12/06/2013 09:15 Trend: Negative, SL: 5819.93
12/06/2013 09:20 SL Trailed: 5800.56
12/06/2013 09:25 SL Trailed: 5797.83
12/06/2013 09:35 Sell near 5773.87-5769.08, Target: 5725.96, SL: 5797.83
12/06/2013 10:15 Caution: Exit Shorts near 5773.87-5769.08, SL: 5797.83
12/06/2013 12:05 SL Trailed: 5786.67
12/06/2013 12:15 Sell near 5762.59-5757.78, Target: 5714.45, SL: 5786.67
12/06/2013 12:45 Caution: Exit Shorts near 5762.59-5757.78, SL: 5786.67
12/06/2013 09:20 SL Trailed: 5800.56
12/06/2013 09:25 SL Trailed: 5797.83
12/06/2013 09:35 Sell near 5773.87-5769.08, Target: 5725.96, SL: 5797.83
12/06/2013 10:15 Caution: Exit Shorts near 5773.87-5769.08, SL: 5797.83
12/06/2013 12:05 SL Trailed: 5786.67
12/06/2013 12:15 Sell near 5762.59-5757.78, Target: 5714.45, SL: 5786.67
12/06/2013 12:45 Caution: Exit Shorts near 5762.59-5757.78, SL: 5786.67
HI GOOD MORNING TO ALL....HAVE A GOOD DAY......:)
ReplyDeleteGood morning Sir , I am holding 30 lots of 6200 CEs (@ 18.5 each) and 6 lots of 5800 PEs (@ 56 each) . Please advice ..
ReplyDelete@Ravichandran Ranganathan Good Morning. Thanks and Have a great day you too. :)
ReplyDelete@sonu2938 Good Morning. Book profits in 4 lots of PEs and add some more PEs on rise at 5805.65.
ReplyDeleteToday's Levels for Options
ReplyDeleteTargets for PEs: 5743.77
Add-on Level for PEs: 5805.65
Fresh Positions may be initiated at or above the Add-on level
Good Morning SR and all here...
ReplyDelete@Nagaraj hegde Good Morning
ReplyDeleteHi SR - Your view on BankNifty? Can this touch 11700 today?
ReplyDeleteSupport: 11677.54, Resistance: 11913.36, Short Level: 11869.15
ReplyDeleteVery good Sir. Thank you. Means it's the time to short now. right?
ReplyDeleteRight, Just touched the entry level.
ReplyDeleteThank you...
ReplyDeleteGOOD MORNING SUNILJI
ReplyDelete@SAI Good Morning
ReplyDeleteAlready 50 points profit :)
ReplyDeleteYes. I am waiting for 11700 atleast to book my put. :)
ReplyDeleteyes, can book near 11680-700
ReplyDeleteReduce PEs to again to 1 unit near target 5443.77
ReplyDeleteITS 5743.77 FRIENDS
ReplyDeleteOops, sorry. Corrected. Thanks.
ReplyDelete100 points profit :)
ReplyDeleteSR - Booked my bank nifty put today @ 350. 85 to 350. good profit. :)
ReplyDeleteCould you please advice any stock option to buy and hold?
Now I have Tata Motors 260 put and RIL 780 Put.
That's nice. Its always wise to enter puts on a pullback and calls on a retracement. We got a good entry for Bank Nifty. No new calls as of now.
ReplyDeleteBad luck. Sold my Tata Steel put @ 9. Now it made high of 12. :(
ReplyDeleteNo issues as long as you booked profits. With our Nifty option trading strategy, we will always be holding calls and puts. We just reduce qty at targets.
ReplyDeleteThanks SR. Will start trading in this system from next week. ZERODA account is active now. But, need to test how call and trade works as I don't have access to Zeroda in my office. Will start with only 2 - 3 lots of ATM options.
ReplyDeleteHi SR, Good day
ReplyDeleteIs it possible to test 5743 ?
@Kris hna Good morning. Technically Nifty is forming a distribution pattern, which may break below 5743.
ReplyDeleteIn that case SL to be maintained at 5797
ReplyDelete@Nagaraj Hegde Call and trade may not be feasible as we will review our position near day-end at 3:25pm and may not have enough time to call and trade. I would suggest you to try out zerodha's mobile app to trade instead. Moreover Call and Trade Service of Zerodha is chargeable.
ReplyDeleteGood Morning Sirji should we wait to enter this combination ? Thanks
ReplyDeleteAs of now SL would be much higher at 5820.
ReplyDeleteIts a tendency to go higher today
ReplyDelete@Guest Good Morning. Yes, Our Entry level for today is 5805.65. For fresh entries, we need to wait for pullbacks/retracements.
ReplyDeletewill do that sirji..
ReplyDeleteNifty is near 200dma 5766.36 which is respected by most traders.
ReplyDeleteGi guys. got target of 5750, now nifty trading at 5754. Book profits in puts and buy calls. a bounce upto 5810 is likely. buy calls at cmp with sl of 5730
ReplyDeleteHHmm... Will need to work out something. Thank you.
ReplyDeleteHas the same feeling of 5810 closing like yesterday like i told you about 5750 when nifty is at 5820..
ReplyDeleteTarget achieved: 5743.77. Reduce PEs to 1 unit.
ReplyDeleteNo targets for calls as of now. We will advise next target for Nifty after 5740 is broken. We have a small qty of calls which are sufficient to hedge any intraday pullbacks
ReplyDeletehold calls for target of 5810 with sl of 5730. Risk reward ratio is more favorable. dont worry for volatile fluctuations in market
ReplyDeleteIs it good time to buy one lot nifty future? for target of atleast 20 points?
ReplyDeleteNot yet. Nifty is trading below 200dma. Wait till day-end for any long positions.
ReplyDeleteOk. My puts (Tata Motors AND RIL) are good to hold. Right?
ReplyDeleteWould advice to book profits on rise. Both TM and RIL gave a closing on a positive note yesterday.
ReplyDeletehowz the bounce. lucky those who bought calls in the earlier dip
ReplyDeleteAfter testing 5743, Trend reversal as EU markets are in positive trend
ReplyDeleteThat's nice. However would advice to avoid trading pullbacks / retracements. its like catching a falling knife. :)
ReplyDeleteSir ...I have only CE no PE. Can add here one for hedge or wait for confirmations.
ReplyDeleteWait till day-end as of now.
ReplyDeleteHello Sunil Sir.. Good noon :)
ReplyDeletehi debu, which CE are u holding n @ what price?
ReplyDelete@shashi Good Afternoon. Seems you have been busy lately. Missing you 'Good Morning' in the morning :)
ReplyDeleteHaan sir, is quite busy with my new born baby girl, small prom so had to take wife n kid to hospital almost regularly. Hopefully all will be fine in a couple of days time.
ReplyDelete@Shashi Congratulations on being a proud father. May God bless the baby. All would be fine soon. Take Care. :)
ReplyDeleteThanks a lot sir, and my best wishes with your new option trading strategies. Going through all your posts daily in the late evening:)
ReplyDeleteHi Shashi>>6000CE.... avg buy price 28
ReplyDeleteOK, fine
ReplyDeleteDear SR
ReplyDeleteThanks
SR,
ReplyDeleteThis time nifty wil recover fast with short covering rally.
HI SUNILJI
ReplyDeleteHolding 1lot of 5800 pe and 2lots of 6200ce and 1lot of 6000 ce.
Only 6200 CE cost is so high. what shld i do. overall i am :(
Revise positions to 1 unit of PEs (add a few if needed). Target: 5709.63
ReplyDeleteAdd another unit of PEs at or above 5772.22 tomorrow.
For Fresh entries, wait till tomorrow to enter 2 units of PE + 1 unit of CE at 5772.22
thank u sir...
ReplyDeleteSir I am holding 6 lots of 5700 PE , 4 lots of 6000 CE and 1 lot of 5900 CE . Do I need to add more CEs now.
ReplyDeleteNo don't add more.
ReplyDeleteReduce positions at targets. You can always book profits by selling 5800PE at target and buying 5700PE without exiting the trade altogether.
ReplyDeleteSR,
ReplyDeleteThere is high oi in 6100, 6000 and 5900 calls. dont you think nifty will bounce to 5950 before falling to lower levels of 5600,5550? i am very confident because heavy shorts are created in market and least 50% of short positions will get squeezed by friday with sharp pull back. please share your thoughts.
Please note: Doji formed in banknifty daily chart
ReplyDeleteNifty had max OI at 6200CE and 5900PE from the start of the month. But yesterday, there was a major shift in OI from 6200CE to 6000CE and from 5900PE to 5700PE confirming the breakdown of 5830-50 levels. Technically, the breakdown can lead Nifty to 5658-73. 5830-50 should act as resistance. However this sharp decline make Nifty highly oversold and a pullback may be seen in the latter half of this series.
ReplyDeleteSr,
ReplyDeleteThanks for detailed reply. Have nice evening
Most Welcome. Have a nice evening you too.
ReplyDeleteSR - How about buying 5400 put @ 5-6 tomorrow and hold for the target of 15-20?
ReplyDelete@Nagaraj Hegde Not sure of 15-20 target as yet but may enter a PE on rise tomorrow.
ReplyDeleteThanks SR. Do you track Tata Global? Can I enter 130 put? Looks started its downward journey.
ReplyDeleteOr pls suggest any other stock option to enter positionally.
Sunil Sir,
ReplyDeleteToday i missed Havells Fut @ 706 ...made high 750 ...Is it possible for you sir if you could give some guidence for 2-3 stocks maximum on weekly basis..
For those who are holding calls continue to hold them till tomorrow for higher targets 5830-5870 with same sl of 5730
ReplyDeleteHi sr
ReplyDeletevery true but i still have gut feeling of 5810 for intraday. lets test my luck
Looks like it's the time to short again now. right?
ReplyDeleteSR - Would have got 20 points. :)
ReplyDelete