Karthiks Options Trading Strategy

karthik_sri

Well-Known Member
#11
NIFTY Close price on 17.07.13 : 5965.25

We will take 5900 strike price on both (Call & Put)

Intraday movement chart of Nifty 5900 CE of 18.07.13
Please look at the arrows in the attached chart for the conditions of the strategy...

http://i.imgur.com/oj2zFYr.png

Buy @ 126.55 : 6327.50
Sell @ 139.20 : 6960.25

GP : Rs.632.75 (which is 10% minimum)

Intraday movement chart of Nifty 5900 PE of 18.07.13

http://i.imgur.com/yuLIrAg.png

No Trading opportunity as no candle closed above High of 5WMA

Karthik
 

RDutt

Active Member
#13
Dear Karthik,
As I can see, the candle is touching high of WMA (76.15)....pl correct me if I'm not understanding rightly.....
set up is simple.....can we expect to get more than 1 entry chance daily ?
Rgds
Amit
What Karthik meant here is that the Candle under consideration (fulfilling other criteria) should not touch both, High and Low of WMCA. Here in yr mentioned example, candle has touched only high of WMA (and not the low of WMA), so it is valid. If it would have touched both high and low of WMA, it would have become invalid, as per Karthik rules. Thanks Karthik for yet another wonderful setup. :thumb:
 

karthik_sri

Well-Known Member
#14
What Karthik meant here is that the Candle under consideration (fulfilling other criteria) should not touch both, High and Low of WMCA. Here in yr mentioned example, candle has touched only high of WMA (and not the low of WMA), so it is valid. If it would have touched both high and low of WMA, it would have become invalid, as per Karthik rules. Thanks Karthik for yet another wonderful setup. :thumb:
Yes...thanks RDutt for the explanation...Amit hope this clarifies your query...
 

karthik_sri

Well-Known Member
#19
NIFTY Index close price on 21.08.13 : 5323.60

We take strike price of 5300 for Call & Put

Nifty 5300 Call Intraday (30 min) movement of 22.08.13 below chart

http://i.imgur.com/pEcucAZ.png

Buy Triggered at 1pm and we place Buy @ 127.65

Buy : 6382.50 (Money Invested) (50 x 127.65)
Sell : 7020.50 (50 x 140.40)

GP : Rs.638.00 (10% Return)

Nifty 5300 Put Intraday (30 min) movement of 22.08.13 below chart

No Trading opportunity as no candle close above 5WMA

http://i.imgur.com/Z061YnE.png

Karthik
 

kiran_thiru

Well-Known Member
#20
karthik sri sir, congrats that the strategy is very fine and explained well too. thanks for good option strategy. :thumb::thumb::thumb:

why you choose time frame 15 or 30 minutes. why can't 5 min what maximum day traders prefer?