15% Guaranteed Returns - Buy both Call & Put options Strategy

Wish I had seen your thread earlier. Good thread you started :thumb: :clap:

Any ideas on upcoming results...

If there is any work that can be shared for arriving at better decisions please post here or PM me.

Hi Ragav,

I have skipped the results of TCS & Reliance as am not sure either of these companies would disappoint or surprise market estimates with Huge difference like Infy.

So I have initiated Long Strangle on Bank Nifty, due to RBI rate cut expectancy

11500 CE @ 110 & 11100 PE @ 108. Currently 11500CE Iis @ 210 & PE @ 50

good going cubt,

it would be nice if u can post your trades when u take them or prior to that along with your reasoning

it will help many

thanks

sure, henceforth once i take any trade i will post it here. I found NR 7 trading strategy in this forum, am currently back testing it with Options, Nifty futures & currency(USDINR). There results are amazingly positive with few false triggers.

am not sure if anybody has already tried NR7 setup with Options. It would be great if anybody could give their inputs.

as far as Long strangle is concerned, am currently taking positions based on the following factors.

1. Look for any news that would trigger huge movements either ways.
2. Check the Support & Resistance level of the stock or index you are purchasing & exit accordingly.

I usually the exit the PE @ the support levels and exit CE @ resistance levels.

This thread has good charts for S/R: http://www.traderji.com/technical-analysis/69380-charts-day-53.html

Dear CUBT, how do you check support/resistance level. Is there any method? kindly guide us.
After refering NR7, i was also thinking of the same like going for long strangle etc. but could not dare to do so.
Good that you are backtesting it.Keep it up.

Hi hmp,

I just follow the basic of support/resistance. No Moving average,No Technical Indicators.. Just Support & Resistance. And I use ChartNexus software for TA analysis.

below link contains basic info on how to identify Support and resistance
http://www.babypips.com/school/support-and-resistance.html

This is how Leeson blew up the centuries old Barrings bank, and then called himself the rogue trader.

should i try indus ind bank today?

On what basis you are trying to enter indus bank? any important reasons? If it really satisfies you, then go for it.