Trading with PT style

[praveen taneja]

I feel 5130-50 will be max upside then it will slide towards 4800.
Not sure it will touch 4800. But this week's close will be lower than last week's close...

I am thinking of initiating rangebound statergy by selling 5000 call+ Put @275.
Currently it is at 263. If market goes above 5100 then only I will be able to get my desired price... Let us see..

LIONHEART:clapping::clapping::clapping:
below 5020 I think u wont get a chance to save sl so pls keep an eye as in first 10 days time decay wont matter only volatality would play:thumb:

 

[praveen taneja]

On very auspicious day of Ganesh Chaturthy I pray To Lord Ganesh that he give all of us fortune blessings good health and spirituality with wisdom to know what is good and what is bad for us
Jai Ganesh Deva

 

[praveen taneja]

Nifty
pivot points
r1-5094 r2-5122 r3-5166
pivot-5049
s1-5022 s2-4978 s3-4950
moving averages
sma-7: 4945.21 sma-13: 5007.02 sma-26: 5104.18 sma-50: 5188.98 sma-200: 5001.29
ema-12: 5002.57 ema-26: 5069.07 ema-50: 5107.74 ema-200: 4895.12 macd: -66.50
banknifty
pivot points
r1-9393 r2-9473 r3-9561
pivot-9304
s1-9224 s2-9135 s3-9055
moving averages
sma-7: 9121.14 sma-13: 9312.28 sma-26: 9496.12 sma-50: 9474.38 sma-200: 8812.07
ema-12: 9260.11 ema-26: 9367.32 ema-50: 9352.33 ema-200: 8635.89 macd: -107.21
nb:-r=resistance s=support

 

[praveen taneja]

If nifty not crossing 5049 can create panic and which will take nifty to 5006--4996+++!!!

 

[hiteshsjoshi]

If nifty not crossing 5049 can create panic and which will take nifty to 5006--4996+++!!!

Are you talking about NF bro....since NS is above 5050 for the most part of today....

 

[praveen taneja]

The Chinese Premier warns that the global economy remained vulnerable to sovereign debt risks and the possibility of a second downturn, but says his own country's growth is on track.china`s president statement of double dip possible responsible for china`s mkt fall now -63

 

[rrmhatre72]

Nifty in negative.... Sensex in positive...
Who will win at the end of the day?

 

[rajputz]

Apne tab bacha liya praveen bhai...

 

[rrmhatre72]

Nifty futurers are continuously in discount of Rs25-30.
Is it the inidcation of big fall in coming days

 

[praveen taneja]

Nifty futurers are continuously in discount of Rs25-30.
Is it the inidcation of big fall in coming days

just play volatality when dis reach 40 enter long and enjoy short covering and when reach 15-10 wait for it coming in prem But in june every rally is for sell today took 5000 put around when i told rajput bro that it wont cross 5100 an d book with good profit:clap:
Jai Ganesh Deva