Nifty Futures Trading

nareshch · #**2661** 29th March 2008, 12:54 AM

Nifty raced too much today and even on this day FII are sellers in all segments ( Cash ,Index fut and stock fut ) .. Not a very good indication

Naresh

anjubhatia · #**2662** 29th March 2008, 11:35 AM

Quote:

Originally Posted by uasish

Kalyan,

I have an impression that Writing is always better as Time decay would be in my favour,actually i sold today the 4800 Str Put (including this trade ,till date in 7 yrs i have taken max 30 trades in Options).Now reading your post it seems imprudent to do so.However have to understand it,in a structured self imposing regime of few weeks.

Asish

ashish sir,
as i m playing options only frm last two years, so wish to comment on above trade,fr selling 4800 put
means1. u r assuming that nifty willnt go 4700 in this month!!!!!!!!
2.or u will cover say on monday/teuesday at lower price!!!!!!
3. or u r playing straddle!!!!!!
plz clear ur view, as fr me u r mentor in nifty trade.
thanks

uasish · #**2663** 29th March 2008, 11:44 AM

Quote:

Originally Posted by anjubhatia

ashish sir,
as i m playing options only frm last two years, so wish to comment on above trade,fr selling 4800 put
means1. u r assuming that nifty willnt go 4700 in this month!!!!!!!!
2.or u will cover say on monday/teuesday at lower price!!!!!!
3. or u r playing straddle!!!!!!
plz clear ur view, as fr me u r mentor in nifty trade.
thanks

I sold @ 128.00 & covered the same in the same day @ 101.00,that was when yesterday Nifty Fut was trading near 4797.00 (at that time it was High) & when it dashed up & simply covered it,no reading in it.

However a Nifty view will be posted before Monday 9.30am.

kkseal · #**2664** 29th March 2008, 11:46 AM

Quote:

Originally Posted by uasish

Kalyan,

I have an impression that Writing is always better as Time decay would be in my favour,actually i sold today the 4800 Str Put (including this trade ,till date in 7 yrs i have taken max 30 trades in Options).Now reading your post it seems imprudent to do so.However have to understand it,in a structured self imposing regime of few weeks.

Asish

Ashishda, i didn't mean to imply that option writing is imprudent - actually i have no idea as to what is right & what is wrong in writing as i have not paid any attention to it let alone making any such trade. I have so far avoided writing due to the unlimited risk involved (as pointed out by Aca).

However might be a good ploy close to expiry

Regards,
Kalyan.

Czar · #**2665** 29th March 2008, 11:47 AM

so guys do we have a swing break by 2.9 points ?

Best period for selling options is after mid month...

uasish · #**2666** 29th March 2008, 11:50 AM

Quote:

Originally Posted by Czar

so guys do we have a swing break by 2.9 points ?

Could not get you.

kkseal · #**2667** 29th March 2008, 11:55 AM

[quote=aad;167808][quote=SavantGarde;167733][color="Purple"]Day Runners For Monday 31st March 2008

1) NTPC CMP:204.35 Target 209.40-211.80

............

SavantGarde

Quote:

Dear SavantGarde,

I am curious here and want to know how you could calculate precise target, particularly 211.80 ? What I could see is, on daily chart of NTPC, it did make higher top today but volumes were almost half of its previous days. I also see that it is also in the strong resistance zone today but it is rallying ever since it hit the double bottom with good volumes (except today). Your answer will help me understand where and what I am missing to calculate such precise targets.

Aha, Abhay, Savant is a Master when it comes to calculating such precise lvls. As far as i know, he bases them on a lot of things while most of us rely on any 1 thing.

Regards,
Kalyan.

anjubhatia · #**2668** 29th March 2008, 11:57 AM

Quote:

Originally Posted by uasish

I sold @ 128.00 & covered the same in the same day @ 101.00,that was when yesterday Nifty Fut was trading near 4797.00 (at that time it was High) & when it dashed up & simply covered it,no reading in it.

However a Nifty view will be posted before Monday 9.30am.

thanks..........

Czar · #**2669** 29th March 2008, 11:57 AM

we broke the 12th march high of 4997 on NF ? till now we were still dabbling within the last fall from 4997 to 4476... so a pull back & breakout of 4999 would be great, imho

vmj369 · #**2670** 29th March 2008, 02:16 PM

Is bull market is over? hello guys, how are you doing?

i just checked charts of BSE index from 1990 to till today, i found following interesting remarks.

1) BSE index started rally from the rally of 659 level in the month of April 1990 and it reached up to 4,643 level in the month of September 1994.

2) BSE index again started its rally from the level of 2904 in the month of April 2003 and it reachedd up to 21,206 level in the month of Jan 2008.

3) Both time BSE index gained almost 600% from their low level.

4) Both time BSE index rallied for 55 months from their low level.

5) in the month of Jan 2008, index reached up to its upper trend line.

I am also attaching chart of BSE index and u can find as attachment.

so, waht your view?

Thanks,

Manish