Option Buy Recomendations

[rkjain2266]

this is a good stratgy. one should follow this.
thanks .

 

[ghosh_ak34]

Ghosh sir, please clarify.
(1)taking puts at R1 means nifty reaching at that point R1 / or / taking 4600 put at the time of 10.30(if nifty remains -20).
(2)if R1-S1 range between 300-400 then is it sure market goes upwards (never bearish).
(3)if the range is very close to 300-400, means 410 or 290 or 305 like that then shall we take it as sideways or upwards.
(4)can we expect nifty come down to 4200-4300 level this week.

Dear anandraos,

Below are the answers to your queries:

Ans (1) R1 and S1 are Nifty Strike prices so buy puts at Stricke price = R1 at 10:30 AM if Nifty Spot is 20pts or more dwn from the price at 10:00 AM etc.

Ans (2) If R1 - S1 is greater than 300 AND less than and equal to 400 then, it safe to trade in either direction depening on trend. If trend is up like now then, you can buy more calls at S1 i.e. no. of calls bought at S1> no. of puts you buy R1 bought as per trend.

Ans (3) If range is outside (300,400] then, sideways strategy. Trade with equal no. of calls bought at S1 and puts bought at R1.

Ans (4) This never tells that Nifty will come down to these levels, these are res.(R1) and supp. (S1) for the week only.

Regards

 

[abigbull]

Dear anandraos,

Below are the answers to your queries:

Ans (1) R1 and S1 are Nifty Strike prices so buy puts at Stricke price = R1 at 10:30 AM if Nifty Spot is 20pts or more dwn from the price at 10:00 AM etc.

Ans (2) If R1 - S1 is greater than 300 AND less than and equal to 400 then, it safe to trade in either direction depening on trend. If trend is up like now then, you can buy more calls at S1 i.e. no. of calls bought at S1> no. of puts you buy R1 bought as per trend.

Ans (3) If range is outside (300,400] then, sideways strategy. Trade with equal no. of calls bought at S1 and puts bought at R1.

Ans (4) This never tells that Nifty will come down to these levels, these are res.(R1) and supp. (S1) for the week only.

Regards

Here Ghoshji
Last Friday (29-may-09 ) I squared off a CAll . Today on monday 1st june .. the market was 80 points up on opening ..
For today i wld like to know what was ur strategy or the way forward . as at the end of the day again the nifty was 80 points up .. what shld we have done in the morning between 10.30 am to 12 pm

thanks in advance .

 

[abigbull]

Dear abigbull,

You can use icharts dot in/charts dot html

You can get data from nseindia . com

Regards

thanks for ur reply but i get confused in nseindia.com ..can u guide me in www.nseindia.com

 

[RAWT]

dear ghosejee,
today i am trying to buy one lot of nifty call 4500 at 179 and one lot 4500 put at 174 what we do tomarrow please suggest because i m new what i buy call/put

happy trading

with regards
rawt

 

[ghosh_ak34]

Here Ghoshji
Last Friday (29-may-09 ) I squared off a CAll . Today on monday 1st june .. the market was 80 points up on opening ..
For today i wld like to know what was ur strategy or the way forward . as at the end of the day again the nifty was 80 points up .. what shld we have done in the morning between 10.30 am to 12 pm

thanks in advance .

In case you are not sure, please do not trade. Because its not imp. to trade every day. Wait for the day when you get the trend for the trade.

Regards

 

[ghosh_ak34]

dear ghosejee,
today i am trying to buy one lot of nifty call 4500 at 179 and one lot 4500 put at 174 what we do tomarrow please suggest because i m new what i buy call/put

happy trading

with regards
rawt

Dear Rawt,

If you are new then, its better for you to learn option trading first by doing paper trading for atleast three months.

Regards

 

[ghosh_ak34]

Dear Friends,

For Nifty Future (June Series) 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 4474

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

 

[ka2931]

Dear Ghosh Sir,

Today Nifty opened at 4450 & at 10 AM,its 4528 I've found no trend at 10-30 AM & 12-30 PM So did not trade at all taking 4528 as open price.But sir,from the starting I've been a bit confused regarding nifty opening price.Should I take 4528 at 10 AM as open price or 4450(as per ODIN PIB) as open price? Though I often gain taking my PIB's open price.Please advice.


kausik

 

[ghosh_ak34]

Dear Ghosh Sir,

Today Nifty opened at 4450 & at 10 AM,its 4528 I've found no trend at 10-30 AM & 12-30 PM So did not trade at all taking 4528 as open price.But sir,from the starting I've been a bit confused regarding nifty opening price.Should I take 4528 at 10 AM as open price or 4450(as per ODIN PIB) as open price? Though I often gain taking my PIB's open price.Please advice.


kausik

Dear ka2931,

I will reco. price at 10:00 AM as openning price, because of initial jitters. If no trend emerges then,will reco. to wait. If no trend emerges for atleast 3 consecutive days then, you may plan to write OTM options with strict SL=Rs 2000/- per lot for the setup i.e. 1 lot OTM call write + 1 lot OTM put write.

Regards