nifty calls

Hi Magnet Man,

To what extent these markets can fall. If one wants to buy/add more shares what are the levels one should look for. Please advise.

Thanks in advance,

Jude
maximum mkt can fall up to 4650, so one can acuumlate at 5074,4930 and 4650 for the tgt of 6300 in coming time, with braoad sl of 4365

warm regards
magnert man
 
hello magnet man,

last week I had taken 5800 call option 4 lots at 45... now it has gone down.
Kindly guiide me...shall i exit or hold till 5400 or shall i average it ...to minimize the loss.

Awaiting your quickest response,

Thanks & Regards.
don't average,give a chance to ur luck and if nifty complete its technicall rally then cover near 5400, in nutshell if nifty breaks 5074 then cover it at any loss otherwise hold till expiry.

warm regards
magnet man
 
magnet calls for tuesday

we said support stands at 5074-5111, friday low was 5105 and nifty bounced back 150 points from there and today's low was bang 5072 and nifty bounced back almost 180 points from there.

mkt still in overbought position.
technical remains same.
expect continution of this rally upto 5400 buying is only allowed at support level

supprt list remains same 5074,4930,4663

break of 5074 will tgt 4930, break of 4900 will tgt 4663

overall in medium term we r heading towards 6300 as mentioned before also , so if nifty breaks 5074 and comes at 4663 buy equity with ur full money.
on upside res r 5320 and 5400, so right now one can buy nifty on any dip for the tgt of 5320 with the sl of 5074 and crossover of 5328 will tgt 5400.

at the level of 5403 one can short nifty with sl of 5408.
one can buy at the support level wth sl of 10 points for the tgt of 100 points+

warm regards
magnet man
 
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dear magnet man

i am holding two puts 5400 and 5300 buy @ 100 RS each. plz guide me may i hold till expiry or sell them plz guide me i need ur help

manish
frank opinion, its difficult to say , but lokks like its up till expiry, if close red 2maro also, then only expect more downside.

warm regards
magnet man
 
magnet calls for wednesday

nifty achieved both tgt , 5320 and 5402.

even managed to cross 5402(though it felt res. there for ffew hours)
now its heading towards 5548 and may be 5594.

r we out of danger?

these two last hurdle r there, if nifty manage to cross 5595, then it will move upto 6100-6300 in medium term.

support on lower side is 5260, break of which will tgt 5074 again and break of 5074 will tgt 4930.
one can buy nifty if opens flat and shud book profit before 5548,can sell at res. with sl

trade accordingly.

warm regards
magnet man
 
C

Czar

Guest
Re: magnet calls for wednesday

now its heading towards 5548 and may be 5594.

r we out of danger?

these two last hurdle r there, if nifty manage to cross 5595, then it will move upto 6100-6300 in medium term.

warm regards
magnet man
both targets achieved but not on closing, magnet saheb where art thou...
 

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