Option Buy Recomendations

[ghosh_ak34]

market opened on resistance levels and crossed it upto 5360 levels. booked 15pts on the long side.....at 1.20PM it came back to the resistance level of 5340 levels (5343). as the resistance was broken in morning, should i go long here again as the resistance will now provide support? but the trend checking strategy is saying there is no trend. as no 20pts movement in last 2 hours.

Ghosh, can u pls guide, how u will trade this

anyway, as i am not clear, no trade for me now. doing a paper trade long at 5345. SL 5335. below that reverse the trade......... lets c

You did the right thing. No trend as per trend check so no 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 tomorrow are as under:

Resistance at 5380
Support at 5335


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 check strategy posted in 1st post of this thread.

Regards

 

[chander_rb]

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:

Resistance at 5380
Support at 5335

Regards

Dear Mr. Ghosh,

A wonderful post. :thumb:

Though I am not able to catch up with Traderji regularly, I chanced upon your this post recently. Found it interesting. Read thro' your first few threads and need two clarifications (in spite of reading your first thread, I have these doubts). Will be much obliged if you could clarify.

1. In your first thread you have said that the Resistance/Support is based on last weeks prices and is applicable for the entire next week .... or I have misunderstood.

Yet, everyday, you are giving new resistance/support levels ? Do it mean that resistance/support levels are based on the last five consecutive trading days and is to be updated at the end of every day?

Dear Friends,


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 check strategy posted in 1st post of this thread.

Regards

2. What do you mean by saying if you go short 1 lot then, buy 1 lot at the money or near call to hedge etc.......

Does it mean that based on the trend if I think the market is going up and buy 1 call at the support, then I should also immediately buy a put call at ATM? Then, when do I square up the hedge? Do I retain the hedge even if the market up favourably. Isn't my profit going to reduce if I continue to hold the hedge?

But your first thread says that we buy either a call or put at the support/resistance level based on the trend direction and we hedge only if the trade goes against that direction.


I would appreciate your feed back on this please.

Thanks & regards

Balachander.

 

[ghosh_ak34]

Dear chander_rb,

Daily support and resistance are for future trading with hedge. And 1st post talks of weekly resistance R1 and Support S1.

With daily support and resistance we either go short of long depending on the trend check strategy posted in 1st post. When we go long in Nifty we buy an ATM or near money put so as to hedge our position. Same is true with short NIfty and buy near or AT money call.

We make profit when Nifty moves up and when this ATM or near money call/put becomes OTM. Being OTMs these calls/put doesn't fall much so when we square off both Nifty future and OTM call/put be end up in profits.

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:

Resistance at 5420
Support at 5362


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 check strategy posted in 1st post of this thread.

Regards

 

[v2kindia]

for 13th july Ghosh levels are

Resistance at 5420
Support at 5362

and the actuals are

high is at 5421
and low is 5358.60

:thumb: :clap:

 

[ghosh_ak34]

Dear Friends,

Sorry, missed yesterday's post. Being busy with official stuff.

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:

Resistance at 5430
Support at 5339


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 check strategy posted in 1st post of this thread.

Regards

 

[chander_rb]

Dear chander_rb,

Daily support and resistance are for future trading with hedge. And 1st post talks of weekly resistance R1 and Support S1.

With daily support and resistance we either go short of long depending on the trend check strategy posted in 1st post. When we go long in Nifty we buy an ATM or near money put so as to hedge our position. Same is true with short NIfty and buy near or AT money call.

We make profit when Nifty moves up and when this ATM or near money call/put becomes OTM. Being OTMs these calls/put doesn't fall much so when we square off both Nifty future and OTM call/put be end up in profits.

Regards

Dear Mr. Ghosh,

Thank you for the reply.

Balachander.

 

[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:

Resistance at 5410
Support at 5350


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 check 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:

Resistance at 5422
Support at 5375


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 check strategy posted in 1st post of this thread.

Regards