Option Buy Recomendations

[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 4582
Support at 4453

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. Reco. to trade as per trend strategy posted in 1st post of this thread.

Regards

 

[bhallaji]

Dear Ghosh Sir,

I hold 4200 August Call at Rs. 147. LTP was Rs. 397. The markets are looking positive. I also have 4700 July Call at Rs. 84 LTP was Rs. 30. Should I continue holding the calls? When should I exit?

Regards,

Bhalla

 

[ghosh_ak34]

Dear Ghosh Sir,

I hold 4200 August Call at Rs. 147. LTP was Rs. 397. The markets are looking positive. I also have 4700 July Call at Rs. 84 LTP was Rs. 30. Should I continue holding the calls? When should I exit?

Regards,

Bhalla

Dear bhallaji,

Book profit in August 4200 Nifty Call and also make an exit from July 4700 Call as market is in over bought zone and a correction is on cards.

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 4492
Support at 4420

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. Reco. to trade as per trend strategy posted in 1st post of this thread.

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 4510
Support at 4300

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. Reco. to trade as per trend strategy posted in 1st post of this thread.

Regards

 

[abigbull]

Dear bhallaji,

Book profit in August 4200 Nifty Call and also make an exit from July 4700 Call as market is in over bought zone and a correction is on cards.

Regards

Hello Mr. Ghosh
always nice to see ur response , but here can u throw some light as to how it can be derived that the nifty has risen too fast too furious and its in the overbought zone and it may correct .... Any indication pattern or reason ?

Also it was said that the earning season is good and hence the stocks are rising ...

 

[ghosh_ak34]

Hello Mr. Ghosh
always nice to see ur response , but here can u throw some light as to how it can be derived that the nifty has risen too fast too furious and its in the overbought zone and it may correct .... Any indication pattern or reason ?

Also it was said that the earning season is good and hence the stocks are rising ...

Dear Abigbull,

Well there are more than one indicator which could tell about overbought or oversold zone. Say W%R for period =14. Another ways is to find it is:

When prices have moved too far and fast in either direction. Then its calculated based on a moving average of the difference between the number of advancing and declining issues over a certain period of time say weekly or monthly.

When above two i.e W%R and moving average method[Above 20 (Over bought zone] or below 80( Oversold zone)] stated above tend to agree then, we can say we are in overbought / oversold zone technically.

Its true market is moving up because of some positive qtr results and supporting global market. But we might see a sudden reversal any day from now as market is in overbought zone. We traders need to keep booking profits on daily basis.

Have taken W%R as I find it reliable.

Hope above helps.

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 4590
Support at 4482

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. Reco. to trade as per trend strategy posted in 1st post of this thread.

Regards

 

[earlydews]

where can i get help for trading in mini nifty futures

 

[ghosh_ak34]

where can i get help for trading in mini nifty futures

Dear earlydews,

You can use daily Res & supp. for Nifty to trade in MiniNifty as well.

There are many good threads in this forum in Future section.

Regards