The Nifty Trading Lounge

[Taurus1]

The Indian, Hong Kong and Chinese markets have their final new high for this year on Nov 9th, ±2

The next new high for these 3 markets is in 2019

Putting this down today 21-8-15 for reference later.

It doesn't look like a new high is possible for Hong Kong and Shanghai, but the Spx is within touching distance of new highs.

Posted on Oct 13th

High on Oct 26th
Low on Oct 29th...... and final entry for bbuulllssss this year

Nifty low at 8094, ±16 on Oct 29th, ±1

This is the last chance for bbuulllssss, they will make it count

 

[TradeJoker]

One cartoon gave levels for trading the Nifty

7500-8200

:rofl::rofl::rofl:

I wonder how difficult is it to give a 700 point upper and lower levels difference ??

Even a small kid could do that if you show him the chart.:lol::lol::lol:

But sometimes the cartoons are right, e everyone talking about 7200 and nifty went 8200

 

[Taurus1]

Nifty low at 8094, ±16 on Oct 29th, ±1

There is a chance of another 30pts down, depending on the open, I will buy Nov calls.

It's the last chance for bbuulllssss to rig it up this year so they will do their best.

Yesterday, I took a quick look at the bid/ask spreads with the new lot sizes..... it is time to forget options.

With the old lot sizes, there was a spread of 1000 to 2000 on some stocks and with the new sizes it will go to 5000 to 6000. This is for 1 strike OTMs, if the option goes 1 strike ITM, the spread can go to 10,000 to 15,000

....... now take into account the reduced volumes .... is there anything left?

The institutions have hit the jackpot..... their profits are set to go up hy hundreds of %%%%%%%%%....... huge bid ask spreads with the algos hunting for suckers....... can it get any better than this?

 

[pratik 1387]

Dear friends
Pls explain me I m a new one to options trading.
If I buy 7800 put option for nifty @ price of 16 then what amount should I have to pay.
Is it 75*16 plus brokerage only?
Pls clarify.

Thx in advance.

 

[timepass]

Dear friends
Pls explain me I m a new one to options trading.
If I buy 7800 put option for nifty @ price of 16 then what amount should I have to pay.
Is it 75*16 plus brokerage only?
Pls clarify.

Thx in advance.

That's right, 75 x 16 + expenses only.

 

[Taurus1]

Nifty low at 8094, ±16 on Oct 29th, ±1

This low is getting stretched........ I will buy calls today near 8030, stop at 8000 S.

The 3rd, 4th and 5th could be WRBs, as the 3rd has the potentially highest range day of 2015 .

 

[Taurus1]

I will buy calls today near 8030, stop at 8000 S.

Yesterday, I got in at 8030, got out at 8005 ......... back in at 8030 and holding.

I also bought Infy and Reliance calls

The Nazzdack and Spx racing towards new highs..... new suckers are rushing in at every move up.

Those who are still out, jump in, it's the last chance for bbuulllssss this year.

 

[Taurus1]

Yesterday, I got in at 8030, got out at 8005 ......... back in at 8030 and holding.

I also bought Infy and Reliance calls

Still holding Nifty and Infy, Reliance got stopped out. The market is at flashpoint, waiting for the election spark, it can go any side.

Yesterday, Shanghai was up 4.3%, Hong Kong some 2.5%....... but here it couldn't do even 0.1%.

One thing is sure, the bbuulllssss are in for it after the bear party starts.

 

[Taurus1]

Yesterday, I got in at 8030, got out at 8005 ......... back in at 8030 and holding.

I also bought Infy and Reliance calls

For the second time, I got out at 8005 :annoyed:

I bought puts to hedge my relation portfolios...... even though there are only 5 days more till the 10th, anything can happen.

There is too much uncertainty in the market ....... better to wait until the election results are in.

The Indian, Hong Kong and Chinese markets have their final new high for this year on Nov 9th, ±2

The next new high for these 3 markets is in 2019

Putting this down today 21-8-15 for reference later.

Nothing has changed, this forecast is the same......

 

[Taurus1]

Sgx -124

As usual, the "experts" knew the election results in advance and took short positions ............ of course, they only said so after the result was known.

I bought puts to hedge my relation portfolios...... even though there are only 5 days more till the 10th, anything can happen.

On the 10th, I will sell everything, with some luck the puts will recover more than double the loss in the portfolios.

Bottom of 7620, ±16