Stock FUTURES To Keep A Close Eye On

[alroyraj]

Hi AlRoyRaj,

Firstly, My sincere apologies for the delay...in replying

1) If you have been predominantly an intraday trader then, it becomes so much more difficult to be a positional trader. Since the appetite for overnight risk is almost not present.

2) In a trending market like the one we have been witnessing since Feb.'09 it was far more rewarding to be a positional trader than a intraday trader.

3) To be a Positional trader there are a few qualities that one must develop

a) To correctly identify the overall trend
b) To correctly identify the sector tailwind
c) Within the sector to correctly identify the scrip that will be most favoured

4) In a trending market there is yet another way for entry for those with very little risk appetite

a) Identify the major support level where if not broken, to make an entry

What the above does is reduce the risk of major downside from entry.

To illustrate an example:

let's say Scrip A has a support 100 and has only dipped below a little bit during intraday... therefore it becomes a good entry point because downward risk is atleast known before taking an entry & hence your risk is only limited to the break of the support levels.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Scaling up or scaling down...is another way of compounding profit in a position thus, creating that extra bit of margin of safety.

All the strategies outlined are valid for Futures segment.... & can be tweaked for individual's personal preferences.

If I have missed something please feel free to query.....will try and do my best in terms of reply.

Happy & Safer Trading

SavantGarde

It is true that I have difficulty switching from intraday to positional.The types of contracts are different.
I noticed the spectacular gain that positional offers compared to intraday so wanted to make the transition but the number of scripts in Futures and zeroing on the right one to trade is daunting. many scripts in secular uptrend trends take off at 9 to 930 during which I remain cautious.
Of these Bharti ,ONGC ,LIC Hsg ,Titan ,Apollo Tyres surge and do not retrace. So have to blindly enter these in the morning to get in .Not able to bring myself to do so.
Others retrace less that a percent the day following the major move eg Colgate,Asian paints,Ranbaxy,ITC,HDFC.

 

[stockBond]

It is true that I have difficulty switching from intraday to positional.The types of contracts are different.
I noticed the spectacular gain that positional offers compared to intraday so wanted to make the transition but the number of scripts in Futures and zeroing on the right one to trade is daunting. many scripts in secular uptrend trends take off at 9 to 930 during which I remain cautious.
Of these Bharti ,ONGC ,LIC Hsg ,Titan ,Apollo Tyres surge and do not retrace. So have to blindly enter these in the morning to get in .Not able to bring myself to do so.
Others retrace less that a percent the day following the major move eg Colgate,Asian paints,Ranbaxy,ITC,HDFC.

Any recommendations on Sesagoa and Ashokleyland ?
It seems they r on a breakout any time.
Can we buy their CALL options ?

 

[MurAtt]

Bot Ster Ind @ 176.80 x 1 lot. tgting 185 and 195 next. though that may go into the next expiry and trade done in sept series.

 

[calmeshenoy]

i bt JP FUT@123,RELCAP FUT@806,RIL FUT@1007,SSUZLON [email protected],PLS GIVE ME D LVLS n trend for next 3 to 5 days

 

[SavantGarde]

Guys,

Check the following today in Stock Futures....

FINANTECH - Short
GTLINFRA - Long
HEROHONDA - Long
INDHOTEL - Short
MTNL - Long
PFC - Short
ZEEL - Long

Use 'Trading Intelligence' For Entry, Exit & S/L.... & Yes do not get greedy

Happy & Safer Trading

SavantGarde

 

[SavantGarde]

Hi AlRoyRaj,

Except for LICHSG...I would not take any of thos from first list as positional....except ride a few of the move.

From the second list Only Asianpaints for positional... & defensive position in a choppy market would be Ranbaxy infact DrReddy would be more preferable...

Therefore, choosing a scrip for positional......is 95% work....ofcourse keeping in mind the run up our markets have had....

It would have been a different ballgame...of selecting....in March 2009....at that time...one would have been spoilt silly for choices...

Happy & Safer Trading

SavantGarde

It is true that I have difficulty switching from intraday to positional.The types of contracts are different.
I noticed the spectacular gain that positional offers compared to intraday so wanted to make the transition but the number of scripts in Futures and zeroing on the right one to trade is daunting. many scripts in secular uptrend trends take off at 9 to 930 during which I remain cautious.
Of these Bharti ,ONGC ,LIC Hsg ,Titan ,Apollo Tyres surge and do not retrace. So have to blindly enter these in the morning to get in .Not able to bring myself to do so.
Others retrace less that a percent the day following the major move eg Colgate,Asian paints,Ranbaxy,ITC,HDFC.

 

[Prashant Patel]

Guys,

Check the following today in Stock Futures....

FINANTECH - Short
GTLINFRA - Long
HEROHONDA - Long
INDHOTEL - Short
MTNL - Long
PFC - Short
ZEEL - Long

Use 'Trading Intelligence' For Entry, Exit & S/L.... & Yes do not get greedy

Happy & Safer Trading

SavantGarde

Savant Sir can u explain me how to use Trading Intelligence, as I'm novice in this!

 

[SavantGarde]

Prashant,

Trading Intelligence comes from Experience

Don't worry with persistence & inquisitivness.....& many stumbles you will get there.

Happy & Safer Trading

SavantGarde

Savant Sir can u explain me how to use Trading Intelligence, as I'm novice in this!

 

[satish707]

Hi savant Ji and Murtaza Ji !! ,

How is CAIRN looking over the next month ??

Have CAIRN Oct 300 Put @ 0.75 and also I hold some 300 shares of the same in my Portfolio bougt @ 283 sometime back ......

Need inputs on both .........How does the PUT will be ... When can the exit be done ??

Also suggest some Good investments in OPTIONS market ....

 

[MurAtt]

Bot Ster Ind @ 176.80 x 1 lot. tgting 185 and 195 next. though that may go into the next expiry and trade done in sept series.

162/-