Nifty Futures Trading

[Sunil]

interesting study, murtuza....
i've not checked with nifty, but applying same calculation for nifty from 4650 to 2250, 61.8% comes to around 3735, which also is the immediate day high after 3800 broke down.
the rectangle of 3300-3520 also has the target at 3520+220 = 3740

Spot's high as of now 3680. the end of the rally is near. Logically, 3800 is the MAX it should go upto - a goodbye kiss to the earlier multi-month support (RSR) of 3800.

If one considers the bigger rectangle of 2500-3150, then here too target comes at 3800.

:gun2::gunsmilie:

:eat:

coupled with -ve divergences & OB conditions

 

[GokaSingh]

Again Reliance & ONGC managed Nifty …
Around 12,000,00 of Reliance & 5,00,000 of ONGC are sold at NSE and nifty lost 30 points in half hour.

Nifty as index looks quite weak

3600 Put adds 24 % and 3600 n 3500 call are around -2 % in OI.

Where is market going ? Praveens strategy looks good for these days …

 

[MurAtt]

I bot 3700CE n 3700 PE both @ 189 when NF @ 3700.
Also bot 1NF @ 3621, then bounced to 3445 but again down, SL hit at 3620, got sold @ 3618. And then mkt bounced back to 3640!!!!!

Was hoping that mkt will bounce till 3655 but never got there.

Lets see where we go 2morrow ...

 

[praveen taneja]

Greed is heavy on thinking so taking Reliance 1890 put and call at 97 & 116 Lets seeeeeeeeeeeeee what is in store to end the day..............Reliance now on 1907

:rofl::rofl::rofl:what a good day for me
sold put at 102 and out of call at 130 I am Loving It
Again I am on No mans Land no trade in Hand Tomorrow election so no trading and mkt watching enjoy day with family and beat the heat with Rooh Afja:rofl:

 

[praveen taneja]

Again Reliance & ONGC managed Nifty
Around 12,000,00 of Reliance & 5,00,000 of ONGC are sold at NSE and nifty lost 30 points in half hour.

Nifty as index looks quite weak

3600 Put adds 24 % and 3600 n 3500 call are around -2 % in OI.

Where is market going ? Praveens strategy looks good for these days

bro when uncertainity is heavy on everything best is to enter in straddle at least no chance of a loss
max can happen is one of ur trade go in 50% loss n other wowowowowowowoww triple
But pls dont follow me as I always say I am tukka master with lots of experience in tukka Now sunil Bro is here he can tell us all what can be the best strategy to earn huge money

 

[praveen taneja]

I bot 3700CE n 3700 PE both @ 189 when NF @ 3700.
Also bot 1NF @ 3621, then bounced to 3445 but again down, SL hit at 3620, got sold @ 3618. And then mkt bounced back to 3640!!!!!

Was hoping that mkt will bounce till 3655 but never got there.

Lets see where we go 2morrow ...

3700 call close at 148.50 & put close at 217.50 at a time both of ur trade were in superb profit call around 3710-15 and put around 3630
if I was at ur place must had covered one n wait of second with SL my cost + brokerage put made high 204 & call 227
It is true that no one can always pick HOD but still the revearsal point we have to always keep an eye on from where we book our profit

 

[MurAtt]

3700 call close at 148.50 & put close at 217.50 at a time both of ur trade were in superb profit call around 3710-15 and put around 3630
if I was at ur place must had covered one n wait of second with SL my cost + brokerage put made high 204 & call 227
It is true that no one can always pick HOD but still the revearsal point we have to always keep an eye on from where we book our profit

Yes PT bhai,

Please do post your comments - as usual - for us to learn and become
Asstt. Tukka Master .

On a more serious note, your comments DO help us. Please do keep on posting - this is how we are going to learn.

 

[MurAtt]

3700 call close at 148.50 & put close at 217.50 at a time both of ur trade were in superb profit call around 3710-15 and put around 3630
if I was at ur place must had covered one n wait of second with SL my cost + brokerage put made high 204 & call 227
It is true that no one can always pick HOD but still the revearsal point we have to always keep an eye on from where we book our profit

Can u elaborate please ....

Mkt at 3700, bot both CE and PE.

Now mkt 3710. Call rises to say 210 from 190. So u sell the call and wait for the mkt to fall down and then book your put? Then how SL comes into play

OR

When mkt is high, u sell the loss making leg i.e. Put and keep SL for call and ride to the high?

 

[praveen taneja]

Can u elaborate please ....

Mkt at 3700, bot both CE and PE.

Now mkt 3710. Call rises to say 210 from 190. So u sell the call and wait for the mkt to fall down and then book your put? Then how SL comes into play

OR

When mkt is high, u sell the loss making leg i.e. Put and keep SL for call and ride to the high?

Ok it is my strategy if i bought at 3700 and when mkt is at day s high as all known todays max can be 3740 after BO happen i posted that too so i would try to book anywhere between 3715-20 or above that i will go with trailing sl and when out of my first trade and on only put will put a sl at cost + brokerage means if mkt didnot come down n keep on going up my puts will go down and sl will hit if mkt rise but that happen rarely if you are keeping support and resistence in mind

 

[praveen taneja]

Can u elaborate please ....

Mkt at 3700, bot both CE and PE.

Now mkt 3710. Call rises to say 210 from 190. So u sell the call and wait for the mkt to fall down and then book your put? Then how SL comes into play

OR

When mkt is high, u sell the loss making leg i.e. Put and keep SL for call and ride to the high?

No bro I try to sell the resistence and buy the support only