Option Buy Recomendations

[vinustephen]

Dear Mr. Ghosh,

One more question. Why is there a difference between daily Support and Resistance values for the May and June series. Aren't they calculated from Nifty spot price chart.

Vinu

 

[ghosh_ak34]

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

Dear Mr. Ghosh,

One more question. Why is there a difference between daily Support and Resistance values for the May and June series. Aren't they calculated from Nifty spot price chart.

Vinu

Dear Vinu,

No worries.
Daily support / resistence is for future trading and its derived from future values. Then, we use trend check strategy posted in 1st post of this thread to trade in future.

The options trading weekly R1,S1 i.e. resistence and support is based on spot Nifty price.

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 5065
Support at 4990


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:

Market might continue in a narrow range(NR) before showing any direction. Watchout for 5100, 5150 levels.

Write 5000 straddle to take advantage of this NR zone.

Write Nifty 5000 ca @ 146.05 (CMP)
Write Nifty 5000 pa @ 113 (CMP)

SL = Rs 2000/- Target = Rs 5000/- per lot

Regards

 

[vinustephen]

Dear Vinu,

No worries.
Daily support / resistence is for future trading and its derived from future values. Then, we use trend check strategy posted in 1st post of this thread to trade in future.

The options trading weekly R1,S1 i.e. resistence and support is based on spot Nifty price.

Hope this helps.

Regards

Mr. Ghosh, Thanks for the reply.

 

[gb333]

I have NIFTY JUNE 5200 CALL@ 55.. what target should i see on the comming week.

 

[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:

Resistance at 5090
Support at 5020


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:

Resistance at 5000
Support at 4866


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

 

[VIKAS 21]

Ghosh sir

5100 call has come down at around 60rs , is it advisable to take it at these levels if market recovers again to take profit from it.

thnx

 

[ghosh_ak34]

Ghosh sir

5100 call has come down at around 60rs , is it advisable to take it at these levels if market recovers again to take profit from it.

thnx

Dear Vikas,

Nifty is having resistance at 5100 levels so 5100 call buy won't be profitable. You can however, buy 5000 call and write 5100 call. Maintain strict SL=-Rs 1000/- per lot for this setup.

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:

Resistance at 5062
Support at 4970


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 Views:

We might see Nifty to be falt to bearish tomorrow. Watch out for Asian Mkt tomorrow before our market opens. Do keep an eye on Euro. mkt. as well.

Regards