Nifty Futures Trading

[VJAY]

Squared today's option holdings 4000 P (@200 - @175) 25/- per lot 10 lots.

Option losses covered.

Regards.

Can I buy 2day and also squareup 2day in Nifty Options.I known as it is not possible hence it is an European style.Please clarify.

 

[milkyblack]

Can I buy 2day and also squareup 2day in Nifty Options.I known as it is not possible hence it is an European style.Please clarify.

Yes you can buy/sell today and square off the next second!
European style means you cannot Exercise the option anytime

Regards

 

[mahesh2007]

Can I buy 2day and also squareup 2day in Nifty Options.I known as it is not possible hence it is an European style.Please clarify.

Index options are -CE(call European) & PE(Put European)
This means that these options can be excercised only on the expiry day but u can square off your position(option) anytime.

 

[debdeeps]

Could well be a minor pullback in an uptrend (& unlikely to deter Reddy)

Regards

Dear kkseal sir,
IMHO the pullback can be much stronger if crude falls below $126, currently trading at $129

 

[Sunil]

NIFTY SPOT LEVELS FOR TODAY'S TRADING

PIVOTAL SUPPORT
3900-3915 - The current uptrend is alive as long as spot sustains above 3900. If, at opening, these levels come, one can go long, with SL below 3890.
As of now, nothing indicates that 3880 support will be broken today (unless some nehgative news regarding the vote of confidence on coming Tuesday)


RESISTANCES:
(again coincidentally, it's a 30 point ladder today)
3950
3980 - this need to be crossed at opening for some signs of bullish strength
4010 - The R1 for today, the psychological first target for recovery around 4000.
4040 - The gap target of tuesday's gap down open. If carrying longs since yesterday, or able to buy today at lower levels, then this should be the range 4010-40 to book majority of profits.

If this is crossed today or some other day, then the next logical target would be the ever-nagging/ strong resistance of 4110-15, with minor resistance at 4070.



As of now, Asian markets are not showing a big gap up today (infact, some are cooling off their day's highs)
Dip in Oil price is due to profit booking ahead of contract expiry on 18.07.2008
Political uncertainty is the roadblock ahead.

 

[Sunil]

(attempting for FUT levels):

Buy above 3970 for 3985/4020/4040
or
buy near 3875/3900 with SL below 3870 (the LH of uptrend)

 

[tinchu76]

NIFTY SPOT LEVELS FOR TODAY'S TRADING

PIVOTAL SUPPORT
3900-3915 - The current uptrend is alive as long as spot sustains above 3900. If, at opening, these levels come, one can go long, with SL below 3890.
As of now, nothing indicates that 3880 support will be broken today (unless some nehgative news regarding the vote of confidence on coming Tuesday)


RESISTANCES:
(again coincidentally, it's a 30 point ladder today)
3950
3980 - this need to be crossed at opening for some signs of bullish strength
4010 - The R1 for today, the psychological first target for recovery around 4000.
4040 - The gap target of tuesday's gap down open. If carrying longs since yesterday, or able to buy today at lower levels, then this should be the range 4010-40 to book majority of profits.

If this is crossed today or some other day, then the next logical target would be the ever-nagging/ strong resistance of 4110-15, with minor resistance at 4070.



As of now, Asian markets are not showing a big gap up today (infact, some are cooling off their day's highs)
Dip in Oil price is due to profit booking ahead of contract expiry on 18.07.2008
Political uncertainty is the roadblock ahead.

Would love to have these levels in Nifty Futures if possible??

 

[Sunil]

Would love to have these levels in Nifty Futures if possible??

Yaar tinchu,

firstly, I dont have access to the 5day intraday chart of FUT
secondly, I have been observing such Sup/Res level of Spot & FUT, and I found Spot levels to be more reliable. Also, Fut levels change every month (even now, FUT July & Aug are forming different sup/res levels, which AUG FUT may not follow that much in month of august). But SPOT levels have been historically following certain chartical levels of supports & resistances. FUT is just a mix of speculation + sentiment reflecting in its discount/premium to spot levels.

(this is my subjective view)

 

[Sunil]

(attempting for FUT levels):

Buy above 3970 for 3985/4020/4040
or
buy near 3875/3900 with SL below 3870 (the LH of uptrend)

it should not be "LH of uptrend'

it's actually prev HH of uptrend

 

[Sunil]

As of now, Asian markets are not showing a big gap up today (infact, some are cooling off their day's highs)


Wassup boss????

Not just cooling, but now in red...!!!