NIFTY Options Trading by RAJ

[BabaMagic]

Sold 6200 PE at 129.30

 

[prabhsingh]

Evening OT,

Would be able to answer this with proper illustration on Monday.

Many thanks!

Baba,

Waiting for your example mate.

 

[BabaMagic]

Evening All,

Based on my back testing results, Whenever Nifty Spot sustains a breakout/breakdown level but fails to meet even the first target(i.e. 0.325%) on that particular day... it will meet both the targets in the opening hour of the next trading session.

Taking Fridays scenario, lower breakout of 6136.50 was sustained but failed to met the first target of 6116.50(6136.50 - *0.325%) on Friday but today the full target of 6093.50(6136.40 -*0.70%) was achieved in the first 10 minutes of opening trade.

FYI, these situations have occurred 4 times in the last 6 months & on all occasions the targets has been achieved in the first 60 mins. next day. The important thing to note here is they have occurred one day before any crucial macro economic data, the last being ahead of the US fed policy on September 18.

This was the only reason I carried my PUTs & it gave the same positive results today as well.

My trade summary :- Bought 6200 PE 6 lots @ 111.50 on Friday. Sold at 129.30 today at 09:17.

Cheers!

 

[Relish]

Evening All,

Based on my back testing results, Whenever Nifty Spot sustains a breakout/breakdown level but fails to meet even the first target(i.e. 0.325%) on that particular day... it will meet both the targets in the opening hour of the next trading session.

Taking Fridays scenario, lower breakout of 6136.50 was sustained but failed to met the first target of 6116.50(6136.50 - *0.325%) on Friday but today the full target of 6093.50(6136.40 -*0.70%) was achieved in the first 10 minutes of opening trade.

FYI, these situations have occurred 4 times in the last 6 months & on all occasions the targets has been achieved in the first 60 mins. next day. The important thing to note here is they have occurred one day before any crucial macro economic data, the last being ahead of the US fed policy on September 18.

This was the only reason I carried my PUTs & it gave the same positive results today as well.

My trade summary :- Bought 6200 PE 6 lots @ 111.50 on Friday. Sold at 129.30 today at 09:17.

Cheers!

So we always use spot prices not future prices for breakout since today when I put spot prices it gives already breakout so choose new script. Am i taking correct ; spot prices not future prices or other way?

 

[BabaMagic]

Evening there,

Yes. It is always spot prices.

Secondly u may refer to post #2492 on how to get the breakout/breakdown levels manually.

Thanks!

 

[Option.Trader]

Evening All,

Based on my back testing results, Whenever Nifty Spot sustains a breakout/breakdown level but fails to meet even the first target(i.e. 0.325%) on that particular day... it will meet both the targets in the opening hour of the next trading session.

Taking Fridays scenario, lower breakout of 6136.50 was sustained but failed to met the first target of 6116.50(6136.50 - *0.325%) on Friday but today the full target of 6093.50(6136.40 -*0.70%) was achieved in the first 10 minutes of opening trade.

FYI, these situations have occurred 4 times in the last 6 months & on all occasions the targets has been achieved in the first 60 mins. next day. The important thing to note here is they have occurred one day before any crucial macro economic data, the last being ahead of the US fed policy on September 18.

This was the only reason I carried my PUTs & it gave the same positive results today as well.

My trade summary :- Bought 6200 PE 6 lots @ 111.50 on Friday. Sold at 129.30 today at 09:17.

Cheers!

C'Mon, you need to set the rules of trade before, not keep it like a saas bahu serial with all twist and turn as you follow the plot. How many such outliers still exist?

 

[Option.Trader]

So we always use spot prices not future prices for breakout since today when I put spot prices it gives already breakout so choose new script. Am i taking correct ; spot prices not future prices or other way?

Today there was no breakout either way as per the formula

 

[Relish]

So today's level are as per breakout I consider yesterday's HIGH and LOW; Todays high and low of 9:15 and 9:45 so levels are

Buy At 6115.96. Target = 6135.83. Stoploss = 6067.02736
Sell At 6073.05. Target = 6053.31. Stoploss = 6121.62936

Please confirm before any trade.

 

[TraderRavi]

So today's level are as per breakout I consider yesterday's HIGH and LOW; Todays high and low of 9:15 and 9:45 so levels are

Buy At 6115.96. Target = 6135.83. Stoploss = 6067.02736
Sell At 6073.05. Target = 6053.31. Stoploss = 6121.62936

Please confirm before any trade.

target 20, SL 50

 

[labalaba72]

sir

please somebody provide the material to understand the nifty optionchain

thnks