SH's 315 Strategy - how to use if effectively

[hawaisanjay]

If nifty spot closes below 5770,we will have bearish crossover.

 

[rkkarnani]

Could you please tell us your options strategy for today?

If there is a bearish crossover at 3:15 ,
I would exit my Long (which in any case I would have as its Derivative closing) and take position in NF 5800 PE.

 

[rkkarnani]

I use RT charts converted to EOD, in my charts any time NF goes below ~5797 the EMA's show a bearish crossover!

 

[rkkarnani]

NF 5798, bearish crossover, Nifty 5801+ No crossover!!
NOTE : My chart is RT converted to EOD

 

[rkkarnani]

The situation is a bit tricky today!! The price is like dancing on the edge of the crossover and that too on a Derivative close.
Just my view and is not in the Rules of trading in this thread! : As May Nifty is in Premium, I would not take a short position or Put unless NF closes below 5790

 

[msa5678]

The situation is a bit tricky today!! The price is like dancing on the edge of the crossover and that too on a Derivative close.
Just my view and is not in the Rules of trading in this thread! : As May Nifty is in Premium, I would not take a short position or Put unless NF closes below 5790

This situation has been discussed many
a times before. Some are of the opinion that
Nifty Spot Values are to be followed, and
others feel that Nifty Future Values, when
looking for crossover. SH follows Nifty Future
Values. I feel that for the sake of convenience
it is better to follow Nifty Spot Values. Anyway
the originator of the thread SH may have his
reasons for following NF Values. He is in a
better position fo arrive at the conclusion than
us.

 

[rkkarnani]

This situation has been discussed many
a times before. Some are of the opinion that
Nifty Spot Values are to be followed, and
others feel that Nifty Future Values, when
looking for crossover. SH follows Nifty Future
Values. I feel that for the sake of convenience
it is better to follow Nifty Spot Values. Anyway
the originator of the thread SH may have his
reasons for following NF Values. He is in a
better position fo arrive at the conclusion than
us.

I do remember the discusssion we had on Nifty Spot or Futures. Many TA's are of the same opinion as you: Follow the underlying.
However there may be enumber who say as does SH to follow what you trade.

However here I was emphaising on the Premium in May Nifty vis a vis current Nifty.

 

[msa5678]

I do remember the discusssion we had on Nifty Spot or Futures. Many TA's are of the same opinion as you: Follow the underlying.
However there may be enumber who say as does SH to follow what you trade.

However here I was emphaising on the Premium in May Nifty vis a vis current Nifty.

Anyways the crossover didn't happen
today and seeing the way the banking
sector surged up in the last moments, I don,t
see a crossover happening tomorrow also.

 

[rkkarnani]

Anyways the crossover didn't happen
today and seeing the way the banking
sector surged up in the last moments, I don,t
see a crossover happening tomorrow also.

In my charts of RT converted to EOD the crossover is there and I took position in Options! Quiet possible the EOD charts are yet to show a Crossover or maybe its not there in Spot Nifty charts which you are using for your trades.

 

[lvgandhi]

In my charts of RT converted to EOD the crossover is there and I took position in Options! Quiet possible the EOD charts are yet to show a Crossover or maybe its not there in Spot Nifty charts which you are using for your trades.

I also has crossover of ema3 in my rt chart also. It happened at 15:00 and continued.
ema3 is 5819.73
ema15 is 5823.22
close is 5785.2