Nifty: Daily Price Analysis

[simple_trader]

The weekly charts of nifty is possitive
we can test 5300 but there will be a rebound in nifty

Yes, it is one of the valid possibilities. Reasons are written in my analysis.

Regards!

 

[AW10]

Nifty Weekly Analysis: 18th July 2010

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For those who are conservative traders, I would request AW10 to post an appropriate options strategy on this thread for building bearish positions going forward.

Tc

As volatility is low, i would not recommend selling options at this stage. Better to create net long position in next month. For conservative positions, buying bearish spread is good strategy.. i.e. buy higher strike put and sell lower strike put.
eg- (1) buy 5400 aug put @125 and selling 5300 aug put @90. Your investment is 35 rs giving the potential to go to 100 rs as long as mkt remains below 5300. This results in net profit of 100-35 = 65 rs.. i.e. making 65 rs on 35 rs of investment.

(2) you can also look at otm spreads i.e. buy 5200 aug put@63 and sell 5100 put @44. i.e. investment of 19, resulting in profit of (100-18) = 81.

For you to see max profit, the aug expiry has to below your sold strike. and ofcourse u have the patience to wait till expiry.. Whenever market falls, the net value of these strike will increase move towards 100 so one can easily make profit by closing them before expiry. Feel free to explore other strike combinations.

If you are higher risk taker, then buying Aug put is also good at this stage.

hope this helps.
happy trading.

 

[rrmhatre72]

As volatility is low, i would not recommend selling options at this stage.
If you are higher risk taker, then buying Aug put is also good at this stage.

hope this helps.
happy trading.

Hi AW10,

Do you mean naked Put in this case?

 

[linkon7]

I'm having the worst time of my life this month... performance has nose dived... and as a dedicated nifty trader, i am now utterly frustrated...

We have a strong close and the very next day we sell off, only to regain the whole lost points with a minor gap the very next day... and Intraday, price freezes for 2-3 hours, punctuated by a sudden 1 bar out burst by a bored FII or DII and then everything becomes quiet... tossing a coin works better than TA with at least win probability is at least 50%


From 12th of this month, we have been stuck in a 50 point band... 5360 to 5410... Global cues, internal news , micro, macro... nothing seems to have any effect on nifty...

If these keeps up, then soon we will have to add nifty to the periodic table under the sub class, inert element...

Even poor old Udayan Mukherjee is tired of saying the same thing again and again for the past one month...

I am frustrated as hell... I even tried trading stocks for a few days, but they too have grown roots and are just swaying with the winds....

I wonder how everyone else is doing this month... please do share your experience...

 

[simple_trader]

I wonder how everyone else is doing this month... please do share your experience...

Yes the same here. Except one good swing trade in NF. It has been struggling time.

I am too kind of frustrated. I am net swing long currently, but it seems market will frustrate again.

Anyway, waiting for 5500-5550 range for going positional short in NF.

Happy trading!

 

[rajputz]

I'm having the worst time of my life this month... performance has nose dived... and as a dedicated nifty trader, i am now utterly frustrated...

We have a strong close and the very next day we sell off, only to regain the whole lost points with a minor gap the very next day... and Intraday, price freezes for 2-3 hours, punctuated by a sudden 1 bar out burst by a bored FII or DII and then everything becomes quiet... tossing a coin works better than TA with at least win probability is at least 50%


From 12th of this month, we have been stuck in a 50 point band... 5360 to 5410... Global cues, internal news , micro, macro... nothing seems to have any effect on nifty...

If these keeps up, then soon we will have to add nifty to the periodic table under the sub class, inert element...

Even poor old Udayan Mukherjee is tired of saying the same thing again and again for the past one month...

I am frustrated as hell... I even tried trading stocks for a few days, but they too have grown roots and are just swaying with the winds....

I wonder how everyone else is doing this month... please do share your experience...

Mera Theek Thak chal raha hai linkon sir. Profits are decreased, but i am satisfied as overall account is positive...Stocks are giving movement but not nifty.

 

[linkon7]

Yes the same here. Except one good swing trade in NF. It has been struggling time.

I am too kind of frustrated. I am net swing long currently, but it seems market will frustrate again.

Anyway, waiting for 5500-5550 range for going positional short in NF.

Happy trading!

:lol: My long got stopped out yesterday, which i reversed for a short... which got stopped out today....:rofl:

5500 call has added enough OI, so kiss it good bye for this series i think....
almost all the puts have huge OI... so kiss them good bye also...

Bulls, bears, pigs, goats, camel.... all are being slaughtered this series...

@ Rohit...
Great going on stocks... nice to hear someone having a positive this month for a change...

 

[rajputz]

@ Rohit...
Great going on stocks... nice to hear someone having a positive this month for a change...

Daily charts par Turtle CCI is showing good results...thats y got saved...otherwise would have got screwed...and some intraday trades...cause some sector is breaking everyday...dad is following your hedge method...he is happy too...cheers to you linkon sir.

 

[simple_trader]

:lol: My long got stopped out yesterday, which i reversed for a short... which got stopped out today....:rofl:

5500 call has added enough OI, so kiss it good bye for this series i think....
almost all the puts have huge OI... so kiss them good bye also...

Bulls, bears, pigs, goats, camel.... all are being slaughtered this series...

Yes market is extremely range bound. It has been doing the same in last 2-3 swing tops. Let last rally finish. RIL result, expiry and global market should push NF a bit higher I think. After that, we would see a correction.

 

[AlokTewari]

I'm having the worst time of my life this month... performance has nose dived... and as a dedicated nifty trader, i am now utterly frustrated...

We have a strong close and the very next day we sell off, only to regain the whole lost points with a minor gap the very next day... and Intraday, price freezes for 2-3 hours, punctuated by a sudden 1 bar out burst by a bored FII or DII and then everything becomes quiet... tossing a coin works better than TA with at least win probability is at least 50%


From 12th of this month, we have been stuck in a 50 point band... 5360 to 5410... Global cues, internal news , micro, macro... nothing seems to have any effect on nifty...

If these keeps up, then soon we will have to add nifty to the periodic table under the sub class, inert element...

Even poor old Udayan Mukherjee is tired of saying the same thing again and again for the past one month...

I am frustrated as hell... I even tried trading stocks for a few days, but they too have grown roots and are just swaying with the winds....

I wonder how everyone else is doing this month... please do share your experience...

Boss I am nowhere as techno savy as you are but I think tomorrow we should see Breakout one way or other. 50-60 points one should get intraday tomorrow if on the right side. So get your cannons oiled & ready to fire.

Cheers !!!!

Alok Tewari