If you have missed this corrective down side rally( going on)--no problem..
But don't miss out next rally upside..
Tomorrow after opening, if nifty future starts going up, then it can maximum retrace up side up to 6227( black line )..
If nifty future can stay above 6230 for 1 hour after opening tomorrow, then only it can only start next up side rally..
But i think nifty future can only retrace up side, if any retrace at all there, to 6227 max and fall from there.. Down side target i am looking for up to 6132-6116-6092( light pink colored lines-down side).. I feel at this moment nifty future will not break 6100 level.. From down side we can go for long. I will post my comments at just nifty when nifty future will reach the bottom tomorrow-as per my view.. I an in short position and i will book profit at down side or i will revers my position if nifty future stay above 6230 for 1 hour after opening tomorrow..
Now about my OPTION strategy, which i discussed few days back ,,, if you can take some risk then you can go for it,, it will be low risk- high reward ratio.
If any one interested,can take the following contracts..
1. Buy any one of 6600-6700-6800 CE ( call- November Series ),, but it should be below 20 and which ever is higher price in between 6600 to 6800.
2. Buy any one of 5500-5600 PE ( put- November Series ),, but it should be below 20 and which ever is higher price in between 5500 and 5600..
Disclaimer-- I will buy this ,, but for others- it is of their own risk( in stock market any can happen any time and you can lose your all money ),, or can try in pen and paper only.
Sir,
ReplyDeleteIt is a very interesting strategy. What will be the maximum loss if we buy one nifty lot in call & put at the given levels.
R Prakash
@rrprakash..
ReplyDeletesorry for late reply..
maximum loss can be just your investment money..
But i am expecting one will be more than 100 and others can be zero..
Regards
Siddharth.
hi,i shll b following ur call closely,on paper first.lets see wat happens,if d nifty expires between this range both the ce n pe wil b worthless.i think your aim is to book profits when either d call or d put is around 100.am i right?btw,the 5500pe is at 28 for nov and the 6600 ce fr nov is at 22.is that an ok combo.plz reply.
ReplyDeletethnx and regds gauri
@rashmi..
ReplyDeletehello..
You can buy 6600 ce-nov-- last close 22.95
or can buy 6700 ce-- last close 14.3
and for pe-nov,, let it come down to 20 or below, then buy.
Regards
Siddharth
mail.dhar.sid@gmail.com
thnks fr d reply,is there any site where i can c the daily value of d calls n puts fr d last 2 months.earlier i used to do this at stocksfortunedotcom,but now it has become a paid site[frm 8th oct]
ReplyDeleteregsa rashmi
Just go to NSE site.
ReplyDeletewww.nseindia.com
after opening the page, click on "option chain",
it is inside the box "derivatives" in the main front page.
After click on "option chain" a new page will come out there.its a live one. there u can select the other series also.
For live price, u have to click on "refresh page".
Its a free site from NSE.
Or u can download the bhav copy from this site.
bhav copy is always a EOD report file.
Regards
Siddharth.
dear siddhartha,ur doing a wonderful ob,i lost a gud amount when i went short earlier in d month so much so that i hv only been trading in stocks now,afraid to lose more.i know about the option chain.what i wanted to know was if there is any site which could provide me with all d highs n lows on all d days between aug n sept for d ce n pe strike rates5500-6500.it ws earlier availble at stocksfortune but now its become a paid site.
ReplyDeleteonce again ill b watching d level 6042 as given by u very keenly,n hope to buy 6000ce fr oct.
all d best,regds,rashmi
@rashmi...
ReplyDeleteDear rashmi,, for that u have to download bhav copy from nse site. There current and previous day and month copy is also available. Just download and use it.. I don't know about any other site for this purpose..
For entry in new trade tomorrow, as u said u have lost so much money before, so this time wait for 6145 point. Once nifty future cross this, take 6300 CE(oct).
Once nifty future cross 6145 level tomorrow, then it will not go down side before the new short term high.
My upside target intact as of now..
Regards
Siddharth.