Option Buy Recomendations

[dhinakar113]

Hi Ghosh Sir,

Nifty S1 R1 Levels for next week :
(Kindly correct me if i am wrong)

2919
s1 = 2x2919-3007=2831
R1 = 2x2919-2860=2978

R1-S1=147

So i guess, i sideways strategy again.

Kindly guide,

Awaiting your response,


Thanks & Regards,
Optionstrader

Dear OptionTrader,

I think as per my caculation it is coming as below.

WH - 3241 WL - 2860 WC - 2973

P - 3025 R1 - 3190 S1 - 2809 R1 ~ S1 : 381 > 300 & < 400

So it is as per normal trade for next week, with R1 - 3200 and S1 - 2800

Pl confirm this Mr. Ghosh Da, or correct me if I am wrong.

Regards,
Dhinakr113

 

[optionstrader]

Hi Dhinakr113,

Maybe you are right.
Actually i am confused now.

But i surely hope that your calculations are correct,
coz it is very difficult to trade with sideways strategy.

The normal strategy is the best.

Awaiting Ghosh Sir's, levels.

Thanks & Regards,
Optionstrader

 

[mfire]

Hi
I reached to the calculations as bellow,
High = 3241
Low = 2860
Close = 2973
Pivot = 3025
R1 = 6050 - 2860 = 3190
S1 - 6050 - 3241 = 2809
R1- S1 = 381
so we can work for next weak as per normal stratagey.
Mfire.

 

[vagdwd]

Ghosh sir, I am holding 2800 puts @ 125 and 2300 puts @ 35 hoping for nifty to go down. Now when i see europe and american indices for friday eod, its very disappointing that my buys will be in loss next week. Do you think bear is still alive?

 

[kvram]

dear dhinakar my levels for next week is same ,Thank you

 

[pkamalesh]

Ghosh Sir , I have BOUGHT A STRANGLE

I bought 500 ( 2500 P and 3500 C ) Total Cost : 110

and since nifty is @ the same place from last 2 days the premium decayed to 75 now

Based on your exp , what you think will we get 3400 - 3500 / 2500 - 2600

in Nifty in November ????

Or should I book my loss when it comes near cost 90 - 100 ???

Plzz help i know i made a mistake by making strangle with 1000 range, now whats the way out of this trade ??? any strategy suggestions

Thanks
Rahul

Rahul i too think the range is a bit on the higher side...both on the calls and puts you are on the higher side..try minimizing your straddle and book quick profits....the market will not give you such great movements my friend....anyways....try to save your capital and trade wise buddy...

 

[ghosh_ak34]

Dear All,

For the week starting Mon - Fri. R1= 3200 and S1=2800 and R1~S1 = 381, which is within [300,400) so will reco. to trade with normal strategy. TA says that we will continue see a struggle between bears and bulls next week. Currently Nifty is not any direction. There is a strong resistence around 3170 - 3200 levels. If Nifty manages to stay above 3170 for 2-3days then, we might see some upswing upto 3400. Overall market is still bearish.So, trade with lots of caution.

Regards

 

[ghosh_ak34]

SIR today at 10.30 to 10.45 nifty was not giveing any up or down move .so i decide not take any chance .i was right or worng .

Dear Tomdickpary,

You did the correct thing by not taking any position as Nifty has not shown any trend at 10.30/10:45 AM.

Regards

 

[ghosh_ak34]

Hi Ghosh Sir,

Nifty S1 R1 Levels for next week :
(Kindly correct me if i am wrong)

2919
s1 = 2x2919-3007=2831
R1 = 2x2919-2860=2978

R1-S1=147

So i guess, i sideways strategy again.

Kindly guide,

Awaiting your response,


Thanks & Regards,
Optionstrader

Dear OptionTrader,

I think as per my caculation it is coming as below.

WH - 3241 WL - 2860 WC - 2973

P - 3025 R1 - 3190 S1 - 2809 R1 ~ S1 : 381 > 300 & < 400

So it is as per normal trade for next week, with R1 - 3200 and S1 - 2800

Pl confirm this Mr. Ghosh Da, or correct me if I am wrong.

Regards,
Dhinakr113

Dear Dhinakr113,

Your calculations are correct.

Regards

 

[ghosh_ak34]

Ghosh Sir , I have BOUGHT A STRANGLE

I bought 500 ( 2500 P and 3500 C ) Total Cost : 110

and since nifty is @ the same place from last 2 days the premium decayed to 75 now

Based on your exp , what you think will we get 3400 - 3500 / 2500 - 2600

in Nifty in November ????

Or should I book my loss when it comes near cost 90 - 100 ???

Plzz help i know i made a mistake by making strangle with 1000 range, now whats the way out of this trade ??? any strategy suggestions

Thanks
Rahul

Dear Rahul,

I have suggested some traders to write Nifty 2500 puts and 3500 calls and it worked for them. Now, since you are already into it, and with Nifty not suggesting any direction so better try an exit and buy calls S1=2800 and puts at R1=3200 as per strategy posted in 1st post.

I think in Oct. Nifty will keep on struggling to move up. Watch out for 2820 on down side and 3170 on higher side carefully.

Regards