SH's MArket Correction Prediction Strategy

[Tradewithhunter]

Nifty Spot touched below 100DMA, 5805

5800CE=170/-
5800PE=119/-

Total 289/-. Bought 1L, DEC seies. Lets see what happens.

GG

GG - if NF gaps up today around 6040-50, your 5800 CE and PE straddle should have moved in profits today. You might want to consider booking entire straddle or just the calls. You can hold puts to see if any corrections comes. :thumb:

Cheers
SH

 

[Tradewithhunter]

GG - if NF gaps up today around 6040-50, your 5800 CE and PE straddle should have moved in profits today. You might want to consider booking entire straddle or just the calls. You can hold puts to see if any corrections comes. :thumb:

Cheers
SH

5800 CE and PE combo trading at 310 now .... gulugulu bought at 280 .. thats 10% profit on investment..... :thumb:

Cheers
SH

 

[amitava82]

Could you please tell us which strike price PUT and CALL combo should we buy since we have 100ema touch?

 

[Tradewithhunter]

Could you please tell us which strike price PUT and CALL combo should we buy since we have 100ema touch?

I have bought 5700 PE at 80 ..

if Nifty closes above 100 EMA ... in that case I will buy calls and close puts ... this time play for one side only instead of buying both calls and puts.

Cheers
SH

 

[vinst]

no chance of NF closing abv 100ema today

vin

 

[Tradewithhunter]

no chance of NF closing abv 100ema today

vin

Vinst - not talking about today ... I am talking about December month. Will hold put until 80 becomes 120 or Nifty closes above 100 EMA - whatever comes first. :lol:

Cheers
SH

 

[gauharjk]

Vinst - not talking about today ... I am talking about December month. Will hold put until 80 becomes 120 or Nifty closes above 100 EMA - whatever comes first. :lol:

Cheers
SH

Bro, did you switch to Call options? Do you still envision more correction in Nifty?

 

[sujittalukder]

Vinst - not talking about today ... I am talking about December month. Will hold put until 80 becomes 120 or Nifty closes above 100 EMA - whatever comes first. :lol:

Cheers
SH

Yeaterday, Nifty closed above 100EMA.
Did you closed the Put?
regards

 

[rrmhatre72]

Vinst - not talking about today ... I am talking about December month. Will hold put until 80 becomes 120 or Nifty closes above 100 EMA - whatever comes first. :lol:

Cheers
SH

Hi SH,

I am bought pair of 5800PE & 5900CE yesterday...
This cost me Rs177 for pair..... yesterday's close was 164.....
What target should I aim for squaring it off?

 

[Tradewithhunter]

Yes I have closed puts and bought 5900 calls.

rrmhatre72 - no need to keep puts till the markets are above 100 EMA.... you can square off the puts (or calls if the mkts fall below 100 EMA again) ...just run with one position ... aim for 25-50% returns.

Cheers
SH