Option Buy Recomendations

[ghosh_ak34]

Mr. Ghosh one question,

when we say that the S1 and R1 remains same for entire week, then how come you are posting some different levels everyday.

I request you to explain something more on this.

Thanks,
Sohan ( http://intraday.weebly.com )

Dear Sohan,

Have answered it earlier as well. Look at my daily posts for resistence and support it clearly says .... "For Nifty Future traders who would like to trade as per trend check strategy posted in 1st post of the thread, Nifty levels ...."

Regards

 

[ghosh_ak34]

Dear Friends,

For the week starting Mon-Fri R1= 3000 and S1=2900. R1~S1 is outside (300,400] so trade as per sideways strategy or do not trade at all.

If the range is narrow i.e. R1-S1 <300 then its better for newbees to stay away from Market.

Regards

 

[stockBond]

I am holding 2900 Put at Rs.96.
Currently it's trading at Rs.68.
What should I do ? Should I wait for Nifty to come down to 2800-2850 or should I square-off ?

 

[ghosh_ak34]

I am holding 2900 Put at Rs.96.
Currently it's trading at Rs.68.
What should I do ? Should I wait for Nifty to come down to 2800-2850 or should I square-off ?

Dear StockBond,

Well I think you should have exited by now.Okay! Hedge your position by buying a near money call.

Keep an eye on budget.

Regards

 

[stockBond]

Dear StockBond,

Well I think you should have exited by now.Okay! Hedge your position by buying a near money call.

Keep an eye on budget.

Regards

nifty PUT is going up......I am holding 2900 PUT at 98 .........now trading at 113.........should I sell or wait some more time ?

 

[ghosh_ak34]

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 2900
Support at 2769

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]

nifty PUT is going up......I am holding 2900 PUT at 98 .........now trading at 113.........should I sell or wait some more time ?

Dear Stockbond,

You can hold the put with trailing SL=100.

Regards

 

[stockBond]

Dear Stockbond,

You can hold the put with trailing SL=100.

Regards

what do u mean by "trailing SL=100" ?

 

[ghosh_ak34]

what do u mean by "trailing SL=100" ?

Trailing SL means you trail your SL i.e. you keep increasing your SL when price moves up. Suppose put price moves to 150 then, your SL will move to 105(70%of 150) and so on. This way be try to make sure that we will exit from the position with some profit.

Regards

 

[LongTrader]

Trailing SL means you trail your SL i.e. you keep increasing your SL when price moves up. Suppose put price moves to 150 then, your SL will move to 105(70%of 150) and so on. This way be try to make sure that we will exit from the position with some profit.

Regards

Nice to have a thread like this ghosh_ak34. I have the following position. Please comment on it and advice me how to cover them in the coming days.
1. LONG IN NIFTY FEB FUTURES 3 LOTS AT 2850
2. HOLDING 3 LOT NIFTY PUT 2750 AT 40
PLEASE ADVICE ON MY POSITION