NIFTY Strategy 22 Dec 2014

NIFTY has recovered well from the bottoms of 7960 and 8089 is well protected next day! this is where i believe SANTA rally has begun.

TOP: i believe TOP will be tested for 8340 and 8430 where it need good volumes to push up above these.

BOTTOM: since 8089 is protected, interested to see how long this will be holding. any move downside will go to the 7750 levels.

STRATEGY: No trade initiation to take any long position. waiting for the confirmation. But there is a risk of entering into the balanced phase might go into range bound momentum. 

New Option strategy 01 Feb, review 07 Feb

Would like to start the new option strategy

As per the strategy, we are going to write the options as you can trade options by writing than by buying.

Following are the requirements for this

Capital will be 80k to 1 lac

Option strategy is IRON CONDOR options

Link : https://docs.google.com/spreadsheet/ccc?key=0An1autgmkao0dEZKWTZPTU94ODJPUmVoTXZwTjRmNWc&usp=drive_web#gid=9

Nifty : 6276

+ve Expected movement is  6400

Time : 12 days

CALL OPTIONS:

-1	6200	50	132.5	6625	222.76	-11,137.77	(4,512.77)
1	6300	50	73.85	-3692.5	138.63	6,931.34	3,238.84

PUT OPTIONS:

-1	6300	50	91.55	4577.5	41.00	-2,049.78	2,527.72
1	6200	50	53.85	-2692.5	18.13	906.34	(1,786.16)

-ve Expected Movement is 6100

CALL OPTIONS:

-1	6200	50	132.5	6625	29.10	-1,454.81	5,170.19
1	6300	50	73.85	-3692.5	9.42	471.25	(3,221.25)

PUT OPTIONS

-1	6300	50	91.55	4577.5	206.48	-10,324.14	(5,746.64)
1	6200	50	53.85	-2692.5	132.79	6,639.34	3,946.84

Lets revisit this strategy after a week.

08 Feb commantry

today ,
NIFTY strategy to follow the trend.

seems taking strong support, if it breaks we cant stop the blood bath.

traders need to be cautious and all the check boxes in your call/buy signal has to be there to take position

only shorts below 5932


11:15 am

Nifty at crossroads, which road it will lead coming in another 15 min :)

07 Feb 2013 Commantry

NIFTY is hovering around 5959, y'day 5958 is very crucial and now 5940 by market folks


market is at 5974, above my long call 5963.

reaching resistance zone 5980 to 6000.

Unless it tests 5963, should not got for long.

10:40 am
Went long at 5970, couple of indicator 5 min chart candle touched green line which is bottom of the upward trend for the next candle

TGT 5979, exit only long after it crosses 6000

Even this trade is bit risky, if market is not able to cross 5980 reverse your positions.

12:00 am
exited with 5 points loss on nifty

12:30 am
Went short at 5958, TGT 5940. its done :) good trading here

12:46 am
one observation at what time one should exit from the stock when red dots are below 21 ema one can exit stock

that seems to be working, i exited at 94, but after that it reached 100, could have gained few more points there. One can also see GANN levels NIFTY touched around 5931, which is well below the levels.

1:30 pm
Signal came for NIFTY sell but desisting from trading, as i want to stick to the strategey, NIFTY can turn up or down big time for another 20 points.

29 Jun commentary

After loosing a lot, coming back to the blogs.

Let see how far i will continue this..

6:45 @5598, Nifty is in sideways

Key resistance level is 5610. After which target is 5750. As of now the reversal is at 5555.

7:53. @ 5582, took short position, put square off at 5560 where support can take place. would like to take another buy position @ 5620.

10 Feb Analysis

After long time,i am back to blogging.. let see how far it continues

i'm planning to wake up tomorrow @4:30 and want to observe some of the stock recommendations.

Jet airways: sell below 441,tgt 436-430 sl 448.50
infosys: buy above 3120-3105, tgt 3160-3220 sl 3065

Option Strategy 26 Nov

.NSEI: 5,779.75 -20.00 (-0.34%) - S&P CNX NIFTY

above link is saved version for nsei. i am going for new strategy

where i'm doing short on both end of nift's 5200 and 6200 @ strike price of 18/-. as time decays one will go end and then have to take some position in middle to take out.

one big challenge here is having enough liquidity. have to see how it goes this time with options.