SH's 315 Strategy - how to use if effectively

hi sh where market is heading are we due for deep correction throw us some light
Hi TMNKIN - My view is that irrespective of a small correction that might come in the next two weeks ( 5%-10% from current levels of 5750) .. we remain in a bull market and NF is set to see new all time highs in 2011.

Any dip that comes this month will be a huge opportunity to get back into longs. There is also a possibility that market doesnt correct at all this month.

Above are my views, but as always, trade only based on chart signals.

Cheers
SH
 
F&O Crossover as on 13-Sep-2010

Entry date Scrip Action Reason Entry Price Stop Loss
13-Sep-2010 ESSAROIL BUY 315 +Cross 129.60 126.36
13-Sep-2010 JPASSOCIAT BUY 534 +Cross 122.25 119.19
13-Sep-2010 RELIANCE BUY 315 +Cross 996.20 971.30

Cash Crossover as on 13-Sep-2010

Entry date Scrip Action Reason Entry Price Stop Loss
13-Sep-2010 ESSAROIL BUY 315 +Cross 128.80 125.58
 
Dear Friends,

A lot of risk averse professional traders make money using options. Their objective is to make 5% - 10% of investment every month (which compounds to more than 100% returns on investment per annum).QUOTE]

Hi SH,I am trying to understand the 315 option strategy. Pl throw some light. If you compare selling option and buying/selling future, both require same amount of margin, but in future you will get more points. Please advise if I am correct.
 
Thanks Sir.
I am a layman with simple skills.According to my calculations
Nifty is in 5th wave from the low stating at 4767 in May 25th.
It is very strong.So according to Elliott wave the
first target is 5432-5440 which will be easily achieved by Nifty 90%
tomorrow itself.
The other targets are 5520 / 5574 /5590 and 5668 and
since Gann target also agrees with last target of 5668
I believe that Market will certainly go there.
Dear SH sir ,
Today as per my post on 13 th July the last target too achieved.
Thanks.
 
Dear Friends,

A lot of risk averse professional traders make money using options. Their objective is to make 5% - 10% of investment every month (which compounds to more than 100% returns on investment per annum).QUOTE]

Hi SH,I am trying to understand the 315 option strategy. Pl throw some light. If you compare selling option and buying/selling future, both require same amount of margin, but in future you will get more points. Please advise if I am correct.
HI Prabit - you are correct. BOth require equal margin.

However futures since risk is high reward is also high, whereas in selling options risk is smaller so the reward is also smaller.

Cheers
SH
 
Entry date Scrip Action Reason Entry Price Stop Loss
14-Sep-2010 IFCI SELL 315 -Cross 59.20 60.68
14-Sep-2010 IFCI SELL 534 -Cross 59.20 60.68

Cash Crossover as on 14-Sep-2010

Entry date Scrip Action Reason Entry Price Stop Loss
14-Sep-2010 ABAN BUY 534 +Cross 827.50 806.81
 
Sh sir, i am a bit confused about the candle not touching part 3 ema :(

This is tata steel chart:



also check nifty 2,7 & today's candle for this month.

P.S. Ignore 34 and 100 ema's
 
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