diary of a day trader

[timepass]

Budget Day Options combo (just to check)....


Nifty Spot 5795...

feb series :

5800 CE/PE...37+43 = 80.............profitable 5880+/5720-

5700 PE + 5900 CE = 11+8 = 19

march series :

5800 CE/PE...111+90= 201

5700 PE + 5900 CE .. 53+65 = 118

5600 PE + 6000 CE ...30+35 = 65

Ravi, I was thinking of placing "Buy Above" orders for some BNF options tomorrow. Maybe place the orders for options (both CE & PE) having value less than 20Rs. to buy above Rs. 30 or so for a profit of about 12-15 Rs.

The logic is that whenever a sharp move comes, it will sharply drive the option upwards, before you can think or react. Maybe it will subside within a minute or two (who knows). So, when the move happens, we already have a purchase order, all we have to react is to place the sell order quickly enough.

Comments please.

 

[rajgreenpeace]

Ravi, I was thinking of placing "Buy Above" orders for some BNF options tomorrow. Maybe place the orders for options (both CE & PE) having value less than 20Rs. to buy above Rs. 30 or so for a profit of about 12-15 Rs.

The logic is that whenever a sharp move comes, it will sharply drive the option upwards, before you can think or react. Maybe it will subside within a minute or two (who knows). So, when the move happens, we already have a purchase order, all we have to react is to place the sell order quickly enough.

Comments please.

Same method m applying..in future:thumb::thumb::thumb:

 

[TraderRavi]

Ravi, I was thinking of placing "Buy Above" orders for some BNF options tomorrow. Maybe place the orders for options (both CE & PE) having value less than 20Rs. to buy above Rs. 30 or so for a profit of about 12-15 Rs.

The logic is that whenever a sharp move comes, it will sharply drive the option upwards, before you can think or react. Maybe it will subside within a minute or two (who knows). So, when the move happens, we already have a purchase order, all we have to react is to place the sell order quickly enough.

Comments please.

augubhai uses such type of "buy stops "..but the problem is you never know where momentum slows, it could be like buy @ the top .......

I have analysed last 3 years of budget day charts .....upto 11 am sideways or 10-20 points movement after 11am or 12 ...when budget speech starts wild move of 100 - 150 points starts , but its always reverses and first move can be deceptive ....say first move 30 point upside, traders jumped in the long, whipsawed and then 100 point sharp move down........but two to three, 100 point moves will come on both side.......

 

[TraderRavi]

now some querries about " buy stop and sell stop ".....as I have never used them....

say price is @ 25 ...I want to buy above 35 ...so I will place a SL buy order ..trigger price 35 ...limit price 40......so that order will fill between 35 & 40.......it it correct..? can I place a sell limit order above it , say sell @ 50.....so that first buy order fill and then automatically fill the sell order too...(in option selling requires margin, so this second order may get rejected without first buying)...

now for sell stop........

price is @ 5800 ...I want to sell below 5760 future ...then SL sell oder ...trigger price @ 5760 ..limit price @ 5750 ......and here we can set a lower buy order @ 5720......because in futures buy-sell is same ...unlike options.....is it correct...

 

[saivenkat]

Good Morning Ravi bro.. Just now i gt up...and you are already active like PC..

Correct... Ravi bro.. what you have described....Have a good time..

 

[TraderRavi]

Good Morning Ravi bro.. Just now i gt up...and you are already active like PC..

Correct... Ravi bro.. what you have described....Have a good time..

hi sai, anymore trades you have done , after milking sbi puts on results day....

 

[saivenkat]

yes.. Holding 280 ITC puts, 5700 PE, and 5900 CE of FEB, and 5600 PE of March.. as Budget Spl.. All these are with Zero SL.. If profit Comes ok.. If capital gone.. no worries..
Rest.. are in Cash Segment.. HDFC, Apollo Hospitals only small amounts.. profit 10k..

 

[calic]

now some querries about " buy stop and sell stop ".....as I have never used them....

say price is @ 25 ...I want to buy above 35 ...so I will place a SL buy order ..trigger price 35 ...limit price 40......so that order will fill between 35 & 40.......it it correct..? can I place a sell limit order above it , say sell @ 50.....so that first buy order fill and then automatically fill the sell order too...(in option selling requires margin, so this second order may get rejected without first buying)...

now for sell stop........

price is @ 5800 ...I want to sell below 5760 future ...then SL sell oder ...trigger price @ 5760 ..limit price @ 5750 ......and here we can set a lower buy order @ 5720......because in futures buy-sell is same ...unlike options.....is it correct...

A minute correction. If you want to buy above 35 trigger should be one tick above 35 ie 35.05 and for sell below 5760 trigger should be 5759.95.

 

[ajeetsingh]

Today is Budget Day and Expiry day so,
if budget is good then futures can climb 5950, 6000, 6060 in coming days
but if its bad then we'll see 5600, 5520, 5375 in coming days.
and if budget seems flat then i am hoping 5700, 5650 only, in coming days
Today future face resistance @ 5820 if keeps trading above this level for 15-20mins then next resistance @ 5850
and if after budget future stays above 5850 then next resistance @ 5890 & 5930
Similarly for today support is @ 5780, if trades below this level after budget then next support @ 5740. After this nifty futures can slide to 5680 and then 5630.
so key levels for intraday to watch are 5820 and 5780.
So here the game begins.....

 

[soft_trader]

A minute correction. If you want to buy above 35 trigger should be one tick above 35 ie 35.05 and for sell below 5760 trigger should be 5759.95.

No man you are wrong.

In SL BUY order trigger should be lower or equal to the limit price, and for SL SELL order trigger should be equal to or greater than the limit price.