Option Buy Recomendations

[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 4955
Support at 4840

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

 

[susobhan]

Dear Susobhan,

In sideways i.e. R1-S1 is outside the range 300 to 400. We square off our position when in profit or when SL = 30% of CMP is hit.

When in profit we hold are position with a suitable trailing SL. It has nothing to do with daily resistance and support.

Regards

Yes sir

regards
susobhan

 

[sirisha_hyd]

Hi Ghoshji,

Today itself I joined in traderji & i've gone through your thread too. Honestly, I got to learn so many things in here..........

Besides, as a new trader I'm paper trading in Tata Steel options, but I'm unable to understand the volumes {whether there is short build up or long build up}, so could you plez guide me in this regard.

Thanx in advance.

Sirisha

 

[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 4890
Support at 4735

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]

Hi Ghoshji,

Today itself I joined in traderji & i've gone through your thread too. Honestly, I got to learn so many things in here..........

Besides, as a new trader I'm paper trading in Tata Steel options, but I'm unable to understand the volumes {whether there is short build up or long build up}, so could you plez guide me in this regard.

Thanx in advance.

Sirisha

Dear Sirisha,

You can get to know about the volumes related data from nseindia dot com 's get quotes.

Click on the various strike prices to see the corresponding order books. For example, click on strike price of 600 ca to see its orderbook. In the order book for this strike price one can see the buy and sell quantity.


Hope this helps.

Regards

 

[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 4968
Support at 4852

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

 

[gurprB2J]

Quote:
Originally Posted by 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 ?

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

Respected Ghosh Sir
in continuation with above
sir yesterday ie. on 3-2-10 nifty has a wide grange and again i incurredd loss .so pls tell me either its routine or shoul we have some different strategy for wide day range ...
sir i m doing paper trading since20-12-09 and have excellent results and only three days with loss more than 10% .all r wide rang days . that i was asking u once agin regarding same question..i m sorry if it irritates u but i m a slowlearner so need some extra time to learn.sorry once again
2 i m not able to decide that whether we should cover position when ever there is a change of trend in the middle of day as:
a)some times our position is in profit , little as 4 to 5 percent

b)Or wait for 3pm with 20-30 percent SL
c)Or when we cover at the end of day we were equally profitable as during the change of trend
with regards
gurpreet singh

 

[sirisha_hyd]

Hi Ghoshji,

I'm unable to predict Tata steel direction, I dont know how to track this stock. As of now, Im just checking Dollar status & Nifty direction, but looks like there are some other factors, which Im missing, so could you plez help me in this regard..

Best wishes...

Sirisha

 

[susobhan]

My suggestion is first u read 1st page at least 10 times and then 150-170 pages 20 times, and follow the Nifty movement as per this system at least one month, u will get a sense , all queries will be cleared.

Don't mind my english is very bad.

Regards
susobhan

 

[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 4895
Support at 4782

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