Option Buy Recomendations

[kvsree]

Dear Friends,

Tomorrow we might see gap down opening. It seems Nifty might dip further to 50-70 pts atleast before a technical bounce back. So, be careful, trade with caution. Hedge your positions accodingly.

Regards

Tomorrow is market holiday. 26 Jan 2010

 

[gurprB2J]

ghosh sir
on 22nd jan my paper trading is as :
buy put of [email protected] at 9.32(22-01-10)
buy call of [email protected] at 11.30 because nifty spot>20(5037-4980)
at 3.00pm i coverd putof 5300@276and call of [email protected]
total loss is approx. 50.45
a)whether my loss is as routine or i miss something

b)in days (like 22-01-10 ) when there is wide range/fluctuation should we adopt the same strategy or there is something different

c)today i buy put of 5200of feb series at 9.30am . is this ok ?

 

[ghosh_ak34]

Tomorrow is market holiday. 26 Jan 2010

I think you forgot to see the post date before commenting.

Regards

 

[ghosh_ak34]

ghosh sir
on 22nd jan my paper trading is as :
buy put of [email protected] at 9.32(22-01-10)
buy call of [email protected] at 11.30 because nifty spot>20(5037-4980)
at 3.00pm i coverd putof 5300@276and call of [email protected]
total loss is approx. 50.45
a)whether my loss is as routine or i miss something

b)in days (like 22-01-10 ) when there is wide range/fluctuation should we adopt the same strategy or there is something different

c)today i buy put of 5200of feb series at 9.30am . is this ok ?

Dear gurprB2J,

As per strategy R1 - S1 >300 and =<400 is the normal strategy and when you was doing paper trading R1 and S1 was out side it so, its reco. to trade with caution. Moreover, one days trading could not judge the system, so would reco. to do paper trade for atleast 3 months in a row and record your trades for analysis. I don't have Nifty chart of 22nd Jan so couldn't comment on your trade. If you have any query like this then, would request you to post the Nifty chart for the day along with the query to help me answer it.


As per strategy R1 = 5200 and S1= 4900 for the week and Nifty opened gap down but wasn't 20pts below its opening point so your 5200 put Feb. buy is not okay.

Regards

 

[fabrics]

I think you forgot to see the post date before commenting.

Regards

sir
wht is R1 & SI FOR WEEK 25/1/ 10

 

[ghosh_ak34]

sir
wht is R1 & SI FOR WEEK 25/1/ 10

Dear Fabrics,

R1 = 5200 and S1 = 4900 for the week starting Mon. (25th Jan 2010)-Fri.(29th Jan 2010).

Regards

 

[columbus]

ghosh sir
on 22nd jan my paper trading is as :
buy put of [email protected] at 9.32(22-01-10)
buy call of [email protected] at 11.30 because nifty spot>20(5037-4980)
at 3.00pm i coverd putof 5300@276and call of [email protected]
total loss is approx. 50.45
a)whether my loss is as routine or i miss something

b)in days (like 22-01-10 ) when there is wide range/fluctuation should we adopt the same strategy or there is something different

c)today i buy put of 5200of feb series at 9.30am . is this ok ?

Generally speaking ,I do not put a trade before 0930 hrs.

 

[ghosh_ak34]

Generally speaking ,I do not put a trade before 0930 hrs.

Dear Columbus,

Welcome back! Its true, will reco. trade in options after 9:35 AM.

Regards

 

[ghosh_ak34]

Dear Friends,

What a fall and profit making day it was!!!

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 4920
Support at 4752

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

 

[rajeeshk2010]

Dear Mr. Ghosh

I just chanced upon this thread. First of all thank you for this great strategy.

I am a novice in Options trading. After having gone through the strategy at the beginning of the thread I have 2 questions for you.

1) To me the sideways strategy mentioned and the strategy applied if
R1-S1 >=300 and <400 look very much similar. Except that in the case of sideways strategy, the prices are taken at 10:30-10:45 AM and 03:00-03:15PM spots only while in the other case it appears that similar strategy may be applied at various intervals. Please correct me if I am wrong.

2) What success ratio have you achieved so far with this strategy?

Thank you.
Rajesh