Nifty Key levels for day traders

[pkusingh]

Index -5,097 mkt may rebound with sl 5094

Index target-5127

 

[varun2504]

Thank you. Yes Agree with you. but it is protected till 4940 and 5260. though position will be loss beyond 5150 5050 range.

May be, max risk free premium has evaporated already. it was 175-180 3-4 days back. now down to 150. probably will go down little more.

but no fresh trade.

Linkon ji has already advised to

short april 4900PE
short april 5200CE then total points is 185

Now it is 174

 

[simple_trader]

Dear varun2504,

it is a similar strategy, current month options (5100 call put) would be giving more return in quick time.

Probably risk was the same in both.

regards

 

[linkon7]

Dear varun2504,

it is a similar strategy, current month options (5100 call put) would be giving more return in quick time.

Probably risk was the same in both.

regards

The objective of doing the next month is to avoid being bulldozed should NF decide to break one leg. The main advantage is that we can use 5100 call / put current month to hedge positions. We shifted 5200 to 5300 call of the next month on the day we hit 5145 and today booked the 5300 leg and left the 4900 put to die a natural death.

The nice part of doing next month is that we can take advantage of the liquidity. Like today, we never tested the trend decider (5093) in the morning and that helped us cover the 5300 almost at the low of the day and then book the 4900 soon after. Towards the end, we again shorted 4900 put of the next month and caried them naked for the next week...:thumb: we expect 4900 to give another 15-18 points atleast....

 

[simple_trader]

The objective of doing the next month is to avoid being bulldozed should NF decide to break one leg. The main advantage is that we can use 5100 call / put current month to hedge positions. We shifted 5200 to 5300 call of the next month on the day we hit 5145 and today booked the 5300 leg and left the 4900 put to die a natural death.

The nice part of doing next month is that we can take advantage of the liquidity. Like today, we never tested the trend decider (5093) in the morning and that helped us cover the 5300 almost at the low of the day and then book the 4900 soon after. Towards the end, we again shorted 4900 put of the next month and caried them naked for the next week...:thumb: we expect 4900 to give another 15-18 points atleast....

Yes, you are good at trading in intra-day, so you can reduce risk in the position by trading it.

As soon as you gave the trading strategy of April 4900PUT and 5100 CALL write, I appreciated it. In fact, all your calls are good and practical.

 

[server2712]

Today's trend decider will be 5118 + or -3.

This is my personal view just for education purpose only.:thumb:

 

[linkon7]

today's trend decider is 5110

 

[scplindia]

are you suggesting that trading below 5110 will result in more downside.

 

[scplindia]

lot of SL at 5090, I think the market manpulators will force the SL to be hit and will bounce back from 5080 levels.

 

[scplindia]

similarly lot of SL at 5145 to 5150. for shorts,