27/06/2013 09:15 Trend: Negative, SL: 5617.19
27/06/2013 09:20 SL Triggered, Trend: Positive, SL: 5620.15
27/06/2013 09:25 SL Trailed: 5624.41
27/06/2013 09:35 Buy near 5648.00-5652.72, Target: 5695.17, SL: 5624.41
27/06/2013 11:50 Caution: Exit Longs near 5648.00-5652.72, SL: 5624.41
27/06/2013 01:25 SL Trailed: 5636.28
27/06/2013 01:30 SL Trailed: 5646.66
27/06/2013 01:40 Buy near 5668.81-5673.24, Target: 5713.11, SL: 5646.66
27/06/2013 01:45 SL Trailed: 5657.06
27/06/2013 02:20 Buy near 5679.36-5683.83, Target: 5723.98, SL: 5657.06
27/06/2013 02:55 SL Trailed: 5658.04
27/06/2013 03:05 Buy near 5680.55-5685.05, Target: 5725.56, SL: 5658.04

27/06/2013 09:20 SL Triggered, Trend: Positive, SL: 5620.15
27/06/2013 09:25 SL Trailed: 5624.41
27/06/2013 09:35 Buy near 5648.00-5652.72, Target: 5695.17, SL: 5624.41
27/06/2013 11:50 Caution: Exit Longs near 5648.00-5652.72, SL: 5624.41
27/06/2013 01:25 SL Trailed: 5636.28
27/06/2013 01:30 SL Trailed: 5646.66
27/06/2013 01:40 Buy near 5668.81-5673.24, Target: 5713.11, SL: 5646.66
27/06/2013 01:45 SL Trailed: 5657.06
27/06/2013 02:20 Buy near 5679.36-5683.83, Target: 5723.98, SL: 5657.06
27/06/2013 02:55 SL Trailed: 5658.04
27/06/2013 03:05 Buy near 5680.55-5685.05, Target: 5725.56, SL: 5658.04
GM Sunil Sir & Fellow_mates
ReplyDelete@Guest Good Morning.
ReplyDelete@sai Good Morning
ReplyDeleteGoogle Data Feed is still down. But we have temporarily linked up with Yahoo Data Feed and Live Update is now restored. We will switch back to Google Data Feed once it is restored.
ReplyDeleteSBI IS SUPER BET BOTH WAYS. BOOKED LONG & SHORT. HOLDING 1 5500 PE & 1 5900 CE OF JULY.
ReplyDeleteNice :)
ReplyDeleteI had shorted 5600CE and 5600PE July at 248, now near 238. :)
ReplyDeleteGOOD ONE ENJOY :)
ReplyDeleteGoogle data Feed is back up and we are now switching back to Google Data Feed.
ReplyDeleteAlthough Google Data Feed is back up, it is missing partial data during the time it was down, as such we will continue with Yahoo Data Feed for today and switch back to Google Data feed from next session.
ReplyDeleteSunil Sir,
ReplyDeleteIfi am not able to short (I had shorted 5600CE and 5600PE July at 248) ,then can i go ahead to buy 5300 PE / 5400 PE for July?
@sam, If you had shorted 5600CE and PE at 248, exit it and switch to 5700CE and PE for now. If Nifty nears 5600, we switch back to 5600 straddle or if Nifty heads near to 5800, we switch to 5800 straddle. We may continue this strategy till the straddle premium goes down to 100-120. :)
ReplyDeleteDon't buy puts as of now.
ReplyDeleteNifty has given a positive breakout today above 5633 and retested the level of 5633 and went ahead to touch our positional targets. Bad luck our SL of 5597 got triggered yesterday due to sudden drop in rupee dollar equation. However 5695-5700 is a major resistance, if broken, we may confirm a short term pullback in Nifty.
ReplyDeleteSir,
ReplyDeleteHow much investment do in need to short 1 lot on both together?
@Sundars It may vary from broker to broker. It is generally equivalent to 1 margin of futures. Some broker like Zerodha need lesser margins for shorting ATM and OTM options. Please check it out with your broker.
ReplyDeleteSure. Thanks Sir.
ReplyDeleteSunil Sir ,
ReplyDeleteShorted 5700 PE and 5700 CE for July at 222. Plz guide.
ok. Hold for now. This is a strategy which can generate about 100-120 points or more every month.
ReplyDeleteSince you shorted at 222, your break-evens are 5700+222=5922 and 5700-222=5478 which should ideally be your SLs.
But we go a step ahead ...
If Nifty moves about 100 points in either direction, we will switch straddle. That will revise our break-evens.
For example, if Nifty moves to 5800, we will switch to 5800 straddle. For example, we exit 5700 straddle at 210 and enter 5800 straddle at 210. That will revise our break-evens to 6010 and 5590.
This way we can keep gaining the decay without stopping out. :)
"we exit 5700 straddle at 210 and enter 5800 straddle at 210"
ReplyDeleteIs this possible ?
5600 straddle and 5700 straddle will have the same value at any point of time so that we can switch over ?
today at close, 5600 straddle was around 240 and 5700 straddle around 218.
Please clarify
@ravi It may not be same. Will be lower when market goes up, will be same/higher when market goes down. But need not worry, as eventually all will decay down. :)
ReplyDeleteWe need more time and as such, we exit straddles completely and switch to next series when the straddles come in the range of 140-150. The switching needs to be monitored closely, so that even the switching does not loose/gain much. The moment futures/spot touches a new strike, one needs to switch immediately. I managed to exit 5600 straddle at 241 and entered 5700 simultaneously at 226. Its better to place bulk orders for the switching
Thanks for the above details explanation. As today CCEA approve natural gas price. So RIL, ONGC will go at least 5% up ,but power and fertilizer company will go down.
ReplyDeleteany view and your advice on this , thanks
Most Welcome. Not sure about the outcome. RIL has resistance at 836, above which can head to 849.
ReplyDeleteGOOD MORNING SUNILJI.
ReplyDelete@Nagaraj hegde Unable to monitor charts as Google Data Feed is down. However would not advise to go short now as markets may see short covering on day of expiry.
ReplyDeleteSR - How about selling banknifty july future @ 11260?
ReplyDelete@Nagaraj hegde Good Morning.
ReplyDeleteGood Morning.
ReplyDeleteNo call as of now as Google Data Feed is currently down.
ReplyDeleteGoogle Data Feed failure: Currently there is a technical issue with Google Data Feed and their feed is down. As such our Auto Channels charts are currently not being updated. Google is working on it and the feed may be back up soon.
ReplyDeleteSir ,
ReplyDeleteAny trading Call for today or positional call?