INTRADAY playing on options was not n easy task for for me as earlier i used almost all indicators but none seem to achieve and fetch the real profit expect the below one about to mention , not 100 % atleast i come out in profit/No loss -no gain
Earlier the profit made was been eaten by the Sharekhan brokerage with 80 rs one side brokerage , and now thanks to RK Global i am trading with ease
The 3-34 technique is as explained below Assume market is at 5000
I open 2 charts CALL NIFTY 5000 and PUT NIFTY 5000 ,
apply the SMA 3 and 34 indicators
1) Buy condition
Buy NIFTY CALL , when CALL Chart the 3 SMA crosses above 34 SMA .
Condition : PUT CHART 3 croses 34sma in downwards
STOP LOSS : 2-5 rs on the buy price , based on ur RISK
STOP Profit : In any of the chart 3-34 Cross happens
2) Same applies to BUY PUT as mentioned in point 1 with vice versa chart
3) NO Game to be Played : when both the chart indicates downwards i.e 3 is below 34 .This is coz CALL/PUT Writing is happening
Since i am just in testing mode ..would like your help in impriving this method and the flaws it has so that this method can be improved and make an profitable day everyday
Disadvantages i found still now are
1) Judging the direction at cross over seem to be little bit tricky and we have too be fast in placing order if reversals happens
Advantage :
I buy at the least price which i am happy with and never hits my stoploss , but sometime hook up in Selling price bcoz of the greed
Thanks
GJ
Earlier the profit made was been eaten by the Sharekhan brokerage with 80 rs one side brokerage , and now thanks to RK Global i am trading with ease
The 3-34 technique is as explained below Assume market is at 5000
I open 2 charts CALL NIFTY 5000 and PUT NIFTY 5000 ,
apply the SMA 3 and 34 indicators
1) Buy condition
Buy NIFTY CALL , when CALL Chart the 3 SMA crosses above 34 SMA .
Condition : PUT CHART 3 croses 34sma in downwards
STOP LOSS : 2-5 rs on the buy price , based on ur RISK
STOP Profit : In any of the chart 3-34 Cross happens
2) Same applies to BUY PUT as mentioned in point 1 with vice versa chart
3) NO Game to be Played : when both the chart indicates downwards i.e 3 is below 34 .This is coz CALL/PUT Writing is happening
Since i am just in testing mode ..would like your help in impriving this method and the flaws it has so that this method can be improved and make an profitable day everyday
Disadvantages i found still now are
1) Judging the direction at cross over seem to be little bit tricky and we have too be fast in placing order if reversals happens
Advantage :
I buy at the least price which i am happy with and never hits my stoploss , but sometime hook up in Selling price bcoz of the greed
Thanks
GJ