Nifty Futures Trading

[Sunil]

covered my puts, initiated at 4530 levels, here...

Now, gap support of SPOT 4240 is being held as of now... (LOD 4243)...
will look to go go long near 4225/4235 spot, as mentioned about 4215 support...

one may also use options / mini futs to target reversal

 

[Sunil]

Hi Sunil,

Today the spot is at 4255 and I have position for options at Rs 62 4350 put..it is currently trading at 100 Rs..If i sell now at 100 Rs what will be the profit..?

Regards
Lalith

your gross profit would be obviously (100-62) = 38

 

[NJ:)]

Mkts will hang on till credit policy.....

 

[lalpar]

Soquared off at Rs 100..Profi of Rs 32 in contract

 

[Sunil]

Soquared off at Rs 100..Profi of Rs 32 in contract

good lalith... a big pat for your first options trade...
one thing you did good was that (while following vinod, i guess) you bought ATM / ITM option to generate nearly full value of fall...
keep this thing in mind...

 

[mitasatyajit]

Very good support at this band (4240 - 4260) better to be side of the market now. Most probably we have seen todays low already.

 

[lalpar]

good lalith... a big pat for your first options trade...
one thing you did good was that (while following vinod, i guess) you bought ATM / ITM option to generate nearly full value of fall...
keep this thing in mind...

Thanks Sunil...I did follow Vinod Sir's thread.But the fact is this time I was confident of my trade as I was observng the charts and it showed side ways movement with bias towards downwards...Thats why I took the options trade..And usually at end of month if your diection is right you get the full vale..thats what I did..But nothing to be over confident of as there is lots to learn for me in options as well as futures...Only time will tell whether I will be a good trade or not..But I will keep putting my effort to have trades based on chart without any emotions....with strct SL..

Regards
Lalith

 

[Sunil]

Thanks Sunil...I did follow Vinod Sir's thread.But the fact is this time I was confident of my trade as I was observng the charts and it showed side ways movement with bias towards downwards...Thats why I took the options trade..And usually at end of month if your diection is right you get the full vale..thats what I did..But nothing to be over confident of as there is lots to learn for me in options as well as futures...Only time will tell whether I will be a good trade or not..But I will keep putting my effort to have trades based on chart without any emotions....with strct SL..

Regards
Lalith

I would excuse this time as it was your first trade, and supports being near, but i would advise not to close full position, but book part profits (if you have more than one lot), and keep a trailing stop.

Problem with options is that it will NEVER give you full value of movement, but the bigger plus is that, in case you are gap-stopped or big movement beyond even your SL, your loss is limited to the options cost.

 

[Sunil]

Very good support at this band (4240 - 4260) better to be side of the market now. Most probably we have seen todays low already.

Sir, please can you post the latest hourly "dragon" chart - it's very neat, crisp & clear....

 

[lalpar]

I would excuse this time as it was your first trade, and supports being near, but i would advise not to close full position, but book part profits (if you have more than one lot), and keep a trailing stop.

Problem with options is that it will NEVER give you full value of movement, but the bigger plus is that, in case you are gap-stopped or big movement beyond even your SL, your loss is limited to the options cost.

Yup Sunil agreed....I traded with only 1 lot..Thats why I did not want to take a chance of waiting for the policy and see the direction of market..I am happy with what I got and so I sqared..I did not want to risk it with something which I dont know..

Regards
Lalith