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:

Resistance at 5900
Support at 5810

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

 

[rrmhatre72]

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 5900
Support at 5810

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

Hi Ghosh,

pls help me in clearing my doubt.
As per your 1st post we need to check trend at perodic interval & take the position accordingly.
How to corelate daily R1 & S1 levels given by you(as per above post) in that?
lets assume if today market is @5870 on 9.05am & it moves up to 5891 on 9.30am. As per trend, We have to initiate long position but at the same time daily resistance is @5900. Should we initiate trade in this case?
Just want to understand how to corelate trend as per firts post & daily R1,S1 levels.

 

[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 5900
Support at 5790

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]

Hi Ghosh,

pls help me in clearing my doubt.
As per your 1st post we need to check trend at perodic interval & take the position accordingly.
How to corelate daily R1 & S1 levels given by you(as per above post) in that?
lets assume if today market is @5870 on 9.05am & it moves up to 5891 on 9.30am. As per trend, We have to initiate long position but at the same time daily resistance is @5900. Should we initiate trade in this case?
Just want to understand how to corelate trend as per firts post & daily R1,S1 levels.

The daily resistance / support would help one to decide on going with the position. As risk of going long near resistance level increases, likewise going short near suport level also increases.

Well one can also take positions after the breach of resistance/support depending on your risk appetite.

Regards

 

[aniket_tyagi]

Market must consolidate at 5750, 5800 or 5840 levels. So, if it shoots up, it will not sustain. yesterday was some nervousness. I am not sure where it will consolidate but I'll do short at top, long on support. That's strictly intra day. I can't carry it next day.
Uptrend is over (at least in extremely short term). Wait for clearer trends (and maybe levels for taking positions.

 

[aniket_tyagi]

Was confused. I believed 5900 was resistance. Didn't short as market remained strong and no downtrend at all.
Europe opened strong, then Got long as market was strong. bought 6000 calls.

 

[ghosh_ak34]

Was confused. I believed 5900 was resistance. Didn't short as market remained strong and no downtrend at all.
Europe opened strong, then Got long as market was strong. bought 6000 calls.

Dear Aniket,

Have you hedged your positions. We should always hedge our positions by EOD on safer side.

FIIs are putting money and normally they don't put money for small gains. We might expect another 150-200 points rally in Nifty from here.

But we should keep ourselves hedged, as we never know how things will turn out.

Regards

 

[$ashpats$]

Dear Frends
Can anyone guide me please.
I had bought Tata Steel Futures @ 613 on Friday.
It closed at 605/- Is there any posibility of Tata Steel to increase.
What is market outlook on monday 20/09/10. Is it positive ?
Do you think this week Nifty will reach 6000.

Please revert.

Thanks :clap:

AshPats

 

[ghosh_ak34]

Dear Frends
Can anyone guide me please.
I had bought Tata Steel Futures @ 613 on Friday.
It closed at 605/- Is there any posibility of Tata Steel to increase.
What is market outlook on monday 20/09/10. Is it positive ?
Do you think this week Nifty will reach 6000.

Please revert.

Thanks

AshPats

Tata Steel is struggling to move up, you might get your price for an exit on Monday.
As said earlier, Nifty might keep its upmove intact, traders need to be suitably hedged by EOD.

Regards

 

[RAGHUERK]

Hello friends,

I require your valuable guidance. I am holding NIFTY Options 6100 September series @ 8.35 and NIFTY Options 6000 October series @ 60.25. What should I do. Should I hold it till expiry or sell it at the current price. Your valuable suggetions are welcome.

Thanks in advance.

Regards,

RAGHUERK