Option Buy Recomendations

[GRORICH]

Dear Ghosh Sir,

As per my calculation R1~S1=320.

As per the data from
Nifty High = 4216
Nifty Low = 3896
Nifty Closing = 4049

So P = (4216+3896+4049)/3 = 4053

S1 = 2*4053-4216 = 3891
R1 = 2*4053-3896 = 4211

So R1~s1 = 4211-3891 = 320

Please tell me if I am wrong.

Regards,
Priyank

Dear Mr Priyank ,
I downloaded Bhavcopy data from the following NSE website :
http://www.nseindia.com/content/fo/fo_contractsdata.htm
As per above data High of Nifty for last week comes 4192 on 11 Jul 2008.
But your High for Nifty during last week comes 4216 . Could you please tell me from where do you get this figure and what is the method of extracting the above data .
Thanking you in advance.
Grorich

 

[ghosh_ak34]

sir i hav two calls of RIL 2250@ 35/ n two calls of nifty 4400 @ 40/ can somebody tell me wat to do book loss or average it

Dear Praveen,

Reco an exit from RIL and Nifty calls. Do not average in options. Better exit and look for another trade.

Regards

 

[ghosh_ak34]

Dear Mr Priyank ,
I downloaded Bhavcopy data from the following NSE website :
http://www.nseindia.com/content/fo/fo_contractsdata.htm
As per above data High of Nifty for last week comes 4192 on 11 Jul 2008.
But your High for Nifty during last week comes 4216 . Could you please tell me from where do you get this figure and what is the method of extracting the above data .
Thanking you in advance.
Grorich

Dear Gorich.

I use Nifty spot to calculate the R1/S1. Use icharts.in/charts.html for spot Nifty calculations.

Regards

 

[akpinku]

Ghosh Da, Which is best and lowest brokarage house for option trading, my indiabulls charging 2.5% or 100 min. is any other oprtion available

 

[nitu20]

Dear Gorich.

I use Nifty spot to calculate the R1/S1. Use icharts.in/charts.html for spot Nifty calculations.

Regards

Dear Ghosh Sir,

I have taken 3900 call at Rs. 259 and 4300 Put at Rs. 335. But I am still not able to understand exit strategy. When should I decide to exit a loss making call. Should i put some stop loss for both the call and put just after buying. If so how much % should it be. Please suggest and make your strategy more clear to us by giving some examples.

regards,
Priyank

 

[ghosh_ak34]

Ghosh Da, Which is best and lowest brokarage house for option trading, my indiabulls charging 2.5% or 100 min. is any other oprtion available

Dear Akpinku,

In some brokerage house, brokerage depends on turnover per month, if your monthly turn over is more, say few crores, you may get better deal. Then even Indiabulls could provide you 0.2% brokerage if you negotiate.

Regards

 

[GRORICH]

Dear Gorich.

I use Nifty spot to calculate the R1/S1. Use icharts.in/charts.html for spot Nifty calculations.

Regards

Dear Ghosh_ak34 sir,
You are very prompt in replying to my queries. Thank you very much.
Grorich

 

[ghosh_ak34]

Dear Akpinku,

Did some enquiry about brokerage and found that sharekhan offers a better deal than Indiabulls. They offer 0.25% for trading and 2.5% long term. STT and ST extra.

Motilal Oswal also offers a good deal 0.30% for trading and 3% for long term.

Hope this helps!

Regards

 

[ghosh_ak34]

Dear Friends,

Nifty seems range bound 3900/4000 - 4100/4200. Buy calls at 3900/4000 and puts at 4100/4200.

Regards

 

[praveen taneja]

wow nice strategy but wat if mkt move opposite way