SH's 315 Strategy - how to use if effectively

[umeshmandal]

Should'nt We wait till 3.25 for exact confirmation of crossover and then Exit our Longs..

Yes, in fact we dont only Exit longs but also should go short also at 3:25 if the crossover is confirmed.

 

[umeshmandal]

Bought 2 X 5600 Call at 50.55, will exit if Bearish cross is confirmed at close. In my charts of RT converted to Daily the Crossover is a bit lower!!

SL given for cost in 5600 Calls, does a high of 61/-

 

[umeshmandal]

Hate such situuations... will be a touch and go matter... where will market settle? No wonder if it does not show a crossover at 3:25 and does so by close or the reverse, Shows a crossover at 3:25 and reverts back to long by close. Would like to delay the decision as late as possible. I am going to my brokers palce with my Laptop and decide at 3:29+
Praying for a move in whatever direction... will take position in Options only!!

 

[gauharjk]

Have Nifty shorts opened up as per 315 strategy?

 

[umeshmandal]

Have Nifty shorts opened up as per 315 strategy?

No!!! Not yet... need to close below "probably" 5612 or some say below 5624!!

 

[tanewbie]

Have Nifty shorts opened up as per 315 strategy?

no
Sell will come only if NF stays below 5524 after15.25 and sustains it till 15.30.

cmp 5546

If nf stays below 5580 tomorow we will get a sell signal( only if it stays abv 5524 today)

 

[umeshmandal]

Holding 5600 Calls, exited longs at 5551.55!! Not comfortable with my longs. Though its breach of rules but so be it!!

 

[abhi_neth]

No crossover in Nifty

 

[umeshmandal]

315 remains Long!! Keeping fingers crossed!!!!

 

[gauharjk]

Nifty closed at NF spot 5514.80...