1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures - Bac

[meenulalit]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Dear Raj

I recently read your posts and downloaded the tools given by you last year for generating automatic buy/sell with Renko charts and flow charts. The last tool given by you is no longer available on 4shared. Could you please upload the tools again so that newbies like me can benefit

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Options Update at EOD

At EOD the MAX CHG in OI remained at 5800PE-6000CE pair.
OT also recommended selling this pair.

5800 PE - had 11L positions compared to 6.5L positions in 6000 CE.
So if there is a GAP UP opening tomorrow the Resistance would be at 5929 and with Support at 5877.

Nowadays the opportunity is there only as GAP UP or GAP Down and so best strategy is to go for Pair trading at EOD based on MAX CHG in OI.

The 5700PE-6000CE (Opened @ 88) pair and 5800-6100 (Opened @ 98) pair should be closed before tomorrow EOD.

Today the pair closed at
5700-6000 - 10 points profit
5800-6100 - 14 points profit.

On Thursday we have the INFY results and the starting of the RESULTS season, and anything can happen after the INFY results. So close your positions by all means on tomorrow.

We will take fresh positions on Thursday EOD / Friday EOD.

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Dear Raj

I recently read your posts and downloaded the tools given by you last year for generating automatic buy/sell with Renko charts and flow charts. The last tool given by you is no longer available on 4shared. Could you please upload the tools again so that newbies like me can benefit

Please download the latest tools. The old links/tools are outdated. Please see my signature for the links

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

INFY Results and the Options Update

Have been observing INFY for the past one week from OC (OptionsChain) perspective. The MAX OI was at 2400-2700 in the last week.

Today MAX OI has changed to 2200PE-2700CE
The MAX CHG in OI was in the range of 2200PE-2800CE.

We will also look the INFY options on tomorrow EOD to see if there are any opportunities for Pair trading.

For Positional traders, as of today, the Pivot is at 2450. So Go Long above 2450 and Sell below 2450.
Resistance @ 2703 and Support @ 2195

 

[gmt900]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

INFY Results and the Options Update

Have been observing INFY for the past one week from OC (OptionsChain) perspective. The MAX OI was at 2400-2700 in the last week.

Today MAX OI has changed to 2200PE-2700CE
The MAX CHG in OI was in the range of 2200PE-2800CE.

We will also look the INFY options on tomorrow EOD to see if there are any opportunities for Pair trading.

For Positional traders, as of today, the Pivot is at 2450. So Go Long above 2450 and Sell below 2450.
Resistance @ 2703 and Support @ 2195

One of the analysts on TV recommended 2700-2200 short strangle giving a premium of 125 points. Planning to see how it goes . Will not take position.

 

[Option.Trader]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

One of the analysts on TV recommended 2700-2200 short strangle giving a premium of 125 points. Planning to see how it goes . Will not take position.

Yep..playing out the volatility... its at a record volatility and not expected to break 15% on either side... am not sure why they would want to play a strangle when it is not expected to have the wild swings... people anyway have low expectation, so a bad result is not going to surprise and good result beating expectation is out of question... looks like a wrong time to play a strangle... instead selling the strangle considering volatility would die down seems reasonable

 

[gmt900]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Yep..playing out the volatility... its at a record volatility and not expected to break 15% on either side... am not sure why they would want to play a strangle when it is not expected to have the wild swings... people anyway have low expectation, so a bad result is not going to surprise and good result beating expectation is out of question... looks like a wrong time to play a strangle... instead selling the strangle considering volatility would die down seems reasonable

I think you got it wrong. The recommendation is for short strangle involving selling 2700 C and 2200 P. Since the volatility will reduce after declaration of result, the premium will reduce and you can either close the position with whatever profit you get or keep it till expiry and pocket the entire profit of 120+ points.

 

[Option.Trader]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

I think you got it wrong. The recommendation is for short strangle involving selling 2700 C and 2200 P. Since the volatility will reduce after declaration of result, the premium will reduce and you can either close the position with whatever profit you get or keep it till expiry and pocket the entire profit of 120+ points.

Yes.. didnt read the "short" in your post though i was suggesting the same... i agree with the strategy

 

[jamit_05]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Jamit, it's better not to be biased. If Nifty breaks 5920 and 5970 the trades on longer side will be profitable. 5700 for all you know might become the base and ideal for option writers. The pair I wrote 5700-6000 is already in 11 points profit.
Better trade for buying based on levels would be 5800pe when Nifty touches 5900 for a stop loss of 5920, provided 5800pe does not form base

One can presume that the risk is defined by selling 5700 PE as the base is formed at 5600. But, on the upside there is no ceiling yet. Which means price is likely to rally up.

Hence, I ask for the SL.

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

10-Jul-13 Option Analysis

At 9:30 AM

MAX CHG in OI at 5800Pe-5900CE indicating a Trend.

5800PE @ 450K
5900CE @ 150K

It is a BUY with Targets of 5905 and 5930 - The Targets could be met only in the Afternoon. In the morning it would be Rangebound I think.

Intraday Pivot at 5850. Positional Pivot at 5820. It is trading above both the pivots

Yesterday's pivot of 5877 - Seems to have been taken. So Buy around 5865 -5875 with Stoploss as 5848.

Option Traders can Buy 5800CE and SELL 5800PE/5900CE.

Yesterday the pairs closed with following profit.
5700-6000 - 10 points profit
5800-6100 - 14 points profit.

Today it is at
5700-6000 - 10 points profit.
5800-6100 - 18 points profit.