nifty calls

[MAGNET MAN]

magnet call for tuesday

as expected nifty atempted pullback.
my intraday tgt was 4385 and nifty made a high of 4384(bang)
now what ,

thats for sure that correction has not been ended.

so for 2 maro there r two condition,

condition one
if dow end in red then it may possible we also falls but mkt shall not fall below 4310, from 4310 it will bounce back again towards 4430 or 4450.

conditon two
if mkt dosen't fall in morning then it will move towards 4440-4450.
and at the level of 4450 one can short nifty for the minimum tgt of 4250.

as said before also over all heading for 4135,
but in extreme short term we should achieve 4440-4450 first.

warm regards
magnet man

 

[MAGNET MAN]

hello magnet man,
how r u?
today we see a rally and nifty discount is just 15 points..
what do this show is the market bullish again or we can see some more correctn.. can u pls tell me the levels and what r ur views about the market..
bye and take care..

dear anks there r few indication that suggest bottom is not too far ,
but i feel that we haven't bottom out yet,
what is the most disturbing thing in this whole correction was huge gap opening.thats one of the sign of bearish mkt.

though its too early to say this, even i also don't feel that we r in bearish mkt.
but we need more sign to prove that.
overall i have a feeling that trend wud reverse somewhere arond 4135.

warm regards
magnet man

 

[anks]

thanks magnet man..
magnet man i tell you my current positions pls tell me what can i do to earn gud profits...
i have sold calls and puts and the quantity is 100 means 2 lots each ....

300 calls 4100
300 calls 4200
100 calls 4300
100 calls 4400

200 puts 4500
200 puts 4550
250 puts 4600
100 puts 4650
now pls tell me what to do , is my positon corrct or i should change..
i will be vry thank ful to u
bye nad take care

 

[aroymkp]

thanks magnet man..
magnet man i tell you my current positions pls tell me what can i do to earn gud profits...
i have sold calls and puts and the quantity is 100 means 2 lots each ....

300 calls 4100
300 calls 4200
100 calls 4300
100 calls 4400

200 puts 4500
200 puts 4550
250 puts 4600
100 puts 4650
now pls tell me what to do , is my positon corrct or i should change..
i will be vry thank ful to u
bye nad take care

Well - Just like a maze !!!

 

[anks]

100 , 200 , 300 is quantity... and 4100 , 4200 is the strike price

 

[MAGNET MAN]

if mkt trades below 4385 then it will go down towards 4320 where one canbuy for the tgt of 4440-4450.

and if trades above 4395 then it will move towards 4440-4450 from where it will take u turn.

warm regards
magnet man

 

[shahgauravk]

Re: magnet call for tuesday

as expected nifty atempted pullback.
my intraday tgt was 4385 and nifty made a high of 4384(bang)
now what ,

thats for sure that correction has not been ended.

so for 2 maro there r two condition,

condition one
if dow end in red then it may possible we also falls but mkt shall not fall below 4310, from 4310 it will bounce back again towards 4430 or 4450.

conditon two
if mkt dosen't fall in morning then it will move towards 4440-4450.
and at the level of 4450 one can short nifty for the minimum tgt of 4250.

as said before also over all heading for 4135,
but in extreme short term we should achieve 4440-4450 first.

warm regards
magnet man

Hello Magnetman,
Can you let me know by when should we be touching 4135?

Also, I have a question, I hold 16 lots of 4600 call, shall I sell it & enter 4100 put or wait till expiry, my avg is @ 45

 

[aroymkp]

if mkt trades below 4385 then it will go down towards 4320 where one canbuy for the tgt of 4440-4450.

and if trades above 4395 then it will move towards 4440-4450 from where it will take u turn.

warm regards
magnet man

I have sold Nifty around 4365 spot and am keeping SL of 4395 Spot as mentioned. Should I keep my target as 4320 spot i.e. around 4300 in fut??

 

[MAGNET MAN]

Magnet Calls For Wednesday

support is at 4310, if broken be ready for 4200-4220( minimum 4245)
and if held then will try to pullback towards 4450.

and aroymkp now luck is also favouring u, best of luck.

warm regards
magnet man

 

[aroymkp]

Well - Luck did favour and I exited at 4150 ! Thanks

Nifty Spot did 4171 - Now what next ?