21/06/2013 09:15 Trend: Negative, SL: 5682.38
21/06/2013 09:20 SL Trailed: 5660.62
21/06/2013 09:35 Sell near 5638.14-5633.64, Target: 5593.18, SL: 5660.62
21/06/2013 10:05 Caution: Exit Shorts near 5638.14-5633.64, SL: 5660.62
21/06/2013 10:40 SL Triggered, Trend: Positive, SL: 5629.69
21/06/2013 10:50 Buy near 5652.32-5656.85, Target: 5697.59, SL: 5629.69
21/06/2013 11:00 SL Trailed: 5632.03
21/06/2013 11:10 Buy near 5654.67-5659.20, Target: 5699.94, SL: 5632.03
21/06/2013 12:05 SL Trailed: 5642.24
21/06/2013 12:15 Buy near 5664.68-5669.17, Target: 5709.58, SL: 5642.24
21/06/2013 12:45 SL Trailed: 5649.73
21/06/2013 12:55 Buy near 5672.15-5676.63, Target: 5716.98, SL: 5649.73
21/06/2013 01:40 Caution: Exit Longs near 5672.15-5676.63, SL: 5649.73
21/06/2013 02:00 SL Triggered, Trend: Negative, SL: 5683.44
21/06/2013 02:05 SL Trailed: 5668.99
21/06/2013 02:45 Sell near 5646.40-5641.88, Target: 5601.23, SL: 5668.99
21/06/2013 03:05 Caution: Exit Shorts near 5646.40-5641.88, SL: 5668.99
21/06/2013 03:10 SL Triggered, Trend: Positive, SL: 5642.29
21/06/2013 03:20 Buy near 5665.52-5670.16, Target: 5711.96, SL: 5642.29

21/06/2013 09:20 SL Trailed: 5660.62
21/06/2013 09:35 Sell near 5638.14-5633.64, Target: 5593.18, SL: 5660.62
21/06/2013 10:05 Caution: Exit Shorts near 5638.14-5633.64, SL: 5660.62
21/06/2013 10:40 SL Triggered, Trend: Positive, SL: 5629.69
21/06/2013 10:50 Buy near 5652.32-5656.85, Target: 5697.59, SL: 5629.69
21/06/2013 11:00 SL Trailed: 5632.03
21/06/2013 11:10 Buy near 5654.67-5659.20, Target: 5699.94, SL: 5632.03
21/06/2013 12:05 SL Trailed: 5642.24
21/06/2013 12:15 Buy near 5664.68-5669.17, Target: 5709.58, SL: 5642.24
21/06/2013 12:45 SL Trailed: 5649.73
21/06/2013 12:55 Buy near 5672.15-5676.63, Target: 5716.98, SL: 5649.73
21/06/2013 01:40 Caution: Exit Longs near 5672.15-5676.63, SL: 5649.73
21/06/2013 02:00 SL Triggered, Trend: Negative, SL: 5683.44
21/06/2013 02:05 SL Trailed: 5668.99
21/06/2013 02:45 Sell near 5646.40-5641.88, Target: 5601.23, SL: 5668.99
21/06/2013 03:05 Caution: Exit Shorts near 5646.40-5641.88, SL: 5668.99
21/06/2013 03:10 SL Triggered, Trend: Positive, SL: 5642.29
21/06/2013 03:20 Buy near 5665.52-5670.16, Target: 5711.96, SL: 5642.29
Booked Full profits in Nifty short strangle at cmp 57.5. Call given at 71.
ReplyDeleteTrade closed.
As of now max OI is in 5600PE and 5800CE. As such, we may expect 5620 to be held and a positive upmove may be seen before expiry. But we will enter fresh long trades only after breach of 5690.
ReplyDeleteHowever keep strict SL at 5690
ReplyDeleteOK THANKS
ReplyDeleteExit on Nifty dips. Enter option trades only after range of 5620-5690 is broken or else value will decay heavily.
ReplyDeleteOur short strangle in Nifty is near 58-59. Please book profits before day-end. Do NOT carry forward for Monday as a major gap-up/down may drain out all profits.
ReplyDeleteHI SUNILJI HOLDING 5700 PE JULY 2 LOTS. WHATS SHLD I DO??
ReplyDelete@sonu2938 Not tracking it. But as of now. would advise to exit longs on rise. We can re-enter after the range 5620-5690 is broken.
ReplyDeleteSir I am holding Divis Lab Future (Bought @ 986) , can I carry it for Monday .
ReplyDeleteMay book profits in Nifty short strangle at cmp near 60-61 or square off just before day-end keeping the same SL.
ReplyDeleteSR - Based on your level (5620 - 5690) made two trades with profit. Thanks for great levels. My luck, got out of RIL @ 805 with only 3 points loss.
ReplyDeleteGOOD PREDICTION. HATS OFF TO YOUR WORK WITH "AC"
ReplyDeleteNifty is in range as specified in the morning. 5620-5690
ReplyDeleteSunilji, what happened ?? why sudden fall ??
ReplyDeleteAlso if there is a false breakout, that will result in double whammy.
ReplyDeleteNever break a strangle. If we see a breakout, option prices in the direction of breakout will rise sharply and you generally loose a lot more than you would have saved breaking the strangle to individual trades.
ReplyDeleteMay book part profits in Nifty short strangle at 62. And hold rest with strict SL of 5691.
ReplyDeleteShort strangle near 62 :)
ReplyDeleteCould be very risky.
ReplyDeleteNo
ReplyDeleteSunil Sir ,
ReplyDeleteCan we book Profit on 5600 PE @ 23-24 and wait for 5700 CE ( if you feel NF will go down again?
SR - Short nifty now with stop loss 5691?
ReplyDeleteShort strangle near 65 :)
ReplyDeleteBook profits near day-end. however we will keep SL at 5620/5690
ReplyDeleteSunil Sir,
ReplyDeleteI sold with 69 ..and waiting for your input to exit from this strangle.
With yesterday's sharp fall, option IV is high. Moreover today is Friday and options will try to factor in the decay of 2 holidays in between. Expiry is next week. Decay would be high. As such, this short strangle could generate decent profits. Call given at 71, and cmp already near 68. :)
ReplyDeleteIntraday short strangle: Short June 5700CE + 5600PE near cmp 71. SL: 5690, 5620. Book profits at day-end.
ReplyDeleteNifty OI for July series shows max OI at 5600PE and 5900CE. But its still early to try to predict for july series. As such, it would be better to wait break of 5620/5690 to initiate a positional directional trade.
ReplyDeleteOK
ReplyDelete@Guest Good Morning and Thanks and have a great day ahead. Not sure of it.
ReplyDeleteHi Good Morning to all....have a good day....can enter jyothy lab cmp....thanks
ReplyDeleteHmm... Entered RIL @ 808 for intraday. Lets see.
ReplyDeleteThanks sir.
ReplyDeleteGood Morning. Don't enter any options for now till Nifty breaks below 5620 or above 5690. Nifty may consolidate in this range for some time to normalize the IV. Options will DECAY a lot.
ReplyDeleteGOOD MORNING SUNILJI. WHAT R THE LEVELS TO ENTER PEs TODAY
ReplyDeleteNifty already bounced 20 points but better safe than sorry.
ReplyDeleteGM. Its has broken support of 270-71. Can head lower to 265, 262. Keep SL at 274.5.
ReplyDeleteGM sir. What is the downside target of tatasteel.
ReplyDeleteAvoid trading it. bounce or break may be sharp.
ReplyDeleteSR - In that case will it be good to go long near 5620 for 20 - 30 points? With small stop loss?
ReplyDeleteOk Sir, Thanks
ReplyDeleteYes. Book for now. We can re-enter again after 5620 is broken.
ReplyDeleteAs of now, no positional trades till Nifty breaks below 5620 or breaks above 5690. Nifty may consolidate in this range for some time. Avoid trading it.
ReplyDeleteGM Sunil Sir,
ReplyDeleteI am holding 5500 PE for July , Shall i exit now?
@Nagaraj hegde Good Morning.
ReplyDeleteGood Morning SR.
ReplyDeleteNifty Target of 5628 achieved. Book Full profits in positional call.
ReplyDelete@Pramod Good Morning.
ReplyDeleteGood Morning Sirji !
ReplyDeleteHold with a SL of 11290 on Bank Nifty. Also keep your futures position hedged with a PE. Try to exit on a bounce.
ReplyDeletei am long in yes bank 1 lot june futures@462, can i expect some profit in near future?
ReplyDelete@Craftynifty Not advisable to go long as yet. Overall trend for short term and mid term is negative. Nifty is consolidating in the range of 5620-5690. Even if 5690 is breached, it will extend the consolidation range to about 5750-65 (exact will be known after breakout). We may enter a long if 5690 is breached for target of 5750-65. After expiry 5502 is very likely.
ReplyDeleteHi SR
ReplyDeleteSeems nifty opens gap down on monday. think it is good opportunity to long nifty futures. what do you think?
Thanks
Thanks. Have a nice evening you too. :)
ReplyDeleteYesterday I said not to hold any option due to time decay and nearing expiry and as predicted the premiums gone down badly in both calls,puts.
ReplyDeleteIf nifty sustains above todays close on monday,then go long in nifty futures for 5820 target with sl of todays low point. If you want to trade in options go with july series.
Have nice evening SR and AC followers.