NIFTY Options Trading by RAJ

[Relish]

target 20, SL 50

This strategy given by BABAMAGIC. I only posted level since yesterday there is no trade and today it gave trade level. You can check his post http://www.traderji.com/trading-diary/88670-nifty-options-trading-raj-252.html#post888285

For breakout or breakdown price must sustain for 10 mints below level which i understand.

 

[Purushotham]

Baba Mazic Please correct me if I am wrong

1. 6141.65 6067.75 (11th Nov)
2. 6108.7 6084.35 (12th nov 9.15 to 9.30)
3. 6141.65-6067.75 = 73.9
4. MF1 73.9 * 0.45 = 33.255 MF2 73.9 * 0.75 55.425
5. 6108.7-6084.35 = 24.35
Range is below MF1
Breakout level is
UP = Today low + MF1 = 6084.35+33.255=6117.6 Target 6137 (6117.6*0.325%)
Down = Today high - MF2 = 6108.7-55.425=6053.275 Target 6033 (6053.275*0.325)

 

[raj_hpking]

Hi,

I have below doubt,

As per the attached image, if nifty is presently trading at 6062/- and i have bought NIFTY option call with strike price 6100/- by paying premium 108.75 per share.
Now my doubt is if NIFTY CE is trading at 6080/- but that time premium is 115 per share then if i sell NIFTY call will i get money as NIFTY is still not crossed my strike price?

My understanding is,
1) if NIFTY is at 6100 + 108.75 i.e. 6208.75/- then i will not get anything.
2) if NIFTY is below 6208.75 till option expiry date i will loose all my premium.
3) if NIFTY is above 6208.75 say at 6300/- then i will get 6300-6208.75 = 91.25 per share. If lot is having 50 shares then i will get 50*91.25 = 4562.5/-.

Please let me know if i am wrong at any understanding. And please clear my doubt also.

 

[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.

Prices stay below 6073.05 for 10 mint so we can sell future or buy 6100PE

 

[Option.Trader]

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.

Baba Mazic Please correct me if I am wrong

1. 6141.65 6067.75 (11th Nov)
2. 6108.7 6084.35 (12th nov 9.15 to 9.30)
3. 6141.65-6067.75 = 73.9
4. MF1 73.9 * 0.45 = 33.255 MF2 73.9 * 0.75 55.425
5. 6108.7-6084.35 = 24.35
Range is below MF1
Breakout level is
UP = Today low + MF1 = 6084.35+33.255=6117.6 Target 6137 (6117.6*0.325%)
Down = Today high - MF2 = 6108.7-55.425=6053.275 Target 6033 (6053.275*0.325)

The upper breakout levels - 6142 ,t1-6160
Lower breakout level - 6051, t1-6033

 

[Option.Trader]

The upper breakout levels - 6142 ,t1-6160
Lower breakout level - 6051, t1-6033

No breakout yet

 

[Purushotham]

The upper breakout levels - 6142 ,t1-6160
Lower breakout level - 6051, t1-6033

Please let me know where I got worng

 

[Relish]

The upper breakout levels - 6142 ,t1-6160
Lower breakout level - 6051, t1-6033

I put yesterday HIGH 6110.4 Low 6067.75 and today between 9:15 and 9:45 High 6108.7 and low 6084.7 and below price by target 0.325 and sl 0.8

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

Where is i am wrong tell me? Thank's

 

[Purushotham]

I put yesterday HIGH 6110.4 Low 6067.75 and today between 9:15 and 9:45 High 6108.7 and low 6084.7 and below price by target 0.325 and sl 0.8

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

Where is i am wrong tell me? Thank's

As per NSE Tame
Y'day High Low are 6141.65 6067.75

 

[BabaMagic]

Dear Purushotham & Relish,

just a small correction here

1. 6141.65 6067.75 (11th Nov)
2. 6108.7 6084.35 (12th nov 9.15 to 9.30)
3. 6141.65-6067.75 = 73.9
4. MF1 73.9 * 0.45 = 33.255 MF2 73.9 * 0.75 55.425
5. 6108.7-6084.35 = 24.35
Range is below MF1
Breakout level is
UP = Today low + MF1 = 6084.35+33.255=6117.6 Target 6137 (6117.6*0.325%)
Down = Today high - MF1 = 6108.7-33.25=6075.45 Target 6055.70.(6075.45-*0.325%)

Update:
Lower breakout of 6075.45 was sustained from 11:23 to 11:33.
Target 1: 6055.70 achieved at 11:38.

Thanks!