Option Buy Recomendations

[jace48]

Dear Jace48,

My cals says R1~ S1 < 300 so, would not trade. Have not included Monday's data into my cals as there was not much movement either ways.

Ghosh_ak34,

Monday's high was week's high and so is Wednesdays low.
Even if I take Friday's high as week's high the calculation comes to

Weeks High = 4110
Weeks Low = 3790
Weeks Close = 4092
2P = 2 * (4110+3790+4092)/3 = 7994.66
R1 = 2P - L = 4204
S1 = 2P - H = 3884

R1 ~ S1 = 320 >300.

Since Friday's high is almost equal to Monday's high

PS: You can use below mentioned one liner using Quick formula indicator to get above result using Weekly resolution

drawtext($Lastbar+5, PFAddBox($HighBar[$LastBar], 1)+50,SetDez($HighBar[$Lastbar]))

Substitute below mentioned code for low and close

For low SetDez($LowBar[$Lastbar])
For Close SetDez($LowBar[$Lastbar])

You might need to disable enable Quick formula to get the result

 

[ghosh_ak34]

Ghosh_ak34,

Monday's high was week's high and so is Wednesdays low.
Even if I take Friday's high as week's high the calculation comes to

Weeks High = 4110
Weeks Low = 3790
Weeks Close = 4092
2P = 2 * (4110+3790+4092)/3 = 7994.66
R1 = 2P - L = 4204
S1 = 2P - H = 3884

R1 ~ S1 = 320 >300.

Since Friday's high is almost equal to Monday's high

PS: You can use below mentioned one liner using Quick formula indicator to get above result using Weekly resolution

drawtext($Lastbar+5, PFAddBox($HighBar[$LastBar], 1)+50,SetDez($HighBar[$Lastbar]))

Substitute below mentioned code for low and close

For low SetDez($LowBar[$Lastbar])
For Close SetDez($LowBar[$Lastbar])

You might need to disable enable Quick formula to get the result

Dear Jace48,

Yes you are correct. Fibo was giving wrong figures. icharts also shows the correct ones. Thanks Jace48. So, R1~S1 >300. But still I will not recommend a trade next week. Atleast before 22nd because of an obvious reasons.

Need to have a trend in place before we can take a call.

Regards

 

[rohangawale]

Dear Rohanawale,

Is it Nifty put or call. Anyways try to exit on Monday, normally its not recommended to have positions before a big event like this.

Regards

sir its nifty put of 31 july.

 

[AW10]

ghosh sir,
on friday i purchased 3700 nifty 31st july put , 1000@ 49.9.

what will be the scenario on monday and tuesday.
it will be better to sell it on monday only na?
pls guide

This 3700 PUT option is far out of the money now (almost by 380 points). It will be loosing money every day as it approaches towards expiry date. Even if market goes south from here, this option may not gain as much value as it will loose due to time decay.

If I were you, I would cut my loss and get out of it. In order for this option to be profitable, NIFTY has to reach 3650 level (=3700-49) by 31-July.

Happy Trading

 

[jace48]

Dear ghosh_ak34,

With D-Day converted to V-Day what are you recommendation now?

 

[sumeetsj]

This is my first post here. Please correct me if i am worng.

Buy
ICICI 700 CA and 640 PA as ICICI results expected.

 

[praveen taneja]

this is my first post here. Please correct me if i am worng.

Buy
icici 700 ca and 640 pa as icici results expected.

k but wat should b the strategy to exit the strangle?????

 

[ghosh_ak34]

Dear ghosh_ak34,

With D-Day converted to V-Day what are you recommendation now?

Dear Jace48,

I hope you have enjoyed the party. Strategy for next week - buy Nifty calls at 4000/4100 and Nifty puts at 4500/4600 atleast. It seems market will remain sideways.
If Nifty opens with gap up and remain above 20pts till 10:30AM - 10:45 AM buy calls at S1 with SL 20-30% from your buy price. Book profit if your target is achieved or buy puts at R1 around 3:00 PM-3:15 PM and hold call with a trailing SL of say 10%.

If Nifty opens with gap down and remain below 20pts till 10:30AM - 10:45 AM buy puts at R1 with SL 20-30% from your buy price. Book profit if your target is achieved or buy calls at R1 around 3:00 PM-3:15 PM and and hold put with a trailing SL of say 10%.

Vary calls and puts nos. according to the trend.

Regards

 

[balramsingh76]

Hi ,

U r doing well , keep continue ,
Regads,
balram

 

[jace48]

Dear Jace48,

I hope you have enjoyed the party.

Nopes . I was unable to short left