Option Buy Recomendations

[tomdickpary]

DEAR GURU JI

I think as per my caculation it is coming as below.

WH - 3178 WL - 2770WC - 2809

P -2919 R1 -3068 S1 -2660R1 ~ S1 : 408 > 300 & = 400

So it is as per normal trade for next week, with R1 - 3068 and S1 - 2660

Pl confirm this Mr. Ghosh SIR , or correct me if I am wrong.

Regards,

 

[ghosh_ak34]

DEAR GURU JI

I think as per my caculation it is coming as below.

WH - 3178 WL - 2770WC - 2809

P -2919 R1 -3068 S1 -2660R1 ~ S1 : 408 > 300 & = 400

So it is as per normal trade for next week, with R1 - 3068 and S1 - 2660

Pl confirm this Mr. Ghosh SIR , or correct me if I am wrong.

Regards,

Dear All,

For the week starting Mon-Fri R1= 3100 and S1=2700. R1~S1 is within range [300,400) so trade as per normal strategy stated in 1st post of this thread.

You can buy more no. of puts than calls this week. Buy atleast 3-4 puts at R1 and atleast 1-2 calls at S1 as per "Trend Check Strategy" stated in the 1st post of this thread.

Watch out for 2750/2700 on lower side, if 2750 is breached then, we might see 2400-2500 levels. We might see a sudden re-bounce from these levels so be careful. Will reco. daily square off of all your open positions.

Regards

 

[praveen taneja]

sir want to know one thing if at 10.30 trend show >20 ok
I bought a put at R1 and if at 12.30 trend change as there is lots of volatality
and at 12.30trend is <20 so i bought a call at S1
and again at 3.00pm if trend is >20 i hav to buy put n hedging at 3.15 means buying a call n leaving all for next day with 30% SL
next day i hav to wait frst from exit from trade in which i m trapped
and wat if that day is friday should i hav to carry trade for monday or hav to book loss in them instead of hedging?????
sorry for my ignorance and thanx in advance

 

[ghosh_ak34]

sir want to know one thing if at 10.30 trend show >20 ok
I bought a put at R1 and if at 12.30 trend change as there is lots of volatality
and at 12.30trend is <20 so i bought a call at S1
and again at 3.00pm if trend is >20 i hav to buy put n hedging at 3.15 means buying a call n leaving all for next day with 30% SL
next day i hav to wait frst from exit from trade in which i m trapped
and wat if that day is friday should i hav to carry trade for monday or hav to book loss in them instead of hedging?????
sorry for my ignorance and thanx in advance

Dear Praveen,

Request you to read the 1st post of this thread again.

You are doing the reverse altogether. If at 10:30 trend shows >20, means its up trend so you need to buy a call at S1 not put at R1. and likewise at 12:30 if trend is <20 means you need to buy put at R1 as trend is down, not buy call.

I never recommend to carry trade to next week. Square off all your open positions on Friday and trade with new R1 and S1 starting Mon-Fri.

Regards

 

[ka2931]

Added you too in YM.

Regards

Dear Ghosh Sir,

With due respect I want to know the meaning of YM and interested to learn more about the option and TA. And as the option price/premium is directly regulated by the movement of the underneath scrip,technical analysis is the most vital thing to learn.I'm trying hard to learn TA Sir,want to know which TA software-Metastock or AdvanceGate to follow or to follow a simple one? How Elliot Wave theory can explain this market condition technically? I would be grateful if you guide me.

Kind Regards

kausik

 

[ghosh_ak34]

Dear Ghosh Sir,

With due respect I want to know the meaning of YM and interested to learn more about the option and TA. And as the option price/premium is directly regulated by the movement of the underneath scrip,technical analysis is the most vital thing to learn.I'm trying hard to learn TA Sir,want to know which TA software-Metastock or AdvanceGate to follow or to follow a simple one? How Elliot Wave theory can explain this market condition technically? I would be grateful if you guide me.

Kind Regards

kausik

Dear Kausik,

YM means yah00 messenger. There are lots of stuff available in net and traderji regarding TA and software. You can refer to 888options dot com to learn about options and investopedia for understaning terminologies etc.

I use icharts.in/charts.html for EOD analysis. Request you to refer to these sites for understanding TA.

Regards

 

[ghosh_ak34]

Dear Friends,

Many traders have asked me whether they could trade in Nifty futures using my strategy of "Trend Checking at stated intervals in 1st post of this thread". Yes, you could do so but its risky. Here is a way how you could do so.

Suppose at 10:30 AM trend is up by 20pts so you can go long in Nifty and buy a at money put simultaneously. When in profit square off both long Nifty and ATM put. Like wise you can do for other intervals stated in 1st post of this thread.

This way your risk will reduce. Keep total SL of this setup = Rs 5000 per lot or an amount that you could afford to loose per trade. I am still testing it though and finding it okay! Remember your Target % should be always greater than your SL%. Will keep posting my finding from time to time.

Regards

 

[NiftyFantasy]

Dear Mr. Ghosh,
I have brought 2 lots NOV 3100 call @58/- on friday morning in the hope of g20 summit. It is a naked call (sorry i know it is against ur rules), should I hold it till friday or exit on moday. I am not a regular trader. Give your valuable suggestion please?

regards
your new fan
ABHI

Dear Friends,

Many traders have asked me whether they could trade in Nifty futures using my strategy of "Trend Checking at stated intervals in 1st post of this thread". Yes, you could do so but its risky. Here is a way how you could do so.

Suppose at 10:30 AM trend is up by 20pts so you can go long in Nifty and buy a at money put simultaneously. When in profit square off both long Nifty and ATM put. Like wise you can do for other intervals stated in 1st post of this thread.

This way your risk will reduce. Keep total SL of this setup = Rs 5000 per lot or an amount that you could afford to loose per trade. I am still testing it though and finding it okay! Remember your Target % should be always greater than your SL%. Will keep posting my finding from time to time.

Regards

 

[ganesh2cbe]

What you people will do if there is no good news from G20............

any how the global market looks week........ i dont think nifty will close green.... on monday...... though nifty opens green, nifty will be short @ higher level to bring it back to down........ Indian govt expected to CRR rate cut which may be a big good news.... to lift it up and sustain...... other than that nifty will not sustain....

With regards,
Ganesh

 

[ghosh_ak34]

Dear Mr. Ghosh,
I have brought 2 lots NOV 3100 call @58/- on friday morning in the hope of g20 summit. It is a naked call, should I hold it till friday or exit on moday. I am not a regular trader. Give your valuable suggestion please?

regards
your new fan
ABHI

Dear Abhi,

Thanks for adding me in your fan list. I personally do not prefer news based trading, I depend more on TA. And TA says Nifty bearish, so would prefer you to either exit on monday itself or hedge your position by shorting Nifty 1 lot if trend is down by 20pts at 10:30 AM from price of Nifty at 10:00 AM.

There is a strong resistence at 3000 - 3100 levels, so you need to be careful.

Regards