Gamma based range & trade

#31


Let me recollect how this chart works.You can get daily figures in critical points..& also the Plan your trade post as to trend details.

MACD is positive - Nifty would be seen above the band

MACD is positive but D.macd.div.tick is negative - Nifty would tend to come down towards the Upper band & sometimes touch it also.

MACD is positive but D.macd.div.cross is negative-Nifty would get inside the band.Depending upon the positivity or negativity of D.macd.div.tick,nifty would either be at the top or bottom of the band within.

When MACD becomes negative,nifty would tend to go below the band.

Now,nifty is seen in MACD is positive but D.macd.div.tick is negative.Thus,nifty is coming down towards the band around 6400.Note that D.macd.div.cross is still positive.Thus,nifty is not expected to get inside the band now..Thats why we are assuming that strong support exists around 6400 for the time being..(Max open interest on the put side also has increased to 6400 today!!!)
 
#32
Status of trades(Open position):
Sell 6200 call @ 179: -142
Sell 6200 call @ 234: -87
Buy 6500 puts @ 78: -15
Buy 6600 put @ 95:+20
Buy 6600 put @ 101:+14
Buy 6600 put @ 101: +14

(+38 is position of closed trades so far)
 
#33
Broad range at the start of series was at 5910-6305-6700.

Since 20ema reversal point(5453) is below lower point 5910,nifty is not expected to break 6305 as of now.

20ema crossing 6305 yesterday confirmed that top of this series is 6563.Today one would have noticed that high formed was 6561..

Thus,range further gets restricted now to 6563-6305.

Immediate support expected around 6430-6455 on the lower side.Puts would be closed around those region..
 
#34
Closing all 6600 puts @ 136
Closing 6500 puts @ 76 today..

Fresh position Buy 6400 call @ 111. Stoploss would be 6395 & would close intraday..

Have closed the 6400 call taken today at 132...

Have bought Buy 6600 put @ 96
 
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#35
Status of trades(Open position):
Sell 6200 call @ 179: -158
Sell 6200 call @ 234: -103
Buy 6600 put @ 96: -1

Status of trades (Closed today)

Buy 6500 puts @ 78: -2
Buy 6600 put @ 95:+41
Buy 6600 put @ 101:+35
Buy 6600 put @ 101: +35
Buy 6400 call @ 111:+21
Prior closed trades:+38

(+168 is position of closed trades so far)
 
#36
Broad range at the start of series was at 5910-6305-6700.

Since 20ema reversal point(5542) is below lower point 5910,nifty is not expected to break 6305 as of now.

Top of this series is 6563.

Thus,range further gets restricted now to 6563-6305.

Immediate support expected around 6430-6455 on the lower side.Puts would be closed around those region..
 
#37


MACD is positive

MACD div.tick is negative.Would become positive above 6597.

MACD div.cross is Positive.Would become negative below 6162.

Thus,nifty is only partially/slightly negative resulting in pull down towards 12 ma higher(6425).Only if it becomes half negative,one could expect nifty to dip inside the band..
 
#38
New position:

Buy 2 lots 6600 put @ 66

Status of trades(Open position):
Sell 6200 call @ 179: -166
Sell 6200 call @ 234: -111
Buy 6600 put @ 96: -13
Buy 6600 put @ 66:+17
Buy 6600 put @ 66:+17

(+168 is position of closed trades so far)
 
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#39
Broad range at the start of series was at 5910-6305-6700.

Since 20ema reversal point(5626) is below lower point 5910,nifty is not expected to break 6305 as of now.

Top of this series is 6575.Nifty breached previous high of 6563 intraday but closed below it..

Thus,range further gets restricted now to 6575-6305.

Immediate support expected around 6400-6455 on the lower side.Puts would be closed around those region..
 
#40
Status of trades(Open position):
Sell 6200 call @ 179: -169
Sell 6200 call @ 234: -114
Buy 6600 put @ 96: -19
Buy 6600 put @ 66:+11
Buy 6600 put @ 66:+11

(+168 is position of closed trades so far)
 

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