Option Buy Recomendations

[ravibob007]

Ghoshji ,Market closing above 2900 for two consecutive days ,is it signaling something ? Whats ur opinion for this expiry ?

 

[debdeeps]

Ghoshji ,Market closing above 2900 for two consecutive days ,is it signaling something ? Whats ur opinion for this expiry ?

It's three actually, Mkt closed above 2900 for the last three days.

 

[ghosh_ak34]

It's three actually, Mkt closed above 2900 for the last three days.

For another 2-3 days above 2900 close might say us that we are in for some intermidiate up trend.

Regards

 

[ghosh_ak34]

Dear Friends,

For the week starting Mon-Fri R1=3000 and S1=2800. As R1~S1 is outside [300,400) range so will reco. to trade with sideways strategy posted in 1st post of this thread.

It seems we might see a dip in Nifty around wednesday/Thrusday.

On the otherhand, Nifty should close above 2900 for another 2-3 days for an intermediate uptrend to continue for a while.

Will reco. not to keep any postion open by EOD.

Regards

 

[sumitro]

Thanx dada great post need to go through all the thread prior to start option trading.

 

[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 tomorrow are as under:

Resistence at 2960
Support at 2885

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

So far Nifty has managed to close above 2900, if it manages to close above 2900 with volumes for another 2-3days then, we might see some upside.

But TA suggets that we might see tomorrow sideways movement and Nifty will try to move up in general.

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 tomorrow are as under:

Resistence at 3020
Support at 2943

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

So far Nifty has managed to close above 2900, if it manages to close above 2900 with volumes for another 2 more days then, we might see some upside may be till 3100 levels.

It seems Nifty will be sideways tomorrow and it might show some weakness towards the end.

Regards

 

[ghosh_ak34]

Dear Friends,

If you are Nifty option writer then, you can write :

Jan 3200 call yesterday closed at 104.5 (R1 + 200)
Jan 2600 put yesterday closed at 80.2 (S1- 200)

Profit potential till Jan expiry could be infinity
Loss potential till Jan expiry could be Rs 2600 per lot

Lower Break even at 2415.30
Upper Break even at 3384.70

I have used optionsoracle to calculate above.

Regards

 

[ag_fx]

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 tomorrow are as under:

Resistence at 3020
Support at 2943

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

So far Nifty has managed to close above 2900, if it manages to close above 2900 with volumes for another 2 more days then, we might see some upside may be till 3100 levels.

It seems Nifty will be sideways tomorrow and it might show some weakness towards the end.

Regards

I have a small question sir,

According to your first post, we consider High And low of last week to enter into trades.
Does that mean starting on Mionday, whatever High and Low of previous week must have been would remain the same for the coming week throughout?

Or is it that we update Hi and Lo taking into consideration one week back from current day. Like, if we are looking to trade on 17 Dec, would we consider Hi & Lo from 8-DEC to 12DEC or from 10-DEC to 16 DEC.

Pls clarify.
thanks

 

[ravibob007]

Hi Ghoshji , Need your advice .I am stuck in 3000 dec puts ,sitting on huge losses , i am willing to wait till expiry , whats ur opinion ,will i get some dip to exit at decent losses ?