Nifty: Daily Price Analysis

[simple_trader]

These are my analysis for next one week or so -

- There are good OI in 5500-5600 call from beginning of the series, this band would provide good resistance for this series. Where as 5300 seems to be support as this PUT as highest OI.

- though over all we are near 52 weeks high, as per my analysis market is showing weakness. It remains to be seen when we correct.

- For next week I think NF resistance is between 5500-5510 and support is around 5300-5320. I am personally expecting volatility to pick up more, hence expecting weekly range to expand.

- I feel it is matter of time when we would see reversal. Better to be extra careful in holding long.

- though one section of stocks has bullishness.

- would not be surprised if we see 5300 before this expiry!


Happy Trading!

 

[simple_trader]

I have been talking about buying NIFTY PUT from 5500-5550 range for positional for 5100 target. Time has come, look at Sept PUT. Take it like any other trade with risk reward. Hold it for 5100.

Do it within your risk limit. take it as whole premium as SL. Do not over trade!

Happy Trading!

 

[rrmhatre72]

I have been talking about buying NIFTY PUT from 5500-5550 range for positional for 5100 target. Time has come, look at Sept PUT. Take it like any other trade with risk reward. Hold it for 5100.

Do it within your risk limit. take it as whole premium as SL. Do not over trade!

Happy Trading!

Hi ST,

Which strike do you reccomend? 5600, 5500 or 5400?

 

[simple_trader]

Hi ST,

Which strike do you reccomend? 5600, 5500 or 5400?

I like 5500 Sept PUT. Please do not over trade!

 

[Subhadip]

I like 5500 Sept PUT. Please do not over trade!

but nifty in bullish....

 

[simple_trader]

but nifty in bullish....

May be. You may be right. I am not saying based on intraday chart, that may be the difference. I have placed technical reasons in this thread. When we take trade, we do not know it will be wrong or right. We need to wait and see. We can neither be confident , nor be less confident that it would work. Chosen PUT because of not dealing with SL.

http://www.traderji.com/derivatives/23534-food-thought-36.html

 

[praveen taneja]

I like 5500 Sept PUT. Please do not over trade!

Bro sorry for asking question directly but in many threads I see people are in a hurry to buy puts any specific reason for that ???????????
what i feel is mkt took so much time in crossing 5500 and it wont b going back so easily it must and would stay there wait for booking loss by shorts then fall in a sudden so long book loss mkt is like that
prem are high in options and 5600 is not far away let it touch there but my choice for SAR is 5656 still and 5625-5650 zone is best to enter 5500 put more chance of me going wrong as always

 

[simple_trader]

Bro sorry for asking question directly but in many threads I see people are in a hurry to buy puts any specific reason for that ???????????
what i feel is mkt took so much time in crossing 5500 and it wont b going back so easily it must and would stay there wait for booking loss by shorts then fall in a sudden so long book loss mkt is like that
prem are high in options and 5600 is not far away let it touch there but my choice for SAR is 5656 still and 5625-5650 zone is best to enter 5500 put more chance of me going wrong as always

PT Ji, I do not think it is buying in hurry. I guess i wrote about this range for shorting 1-2 months back. Whether market can prove it right or wrong is different matter. Please do not tell it in hurry. Also it is not like trying to catch top either, which is a dangerous game!

Please check this thread for the reason. Though the same reason i wrote 1-2 months back in some other thread, which I can not find now.

http://www.traderji.com/derivatives/23534-food-thought-36.html

Also, it's my view. I do respect your view and others' as well. We all can share our views!

 

[praveen taneja]

Yes bro u are right that 5550-5650 zone is and can be end of this upmove but question is still same that did FII and bulls work so hard to get only 5500 number or there tgt is small retail investor which are entering in mkt now bcoz of increase in vollume of most small cap suggest I still feel 5650 possible next week IF expiry stop it then max next week but down No chance yet

 

[linkon7]

Bro sorry for asking question directly but in many threads I see people are in a hurry to buy puts any specific reason for that ???????????
what i feel is mkt took so much time in crossing 5500 and it wont b going back so easily it must and would stay there wait for booking loss by shorts then fall in a sudden so long book loss mkt is like that
prem are high in options and 5600 is not far away let it touch there but my choice for SAR is 5656 still and 5625-5650 zone is best to enter 5500 put more chance of me going wrong as always

i entered 5500 put Sept yesterday... at 99
i shorted 5500 put Aug also...at 33... as a hedge...
effective cost of the put : 66...

For reference, 5400 put sept was trading at 67... which will be roughly the price of 5500 sept put if we ever touch 5600... At that point, i can go in for a 5600-5500 put sept spread....

On the down side.... not much to worry...

besides, sept series is going to be a really long one.... almost 5 weeks to go...