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Nifty Futures only - AA |
ridinghood Yellow Belt
Joined: 16 Apr 2009 Posts: 724
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Post: #181 Posted: Thu Sep 28, 2017 12:20 pm Post subject: |
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Thanks Amit nd niftyman for your update.
I failed to make the most of it as my trailing so for shorts got hit
Even then vry profitable
Great work
Regards |
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ridinghood Yellow Belt
Joined: 16 Apr 2009 Posts: 724
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Post: #182 Posted: Thu Sep 28, 2017 12:21 pm Post subject: |
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So = SL |
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Niftyman White Belt
Joined: 22 Mar 2015 Posts: 340
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Post: #183 Posted: Thu Sep 28, 2017 2:39 pm Post subject: |
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ridinghood wrote: | Thanks Amit nd niftyman for your update.
I failed to make the most of it as my trailing so for shorts got hit
Even then vry profitable
Great work
Regards |
No ridinghood
Its not my target, I only post amit calculations.
My down target (at present moment) is much lower, say about 9400/350
Cant time it but likely to get in next 2 series, that may extend to third (Dec series) |
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ridinghood Yellow Belt
Joined: 16 Apr 2009 Posts: 724
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Post: #184 Posted: Thu Sep 28, 2017 2:54 pm Post subject: |
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Ok, thanks |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #185 Posted: Sun Oct 01, 2017 10:36 am Post subject: |
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Was on vacation. Would get back with further thoughts |
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ridinghood Yellow Belt
Joined: 16 Apr 2009 Posts: 724
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Post: #186 Posted: Sun Oct 01, 2017 12:05 pm Post subject: |
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eagerly waiting |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #187 Posted: Mon Oct 02, 2017 8:12 pm Post subject: |
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Niftyman wrote: | amitagg wrote: | ridinghood wrote: | Will appreciate if you give target of this down move as per your market reading
Regards |
Now we are near the level so posting
9677 plus minus 50 /70 points |
So max downfall is upto 9600 approximately |
This was posted before the low on 28th of 9687........just 10 points shy and rose to 9851......
If we have to kill sideways markets of many months to come, we have to stay afloat above 9622-100=9530 points...... |
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ridinghood Yellow Belt
Joined: 16 Apr 2009 Posts: 724
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Post: #188 Posted: Mon Oct 02, 2017 9:07 pm Post subject: |
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Will keep this in mind
Thanks |
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ridinghood Yellow Belt
Joined: 16 Apr 2009 Posts: 724
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Post: #189 Posted: Wed Oct 04, 2017 6:23 pm Post subject: |
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Pl suggest trade possibilities at this point
Regards |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #190 Posted: Thu Oct 05, 2017 7:07 pm Post subject: |
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Since some lower time frame below daily are in sideways , markets CANNOT break on upside..... You can sell 10000 call at 55 last closing price and earn whatever percentage ( some people would calculate a fancy return which I refrain from doing) over 21 days.......you would see that's not something that would have been on your mind and hence that's the reason this trade should be profitable
Disclaimer: this is just a view and there is no assurance it would be successful.
Sellin options is a risky trade. |
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ridinghood Yellow Belt
Joined: 16 Apr 2009 Posts: 724
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Post: #191 Posted: Thu Oct 05, 2017 7:16 pm Post subject: |
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Thanks Amit
regards |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #192 Posted: Fri Oct 06, 2017 2:22 pm Post subject: |
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Are u "riding".....
I have just sold few lots of 10000 call @ 75 ( with my view of sideways 50-70 points from focal of 9777 NS)
NS can rise to 10020 approx CMP 9958
( that's why I suggested call yesterday rather than shorting NF like people following JT thread would have done)
Lower risk despite selling options
Maintain sufficient margin
Don't over leverage ....
Note : it's a intra buy since 9936 and hence trade is to be taken with caution knowing it can result in losses......
@ corrected to 10020 from 10120 |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #193 Posted: Fri Oct 06, 2017 2:34 pm Post subject: |
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Note : they can be a gap up tomorrow however trade management would involve typically NO action for this trade ....
(Hard) Stop is 10130 NS
Selling price is 10000+75=10075
Let time pass and price give any contrary indication.
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ridinghood Yellow Belt
Joined: 16 Apr 2009 Posts: 724
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Post: #194 Posted: Sat Oct 07, 2017 2:42 pm Post subject: |
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Thanks Amit for update.
Not used to selling options so did not take the trade.
Any chance for buying put now or later? |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #195 Posted: Sat Oct 07, 2017 6:06 pm Post subject: |
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ridinghood wrote: | Thanks Amit for update.
Not used to selling options so did not take the trade.
Any chance for buying put now or later? |
Not quite..... Not sure of your return expectations
It's 4 wave correction flat or triangle and hence markets would likely NOT fall below 9600
( puts can still yield money that's other matter)
And after the correction first My PENDING target of 10240/10300 should be HIT
That's not what people are expecting though |
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