Option Buy Recomendations

jace48 · #**461** 24th July 2008, 06:39 PM

Dear ghosh_ak34,

With D-Day converted to V-Day what are you recommendation now?

sumeetsj · #**462** 25th July 2008, 12:26 PM

This is my first post here. Please correct me if i am worng.

Buy
ICICI 700 CA and 640 PA as ICICI results expected.

praveen taneja · #**463** 25th July 2008, 06:22 PM

Quote:

Originally Posted by sumeetsj

this is my first post here. Please correct me if i am worng.

Buy
icici 700 ca and 640 pa as icici results expected.

k but wat should b the strategy to exit the strangle?????

ghosh_ak34 · #**464** 25th July 2008, 08:07 PM

Quote:

Originally Posted by jace48

Dear ghosh_ak34,

With D-Day converted to V-Day what are you recommendation now?

Dear Jace48,

I hope you have enjoyed the party. Strategy for next week - buy Nifty calls at 4000/4100 and Nifty puts at 4500/4600 atleast. It seems market will remain sideways.
If Nifty opens with gap up and remain above 20pts till 10:30AM - 10:45 AM buy calls at S1 with SL 20-30% from your buy price. Book profit if your target is achieved or buy puts at R1 around 3:00 PM-3:15 PM and hold call with a trailing SL of say 10%.

If Nifty opens with gap down and remain below 20pts till 10:30AM - 10:45 AM buy puts at R1 with SL 20-30% from your buy price. Book profit if your target is achieved or buy calls at R1 around 3:00 PM-3:15 PM and and hold put with a trailing SL of say 10%.

Vary calls and puts nos. according to the trend.

Regards

balramsingh76 · #**465** 25th July 2008, 08:16 PM

Hi ,

U r doing well , keep continue ,
Regads,
balram

jace48 · #**466** 25th July 2008, 09:02 PM

Quote:

Originally Posted by ghosh_ak34

Dear Jace48,

I hope you have enjoyed the party.

Nopes

. I was unable to short left

trader999 · #**467** 25th July 2008, 10:13 PM

Ghosh Sir,
I dont get time during the day to trade.Is there any other way of making money in stock market after market hours ? Kindly advice

Ram

AW10 · #**468** 26th July 2008, 12:43 AM

Quote:

Originally Posted by trader999

Ghosh Sir,
I dont get time during the day to trade.Is there any other way of making money in stock market after market hours ? Kindly advice

Ram

Many online brokers provide the facility of placing "after market" orders. You can create your orders in the night and it will get executed next day. For this way of trading, it is better to use Limit Order or "Stop Trigger + Limit" order combination.
I know that ICICIDirect has this facility (I am sure other brokers will also be having it). And if your broker doesn't have this facility then he doesn't meet your requirement so don't hesitate to switch the broker.

Happy Trading.

GRORICH · #**469** 26th July 2008, 08:16 AM

Quote:

Originally Posted by ghosh_ak34

Dear Jace48,

I hope you have enjoyed the party. Strategy for next week - buy Nifty calls at 4000/4100 and Nifty puts at 4500/4600 atleast. It seems market will remain sideways.
If Nifty opens with gap up and remain above 20pts till 10:30AM - 10:45 AM buy calls at S1 with SL 20-30% from your buy price. Book profit if your target is achieved or buy puts at R1 around 3:00 PM-3:15 PM and hold call with a trailing SL of say 10%.

If Nifty opens with gap down and remain below 20pts till 10:30AM - 10:45 AM buy puts at R1 with SL 20-30% from your buy price. Book profit if your target is achieved or buy calls at R1 around 3:00 PM-3:15 PM and and hold put with a trailing SL of say 10%.

Vary calls and puts nos. according to the trend.

Regards

Sir,
As I understand your strategy , since now Nifty is around 4300 , we should not trade till it reaches either 4000 to 4100 on the downside or till it reaches 4500 on the upper side.
Kindly tell me whether I am correct or not ?
Thank you , sir

Grorich

ghosh_ak34 · #**470** 26th July 2008, 09:00 AM

Quote:

Originally Posted by GRORICH

Sir,
As I understand your strategy , since now Nifty is around 4300 , we should not trade till it reaches either 4000 to 4100 on the downside or till it reaches 4500 on the upper side.
Kindly tell me whether I am correct or not ?
Thank you , sir

Grorich

Dear Grorich,

Its Nifty strike price 4000/4100 (S1) where you are recomended to buy calls and buy puts at strike price4500/4600. So, there is no need to wait for these levels to reach. Request you to read the thread from start to understand the strategy.

Buy these options for next month (August) only. This month's expiry is nearing so avoid trading in options for this month (July).

Regards

The Following 2 Users Say Thank You to ghosh_ak34 For This Useful Post:
optionstrader (27th July 2008), tradengrow (31st July 2008)

The Following 3 Users Say Thank You to ghosh_ak34 For This Useful Post:
GRORICH (26th July 2008), mitasatyajit (26th July 2008), optionstrader (27th July 2008)