debates about views, problem comes when experts, so called (many many in this forum), come & say, sell coming & buy coming, without any reasons why so ? that is no discussion...

right nikla toh expert , wrong nikla toh better luck next time...:thumb:

 

[subratdas]

Hi Sir,
I have bought 2 lots of CE 5400 @44 when nifty 2 days back but now nifty has gone down. should i wait or come out?

thanx
subrat

 

[gunsho]

Hi Sir,
I have bought 2 lots of CE 5400 @44 when nifty 2 days back but now nifty has gone down. should i wait or come out?

thanx
subrat

NF seems to be in range for past 4 days. May be you can close it if it breaksdown below the low of this range. With so many breakouts failing, be ready to buy back, if breakdown fails

 

[Stock trendy]

Hi Sir,
I have bought 2 lots of CE 5400 @44 when nifty 2 days back but now nifty has gone down. should i wait or come out?

thanx
subrat

Subraydas.. I am also a learner....
yet i like to tell u with my past experience option trading is all together a different ball game and very risky.
I trade Options holding for a day or 2 ..mostly intra day
i have option charts (paid subscription) and i have my own tested Technical indicators plotted
I strictly fallow the rules play high quty. may be 4 or 5 times in a month
i am satisfied with the result..( Rest of the days buy some small Quty and trade)
5400 Ce i bought at 47 and made exit with just 3 rs. loss per lot. yet to enter
Today's low sustains start buying around 2.30 pm and my SL for it would be spot closing below 5180.holding my 5200 pe bought at 42.. 30% booked at 60.50 waiting will exit all pe holdings today..

 

[gunsho]

holding my 5200 pe bought at 42.. 30% booked at 60.50 waiting will exit all pe holdings today..

Just curious to know.. why do you want to exit all PE today? Because you feel there is no room to go below 5220 nifty spot? or you play options only intraday?

 

[Stock trendy]

just curious to know.. Why do you want to exit all pe today? Because you feel there is no room to go below 5220 nifty spot? Or you play options only intraday?

spot nifty approaching great wall sup. Around 5200
not saying it can not be broken because it is bigger support level i will exit my pe wait for the next entry..
If it breaks 5180 and close below it again i reenter same pe even if i have to pay extra to buy it back.

 

[subratdas]

Sir what is the next support point

 

[Stock trendy]

sold all 5200 pe at 63 and bought 5400 ce at 24.5 sl. 18

 

[manojborle]

sold all 5200 pe at 63 and bought 5400 ce at 24.5 sl. 18

5300 pe open interest has reduced, does your call buying has anything to do with this ?

 

[Stock trendy]

5300 pe open interest has reduced, does your call buying has anything to do with this ?

There is lot of study required to trade option.. I don't go through OI
I confess am not a professional option trader .. what i do is.. i identify nifty trend Sup. and Res. buy CE or PE accordingly mostly for the day or Max. a day or two..i define my risk factor (if i buy 50 lot (price below 50)it is just for 5 or 6 points for 1st 50% if certain level unsustainable i exit my position on intraday or i continue holding if price push above res. levels.. it's all as per the trend on that particular day) On a sideways market what is going on for the few months i trade very less quantity (max 10 lots)
I have a intra day chart for option. Combination of spot nifty moment and option chart indicators i trade..
Believe me Nifty Fut. or Option gives excellent opportunity 4 or 7 trading days in a month.. to identifying a trending day Up or Down is a big Task
In a intra day chart 15 Minutes time frame gives higher tops n higher bottom
i pick up trend on this basis and with volume
I was nothing few months before looking for some ones help or paid services now i just picked up some few TA n tested it sticking with it come what may
Thanks TJ I Read a lot's of book on physiological aspects that helped me lot to control my Emotions when i take big trading positions.. still long way to go to become prof. trader.. looking forward to it..