iCharts Discussions

[pavan29]

Nifty

1.When futures hits around 8470, buy Dec 8450 PE
2.If price reaches beyond 8700 , buy Dec 8700 CE as well
3.When futures hits around 8050 , buy Dec 8050 CE
4.If price reaches beyond 7850 , buy Dec 7850 PE as well

Currently Dec futures is around 8200.

Look for Nifty futures to touch 8450/8050 . Say if 8050 hits first, buy 8050 CE immediately at whatever price available in the market. This is an important reversal line for bounce. If the price bounces as expected, you would be the only one who bought the CE at the lowest level and target is when futures hits around 8450.

Again at this point, exit the CE call and buy the 8450 PE immediately. If the price reverses back , you would be the one who bought the PE at the lowest price and exit when futures hits around 8050 levels. Exit the trades.

If after buying 8450 PE / 8050 CE , the futures price goes beyond 8700 / below 7850, you would have to buy the 8700 CE/7850 PE as well and hold.

Ex, You bought 8050 CE in the assumption that price will rise. If futures goes below 7850 , immediately buy the 7850 PE. Hold this till futures goes back and above 8050 or let the trade continue till another 200 points. Reason: If the futures goes -ve, your losses are hedged by the 7850 PE.

Similar entry for 8450 PE call as well.



BANKNIFTY

When futures price reaches 19200

Buy BANKNIFTY Dec 19200 PE

When price reaches 18200, buy Dec 18200 CE

If price goes beyond 19800 after buying 19200 PE, buy 19800 CE and hold till price reverses below 19200 or till futures price hits extra 300 points upward.

If price goes below 17500 after buying 18200 CE, buy that PE and hold till price reverses above 18200 or till futures price hits extra 300 points downward.

[pavan29]

These levels are valid for the entire December month.

Once you bought them, sit back and enjoy....

[pavan29]

[pavan29]

Within few minutes of writing the post, Banknifty fell almost 500 points in a jiffy.

Cant believe the slide happened so fast...

[pavan29]

Similarly,

ICICI Dec 250 CE buy now around 12.75 , target = till futures hits 280

If price reaches below 235, buy 235 PE and hold as explained in previous scenario.

When futures price hits 280, exit CE and buy 280 PE. Buy 300 CE if futures goes beyond 295 after buying PE.

[pavan29]

TVSMOTORS

Futures price above 407 - Buy 410 CE
Futures price around 385- Buy 380 PE / Exit if long in 350 CE
Futures price around 350-345 - Buy 350 CE / Exit if long in 380 PE.
Futures price below 327- Buy 320 PE


Valid for entire month.


PLEASE NOTE: Ensure to wait for a 5 min candle to close near the expected future price, then wait and check if the respective CE/PE has fallen greatly before entering the trade.

Example was today's bank nifty post which i mentioned. More than 300 points premium fell giving good buying opportunity at very low price.

[pavan29]

Those who didnt take these trades earlier can also buy Jan option contracts now when the futures price is around the mentioned levels.. For sure the levels will hit atleast by Dec / Jan end