Stock FUTURES To Keep A Close Eye On

[satish707]

Hi,

How is JP Associates and Infosys Looking for the next few days ??

Have bought 15 lots of JP Asso May 150 CA @ 6.55
The Option today ended @ 2.55 , while the stock ended @ 140.10

10 Lots of Infosys May 2700 CA @ 55.55
The option ended @ 39.90 , while stock @ 2666

Could some one provide with directions of move. Can I hold for a few days or shall i book losses ???

Thanks.

 

[rithikesh]

simple_trader, It was not a greedy trade, but a blind trade with faith attached. And market punished me for that.
Next time, I would also check the charts before entering the trade.

Yes, scplindia, Any trade should have a SL.
And I generally do so, but this time, due to other preoccupations just could not do on time.

Thankyou both.

Dear rithikesh,

may be look at your position and trade you have taken. It seems to be greedy trade.

When you bought future, it is better to cover it with call writing.

In stead you have bought call. may be wrong strategy (without going into chart of the stock).


regards.

 

[prasadam]

If it is so, why you have not taken position in Tata Motors?

Hope you have not exited sesa at today's lows.

simple_trader, It was not a greedy trade, but a blind trade with faith attached. And market punished me for that.
Next time, I would also check the charts before entering the trade.

Yes, scplindia, Any trade should have a SL.
And I generally do so, but this time, due to other preoccupations just could not do on time.

Thankyou both.

 

[SavantGarde]

Hi Rithikesh,

Any Calls Posted By Me During The Market Hours Requires Active Monitorig If You Happen To Take Position...& It Is Also Essential To Have Some Trading Sense....To Know When To Exit..Incase Of Not Having Mentioned Any Targets Or S/Ls....Personally I Think You Could Have Done Without The 3 440-CAs That You Picked Up....& If There Was An Adverse News You Could Have Picked Up PUTs...Or Shorted Next Months Future...

In The Image Below Is An Example Of Real Trades For 5th May Which I Traded For A Friend Whose Account Size Is Approximately 6L

Reason For Posting The Trades Is To Show:

a) Hedging For Next Day Especially If We Are Uncertain How The Markets May Open (In This Case I Was Long 1-Lot TM & 2-Lots Short On STER)

b) Notice The Trades On TM, It Opened Down Was Sitting On Loss, Note Through The Trades How It Was Brought Into Positive

c) How To Scale Up & Scale Down...Trades...

Happy & Safer Trading

SavantGarde

 

[rithikesh]

If it is so, why you have not taken position in Tata Motors?

Hope you have not exited sesa at today's lows.

Quite simple. By the time I saw the post and could act (approx 11:30am), TM ran up by 10-12 bucks. And I was not comfortable to take a position as against recommended entry price.

And yes, I have'nt exited Sesa yet. Still holding. Thankyou.

 

[rithikesh]

Yes, I agree derivatives trade need active monitoring and nowadays we are increasingly seeing days of gap-ups and gap-downs only to throw out of gear if not properly hedged.
Btw, on 29th April, lot size of Sesa was 1500. So I had taken 1 call and 1 Future. But on 30th, lot size became 500 and that day 2 lots (500 each) hit S/L. So, remained with 1 lot Future and 3 lot CA.

Through my post I have tried to point out:
1. Do not take positions w/o looking at charts.
2. Keep S/L.

And through your post:
3. Derivatives need active monitoring as volatility can give deep cuts.
4. Appropriate Hedging.

Thankyou for another learning imparted. And there's still lot to learn.

Hi Rithikesh,

Any Calls Posted By Me During The Market Hours Requires Active Monitorig If You Happen To Take Position...& It Is Also Essential To Have Some Trading Sense....To Know When To Exit..Incase Of Not Having Mentioned Any Targets Or S/Ls....Personally I Think You Could Have Done Without The 3 440-CAs That You Picked Up....& If There Was An Adverse News You Could Have Picked Up PUTs...Or Shorted Next Months Future...

In The Image Below Is An Example Of Real Trades For 5th May Which I Traded For A Friend Whose Account Size Is Approximately 6L

Reason For Posting The Trades Is To Show:

a) Hedging For Next Day Especially If We Are Uncertain How The Markets May Open (In This Case I Was Long 1-Lot TM & 2-Lots Short On STER)

b) Notice The Trades On TM, It Opened Down Was Sitting On Loss, Note Through The Trades How It Was Brought Into Positive

c) How To Scale Up & Scale Down...Trades...

Happy & Safer Trading

SavantGarde

 

[nimish_rulz]

Nimish,
Could u pl give the names of some important mining stocks traded in Australia & UK & the links where their prices could be followed. Also link for LME

RIO TINTO Major mining stock in UK US London
BHP BILLITON Major mining stock in UK US London
VEDANTA

Also keep a close eye on copper it has started a move up.

Our very own HindCopper went up by 5% today.
So keep a close eye

Go on google finance to check the above prices. Sorry for the late reply.

 

[shaslam]

Savant Ji , Please Reply

Savant Ji,

This is a Sincere Query from needed People.

We are having losses in our portfolio. All stop losses have been hit((Unitech/Ucobank/SesaGoa/PunjLloyd/).

Please suggest what should be our strategy now?

Please suggest if we should book losses or wait for Market to come back.

As Greece and other EU countries are still in dire conditions, will we have more correction or market may come back in few weeks?

Thanks A lot in advance,

 

[prst]

Savant Sir,

please let us know the future for Sesa goa.
Will there a drastic upside or downside in this month?

 

[savkar]

Re: Savant Ji , Please Reply

shaslam,
Stop loss is the price at which one should sell off.
Brokers give an option to mention stop loss so it is autosold

Savant Ji,

All stop losses have been hit((Unitech/Ucobank/SesaGoa/PunjLloyd/).

Please suggest what should be our strategy now?