Option Buy Recomendations

[nitu20]

Dear Ghosh sir,
How can I get weekly nifty high, lows open and close. Is there any website where I can get all these data. Please suggest.

 

[ghosh_ak34]

Dear Ghosh sir,
How can I get weekly nifty high, lows open and close. Is there any website where I can get all these data. Please suggest.

Dear Nitu20,

You can go to icharts.in/charts.html, choose candle option and can find the weeks high, low and close by looking at the graph. By placing mouse pointer on the highest candle for the past week you can see the Weeks High, and same way by looking at the lowest candle for the past week you can find the weeks low and by looking at the last candle(Friday) of the week you can find the weeks close. Monday's open as Weeks open.

You can also go to nseindia -> F&O->historical data for Nifty and can download the past weeks data, apply max and min to find high and low for the week and take the last one to get the weeks close (Friday's close = Weeks close) and likewise Monday's open as weeks open.

Hope this helps.
Regards

 

[AW10]

Dear Ghosh sir,
How can I get weekly nifty high, lows open and close. Is there any website where I can get all these data. Please suggest.

In addition to 2 options given by Ghosh sir, you can also try this one
1) Goto ***** finance section,
2) open nifty chart
3) on left panel - you have the option of Quote/ summary/ components/options/ historic price. Select Historic price
4) on the next form, supply the start and end date.. and also select the Weekly radio Button. From here you can download daily/weekly/monthly data in excel compatible format directly.

Hope that helps.

 

[akpinku]

Hi Ghosh da
I have nifty 4500 july call @ 82 , what should i do as market condition is not looking favourable.Please reply

 

[sumantajeet]

Hi,
Buying naked CALLs at the current situation is highly risky. And one other thing, please stay away from options at least for 4-5 beginning trading days of a new series. Depreciation is 2x of appreciation in this period.

 

[ghosh_ak34]

Hi Ghosh da
I have nifty 4500 july call @ 82 , what should i do as market condition is not looking favourable.Please reply

Hi akpinku,

Exit call or hedge your call by buying 4200 / 4300 puts. Ratio 1 call to 2 puts atleast. Do not buy naked calls/puts. Hedge it. Market is currently very volatile.

Regards

 

[nitu20]

Dear Ghosh Sir,
Thanks for the information. Can you please tell us the strategy for this week as R1-S1 < 300 for this week and its the 1st week for July series. We should trade or not.

 

[ghosh_ak34]

Dear ghosh sir,
Can u tell how to how to find nifty levels for hedging ... like today nifty spot closed at 4136 ... is it sensible to buy nifty-4300-ce for Rs 90 (means 4390 level we are expecting on the high)
and to hedge my position I'm confused whether I should buy
1. nifty-4100-pe @ 196 (4100 - 196 = 3904 )
2. nifty-4200-pe @ 248 (4200 - 248 = 3952 )
OR straight away nifty-4600-pe @ 547 ( 4600 - 547 = 4053) ...

I'm new to hedging and trying to understand how to find best levels.........
Or if I am wrong can u tell me other way to find the levels ....... btw I dont understand delta, vega etc in options...

Dear Anupamluv,

As mentioned in my earlier threads-28, calculate R1 and S1 based on weeks high,low,open and close. Buy calls at S1 and puts at R1 as per strategy mentioned earlier. When Nifty is bearish buy more no. of puts and lesser no. of calls. Keep ratio 2 puts:1 call when bearish and 2calls:1 put when bullish. If sideways ,watch and vary nos. as per trend or just do not trade. Sometimes its wise not to trade.

If you do not understand delta, vega etc do not worry. Lets keep things simple.

Regards

 

[ghosh_ak34]

Oh that so simple, Im sorry ghosh sir, I havent gone through page 28 of this thread.... for those who're new to it should go through the link http://www.traderji.com/options/16794-option-buy-recomendations-28.html

But ghosh sir, We all know tht technicals doest work for every day... what's for ur suggestion for a new option trader in a heavily volatile market.... should they avoid itat all or enter it by means of "naked trading" and look for hedging at some point (if not come out as winner).........

Bye

Dear Anupamluv,

New traders should 1st paper trade for atleast three months before taking a real trade. If you wanna start trade then, start with small amount for three months. Its recomended not to trade with naked options. If you want to trade with naked calls put a strict SL.

Hope this helps.

Regards

 

[learn2trade08]

Sir,
thank you for the informative thread.I have a query,what happens if i buy one lot of nifty in the morning and sell in the evening for profit/loss,am i liable to providing delivery of underlng security at the end of the month.
thank you

Dear Anupamluv,

New traders should 1st paper trade for atleast three months before taking a real trade. If you wanna start trade then, start with small amount for three months. Its recomended not to trade with naked options. If you want to trade with naked calls put a strict SL.

Hope this helps.

Regards