Trading with PT style

[praveen taneja]

taken may 4900 put at 4.50 and call 5000 at 1.2 net game cost 350R lets see

 

[praveen taneja]

out of call at 2.85 now have put with cost 4 lets see

 

[rrmhatre72]

Will market able to break 200DMA? ~4980...
Or is it good time to create short position??
June Expiry lower than May? Or higher than may?
Everybody, Pls post your opinion......

 

[nimish_rulz]

Will market able to break 200DMA? ~4980...
Or is it good time to create short position??
Everybody, Pls post your opinion......

Spain and Greece turned negative. Europe might not hold the upmove for long.

 

[simple_trader]

Will market able to break 200DMA? ~4980...
Or is it good time to create short position??
June Expiry lower than May? Or higher than may?
Everybody, Pls post your opinion......

You have to take your own decision. Only thing, we can avoid is when market falls become too bearish.

I am not saying this will happen tomorrow. However, this is how market tend to trap short. One fine day it gaps up and open above 200 DMA and it does not come back below it. Then it forces short covering and people to long as well.

We can not rule out any situation in market.

Expiry day today, volatile today. may increase towards the end.

Happy trading.

 

[aditya14]

i would short tomorrow`s gap up aggressively

 

[spiritunit]

i would short tomorrow`s gap up aggressively

Why you go short, since its a gap up (not gap down) opening? Do you believe after gap up opening, it will fall?

 

[nimish_rulz]

i would short tomorrow`s gap up aggressively

I would not do that If I were you there are rumours of big announcement this long weekend in Europe about maybe the first no setlized QE to save the banks and that would make the markets rally. Buying has been broad based in Germany and FTSE and strength is evident from the volumes. I will wait till tuesday that is when the european markets open. Nifty also looks good now. Activity by FIIs and DIIs is very high. FIIs are buying derivatives position and building on it for the uncertainity

 

[rrmhatre72]

i would short tomorrow`s gap up aggressively

Nasdaq up ~3.7%. Dow above 10200.
Nifty close is anyway avove 5000.... above 200sDMA..
Asian market up 1.5%... which may result in consecutive second day close above 5000......
As per me no clear direction today. Any positions created should be squared off today... Take a fresh look on Monday to take final decision....

 

[praveen taneja]

Bad news > india Monsoon Arrival Said to be Delayed After Cyclone Laila
I am on 4900 put june from 90.50 cmp is 96 tgt 99.95 at least