SH's 315 Strategy - how to use if effectively

[Tradewithhunter]

F&O Crossover as on 29-Jun-2010

Entry date Scrip Action Reason Entry Price Stop Loss
29-Jun-2010 HDFCBANK SELL 315 -Cross 1913.90 1961.75
29-Jun-2010 ICICIBANK SELL 315 -Cross 848.10 869.30
29-Jun-2010 ICICIBANK SELL 534 -Cross 848.10 869.30
29-Jun-2010 IDBI SELL 315 -Cross 115.30 118.18
29-Jun-2010 SESAGOA SELL 315 -Cross 345.90 354.55
29-Jun-2010 TATASTEEL SELL 315 -Cross 476.35 488.26
29-Jun-2010 TCS SELL 315 -Cross 757.00 775.93

Hi tmnkin - Please check for Sesagoa again. The 534 sell signal came yesterday (and today it crashed 5%) ...... its not possible for 315 sell to come after the 534 sell.

Cheers
SH

 

[Tradewithhunter]

Hello TwH !

Is there any change in the below 315 tracking list of yours : -

1. Nifty
2. Bank Nifty
3. ACC
4. ABAN
5. DLF
6. Unitech
7. ICICI BANK
8. IFCI
9. IDBI
10. JP Associate
11. L&T
12. RCOM
13. Bharti Airtel
14. Reliance
15. Reliance Capital
16. SAIL
17. SESAGOA
18. SUZLON
19. STERLITE
20. SBI Bank

Thanks.

No change.

 

[simple_trader]

Tend to believe market will get support around 5270 and probably resume rally next week. We can go upto 5450 NF around. Let's see how things work.

Happy trading!

Still NF looks fine for 5450 in a couple of days. Good setup, global market will bounce and NF will fulfill its target.

Happy trading!

 

[tmnkin]

F&O Crossover as on 30-Jun-2010

Entry date Scrip Action Reason Entry Price Stop Loss
30-Jun-2010 ABAN BUY 534 +Cross 851.55 830.26
30-Jun-2010 IDBI BUY 315 +Cross 117.00 114.08
30-Jun-2010 IFCI BUY 315 +Cross 57.55 56.11

Cash Crossover as on 30-Jun-2010

Entry date Scrip Action Reason Entry Price Stop Loss
30-Jun-2010 ABAN BUY 534 +Cross 848.00 826.80
30-Jun-2010 IFCI BUY 315 +Cross 57.15 55.72

 

[tmnkin]

Hi tmnkin - Please check for Sesagoa again. The 534 sell signal came yesterday (and today it crashed 5%) ...... its not possible for 315 sell to come after the 534 sell.

Cheers
SH

hi sh, i checked with my software i found 534 cross happened first then only 315 happened (its my own developed charting application), i may be wrong, pls check with icharts or some other charting service to cross verify.

so that i can check and make the appropriate changes

 

[Tradewithhunter]

As usual, 3 EMA showing its magic powers, this time on weekly charts. :lol:

NF has breached previous week's lows with ease and is now getting supported at 5260.

Cheers
SH

Hi Guys,

Nifty is back up after taking support at 15 EMA on daily charts and 3 EMA on weekly charts.

The 15 EMA kiss around 5240 was an opportunity to 'ADD' longs as per my rules. One should be holding 2 lots long now (first one from 5086 & Second one from 5240).

The average buy rate for both lots is 5163 which gives us a 150+ point cushion i.e even if 315 sell is generated around 5200 .. our position will still give profits.

For the time being, all izz well for bulls.

Cheers
SH

 

[veluri1967]

Hi,

Contrary to you, I took a bearish view of the market I am into Put of BankNifty 9300. It is my first time into options. My track record is that I make a big killing when I fail in my first trade.

I wish all 315 followers should prosper to make my first trade in options a super flop.:lol:

 

[pundit]

No change.

Dear SH ji,
Can we use 315 for bank nifty with same rules??

 

[Tradewithhunter]

hi sh, i checked with my software i found 534 cross happened first then only 315 happened (its my own developed charting application), i may be wrong, pls check with icharts or some other charting service to cross verify.

so that i can check and make the appropriate changes

I checked it - and your application is absolutely correct. 315 sell came after 534 sell since 15 EMA was lower than 34 EMA.

Apologies for the confusion.

Cheers
SH

 

[tmnkin]

F&O Crossover as on 01-Jul-2010

Entry date Scrip Action Reason Entry Price Stop Loss
01-Jul-2010 CAIRN SELL 315 -Cross 299.10 306.58
01-Jul-2010 NTPC BUY 315 +Cross 199.50 194.51
01-Jul-2010 TCS SELL 534 -Cross 736.20 754.61

Cash Crossover as on 01-Jul-2010

Entry date Scrip Action Reason Entry Price Stop Loss
01-Jul-2010 NTPC BUY 315 +Cross 200.00 195.00