Nifty trend

[rrmhatre72]

So you did not write 5300 PUT when told you at 5360 two days back? If you have not done it, it was a costly mistake on your part.

Hi ST,

I took that position. But would like to dicuss all options I proposed on same day when Nifty was @5360. This is just to get my concept clear on hedging.
my position is Oct NF short @5540
Currently Nifty is @5500

Option 1 was Buy Sept NF @5370
Today's status would be
SEPT NF gain = 130points
Oct NF gain = 40 points
total gain = 170points

Option 2 : Buy 5400CE @85
5400CE gain = 60points (Current price is @145)
Oct NF gain = 40 points
Total = 100points

Option 3 : Sell 5300CE @75
5300PE gain = 40points (Current price is @35)
Oct NF gain = 40 points
Total = 80points

Option 4 : Put stoploss of 50 points
Oct NF gain = 130 points ( considering SL hit @5410)

Your views pls.

-Rahul

 

[Neetu]

Yes Capricorn my position is at 5540. No typo here.
I have decided to trade based on ST's views in this month.
His graphs & analysis was showing 5550 as top (max +50points stretch) & downfall to 5100.
I was convinced with analysis & took position at 5540 as risk was of 60points & reward was of 440point.

I had opportunity to exit this week with ~170points but did not do that. As most of the time, I exit with small gains than the potential which is available.
Hence decided told this position for longer time.

can u claify what u want to say sorry for my no knowledge????

 

[rrmhatre72]

can u claify what u want to say sorry for my no knowledge????

Hi Neetu,

I think you have joined recently. I was talking about some analysis from ST which was posted in Aug. I used that ref to take my short position in NF@5540 as I found it matching to my views about the market. I took position on 23rd Aug. & I am holding this position still. This week market moved down to 5360 but I have not suared off position & still holding same.

 

[Capricorn]

Nifty is in +ve territory above 5440.

S @ 5440, 5470-90 congestion, 5510, beyond that 5545.

Top end of the congestion zone holding so far. Index +ve above 5440. Looking for long trade above 5515...

 

[Neetu]

Hi Neetu,

I think you have joined recently. I was talking about some analysis from ST which was posted in Aug. I used that ref to take my short position in NF@5540 as I found it matching to my views about the market. I took position on 23rd Aug. & I am holding this position still. This week market moved down to 5360 but I have not suared off position & still holding same.

why??? simply when u are in profit dont let it go in loss again My dad use to say to everyone mostly

 

[simple_trader]

Hi ST,

I took that position. But would like to dicuss all options I proposed on same day when Nifty was @5360. This is just to get my concept clear on hedging.
my position is Oct NF short @5540
Currently Nifty is @5500

Option 1 was Buy Sept NF @5370
Today's status would be
SEPT NF gain = 130points
Oct NF gain = 40 points
total gain = 170points

Option 2 : Buy 5400CE @85
5400CE gain = 60points (Current price is @145)
Oct NF gain = 40 points
Total = 100points

Option 3 : Sell 5300CE @75
5300PE gain = 40points (Current price is @35)
Oct NF gain = 40 points
Total = 80points

Option 4 : Put stoploss of 50 points
Oct NF gain = 130 points ( considering SL hit @5410)

Your views pls.

-Rahul

First of all, we should not trade with other's view i feel. You have calculated one side of the story. The same way calculate if market would have fallen to 5200 now instead of rising to 5500. Then you can easily make out which is better. Had you written 5300 PUT then, then your profit would have been marked till 5220. Also you would have been safe till 5620.

 

[rrmhatre72]

why??? simply when u are in profit dont let it go in loss again My dad use to say to everyone mostly

Yes Neetu,

Everyone here is to make profit. hence i am holding position with SL of 5521.(profit of 19points only)
Most of the time I run away when ever I see profit. But normally loose from longer term advantages which are much higher. As indicated earlier, target for this trade is 5100. Hence did not squared it off at 5360.
Let us see further if my SL gets hit today or market takes reverse gear from here.

 

[hk425]

Guys,
I am new to stocks and analysis. I only track Nifty trend and working on different methods for analyse Nifty.

In my view Nifty will see 5350 in 3 trading days. Lets see if I am correct.

 

[rrmhatre72]

Hi ST,

I took that position. But would like to dicuss all options I proposed on same day when Nifty was @5360. This is just to get my concept clear on hedging.
my position is Oct NF short @5540
Currently Nifty is @5500

Option 1 was Buy Sept NF @5370
Today's status would be
SEPT NF gain = 130points
Oct NF gain = 40 points
total gain = 170points

Option 2 : Buy 5400CE @85
5400CE gain = 60points (Current price is @145)
Oct NF gain = 40 points
Total = 100points

Option 3 : Sell 5300CE @75
5300PE gain = 40points (Current price is @35)
Oct NF gain = 40 points
Total = 80points

Option 4 : Put stoploss of 50 points
Oct NF gain = 130 points ( considering SL hit @5410)

Your views pls.

-Rahul

Hi ST,

I agree with you that everyone should have their own views. Basically I am know very less on TA. But trying to learn it. I read all beariesh, Bullish, nuetral views from various members. I craete my own views based on various theories I read & based on risk reward ratio, I initiate trade.
But as everyone says market is king & chnage its colour every moment... I seek advice from experts like you. This really gives value add to my experience in trading.
Thanks a lot for your detail analysis which you regularly post.

Anyway Calculations with other side for your comments.

Let us assume Currently Nifty is @5100 (i.e target is hit )

Option 1 was Buy Sept NF @5370
Today's status would be
SEPT NF loss = 270points
Oct NF gain = 440 points
total gain = 170points

Option 2 : Buy 5400CE @85
5400CE loss = 85 points
Oct NF gain = 440 points
Total = 355points

Option 3 : Sell 5300CE @75
5300PE loss = 125points
Oct NF gain = 440 points
Total = 315points

Option 4 : Put stoploss of 50 points
Oct NF gain = 130 points ( considering SL hit @5410)

 

[saivenkat]

Top end of the congestion zone holding so far. Index +ve above 5440. Looking for long trade above 5515...

I just took an experimental trade with Woodies CCI ' Horizonatal trend line break". Short at 5484.85.SL of 5511.65 .

The pattern is becoming -ve, slowly.. wait and see.