Nifty Futures Trading

[Sunil]

Bears, take a cheerful side...

y'day RSI even in 60min chart had closed at 26!!!.
some pullback is good; so that nifty can have a smooth downmove tomorrow - the last day of the week before 3 days' holidays.

sharpen your nails for tomorrow & look out for that 2800-10 chowkidaar
and before that 2774 mini chowkidaar
(SPots)

 

[arnav_rulz]

I agree with you regarding the "time factor" in options, arnav...

few days back when we had a good downmove, I had booked profit in my 2800 PUT at around 165. (high was 175 something)
At that time, it was not even below 2750. (i think it was the day when u were discussing with Asish da ab your options views)

Today, after many days of ping pongs & even after today's downfall, highest value of that same Put 2800 is only 157.

Yeah.. And just think... Selling call and Put Both ways !!

and in your case in was still a few days(although a good amount of premium reduced) I was talking about reduction in premium in purely intraday basis !!

*Although ill never ever advice any1 to sell options to gain Premium amount wiped off in intraday basis due to time expiry factor{i.e if you think today will be a consolidating market so lets sell some options(both call and Put) in the morning and will cover it @ day's end.}

Again srry for such complications :S, But i cant help it... hehe

 

[kalwarik]

tomorrow all will depend on reliance nos

 

[arnav_rulz]

Arnav, why don't you open a new Options thread... I'd like to discuss such strategies with you.

(I also have an Options thread, orphaned now - whatever you feel like - I am interested)

Yeah... would love to continue on your thread only. There are lyke pretty good strategies already mentioned there So will be a lot easier ..

 

[Sunil]

gosh...
market closes when it was just about to complete H&S in 1min

neck around 2675
negation 2700
for tomorrow, initial upmove above 2711.
(all this, if we don't have a big gap open)

 

[MurAtt]

A gap open, very likely in anticipation of RIL nos.
If the nos aren't as good then -- whoosh - we move down else
we stay at the gap up and maybe try to stay up -

Another factor is US and ASIA. If the US announces something concerning INDIA
which they have not done till yet then mkts may cheer up a bit. Asia too if in positive
could cheer us up ...

Then again the lower levels are not having such support, they are not breaking but no major buying is coming in at 2700 levels ...

So as usual its a mix n match of many events and factors combined.

And yes an extended weekend and almost immediate expiry too will at least ensure that mkt do not bounce much.

As the seniors and my favourite poster says - The markets have a mind of its own and I could be wrong.

Cheers n Happy Trading

 

[Sunil]

Watching Asish Da's "stock-indicator" for Nifty = Reliance

lagta hain today also closing at 27xx (9th consecutive day)
tomorrow, last day of the week to show 26xx close in weekly chart

make that 10th consecutive closing between Spot 2870 - 2700 since 9th Jan.
Not just closings, but also price movements

(even today spot stayed below 2700 for hardly 10-15 mins)

 

[ag_fx]

Yeah... would love to continue on your thread only. There are lyke pretty good strategies already mentioned there So will be a lot easier ..

Though it is entirely upto you arnav, but if I may suggest, it would be better to run a seperate thread for the strategies of options etc....You may simply copy the previous posts of urs from this thread onto the new one....Like Sunil runs the Mechanical Pivot tradinmg thread.....since the trading style is different, it would be better to have another thread...

Even I would like to participate in the same....But as I said, last decision is yours...

Cheers.

 

[TrendPlayer]

Yeah... would love to continue on your thread only. There are lyke pretty good strategies already mentioned there So will be a lot easier ..

Arnav/ Sunil: Can you please share the link to that existing option's thread?

 

[columbus]

make that 10th consecutive closing between Spot 2870 - 2700 since 9th Jan.
Not just closings, but also price movements

(even today spot stayed below 2700 for hardly 10-15 mins)

11th consecutive day, Futures are at discount.