Nifty Intraday Pivot Points

[SavantGarde]

Hi Prabhan,

I Don't Know What To Say, Such An Idiotic Trade On Your Part.

a) Always Remember After The 15th Of The Month To Hedge Your Position....Depending On The Range That Nifty Is Moving In....Having Said That....

b) Two Different Strikes & Combination Of CALL & PUT...I Will Not Using The Technical Terms Here For Easier Understanding....

Let's Say Nifty Is In A Range Of 200 Points.....& You Have Bought ATM CALL Near The Lower Range.....When Nifty Moves To The Higher Range & One Observes That It Is Facing Some Kind Of Resistance To Breakout On The Upside From This Point, This Is When BUYs ATM PUT....When Nifty Is Perceived To Be Moving Towards The Lower Range Then One Square Off The CALL & Maintain The PUT.....Same Strategy To Be Employed From The Lower Range Towards The Higher Range.....

If A Trader Is Nimble Enough Can Employ The Same Strategy For Intraday....If Nifty Is Going To Move In 30+ Point Range Atleast

Now Coming To Your Position.....Of 4200PE & 4400PE, I Suggest Square Off At A Suitable Point On Monday....& BUY 4500CE If NF Is Above 4585.00... Can't Elaborate More....Till I See How Monday Is Panning Out During The Day....& Whether Any Weakness Creeps In During The Second Half Session....

Happy & Safer Trading

SavantGarde

Hi Sir,

I am following ur views n updates from th past few months and found extremly gud and helpful.
I need your advice for the below trade.
I was holding 4500/4600 nifty aug calls till friday morning but took chance of catching same calls at lower levels, so sold these positions at small loss and bought 4200 (@ 11.5)/4400 (@60) aug pe and thought of squaring off put options at nifty lower levels and rebuy those call options at cheaper rate. But after that nifty went up and dint get the chance of squaring off puts. Now I am in huge loss due to buying of these put options. Wat u recommend to safeguard my invested amount in puts.
I am luking fwd for ur advice. Please help.
Thanks in Advance...

 

[Prabhan]

Hi Prabhan,

I Don't Know What To Say, Such An Idiotic Trade On Your Part.

a) Always Remember After The 15th Of The Month To Hedge Your Position....Depending On The Range That Nifty Is Moving In....Having Said That....

b) Two Different Strikes & Combination Of CALL & PUT...I Will Not Using The Technical Terms Here For Easier Understanding....

Let's Say Nifty Is In A Range Of 200 Points.....& You Have Bought ATM CALL Near The Lower Range.....When Nifty Moves To The Higher Range & One Observes That It Is Facing Some Kind Of Resistance To Breakout On The Upside From This Point, This Is When BUYs ATM PUT....When Nifty Is Perceived To Be Moving Towards The Lower Range Then One Square Off The CALL & Maintain The PUT.....Same Strategy To Be Employed From The Lower Range Towards The Higher Range.....

If A Trader Is Nimble Enough Can Employ The Same Strategy For Intraday....If Nifty Is Going To Move In 30+ Point Range Atleast

Now Coming To Your Position.....Of 4200PE & 4400PE, I Suggest Square Off At A Suitable Point On Monday....& BUY 4500CE If NF Is Above 4585.00... Can't Elaborate More....Till I See How Monday Is Panning Out During The Day....& Whether Any Weakness Creeps In During The Second Half Session....

Happy & Safer Trading

SavantGarde

Savant Sir,
I know I did blunder by doing this trade. Made Mistake in terms of not hedging my positions and did the trade which was not required at all.
Thanks alot for your reply sir and making me understand the things.

I will try to catch 4500ce on monday. If Nifty is not correcting on monday and is moving up, then can I buy 4600ce?

 

[SavantGarde]

Prabhan,

4600 CE Is Not Discussed & Is Not Recommended, Stop Thinking In Terms Of Cheaper Premium Strike.....We Will Be In Expiry Week And May Have To Pickup 4500PE Perhaps Later During The Week If Needed.

4600CE Perhaps Come Into Play For September & We Shall See On Thursday

Happy & Safer Trading

SavantGarde

Savant Sir,
I know I did blunder by doing this trade. Made Mistake in terms of not hedging my positions and did the trade which was not required at all.
Thanks alot for your reply sir and making me understand the things.

I will try to catch 4500ce on monday. If Nifty is not correcting on monday and is moving up, then can I buy 4600ce?

 

[enygma]

Prabhan,

All of us make mistakes when trading and I can see Savant has already given you a bit of TL (not trendlines )

Just wanted to summarize the mistakes we do because of the "newbie trading psychology" so that you understand these and avoid it the next time.

1. There was some weakness in the morning on Friday and your first thought to square off and buy back later at a lower price was perhaps correct.

2. After having squared off, why take the additional trade which was not the original plan? Was it the greed because as per your analysis the markets would fall for a short time and then run up?

3. Even then, buying the 4200 PE was an absolute no-no. Were you really believing at that point in time that the market will come down to 4190 by Thursday for you to be in profit or that such a rapid fall with happen that the options will appreciate in value.

4. Fine now the markets moves against your thinking - please do not keep hoping that it will come back to where you want to. A good trader would square off and immediately go back to longs.

To summarize

- If you have a plan, stick to it instead of changing it mid-course. Trading must be kept simple.
- Be ready to accept that the market will often go against your thinking and your position but good traders accept that and change their stance instead of staying in the realm of hope.
- There is a good strategy that Savant has mentioned above, try that out without any unnecessary tweaks.

Sorry for analyzing your trades but there were the same mistakes that most of us have done. It is only when I sit back and analyze why I traded that I understand the psychology of greed and fear better.

I read somewhere that persons from the army background make good traders. The reason is simple - emotionless discipline, just stick to the rules.

Regards,
Enygma.

Hi Sir,

I am following ur views n updates from th past few months and found extremly gud and helpful.
I need your advice for the below trade.
I was holding 4500/4600 nifty aug calls till friday morning but took chance of catching same calls at lower levels, so sold these positions at small loss and bought 4200 (@ 11.5)/4400 (@60) aug pe and thought of squaring off put options at nifty lower levels and rebuy those call options at cheaper rate. But after that nifty went up and dint get the chance of squaring off puts. Now I am in huge loss due to buying of these put options. Wat u recommend to safeguard my invested amount in puts.
I am luking fwd for ur advice. Please help.
Thanks in Advance...

 

[Prabhan]

Prabhan,

4600 CE Is Not Discussed & Is Not Recommended, Stop Thinking In Terms Of Cheaper Premium Strike.....We Will Be In Expiry Week And May Have To Pickup 4500PE Perhaps Later During The Week If Needed.

4600CE Perhaps Come Into Play For September & We Shall See On Thursday

Happy & Safer Trading

SavantGarde

Sir,
Thanks for your kind advice. As of now, will try to square off my puts during monday and ask for your recommendation during the week.

 

[Prabhan]

Prabhan,

All of us make mistakes when trading and I can see Savant has already given you a bit of TL (not trendlines )

Just wanted to summarize the mistakes we do because of the "newbie trading psychology" so that you understand these and avoid it the next time.

1. There was some weakness in the morning on Friday and your first thought to square off and buy back later at a lower price was perhaps correct.

2. After having squared off, why take the additional trade which was not the original plan? Was it the greed because as per your analysis the markets would fall for a short time and then run up?

3. Even then, buying the 4200 PE was an absolute no-no. Were you really believing at that point in time that the market will come down to 4190 by Thursday for you to be in profit or that such a rapid fall with happen that the options will appreciate in value.

4. Fine now the markets moves against your thinking - please do not keep hoping that it will come back to where you want to. A good trader would square off and immediately go back to longs.

To summarize

- If you have a plan, stick to it instead of changing it mid-course. Trading must be kept simple.
- Be ready to accept that the market will often go against your thinking and your position but good traders accept that and change their stance instead of staying in the realm of hope.
- There is a good strategy that Savant has mentioned above, try that out without any unnecessary tweaks.

Sorry for analyzing your trades but there were the same mistakes that most of us have done. It is only when I sit back and analyze why I traded that I understand the psychology of greed and fear better.

I read somewhere that persons from the army background make good traders. The reason is simple - emotionless discipline, just stick to the rules.

Regards,
Enygma.

Hi Enygma,
Thanks alot buddy for your kind advice. Definlty will follow the above said rules. As I m new one to options, so learning at some cost in terms of losses.

Regards,
Prabhanshu

 

[aabhi06]

Re: Nifty Intraday Pivot Points for 24th August 2009

'JAI BABA'​

NiftyFuture Intraday Pivot Points for 24th Aug 2009

[SIZE="3"][B]NF CLOSE	4536.20

PIVOT		4448.00

R1	4474.00	S1	4398.00
R2	4499.00	S2	4349.00
R3	4549.00	S3	0000.00
R4	4598.00	S4	0000.00
R5	4624.00	S5	0000.00
R6	4649.00	S6	0000.00[/B][/SIZE]

 [COLOR="purple"][U][B]NIFTY FUTURE BUY SELL TRIGGERS LONG TERM[/B][/U][/COLOR]

[COLOR="purple"][B]DATE		CLOSE	TRIGGER	S/L[/B][/COLOR]

21-AUG-2009	4536.20	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
20-AUG-2009	4456.05	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
19-AUG-2009	4386.05	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
18-AUG-2009	4454.55	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
17-AUG-2009	4372.60	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
14-AUG-2009	4575.10	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
13-AUG-2009	4611.10	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
12-AUG-2009	4460.00	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
11-AUG-2009	4464.45	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
10-AUG-2009	4425.75	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
07-AUG-2009	4480.85	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
06-AUG-2009	4578.25	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
05-AUG-2009	4705.25	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
04-AUG-2009	4679.25	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
03-AUG-2009	4714.10	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
31-JUL-2009	4636.05	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
30-JUL-2009	4572.75	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
29-JUL-2009	4512.05	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
28-JUL-2009	4565.85	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
27-JUL-2009	4576.80	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
24-JUL-2009	4575.45	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
24-JUN-2009	4305.20	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
23-JUN-2009	4247.90	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
22-JUN-2009	4236.05	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
19-JUN-2009	4323.80	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
18-JUN-2009	4264.05	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
17-JUN-2009	4353.05	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
16-JUN-2009	4528.60	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
15-JUN-2009	4499.80	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
12-JUN-2009	4588.85	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
11-JUN-2009	4642.50	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
10-JUN-2009	4660.55	[COLOR="Green"]B.HOLD[/COLOR]	4868.00*
09-JUN-2009	4551.15	[COLOR="Green"]B.HOLD[/COLOR]	4630.00*
08-JUN-2009	4433.95	[COLOR="Green"]B.HOLD[/COLOR]	4630.00*
05-JUN-2009	4592.35	[COLOR="Green"]B.HOLD[/COLOR]	4630.00*
04-JUN-2009	4582.30	[COLOR="Green"]B.HOLD[/COLOR]	4630.00*
03-JUN-2009	4536.25	[COLOR="Green"]B.HOLD[/COLOR]	4630.00*
02-JUN-2009	4530.55	[COLOR="Green"]B.HOLD[/COLOR]	4630.00*
01-JUN-2009	4538.00	[COLOR="Green"]B.HOLD[/COLOR]	4630.00*
29-MAY-2009	4453.50	[COLOR="Green"]B.HOLD[/COLOR]	4630.00*
28-MAY-2009	4336.25	[COLOR="Green"]B.HOLD[/COLOR]	4630.00*
27-MAY-2009	4284.25	[COLOR="Green"]B.HOLD[/COLOR]	4630.00*
26-MAY-2009	4114.25	[COLOR="Green"]B.HOLD[/COLOR]	4630.00*
25-MAY-2009	4241.80	[COLOR="Green"]B.HOLD[/COLOR]	4630.00*
22-MAY-2009	4251.75	[COLOR="Green"]B.HOLD[/COLOR]	4630.00*
21-MAY-2009	4219.95	[COLOR="Green"]B.HOLD[/COLOR]	4630.00*
20-MAY-2009	4290.05	[COLOR="Green"]B.HOLD[/COLOR]	4080.00*
19-MAY-2009	4342.90	[COLOR="Green"]B.HOLD[/COLOR]	4080.00*
18-MAY-2009	4332.05	[COLOR="Green"]B.HOLD[/COLOR]	3709.00*
15-MAY-2009	3684.35	[COLOR="Green"]B.HOLD[/COLOR]	3709.00*
14-MAY-2009	3603.65	[COLOR="Green"]B.HOLD[/COLOR]	3709.00*
13-MAY-2009	3638.40	[COLOR="Green"]B.HOLD[/COLOR]	3709.00*
12-MAY-2009	3689.95	[COLOR="Green"]B.HOLD[/COLOR]	3709.00*
11-MAY-2009	3552.05	[COLOR="Green"]B.HOLD[/COLOR]	3709.00*
08-MAY-2009	3623.00	[COLOR="Green"]B.HOLD[/COLOR]	3709.00*
07-MAY-2009	3682.70	[COLOR="Green"]B.HOLD[/COLOR]	3701.00
06-MAY-2009	3631.65	[COLOR="Green"]B.HOLD[/COLOR]	3655.00
05-MAY-2009	3665.20	[COLOR="Green"]B.HOLD[/COLOR]	3568.00
04-MAY-2009	3658.35	[COLOR="Green"]B.HOLD[/COLOR]	3508.00
29-APR-2009	3483.10	[COLOR="Green"]B.HOLD[/COLOR]	3383.00
28-APR-2009	3354.95	[COLOR="Green"]B.HOLD[/COLOR]	3342.00
27-APR-2009	3466.15	[COLOR="Green"]B.HOLD[/COLOR]	3462.00
24-APR-2009	3482.05	[COLOR="Green"]B.HOLD[/COLOR]	3430.00
23-APR-2009	3426.05	[COLOR="Green"]BUY[/COLOR]	3420.00
22-APR-2009	3323.40	[COLOR="red"]SELL[/COLOR]	3438.00
21-APR-2009	3365.85	[COLOR="Green"]B.HOLD[/COLOR]	3470.00
20-APR-2009	3370.70	[COLOR="Green"]B.HOLD[/COLOR]	3494.00
17-APR-2009	3381.30	[COLOR="Green"]B.HOLD[/COLOR]	3492.00
16-APR-2009	3375.60	[COLOR="Green"]B.HOLD[/COLOR]	3464.00
15-APR-2009	3492.90	[COLOR="Green"]B.HOLD[/COLOR]	3425.00
13-APR-2009	3390.90	[COLOR="Green"]B.HOLD[/COLOR]	3382.00
09-APR-2009	3355.40	[COLOR="Green"]B.HOLD[/COLOR]	3333.00
08-APR-2009	3355.50	[COLOR="Green"]B.HOLD[/COLOR]	3256.00
08-APR-2009	3226.00	[COLOR="Green"]B.HOLD[/COLOR]	0000.00
06-APR-2009	3260.25	[COLOR="Green"]B.HOLD[/COLOR]	3164.00
02-APR-2009	3222.60	[COLOR="Green"]B.HOLD[/COLOR]	3094.00
02-APR-2009	3222.60	[COLOR="Green"]B.HOLD[/COLOR]	0000.00*
01-APR-2009	3061.50	[COLOR="Green"]B.HOLD[/COLOR]	3076.00
31-MAR-2009	3015.25	[COLOR="Green"]B.HOLD[/COLOR]	3094.00
30-MAR-2009	2988.10	[COLOR="Green"]B.HOLD[/COLOR]	3090.00
30-MAR-2009	3020.00	[COLOR="Green"]B.HOLD[/COLOR]	0000.00
27-MAR-2009	3126.45	[COLOR="Green"]B.HOLD[/COLOR]	3068.00
26-MAR-2009	3081.75	[COLOR="Green"]B.HOLD[/COLOR]	3008.00
26-MAR-2009	3028.00	[COLOR="Green"]B.HOLD[/COLOR]	0000.00*
25-MAR-2009	2983.10	[COLOR="Green"]B.HOLD[/COLOR]	2956.00
24-MAR-2009	2937.65	[COLOR="Green"]B.HOLD[/COLOR]	2892.00
23-MAR-2009	2938.35	[COLOR="Green"]B.HOLD[/COLOR]	2838.00
23-MAR-2009	2922-28	[COLOR="Green"]B.HOLD[/COLOR]	0000.00*
20-MAR-2009	2801.65	[COLOR="Green"]B.HOLD[/COLOR]	2818.00
19-MAR-2009	2800.75	[COLOR="Green"]B.HOLD[/COLOR]	2810.00
19-MAR-2009	2761.05	[COLOR="Green"]B.HOLD[/COLOR]	0000.00*
18-MAR-2009	2779.85	[COLOR="Green"]B.HOLD[/COLOR]	2787.00
17-MAR-2009	2751.75	[COLOR="Green"]B.HOLD[/COLOR]	2701.00
16-MAR-2009	2774.20	[COLOR="Green"]B.HOLD[/COLOR]	2680.00
13-MAR-2009	2716.20	[COLOR="Green"]B.HOLD[/COLOR]	2631.00
12-MAR-2009	2597.70	[COLOR="Green"]BUY[/COLOR]	2522.00
09-MAR-2009	2548.40	[COLOR="red"]S.HOLD[/COLOR]	2623.00
06-MAR-2009	2608.65	[COLOR="red"]S.HOLD[/COLOR]	2641.00
05-MAR-2009	2556.80	[COLOR="red"]SELL[/COLOR]	2632.00
04-MAR-2009	2630.05	[COLOR="Green"]BUY[/COLOR]	2583.00
03-MAR-2009	2590.85	[COLOR="red"]S.HOLD[/COLOR]	2648.00
02-MAR-2009	2639.40	[COLOR="red"]SELL[/COLOR]	2732.00

 [COLOR="purple"][U][B]NIFTY FUTURE BUY SELL TRIGGERS SHORT TERM[/B][/U][/COLOR]

[COLOR="purple"][B]DATE		CLOSE	TRIGGER	S/L[/B][/COLOR]

21-AUG-2009	4536.20	[COLOR="Green"]B.HOLD[/COLOR]	4428.00
20-AUG-2009	4456.05	[COLOR="Green"]B.HOLD[/COLOR]	4389.00
19-AUG-2009	4386.05	[COLOR="Green"]B.HOLD[/COLOR]	4346.00
18-AUG-2009	4454.55	[COLOR="Green"]B.HOLD[/COLOR]	4332.00
17-AUG-2009	4372.60	[COLOR="Green"]B.HOLD[/COLOR]	4289.00
14-AUG-2009	4575.10	[COLOR="Green"]B.HOLD[/COLOR]	4532.00
13-AUG-2009	4611.10	[COLOR="Green"]BUY[/COLOR]	4525.00
12-AUG-2009	4460.00	[COLOR="Red"]S.HOLD[/COLOR]	4530.00*
11-AUG-2009	4464.45	[COLOR="Red"]S.HOLD[/COLOR]	4583.00*
10-AUG-2009	4425.75	[COLOR="Red"]SELL[/COLOR]	4648.00
07-AUG-2009	4480.85	[COLOR="Green"]B.HOLD[/COLOR]	4415.00
06-AUG-2009	4578.25	[COLOR="Green"]B.HOLD[/COLOR]	4722.00
05-AUG-2009	4705.25	[COLOR="Green"]B.HOLD[/COLOR]	4715.00
04-AUG-2009	4679.25	[COLOR="Green"]B.HOLD[/COLOR]	4684.00
03-AUG-2009	4714.10	[COLOR="Green"]B.HOLD[/COLOR]	4634.00
31-JUL-2009	4636.05	[COLOR="Green"]B.HOLD[/COLOR]	4596.00
30-JUL-2009	4572.75	[COLOR="Green"]BUY[/COLOR]	4591.00
29-JUL-2009	4512.05	[COLOR="Red"]SELL[/COLOR]	4599.00
28-JUL-2009	4565.85	[COLOR="Green"]B.HOLD[/COLOR]	4592.00
27-JUL-2009	4576.80	[COLOR="Green"]B.HOLD[/COLOR]	4575.00
24-JUL-2009	4575.45	[COLOR="Green"]B.HOLD[/COLOR]	4554.00
23-JUL-2009	4535.00	[COLOR="Green"]B.HOLD[/COLOR]	4536.00
22-JUL-2009	4405.15	[COLOR="Green"]B.HOLD[/COLOR]	4503.00
21-JUL-2009	4473.35	[COLOR="Green"]B.HOLD[/COLOR]	4438.00
20-JUL-2009	4510.15	[COLOR="Green"]B.HOLD[/COLOR]	4358.00
17-JUL-2009	4381.50	[COLOR="Green"]B.HOLD[/COLOR]	4270.00
16-JUL-2009	4224.85	[COLOR="Green"]B.HOLD[/COLOR]	4176.00
15-JUL-2009	4236.90	[COLOR="Green"]BUY[/COLOR]	4105.00

(*) Exit Of 4868.00 Only Gets Triggered When NF Reaches 4897.00
While A Trader Is Free To Exit At Any Point Depending On His Risk Appetite






Happy & Safe Trading


SavantGarde

Good morning SAVANT SIR

& All Traderji Friends,

*WISHING YOU ALL HAPPY GANESH CHATURTHI*


Dear Friend,

As per SAVANT SIR NFTY FUTURE LVL projection

R 5 * 4624 break - up

With STRONG Volume

Hoping R 6* 4649 will break -up Shortly.

Thanks SAVANT SIR :clapping:

 

[spiritunit]

d) If Market Gaps Up Square Off 2 Lots At Gap Up...If Premium Is In The Range Of 23-30

e) Then Wait...For The Second Half Session...If It Looks Weak...Then Square Off 1 Lot Towards...The End...Or If It Looks Like Market Is Going To Close At Days High (Very Important)...Then Hold Both The Lots For Tuesday.

Happy & Safer Trading

SavantGarde

2 Lots exit @ 31.50 another 2 lots on hold for market movement. Thanks Savantji.

 

[SavantGarde]

Hi Spiritunit,

Great...Work So Far....HOLD The Balance 2 Lots For Tomorrow.....But Don't Be In A Hurry To Square Off Yet....OK

Happy & Safer Trading

SavantGarde

2 Lots exit @ 31.50 another 2 lots on hold for market movement. Thanks Savantji.

 

[Prabhan]

Prabhan,

4600 CE Is Not Discussed & Is Not Recommended, Stop Thinking In Terms Of Cheaper Premium Strike.....We Will Be In Expiry Week And May Have To Pickup 4500PE Perhaps Later During The Week If Needed.

4600CE Perhaps Come Into Play For September & We Shall See On Thursday

Happy & Safer Trading

SavantGarde

Sir,
Can I buy 4600PE, as lots of Open Interest are building up. This selection of mine is not on basis of low premium value. I need yuor advice before I invest.