Option Buy Recomendations

[tomdickpary]

dear tom.....ghosh sir has already clarified this before that we do not trade odd numbered strikes like 2650 and 2850...so we close it up to the nearest even number..

Therefore 2847 woul be 2800 and 2569 would be 2600....

Hope its clear for you now..cheerz

thanks brother . If u dont mine can i ask u how meny time u use gosh sir starteagy .and how is ur expirence about it . Pls tall me frienkly .

 

[ghosh_ak34]

Dear Ghosh,

I have been following this thread only for the past few days and got the feeling that there is a good startegy to be understood and learnt for trades.
Just because of my intrepretation, do not stop something which you have been doing, which may be usefull to many of the thread followers.

Let me know, if there is any way that i could contact you to understand this better.
Thanks and continue what is going on.

Dear Srichakra,

Okay! Will continue with what I was doing, was thinking of coming up with a new thread on futues, but found tracking that too will demand more time.

You can contact me at my yahoo messenger my id is <traderji id> @ yah00.c0m

Regards

 

[ghosh_ak34]

DEAR GURU JI

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

WH - 2843 WL - 2565 WC - 2711

P - 2706 R1 -2847 S1 - 2569 R1 ~ S1 : 278 < 300 <400

for next week, with R1 - 2847 and S1 - 2569

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

Regards,

Dear Tomdickpary,

Your calcs are incorrect. Please use Nifty spot weekly prices starting last week Mon-Friday to calculate the R1 and S1 for coming week starting Mon.

WH= 2833
WL= 2671
WC= 2714.4
2WP= 5478.933333
calculated R1= 2807.933333
calculated S1= 2645.933333
Diff= 162
So R1= 2800 and S1=2600 the nearest 100 will be taken as R1 and S1 for trading.

Regards

 

[pkamalesh]

thanks brother . If u dont mine can i ask u how meny time u use gosh sir starteagy .and how is ur expirence about it . Pls tall me frienkly .

Dude i use it every day...hold on to my position upto friday and get out only on friday...its an excellent method....

 

[ghosh_ak34]

Hello Sir,
Is their any way we can found long term nifty direction may be for 15-30 or 45 days.
Subrata

Dear Subrata,

Well you can use charts to get the view on Nifty direction for next few days to some extent.

There are some threads in traderji which could help you in understanding technicals and do TA.

Regards

 

[ghosh_ak34]

Dear Friends,

For Nifty Future traders who would like to trade as per trend check strategy posted in 1st post of the thread, Nifty levels for 8th Dec. 2008 (Monday) are as under:

Resistence at 2750
Support at 2675

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.

Regards

 

[ghosh_ak34]

Thanks ,Sir if instead of Buying Call we write Put ,is'nt it the same but we get time decay in our favour,kindly explain this to a novice.

Dear Mitu.Roy,

Yes, you can do that but will reco. you to write puts at S1-100=2500 or S1-200=2400 and write calls at R1+100=2900 or R1+200=3000 or a comination of these. Before you and write these options use option calculator to calculate the risks/profits.

Will always reco. you to do paper trading the strategy for 3 months in a row and only when you are getting profit out of it, you start taking real trade.

Regards

 

[ghosh_ak34]

Dear Friends,

For Nifty Future traders who would like to trade as per trend check strategy posted in 1st post of the thread, Nifty levels for 10th Dec. 2008 (Wed.) are as under:

Resistence at 2810
Support at 2760

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 going downward again.

Regards

 

[pkamalesh]

dear friends,

for nifty future traders who would like to trade as per trend check strategy posted in 1st post of the thread, nifty levels for 8th dec. 2008 (monday) are as under:

Resistence at 2810
support at 2760

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 going downward again.

Regards

yes ghosh sir...im expecting a fall through december..i have exited all my longs..just sitting on shorts now....and a few small calls to hedge it with..

 

[debdeeps]

Dear Friends,

For Nifty Future traders who would like to trade as per trend check strategy posted in 1st post of the thread, Nifty levels for 8th Dec. 2008 (Monday) are as under:

Resistence at 2810
Support at 2760

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 going downward again.

Regards

Dear Ghoshda,
Terribly confused Why Nifty levels for 8th Dec, Today (9th Dec)? By the way today market is closed. Pls clarify.