Nifty Key levels for day traders

[varun2504]

i am holding 5200 pe and 5400 ce at premium of 25 what should i do ?

any suggesions linkon ji

bcoz expected a big move today

 

[trader.trends]

i am holding 5200 pe and 5400 ce at premium of 25 what should i do ?

any suggesions linkon ji

bcoz expected a big move today

We are only half way through the day.

 

[linkon7]

Varun,
If follow up is missing after a move... it becomes difficult to trade...

EOD looks bullish
so i bot 5300 call may at 129 and
sold 5300 call april for 50...
problem again is the lack of momentum on either direction...

did u buy 5200 put , 5400 call of April or May series ...?

 

[varun2504]

thank u sir
both of this April series

 

[linkon7]

thank u sir
both of this April series

I would Square both of them off... there is nothing left...
in the next 3 days we need to move 100 points either way..for u to make money..

 

[varun2504]

sold both of them at a premium of 18 sir

 

[trader.trends]

thank u sir
both of this April series

Calculate your brokerage and see what you will get if you sell now. If it is nothing much then you can hold it and see for a better price in the next three days. Anyway nothing much to lose.

 

[kkeskar92]

Nifty ranged between 5335 to 5310 range today with stiff resistance at 5330-5335.

There is a bearish bat patten on 1 hr Nifty chart the targets are 5270 and 5250 if this pattern holds.
If Nigty trades above 5340-5350, this pattern is assumed to fail and then would test 5375 and 5400.

5335 would be the level to watch tomorrow.

 

[linkon7]

Calculate your brokerage and see what you will get if you sell now. If it is nothing much then you can hold it and see for a better price in the next three days. Anyway nothing much to lose.

that would be expecting a 124 points fall or 100 point rise... to make some profit...
Not a very wise expectation...i guess

 

[trader.trends]

that would be expecting a 124 points fall or 100 point rise... to make some profit...
Not a very wise expectation...i guess

Linkon
What you say seems credible at first sight. Is it right to expect such a wild move in the last three days of expiry? Here are the figures for 2009. I looked at how much did Nifty futures move from Expiry-three days close to Expiry. Almost from say Monday's close to Expiry. The figures are in % move irrespective of direction. Some are positive moves and some negative. I have taken the absolute moves which is what matters in the expiry week.

Jan 6.11
Feb 1.85
Mar 4.7
Apr 0.02
May 2.47
June 0.37
July 0.11
Aug 1.12
Sep 0.09
Oct 4.45
Nov 1.89
Dec 0.49

In 2010
Jan 2.49
Feb 0.35
Mar 0.84

As you can see 7 out of 15 times we had an almost 2%+ moves. Some data to help us trade the expiry week.