Om Ganeshaya Namaha
Sell March 5900 call @ 44 or more.
Hold till expiry.
If Market touched 5900, buy 6000 March Call.
Hold till expiry.
If Market touched 5900, buy 6000 March Call.
Wednesday, March 6, 2013
Thursday, December 22, 2011
23rd December 2011
Daily Chart
Good follow up bullish candle breaking out of the short term down trendline.Resisted at 23.6% retracement level of fall from 5400-4432. Next resistance zone at 4800.20 ema at 4797, fibonacci cluster at 4818 as shown on half hourly charts below.If manages to cross the resistance then could target 5100.
Half Hourly Chart
Half Hourly Chart
A rising wedge formed.This is a bearish pattern. Nifty resisted today at it's resistance line.Resistance for the day is at 4743-4777.Trade long with a stop at 4646-4710 for the day.
Update:Jan 5100 CE closed unchanged at 31 rupees
Wednesday, December 21, 2011
22nd December 2011
Daily Chart
Seeing
the neckline broken so decisively made me bearish .I failed to see the ‘outside
day’ formed which is a reversal pattern.The oversold status of the markets gave
rise to a pullback.
Half Hourly Chart
The
half hourly charts have turned mildly bullish with a breakout from the
downtrending channel. The 5 ema has bullishly crossed the 20 and 50ema. If the
momentum continues the bulls may drag the Nifty to 4920 levels. It is still a
sell on rise market and the 4818 level should be strong resistance.
Strategy
Write 1 lot 5100 call jan series at 31 rupees
Management : above 4920 buy a 4900 CE at CMP Jan series
Thursday, September 22, 2011
Second Strategy for September
Buy 4900 call if market above 4910, and sell 5100 call.
4900 call at 88 and 5100 at 18
Stop loss for 4900 call at 70
Update on 24th Sept
Market was above 4910 for a very short time.
So top loss triggered and exit at no loss no profit
Again buy 4900 call above 4900 and keep holding written 5100 call till expiry
Write 1 more lot 5000 call above 4900 when buying 4900 call and stop loss is 20 rupees below cost.
market did not go above 4900
4900 call at 88 and 5100 at 18
Stop loss for 4900 call at 70
Update on 24th Sept
Market was above 4910 for a very short time.
So top loss triggered and exit at no loss no profit
Again buy 4900 call above 4900 and keep holding written 5100 call till expiry
Write 1 more lot 5000 call above 4900 when buying 4900 call and stop loss is 20 rupees below cost.
market did not go above 4900
Sunday, September 18, 2011
First Strategy
Om Ganesha Namah
Nifty 5084
1. Write 2 lots 5200 call September series at 42 each.Net inflow 84 rupees in.
2. If market sustains above 5100, buy 1 lot 5100 September call at 92
Update of 19th Sept
If markets go below 4957, then move written 5200 calls to 5100 safely
If markets go above 5084 add 1 lot 5100 call
Net Position: 2 lots 5200 call written at 35
Update on 20th Sept
1 lot 5100 call bot 80, closed at 114, keep stop loss of 80 cost price and continue holding. Above 5200 buy 1 lot 5300 call
Net positions 2 lots 5200 calls written at 35
1 lot 5100 call bot at 80 now at 114
Update on 21st Sept
5200 call at 45, 5100 at 95
Our stop loss didnt trigger at 80.
Downside stop remains at 82.
Above 5200 buy 1 lot 5300 call.
Update on 22nd Sept
Exited 5100 call bought 80 at 45, so loss of 35 rupees.
We had written 2 lots 5200 at 35 each, so now oly profit of 35 left
Above 5100, buy 5100 sept call else do nothing
Update on 24th Sepetmber
Keep holdig position we end with 35 rupees net profit if expiry below 5200
Nifty 5084
1. Write 2 lots 5200 call September series at 42 each.Net inflow 84 rupees in.
2. If market sustains above 5100, buy 1 lot 5100 September call at 92
Update of 19th Sept
If markets go below 4957, then move written 5200 calls to 5100 safely
If markets go above 5084 add 1 lot 5100 call
Net Position: 2 lots 5200 call written at 35
Update on 20th Sept
1 lot 5100 call bot 80, closed at 114, keep stop loss of 80 cost price and continue holding. Above 5200 buy 1 lot 5300 call
Net positions 2 lots 5200 calls written at 35
1 lot 5100 call bot at 80 now at 114
Update on 21st Sept
5200 call at 45, 5100 at 95
Our stop loss didnt trigger at 80.
Downside stop remains at 82.
Above 5200 buy 1 lot 5300 call.
Update on 22nd Sept
Exited 5100 call bought 80 at 45, so loss of 35 rupees.
We had written 2 lots 5200 at 35 each, so now oly profit of 35 left
Above 5100, buy 5100 sept call else do nothing
Update on 24th Sepetmber
Keep holdig position we end with 35 rupees net profit if expiry below 5200
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