Nifty Futures Trading Part 2 (Positional)

[coolboy007]

More interesting chart than Nifty's
As RIL and Nifty move in sync here the RIL weekly

 

[coolboy007]

Kya yaar cool man sara weekend kharaab karke rakh diya hahahahaha

Maine kya kiya what is truth is truth
I myself have Puts 1230 of it.. Have forgotten bout them now , its time to Go long once those Levels are crossed.

 

[praveen taneja]

Maine kya kiya what is truth is truth
I myself have Puts 1230 of it.. Have forgotten bout them now , its time to Go long once those Levels are crossed.

Ohh on that day u didnot booked i think u were in profit at that time
Dont worry when everyone saying go long means time of mkt to fall

 

[Czar]

But praveen who is saying go long ???

everyone writing here is ready for a fall, everyone has nice bunch of put, nobody is even considering an upside (besides sk who is now getting tense I guess, so he got the 1st seeds of bullish doubts

till retail is bearish its difficult for a big crack...

technically only bullish signal were coming since last week, but the analsyts are refusing to listen... thus was the perfect setup for a upmove...

even udayan trumpeted bearishness, in last 2 days i posted various charts showing upside... & the stoploss was so close to go long still all I read was get ready for esselworld ride down & oh dow is cracking kal to circuit... I warned day before y'day ... young bears should not get trigger happy...

SK: will do so over the weekend...

 

[coolboy007]

Whoz SK by the way?????

Lets see what unfolds next week. All Scrips are almost there at their breakout levels. Only a trigger is awaited , Hope it comes the other way

 

[Czar]

but whats the point CB from 2750 say we reach 3050 & all retailer must be holding 25/2700 puts, which will mostly go down the drain as settlement will be coming up & forget that but a 10%+ upside opportunity missed... dont expect miracles in losing trades... people buy options as if chal theek hai, gayaa to gayaa atleast limited loss hai, but thats not responsible trading, its like the tukka master onebull category

 

[coolboy007]

but whats the point CB from 2750 say we reach 3050 & all retailer must be holding 25/2700 puts, which will mostly go down the drain as settlement will be coming up & forget that but a 10%+ upside opportunity missed... dont expect miracles in losing trades... people buy options as if chal theek hai, gayaa to gayaa atleast limited loss hai, but thats not responsible trading, its like the tukka master onebull category

Well retailers lose everywhere to be honest. Day trading , Futures , Options whatever. Last Exp we witnessed 200 point jump in Nifty b4 exp and many puts expired worthless whereas 2700-2800 calls of dec appreciated from 4 rs to 40 rs.
How can the retailers know that market will jump 200 points that too 2 days before exp. I bet hardly anyone would have got those 2800 calls at 4 and sold at 40. Very few would have known that.
Now for eg , i bought RIL puts for 3 k (1 st week feb exp ) keeping my SL level at 1336 on closing basis. Whole week mkts didnt budge anywhere and Puts already lost so much value. Then came this trading jump which has now almost finished them
My strategy is Like recently i bought 2 lots ONGC puts at 720 level , 1 lot gave me profit to keep other free of cost . Have kept a trailing SL there as i still think Ongc is weak but i have no way out to See RIL puts , just 1k left out of 3k , then I have no other way out but to take a chance there.
Mkts dont always move with technicals , Luck By chance

Yeah RIL Put may expire worthless (acc to technicals now) but still 8 sessions left and sometimes these are enugh.

 

[learn2trade08]

dear cb,
personal experience,markets adhere to technicals 100%,its just that we get the technicals wrong...

Well retailers lose everywhere to be honest. Day trading , Futures , Options whatever. Last Exp we witnessed 200 point jump in Nifty b4 exp and many puts expired worthless whereas 2700-2800 calls of dec appreciated from 4 rs to 40 rs.
How can the retailers know that market will jump 200 points that too 2 days before exp. I bet hardly anyone would have got those 2800 calls at 4 and sold at 40. Very few would have known that.
Now for eg , i bought RIL puts for 3 k (1 st week feb exp ) keeping my SL level at 1336 on closing basis. Whole week mkts didnt budge anywhere and Puts already lost so much value. Then came this trading jump which has now almost finished them
My strategy is Like recently i bought 2 lots ONGC puts at 720 level , 1 lot gave me profit to keep other free of cost . Have kept a trailing SL there as i still think Ongc is weak but i have no way out to See RIL puts , just 1k left out of 3k , then I have no other way out but to take a chance there.
Mkts dont always move with technicals , Luck By chance

Yeah RIL Put may expire worthless (acc to technicals now) but still 8 sessions left and sometimes these are enugh.

 

[Czar]

CB: so basically you are using we trade & hope it goes our way strategy ?

 

[ThE HaMmEr]

heeeey czar.......

1 request yaar....can u please remove the technical indicators and that w w levels frm ur charts.....

it will gv greaat clarity....a picture is worth thousand words.....

i get to knw only 700 coz i use only rsi

thanks

regards

neeraj