NIFTY Options Trading by RAJ

[Option.Trader]

NIFTY Futures now at 5396. Book 50% with 50 points profit from 5446. Hold the Rest with Stoploss as 5446.

Playing with futures is a real pain. Went short at 5420 and came out at 5396 and within a minute it shot up to 5420 and 5440. Some dumb luck I'm riding on

 

[Option.Trader]

Will Add puts if market goes below 5480 and will add Call if market goes above 5520.

What's the end goal. Are you trying to create a hedge position and then leg up to catch a break out?

 

[healthraj]

NIFTY Futures now at 5396. Book 50% with 50 points profit from 5446. Hold the Rest with Stoploss as 5446.

Market is not interested for more downside because of the positive sentiment. So close your shorts now 5411. Those who want to take risk can carry only 25% At cost.

 

[healthraj]

What's the end goal. Are you trying to create a hedge position and then leg up to catch a break out?

No I am playing for Just 250 points.

 

[healthraj]

Playing with futures is a real pain. Went short at 5420 and came out at 5396 and within a minute it shot up to 5420 and 5440. Some dumb luck I'm riding on

Yes. That is the reason Why I am playing with Options. With High VOLT Options should be the choice.

 

[sabhlok_r]

No I am playing for Just 250 points.

Raj, Few posts back you mentioned about positional v/s intraday option trading. Obviously these 250 points we can't expect happening intraday on a regular basis. What time span should one keep in mind while trading for such targets. And what should be the sl in such cases?

 

[gurjant]

Market is not interested for more downside because of the positive sentiment. So close your shorts now 5411. Those who want to take risk can carry only 25% At cost.

I am on no profit no loss now... 5600pe is on 80 Nd m waiting for 85-95 range... Letz see

 

[DanPickUp]

Market is not interested for more downside because of the positive sentiment. So close your shorts now 5411. Those who want to take risk can carry only 25% At cost.

That statement counts for today, doesn't it? Overal trend down is still in good conditions and Fib retracement is only around 50%. Just some little TA to your OI. Market will show the rest to us, what ever it is.

Take care / DanPickUp

 

[healthraj]

I am on no profit no loss now... 5600pe is on 80 Nd m waiting for 85-95 range... Letz see

Hope you are hedging your positions now

 

[whisky]

That statement counts for today, doesn't it? Overal trend down is still in good conditions and Fib retracement is only around 50%. Just some little TA to your OI. Market will show the rest to us, what ever it is.

Take care / DanPickUp

Absolutely well said Dan, Day trading statements counts for that day only, as next day many things can get changed. For day traders every day is a new day full of excitement, so positional trading should be avoided by the day traders.