NIFTY positional trade practice

LoneWolf

Well-Known Member
#11
Date : 18 Jan 2017



NIFTY continues it sideways range for one more day. Looking at the morning bullishness it appeared that the resistance at 8450 will be finally taken out, but bears managed to mark price down. Some demand is seen from 8400. But it appears that a re-test of 8370 is on card.

Update on Open Trades

Trade 1

Date : 13 Jan 2017
Sold 1 lot, 8450 JAN CE @ 48.
Sold 1 lot, 8300 JAN PE @ 29

Net Premium received = 77 pts
Max stop loss = 33 points i.e. net premuim > 107 points
Target = 46 points i.e. net premium < 31 points.

Date : 18 Jan 2017
CMP of 8450 JAN CE = 41.50
CMP of 8300 JAN PE = 17.80
Net Premium = 59.30

Unrealised P/L = +17.70 points

Trade 2 : [Closed]

Naked SHORT on 8500 JAN PE, 1 lot @ 104, Exit @ 104, Net P/L = 0.00
 

xitija

Well-Known Member
#12
In google search,3 threads attracted me for my option learning process.Your thread is one of it.I too want to learn option.I will be asking you few queries,hope you dont mind it.
 

LoneWolf

Well-Known Member
#14
Date : 18 Jan 2017

But it appears that a re-test of 8370 is on card.

Update on Open Trades

Trade 1

Date : 13 Jan 2017
Sold 1 lot, 8450 JAN CE @ 48.
Sold 1 lot, 8300 JAN PE @ 29

Net Premium received = 77 pts
Max stop loss = 33 points i.e. net premuim > 107 points
Target = 46 points i.e. net premium < 31 points.
Target achieved.. Combined premium for the pair is now at 30.
NIFTY broke the support below 8370-8350
Closing the position with profit pocketed for 46 points
 

LoneWolf

Well-Known Member
#15
Now plans for next trade

NIFTY has broken the minor support in 8350-8370 range. Intermediate trend remains uptrend with undergoing correction. So my primary trade direction will be on LONG side, but wil consider counter trend SHORT if bears manage to get strength and momentum below 8350 in the anticipation of trend reversal..

Will plan the next position on FEB series contract.
 

LoneWolf

Well-Known Member
#16
Initiating a fresh position on NIFTY FEB 8600 PE, Short 1 lot at 232, SL at today's high at 280..
 

LoneWolf

Well-Known Member
#17
Initiating a fresh position on NIFTY FEB 8600 PE, Short 1 lot at 232, SL at today's high at 280..
Tightening the SL for this open position to 250, in case the market is not ready for a rise..
 

LoneWolf

Well-Known Member
#19
Date : 23 Jan 2017



NIFTY broke below 8350 and quickly reverses. My open trade pair of JAN 8450 CE and 8300 PE were trading at 19 and 11 respectively. Target got achieved for a combined premium below 31, So i closed the trade.

Next on a BOF Long attemted through shorting 8600 PE from FEB series at 232, with a SL at 280. But since price started falling on NFITY spot, scratched the SHORT on 8600 PE at 250 for a loss of 18 points.

Now price is back in the range of 8350-8450, Price is appearing on a bullish bias, will be waiting for right time to initiate any LONG positional trades.
 

LoneWolf

Well-Known Member
#20
Date : 24 Jan 2016

BOF near 8350 succeeded, so now the expectation is for a continuation of intermediate uptrend.



Since positional LONG can not be timed with the opening bar, so I would take the LONG above the 1st 30m bar high which closed above PDH.

Trading contract - NIFTY FEB 8600 PE
Trade : Short 1 Lot NIFTY FEB 8600 PE at 212, SL = 265
This is a directional LONG trade, so there wont be any target, Will keep holding it as long as trend lasts.
I will open other legs with this trade as per the market unfolds next.

CMP of NIFTY 8600 PE on 24th Jan at 3:30 PM = 178.
Unrealized profit = 34 points
Trailed SL for next session will be at 230
 

Similar threads