Option Buy Recomendations

[ghosh_ak34]

Dear All,

For Nifty Future traders who would like to trade as per trend check strategy posted in 1st post of this thread, Nifty levels for 2nd Dec. 2008 (Tuesday) are as under:

Resistence at 2727
Support at 2630

If you go short 1 lot then, buy 1 lot at money or near money call and if you go long 1 lot then, buy 1 lot at money or near money put to hedge. It seems tomorrow we will see a gap down opening. It seems tomorrow Nifty will fall, it might go to oversold region and it might bounce back from there so its reco. to square off all your shorts before you call it a day tomorrow.

Regards

 

[ghosh_ak34]

Dear All,

For Nifty Future traders who would like to trade as per trend check strategy posted in
1st post of this thread, Nifty levels for 3rd Dec. 2008 (Wednesday) are as under:

Resistence at 2680
Support at 2600

If you go short 1 lot then, buy 1 lot at money or near money call and if you go long 1 lot
then, buy 1 lot at money or near money put to hedge. It seems tomorrow we will see a flat opening. Will reco. to trade with caution.

Regards

 

[ghosh_ak34]

Dear Friends,

For Nifty Future traders who would like to trade as per trend check strategy posted in
1st post of this thread, Nifty levels for 4th Dec. 2008 (Thursday) are as under:

Resistence at 2675
Support at 2610

If you go short 1 lot then, buy 1 lot at money or near money call and if you go long 1 lot
then, buy 1 lot at money or near money put to hedge. It seems tomorrow we will see a flat opening. Nifty will struggle to move up tomorrow. Will reco. you to square off all your open positions by EOD.

Regards

 

[Siladiya]

Hi All,

I am very much new in option trading. Could someone please help me out to guess on tomorrow's trend?

Thanks,
Siladtya

 

[ghosh_ak34]

Dear All,

Today was a good day for Nifty traders.

For Nifty Future traders who would like to trade as per trend check strategy posted in 1st post of this thread, Nifty levels for 5th Dec. 2008 (Friday) are as under:

Resistence at 2840
Support at 2750

If you go short 1 lot then, buy 1 lot at money or near money call and if you go long 1 lot then, buy 1 lot at money or near money put to hedge. It seems tomorrow we will see Nifty moving sideways.If Nifty moves further up then, it will soon enter overbought zone so reco. to trade with caution.

Regards

 

[VJAY]

Hi All,

I am very much new in option trading. Could someone please help me out to guess on tomorrow's trend?

Thanks,
Siladtya

Hi,
Go to first page in this thread.You will get an wonderfull method and give only an THANKS to Ghosh sir.
Regards
VJAY

 

[srichakra]

Dear Ghosh,

Thanks for a wonderful thread and the patience in answering all the memebers doubts.
I Read the post no 1 and few questions that I have on it and would like you to clarify at your convenienttime.
1. When you say weeks high low and close, do we take last week numbers for current week.
2. Is your reference to Nifty on spot or future basis.
3. I tried using the same formula as in post 1 and got s1 as 2654 and R1 as 2831 using the high low and close as 2810/2633/ 2754 of the last week. Am I correct in doing this.
4. How do we use the data for trade decisions for tuesday to friday. I guess some more clarity is needed for new commers.

It would be a suggestion, that one of followres of this thread can take up the task of doing a walk through of the process using live data and working out the Support and res levels so that many more members can follow and understand. If somebody has the time to post the trades they do using this system, it will be a great education for all.

Thanks in advance for all your time and patience.

Sri

 

[moneydada]

I have 2 lot nifty ce at strikeprice 3050 at 45 rs
by only guess work i have done this can any one help me whether it is good option or bad

 

[ghosh_ak34]

Dear Ghosh,

Thanks for a wonderful thread and the patience in answering all the memebers doubts.
I Read the post no 1 and few questions that I have on it and would like you to clarify at your convenienttime.
1. When you say weeks high low and close, do we take last week numbers for current week.
2. Is your reference to Nifty on spot or future basis.
3. I tried using the same formula as in post 1 and got s1 as 2654 and R1 as 2831 using the high low and close as 2810/2633/ 2754 of the last week. Am I correct in doing this.
4. How do we use the data for trade decisions for tuesday to friday. I guess some more clarity is needed for new commers.

It would be a suggestion, that one of followres of this thread can take up the task of doing a walk through of the process using live data and working out the Support and res levels so that many more members can follow and understand. If somebody has the time to post the trades they do using this system, it will be a great education for all.

Thanks in advance for all your time and patience.

Sri

Dear Sri,

Below is the answers to your queries:

I Read the post no 1 and few questions that I have on it and would like you to clarify at your convenienttime.
1. When you say weeks high low and close, do we take last week numbers for current week.
Ans: I take last weeks data starting Mon-Fri to trade in current month.
2. Is your reference to Nifty on spot or future basis.
Ans : Nifty spot only
3. I tried using the same formula as in post 1 and got s1 as 2654 and R1 as 2831 using the high low and close as 2810/2633/ 2754 of the last week. Am I correct in doing this.
Ans: Take Nfty spot price from Mon-Fri and do the cals.
4. How do we use the data for trade decisions for tuesday to friday. I guess some more clarity is needed for new commers.
Ans: Just use the R1 and S1 calculated using previous weeks data (Mon-Fri) to trade in current week.

Regards

 

[ghosh_ak34]

I have 2 lot nifty ce at strikeprice 3050 at 45 rs
by only guess work i have done this can any one help me whether it is good option or bad

Dear Moneydada,

Please try to exit from 3050 CE. Nifty is in overall bearish mode, 3000 level is not going to be crosses in a hurry.

Regards