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 5010
Support at 4900

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.

Market View:

Nifty might remain flat to bearish. Volatility might remain high so trade wth caution.

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 4980
Support at 4875

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.

Market View:

Tomorrow might see some technical bounce back. Market being volatile will reco. to square off most of your short positions by EOD.

Regards

 

[SpicyDesi]

newbie here,

interesting you use words Recommendation , Advisory and Predicting the future


how come you never talk about Greeks and the science behind them


like Delta/Theta/Probability and Fair Value which are critical to Options


good info though, I am trying question your leap of faith??????????


Options Trading is an Art

 

[ghosh_ak34]

newbie here,

interesting you use words Recommendation , Advisory and Predicting the future


how come you never talk about Greeks and the science behind them


like Delta/Theta/Probability and Fair Value which are critical to Options


good info though, I am trying question your leap of faith??????????


Options Trading is an Art

Dear SpicyDesi,

I want to keep things simple so don't use any greeks - delta, theta, prob. etc. I believe in keeping things simple. When I was learning options 4-5 years ago I tried to follow these greeks for options trading, but haven't found them much useful. So have sticked to my TA/charts.

There are many ways to trade in options, with or without these greeks. I use charts to predict direction of stock(s) or nifty.

If you can show me how to trade with profits using these greeks then, it will be great.

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 5010
Support at 4850

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.

Market View:

Volatility will continue. Candlestick suggest some trend reversal in Nifty from bearish to bullish. Though clear picture will appear after expiry.

Regards

 

[ghosh_ak34]

i have Just Gone through the thread, as per my understanding i have plotted the levels for Next Week. let me know whether i'm correct or not


W.H - 5212.7
W.L - 5026.6
W.C - 5093.9

as per NSE Site

P = 5110.9

S1 = 5009 rounded to nearing Hundred 5000
R1 = 5195 rounded to nearing Hundred 5200

Lets wait for the weekend. As per this strategy we take OHLC for the week starting from last Mon. to Friday to calculate R1,S1.

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 4854
Support at 4700

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.

Market View:

Tomorrow we will see short covering. Market being bearish one can short June Nifty. Lets watch out for the breach of 4650. Will see more down trend. Levels to watch out for 4650,4300,4000 and then, 3950.

Only some series of good news could save market from falling to these levels .

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:

May Series:

Resistence at 4950
Support at 4864

June Series:

Resistence at 4940
Support at 4850

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]

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 5070
Support at 4950

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.

Market View:

Tomorrow we might see profit booking. Will wait till Monday close to take further call.

Regards

 

[vinustephen]

Dear Mr. Ghosh

Sorry if i sound stupid, but u said nifty futures can be traded as per trend check strategy. Can you please explain how daily Support and Resistance comes into play with this.

Vinu