Nifty Futures Trading Part 2 (Positional)
- Thread starter Czar
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- Tags acd method logical trader nifty futures nifty positional trade nifty trading vix
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Nah!!!!
But i agree with your point that Options Buyers always have a tendency to Say Our loss is limited.
What could i do , i had resistance of 1336 ahead , i shorted , now neither RIL fell to make Put into profit nor it rose above 1336 to trigger SL and when it moved it left me gasping for breadth. I think i would have to use a TIME SL also with my Options frm now
But i agree with your point that Options Buyers always have a tendency to Say Our loss is limited.
What could i do , i had resistance of 1336 ahead , i shorted , now neither RIL fell to make Put into profit nor it rose above 1336 to trigger SL and when it moved it left me gasping for breadth. I think i would have to use a TIME SL also with my Options frm now
Of course it is easy to write and explain and tough to implement but this is a kind of a rule.
Murtaza
Alex,
Can this be treated the same as the Option Pain chart you post here?
Max OI for 2800 Puts and 2900 Calls but OI for Puts 2900 and Calls 3000 increasing.
Would this mean that as of now we would be expiring anything between 2800 and 3000.
Can this be treated the same as the Option Pain chart you post here?
Max OI for 2800 Puts and 2900 Calls but OI for Puts 2900 and Calls 3000 increasing.
Would this mean that as of now we would be expiring anything between 2800 and 3000.
This is a daily chart of the Nifty. My simplistic analysis tells me to continue holding a long position - both price and momentum indicators are pointing up. A look at past price action (going back to October) reveals key support/resistance points. The thick green line @ 2850 is the one which is an essential support, which if broken, I would go short.
The thick yellow line at 3150 serve as key resistance - the market was unable to cross it and fell on large volumes on Jan 7, 2009. Another test of this line is possible. My trade would be to go short when a retest happens, with a stop loss of Nifty closing ABOVE the yellow line.
Levels between 2850 and 3150 can be traded intra-day. This is not an ideal place to initiate a positional trade (with RSI at 56, having crossed 30 from below a 100 points lower), but if one had to initiate now, one would buy and hold long, in the direction of the short term trend (UP).
Agree/Disagree/Comments?
The thick yellow line at 3150 serve as key resistance - the market was unable to cross it and fell on large volumes on Jan 7, 2009. Another test of this line is possible. My trade would be to go short when a retest happens, with a stop loss of Nifty closing ABOVE the yellow line.
Levels between 2850 and 3150 can be traded intra-day. This is not an ideal place to initiate a positional trade (with RSI at 56, having crossed 30 from below a 100 points lower), but if one had to initiate now, one would buy and hold long, in the direction of the short term trend (UP).
Agree/Disagree/Comments?
Hey Czar
Yeah - I've been trading intra-day - I avoid BTST/STBT, but it can be done in the direction of the trend. Thus I wouldn't take any STBT signal if the ST trend is up (current situation), and won't take a BTST signal if the ST trend is down.
I find that the simpler the technical analysis, the more successful it is for positional trading. Price and Oscillators are in agreement - that's good enough for me. High frequency trading is more complicated, but there I rely on my screen reading. I don't want to be overly reliant on charts.
I think the quality of posting/analysis here has gone up considerably, and a lot of folks are contributing - that's a good development.
Yeah - I've been trading intra-day - I avoid BTST/STBT, but it can be done in the direction of the trend. Thus I wouldn't take any STBT signal if the ST trend is up (current situation), and won't take a BTST signal if the ST trend is down.
I find that the simpler the technical analysis, the more successful it is for positional trading. Price and Oscillators are in agreement - that's good enough for me. High frequency trading is more complicated, but there I rely on my screen reading. I don't want to be overly reliant on charts.
I think the quality of posting/analysis here has gone up considerably, and a lot of folks are contributing - that's a good development.
- Status
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