Option Buy Recomendations

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Hi Ghosh Sir,

I have exited Niftybees at 286.
Kindly guide.When can i enter again.

Kindly also guide for Rel Infra, at what price can i enter again.

Awaiting your response,

Thanks & regards,
Optionstrader
 

ghosh_ak34

Well-Known Member
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 2870
Support at 2780

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.

Nifty seems bearish again.

Regards
 
Hi Ghosh Sir,

Thanks for the info on Rel Infra & Niftybees.

Kindly also guide weather i shall keep a stop loss for them ?
If yes, them please guide for the Stop Loss for both.

Awaiting your response,

Thanks & Regards,
Optionstrader
 
Dear All,

I am new to options trading, though I know the basics of the same. I am unable to understand why would I need Stop Loss if a buy a put option. The maximum loss that I would incur is the premium payment. So how would SL reduce the losses that I will incur? Please explain as I am confused.
Regards,
 

ghosh_ak34

Well-Known Member
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 Monday are as under:

Resistence at 2930
Support at 2800

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
 

ghosh_ak34

Well-Known Member
Dear Friends,

For the week starting Mon-Fri., R1=2900 and S1=2800, R1~S1 is ouside [300,400) so trade as per sideways strategy or do not trade at all. Nifty is expected to be choppy next week. Nifty might move for 2-3 days max. and then, might fall. So, trade accodingly. Keep booking profits at regular intervals.

Regards
 
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