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 4595
Support at 4510

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 Mr.Ghosh,
Thank you for your very useful insights. I have a doubt. What should be the size of a gap to look out for?

Dear huineng,

Please elaborate your question, I am unable to understand it.

Regards

 

[huineng]

"Sideways strategy is as under, applicable when R1~S1 <300 or >400.


If Nifty opens with gap up and remain above 20pts till 10:30AM - 10:45 AM buy calls at S1 "

This gap should be how big? That is my doubt. If it is only 1 or2 points also is it OK or should be more like 10 or more points? Please guide. Thank you.

 

[ghosh_ak34]

"Sideways strategy is as under, applicable when R1~S1 <300 or >400.


If Nifty opens with gap up and remain above 20pts till 10:30AM - 10:45 AM buy calls at S1 "

This gap should be how big? That is my doubt. If it is only 1 or2 points also is it OK or should be more like 10 or more points? Please guide. Thank you.

Doesn't matter how big the gap up or gap dwn opening is so far its bought following the strategy stated in 1st post its okay!

Regards

 

[abigbull]

Hello Ghosh Sir

Today 29-jul-09 the Nifty was about 4525 at 10.00 am and 4560 at 10.30 am
and with the Resistance and Supports mentioned to be
Resistence at 4595
Support at 4510

What should i ve done at 10.45 am . Is it that i buy the following for the day .

Call @ 4500 -aug ( whatever price ) &
Put @ 4600 -aug ( whatever price )

or if my understanding is wrong can u pls rectify it .......

 

[ghosh_ak34]

Hello Ghosh Sir

Today 29-jul-09 the Nifty was about 4525 at 10.00 am and 4560 at 10.30 am
and with the Resistance and Supports mentioned to be
Resistence at 4595
Support at 4510

What should i ve done at 10.45 am . Is it that i buy the following for the day .

Call @ 4500 -aug ( whatever price ) &
Put @ 4600 -aug ( whatever price )

or if my understanding is wrong can u pls rectify it .......

Dear Abigbull,

Daily support and resistence are for futures only and has nothing to do with weekly R1 and S1.

At 10:45 AM Nifty Spot is up 20pts so you could have bought 4500 Nifty Aug. call with SL=30% from CMP and so on.

Regards

 

[sibumajumdar]

Hello Ghosh Sir

Today 29-jul-09 the Nifty was about 4525 at 10.00 am and 4560 at 10.30 am
and with the Resistance and Supports mentioned to be
Resistence at 4595
Support at 4510

What should i ve done at 10.45 am . Is it that i buy the following for the day .

Call @ 4500 -aug ( whatever price ) &
Put @ 4600 -aug ( whatever price )

or if my understanding is wrong can u pls rectify it .......

Dear Abigbull,

Above R&S given for NF long or short and not for Put/Call. Option to be initiated if R1-S1= >300<400 only. moreover, as only 2 days are left for expiry no option trading shld be initiated. Mr Ghosh if i am wrong please correct me. Thanks

 

[ghosh_ak34]

Dear Abigbull,

Above R&S given for NF long or short and not for Put/Call. Option to be initiated if R1-S1= >300<400 only. moreover, as only 2 days are left for expiry no option trading shld be initiated. Mr Ghosh if i am wrong please correct me. Thanks

Dear SM,

Yes, its better to wait sometimes and let the expiry be over.

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 4592
Support at 4419

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

 

[sibumajumdar]

Dear SM,

Yes, its better to wait sometimes and let the expiry be over.

Regards[/Q

Mr Ghosh,

Thanks for ur comment. I have a few doubts. I hope u wont mind 2 clear it. Suppose previous week R1-S1 is <300>400, then will it be wise to trade during the week in OPTION even though dif is >20 or <20 at 10.30 AM? Your "SidewiseMkt Strategy" is only for Future trading or it can be used for OPTION trd also if Nifty price range within R&S u r daily providing for us. Can we check trend at
11.30, 12.30, 13.30, 14.30 and 3.00pm comparative to Spot Nifty at 10.30am for entering fresh trade for NF or Option ? Hope iam not bothering u with silly ?. My Age (59+) is not on my side hence bothering time 2 time as i want to learn a little bit from Masters like U & Seniors of this informative FORUM. THANKS.............SM