Nifty Intraday Pivot Points
- Thread starter SavantGarde
- Start date
- Status
Let me try. This is a tough one 
There are a few scenarios that are possible on Monday.
- We gap up and consolidate in the range of 4705-4750. In this case, you might not get a good chance to sell the put. You might want to hold onto it for Tuesday.
- We gap up, take out 4750 in the next hour and consolidate above 4750. It is better to sell the put at whatever rate you get, especially since it is a 4500PE.
- We gap up, hit 4730-4750 and tumble down to 4650, consolidate there and come back up to close above 4700. In such a scenario, you would get a much better price to sell the put.
- We hit 4700 right at start and tumble down to 4630 and then consolidate. This is the best possible scenario for you to square off the put.
I think some of today's US market action is already factored in today's Nifty's action. I might be wrong but I think we would see a bit of drop to around 4650 - if not to scare the longs a bit and also to give enough chance for 4700 call writers to square off their positions.
I would wait for Asian markets to open and also our opening and next one hour before squaring off. Again, it is too early in the series - so some patience might give you a better sell rate for the PE.
I deliberately avoided giving any further hedging strategy since it is not possible for you to track the markets throughout the day. Just like the day when US markets fell 2% and we did not fall, I will not just believe that we are running away on Monday - although I would love to proven wrong on this one.
Mr S.,
Over to you ..
Regards,
Enygma.
There are a few scenarios that are possible on Monday.
- We gap up and consolidate in the range of 4705-4750. In this case, you might not get a good chance to sell the put. You might want to hold onto it for Tuesday.
- We gap up, take out 4750 in the next hour and consolidate above 4750. It is better to sell the put at whatever rate you get, especially since it is a 4500PE.
- We gap up, hit 4730-4750 and tumble down to 4650, consolidate there and come back up to close above 4700. In such a scenario, you would get a much better price to sell the put.
- We hit 4700 right at start and tumble down to 4630 and then consolidate. This is the best possible scenario for you to square off the put.
I think some of today's US market action is already factored in today's Nifty's action. I might be wrong but I think we would see a bit of drop to around 4650 - if not to scare the longs a bit and also to give enough chance for 4700 call writers to square off their positions.
I would wait for Asian markets to open and also our opening and next one hour before squaring off. Again, it is too early in the series - so some patience might give you a better sell rate for the PE.
I deliberately avoided giving any further hedging strategy since it is not possible for you to track the markets throughout the day. Just like the day when US markets fell 2% and we did not fall, I will not just believe that we are running away on Monday - although I would love to proven wrong on this one.
Mr S.,
Over to you ..
Regards,
Enygma.
- Status
| Thread starter | Similar threads | Forum | Replies | Date |
|---|---|---|---|---|
|
Needed 1 min Intraday Index (Nifty & Banknifty) Option data | Intraday | 4 | |
| D | Tick by tick chart for nifty/banknifty intraday | Software | 8 | |
| T | Nifty Intraday Price Action | Day Trading | 11 | |
| R | Exit strategies for Intraday option selling in Nifty | Options | 2 | |
| C | Nifty Intraday Floor Pivots | Technical Analysis | 45 |
Similar threads
-
Needed 1 min Intraday Index (Nifty & Banknifty) Option data
- Started by letsgrownow
- Replies: 4
-
-
-
-
C