Trading with PT style

[praveen taneja]

Bombay's Dalal Street... is the only place where people come in a Mercedes Benz to get advice on how to make more money... from those who take the local train and advisor go back home on Mercedes and people on local train IT`S ONLY PLACE WHERE BY U COME IN MERCEDES AND GO ON CYCLE

 

[praveen taneja]

I am on 5200 put and 5300 call any suggestion combine cost 36??????????

 

[hiteshsjoshi]

I am on 5200 put and 5300 call any suggestion combine cost 36??????????

PT bro, when are you planning to quit? I thought about the same position but did not buy it as today is Friday (time decay issue). Add to it the laziness of Nifty in moving up or down. Your position seems to me as ideal for the influence of time decay, unless some decent move up/down occurs...

Would prefer buying the same position on Monday, if all izz welll....:thumb:

 

[praveen taneja]

PT bro, when are you planning to quit? I thought about the same position but did not buy it as today is Friday (time decay issue). Add to it the laziness of Nifty in moving up or down. Your position seems to me as ideal for the influence of time decay, unless some decent move up/down occurs...

Would prefer buying the same position on Monday, if all izz welll....:thumb:

would exit put at 5222 and call at 5276
time decay wont matter for monday:thumb:

 

[simple_trader]

Dear Praveen Taneja,

May be a good trade if held till expiry. Intraday does not seem to be interesting (Both for write or buy).

regards

 

[praveen taneja]

YES bro option are at mercy of volatality so more volatality more profit hope to get one free till monday

 

[praveen taneja]

exit from options at 38.70 no need of taking tension home when one is already there:lol:

 

[Rajkrishna]

Hello Dear Friends....

For Today all got profit all target achieved almost.

RBI increased Reverse repo so Banking sector will remain in pressure so remain on sell side, may be GIANTS(Banks & Broker house) increase price of banking shares like they did today but in 1 month it will be down so sell on Highs in Cash and in Future. Also dont buy realty sector as they shown weakness today with bounce also but in long term(2-3 weeks) all will go down, so let them make highs and remain on sell side.

Sell on HIgsh first then buys in dips when market try to go up.

For March 22...

Sell Syndibank 87 buy 85 or below (SL 88).
Sell ICICI bank 955-956 buy 940 or below (SL 958).
Sell Triveni 135.5 -136 buy 132 (SL 137).
Sell Polaris 173-174 buy 170 (Sl 175)
Sell Cairn 284-285 buy 280 or below (SL 286).

For Nifty I had short on 5240 and 5200 will be easy to get on Monday so that time exit is required for safe profit.

Happy Trading to all of you..

 

[praveen taneja]

Hello Dear Friends....

For Today all got profit all target achieved almost.

RBI increased Reverse repo so Banking sector will remain in pressure so remain on sell side, may be GIANTS(Banks & Broker house) increase price of banking shares like they did today but in 1 month it will be down so sell on Highs in Cash and in Future. Also dont buy realty sector as they shown weakness today with bounce also but in long term(2-3 weeks) all will go down, so let them make highs and remain on sell side.

Sell on HIgsh first then buys in dips when market try to go up.

For March 22...

Sell Syndibank 87 buy 85 or below (SL 88).
Sell ICICI bank 955-956 buy 940 or below (SL 958).
Sell Triveni 135.5 -136 buy 132 (SL 137).
Sell Polaris 173-174 buy 170 (Sl 175)
Cairn 284-285 buy 280 or below (SL 286)

For Nifty I had short on 5240 and 5200 will be easy to get on Monday so that time exit is required for safe profit.

Happy Trading to all of you..

Yes we can see a correction on monday as the Repo rate has been increased by RBI but I think mkt already discounted that news thats why it corrected earlier even after a good budget :thumb:
Time to break 5350 coming as people short tomm and mkt need huge short to break upside with short covering:thumb:
And on Cairn would say it is in range of 250-290 onc e it break 290-95 resistence 350 would be the first stand to shake hand with it but you know better as I am complete zero on TA and i write what i THINK

 

[praveen taneja]

Nifty is at a major resistance level

if on monday opens and sustains above the current level or a positive close on monday will take it to 5400 levels failing which will take support around 4960 range