Option Buy Recomendations

[ghosh_ak34]

Quote:
Originally Posted by gurprB2J
ghosh sir
on 22nd jan my paper trading is as :
buy put of [email protected] at 9.32(22-01-10)
buy call of [email protected] at 11.30 because nifty spot>20(5037-4980)
at 3.00pm i coverd putof 5300@276and call of [email protected]
total loss is approx. 50.45
a)whether my loss is as routine or i miss something

b)in days (like 22-01-10 ) when there is wide range/fluctuation should we adopt the same strategy or there is something different

c)today i buy put of 5200of feb series at 9.30am . is this ok ?




Respected Ghosh Sir
in continuation with above
sir yesterday ie. on 3-2-10 nifty has a wide grange and again i incurredd loss .so pls tell me either its routine or shoul we have some different strategy for wide day range ...
sir i m doing paper trading since20-12-09 and have excellent results and only three days with loss more than 10% .all r wide rang days . that i was asking u once agin regarding same question..i m sorry if it irritates u but i m a slowlearner so need some extra time to learn.sorry once again
2 i m not able to decide that whether we should cover position when ever there is a change of trend in the middle of day as:
a)some times our position is in profit , little as 4 to 5 percent

b)Or wait for 3pm with 20-30 percent SL
c)Or when we cover at the end of day we were equally profitable as during the change of trend
with regards
gurpreet singh

Dear Gurpreet,

Will trade as per trend check strategy posted in the 1st post of this thread. Will keep holding the position with SL=30% for a target for 40%.

If R1-S1 is less than 300 or more than 400 then, its a sideways strategy so its better not to trade. Trade only when the R1 -S1 is between 300 and 400.

If your Sl gets hit frequently when you are sideways or wider range market then switch to following strategy.

If you still want to trade then, please note trade as per daily Nifty Future strategy. i.e. buy or sell future as per trend check and hedge it by buying At money or near money put or call.

Regards

 

[ghosh_ak34]

Hi Ghoshji,

I'm unable to predict Tata steel direction, I dont know how to track this stock. As of now, Im just checking Dollar status & Nifty direction, but looks like there are some other factors, which Im missing, so could you plez help me in this regard..

Best wishes...

Sirisha

Dear Sirisha,

TATA STEEL is looking weak on charts. Look for RSI, ADX =14, W%14 or any indicator of your choice to find the trend of any stock or index.

Keep a tab on news related to the sector, both national and international.
Recently there is hike in steel prices.

Regards

 

[ghosh_ak34]

Dear Friends,

For Nifty Future traders who would like to trade as per trend check strategy posted in 1st post of the thread, Nifty levels for tomorrow are as under:

Resistence at 4790
Support at 4720

If you go short 1 lot then, buy 1 lot at money or near money call and if you go long 1 lot then, buy 1 lot at money or near money put to hedge. Reco. to trade as per trend check strategy posted in 1st post of this thread.

Regards

 

[Gkn]

whats R1 and S1 for next Week?

 

[ghosh_ak34]

whats R1 and S1 for next seek?

Dear Gkn,

For the week starting Mon. - Fri. R1= 4900 and S1 = 4700. Very narrow range, its below 300 (R1 - S1) so would reco. to trade as per daily Nifty Future buy / short strategy as per trend check strategy posted in 1st post of this thread.


Tomorrow we might see some bullish trend. Market overall is however still bearish.

Regards

 

[susobhan]

Sir
Weekly range, this week saturday included.

High-4949.15
Low-4692.35
Close-4757.25
Pp=4799.58
R1=4906.81
S1=4650.01

R1-S1=256.8

Regards
susobhan

 

[ghosh_ak34]

Dear Friends,

For Nifty Future traders who would like to trade as per trend check strategy posted in 1st post of the thread, Nifty levels for tomorrow are as under:

Resistence at 4850
Support at 4682

If you go short 1 lot then, buy 1 lot at money or near money call and if you go long 1 lot then, buy 1 lot at money or near money put to hedge. Reco. to trade as per trend check strategy posted in 1st post of this thread.

Regards

 

[Gkn]

Dear Mr Ghosh

As I could understand from the first post, the sideways strategy look very much similar. Except that in the case of sideways strategy, the prices are taken at 10:30-10:45 AM and 03:00-03:15PM only where as in normal strategy, Price check is done at 9.30-9.45, 11.30, and 03.30 (or at convenient intervals). However, in various posts earlier, when other members displayed thier daily results, even during side ways strategy, price is checked and positions entered at 10.30-10.45 and at 11.30 (12.30 earlier) also. Will you please clarify?
regards

 

[Gkn]

Dear Ghosh,

I have the following doubts also

1. In view of change in timings, whether we can check trend at 9.30-9.45, 11.30, 1.30 and 3.00 (2 Hrs interval) or only at 9.30-9.45 , 12.30 and 3.00 PM?

2. Whether the idea is to enter when there is 20 points up or down from the previous time check or this can be done only at the defenit time interval mentioned? For example, if 9.30-9.45, price is within 20 points from opening but at 10.00 it goes above 20 points. Whether as per strategy we can enter at 10.00 PM or we have to wait and check the position at next stage (12.30)

3. Yesterday exactly at 9.45 it was above 20 points (4760)and reversed immediately. at 10.30 again it was down beyond 20 points (4738). As per strategy we would have entered at 9.45 (4700 call at 140.00). Now whether we can enter again at 10.30 (4900 put at 217.00). If we check again at 12.30 nifty spot is 4685 more than 20 points down.(so we have to buy 4900 put at 258). But at 01.00 PM again nifty is higher beyond 20 points from 12.30 price. (4711) .Whether we can buy call again at 01.00?
Please kindly clarify.

 

[sujittalukder]

Dear Ghosh,
I have also certain queries.
1. Whether we need to enter into fresh trade only on Monday and that too at early morning. If we miss to enter on Monday, can we enter on any other day of the wek since the R1 and S1 is valid for the entire week.

2. What is the difference in the strategy if R1 - S1 is between 300 and 400 and if r1 - s1 is not between 300 and 400, as stated in your first post?

regards
Sujit Talukder