Option Buy Recomendations

[rahul1983]

Ghos Dada Great Work !

I have tested you strategy last week and it was 100 % correct ....

 

[vasanth_ece]

Hi Ghos,

I am new to this group.I studied your Strategy and i am not understood the following concept.


Trend is checked at 10:30 AM-10:45 AM with 20 pts up or down from Nifty openning price. Depending on this trend its recomended to buy Nifty call at S1
if (Opening price - price at 10:30 AM) >= 20pts. And its recomended to buy Nifty put at R1 if (Opening price - price at 10:30 AM) =< 20pts.

What we need to do here at 10.45 AM.We are comparing the price at 10.30 AM with the opening price.
Do we need to buy call/put options accordingly at 10.45 AM?

Please clarify.

Reg
Vasanth

 

[trillian]

Hi Ghos,

I am new to this group.I studied your Strategy and i am not understood the following concept.


Trend is checked at 10:30 AM-10:45 AM with 20 pts up or down from Nifty openning price. Depending on this trend its recomended to buy Nifty call at S1
if (Opening price - price at 10:30 AM) >= 20pts. And its recomended to buy Nifty put at R1 if (Opening price - price at 10:30 AM) =< 20pts.

What we need to do here at 10.45 AM.We are comparing the price at 10.30 AM with the opening price.
Do we need to buy call/put options accordingly at 10.45 AM?

Please clarify.

Reg
Vasanth

Hi vasanth,

welcome to the community.

Yes vasanth you are correct. you want to check the trend @ 10.45 from the nifty opening price. If the price @ 10.45 is (+20 or -20) take your position accordingly to the ghosh's strategy posted in first post here.

Regards

 

[vasanth_ece]

Hi Trillion,

Thanks for the reply.Here is the sum up,correct me if i am wrong:

Assume Nifty Opening today at 4475

At 10.30 it is 4496 (up 21 points)
At 10.45 its 4490 (up 16 points).

So does this mean i need to buy call at S1 (4200),irrespective it's <20 points at 10.45 AM.?

Reg
Vasanth

 

[trillian]

Hi Trillion,

Thanks for the reply.Here is the sum up,correct me if i am wrong:

Assume Nifty Opening today at 4475

At 10.30 it is 4496 (up 21 points)
At 10.45 its 4490 (up 16 points).

So does this mean i need to buy call at S1 (4200),irrespective it's <20 points at 10.45 AM.?

Reg
Vasanth

No wait for +20 confirmation, until that dont enter any trade . If you study all my questions you can well get an idea. Ghosh had explained well.

Note: Study the first post well with the example given by ghosh in that, you will get an better idea.

Regards

 

[trillian]

Dear ghosh,

Yesterday as per your strategy i entered 4400 PE @ 10.45 when the mkt was down around 70 points and @ 12. 30 mkt was up by 20 points. I have an doubt over this area. whether we want squareoff the position bought @ 10.45 and we want to buy 4200 CE @ Cmp @ 12.30 or to hold the position bought @ 10.30 and to buy 4200 CE with 4400 PE (which we are holding from 10.30) @ 12.30.

Please give me an suggestion.

Thanks.

 

[vasanth_ece]

Hi,
Whether we need to consider Market Open price for Nifty Futures (Derivative Segment)or Nifty in Cash Segment?.

Why i am asking is today Cash Nifty opens at :4444.70 and we cant assume this is the open price,since it down immediately to 4353.But if Nifty Futures is concerned it opens at 4360.

Please Advice.

Reg
Vasanth

 

[ghosh_ak34]

Dear ghosh,

Yesterday as per your strategy i entered 4400 PE @ 10.45 when the mkt was down around 70 points and @ 12. 30 mkt was up by 20 points. I have an doubt over this area. whether we want squareoff the position bought @ 10.45 and we want to buy 4200 CE @ Cmp @ 12.30 or to hold the position bought @ 10.30 and to buy 4200 CE with 4400 PE (which we are holding from 10.30) @ 12.30.

Please give me an suggestion.

Thanks.

Dear Trillian,

Till 12:30 PM either hold the previous 4400 put with trailing SL =10% of CMP or book profit and buy call at 4200 as trend is -ve by 20pts at 12:30 PM.

Regards

 

[ghosh_ak34]

Hi,
Whether we need to consider Market Open price for Nifty Futures (Derivative Segment)or Nifty in Cash Segment?.

Why i am asking is today Cash Nifty opens at :4444.70 and we cant assume this is the open price,since it down immediately to 4353.But if Nifty Futures is concerned it opens at 4360.

Please Advice.

Reg
Vasanth

Hi Vasanth,

We consider Nifty spot price and not Nifty futures price.

Regards

 

[shankarswami]

SBI: Up Trend

Hello,
I spot a Rounded top (dome) in the weekly chart of SBI.
Further, the daily chart candle stick forms a bullish harami on 04th and 5th of Sept.

Is this not an uptrend?
I calculate the uptrend expectation as follows:
right side lower of dome = 1340
dome top = 1516
depth = 1516-1340 = 176.

Expected uptrend = 1516 +176 = 1692

Seniors please verify.