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Nifty View - May Series 2014 |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #61  Posted: Fri May 02, 2014 6:39 pm Post subject: |
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| riteshucha wrote: | vinay.. NF low 6720.10...waaah..
| vinay28 wrote: | | riteshucha wrote: | hmmm...
whats ur call today vinay.. as in intra levels.. |
long with SL 6720NF |
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and now you will call it black magic, eh?  |
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vinay28
Black Belt
Joined: 24 Dec 2010
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| Post: #62 Posted: Fri May 02, 2014 7:07 pm Post subject: |
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| for whatever it is worth |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #63 Posted: Sat May 03, 2014 12:52 pm Post subject: |
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I am giving below levels of NF seen during dummy trading today (3/5/14).
NF – H/L – 7399.40/6054.05
S4 – 6336.02, S3 – 6473.82, S2 – 6611.62, S1 – 6669.03, PP – 6749.42, R1 – 6806.83, R2 – 6887.22, R3 – 7025.02 and R4 – 7162.82.
If one wants to trust them to be extreme levels for May, one can short 7400ce and 6000pe. However, one has to be careful from 12th May. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #64 Posted: Sat May 03, 2014 1:21 pm Post subject: |
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naah.. just precise reading of the charts!!!
may be u can now start giving intra levels..
| vinay28 wrote: | | riteshucha wrote: | vinay.. NF low 6720.10...waaah..
| vinay28 wrote: | | riteshucha wrote: | hmmm...
whats ur call today vinay.. as in intra levels.. |
long with SL 6720NF |
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and now you will call it black magic, eh? |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #65 Posted: Sat May 03, 2014 1:34 pm Post subject: |
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one can short 7400ce and 6000pe.
since mkt can move 5% up or down ,why short (and run the risk of unlimited loss)?...
doesnt buying instead seem less risky? (limited loss / unlimited profit)
| vinay28 wrote: | I am giving below levels of NF seen during dummy trading today (3/5/14).
NF – H/L – 7399.40/6054.05
S4 – 6336.02, S3 – 6473.82, S2 – 6611.62, S1 – 6669.03, PP – 6749.42, R1 – 6806.83, R2 – 6887.22, R3 – 7025.02 and R4 – 7162.82.
If one wants to trust them to be extreme levels for May, one can short 7400ce and 6000pe. However, one has to be careful from 12th May. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #66 Posted: Sat May 03, 2014 1:41 pm Post subject: |
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| sorry misunderstood... u probably meant in run up to the election results day.. my bad.. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #67 Posted: Sat May 03, 2014 1:44 pm Post subject: |
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| riteshucha wrote: | one can short 7400ce and 6000pe.
since mkt can move 5% up or down ,why short (and run the risk of unlimited loss)?...
doesnt buying instead seem less risky? (limited loss / unlimited profit) |
strictly speaking, both are risky as we may see 10% up/down after 16th. But writing has to be held till expiry. One must have guts and funds to bear MTM losses. Also, mine was just a comment after noting those levels and past experience with such dummy trading. If these levels indeed come as "limits" for May, then one has to see how much one can gain e.g. cmp is about >38 and >41, so max gain will be about 80, but probably safe.
Last edited by vinay28 on Sat May 03, 2014 4:41 pm; edited 1 time in total |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #68 Posted: Sat May 03, 2014 2:07 pm Post subject: |
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thanks for being so patient with me...  |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #69 Posted: Sat May 03, 2014 3:25 pm Post subject: |
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| vinay28 wrote: | | strictly speaking, both are risky as we may see 10% up/down after 16th. But writing has to be held till expiry. One must have guts and funds to bear MTM losses. Also, mine was just a comment after noting those levels and past experience with such dummy trading. If these levels indeed come as "limits" for May, then one has to see how much one can gain e.g. both are just 9 rupees so max gain is 18 only but probably safe. |
LTP as per 2.5.14
7400C - 41.95
6000P - 38.40
and not 9 rupees as mentioned by you
BTW, 9.10 and 9 Rupees is the net change in price of call and put |
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saumya12
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Joined: 21 Dec 2011
Posts: 1509
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| Post: #70 Posted: Sat May 03, 2014 3:33 pm Post subject: |
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NS +ww 15 min tf tgt 6740 2.5.14
NF +ww 15 min tf tgt 6785 2.5.14
And in intraday chart of 3/5 min tf there are multiple +ww |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #71 Posted: Sat May 03, 2014 4:40 pm Post subject: |
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| saumya12 wrote: | | vinay28 wrote: | | strictly speaking, both are risky as we may see 10% up/down after 16th. But writing has to be held till expiry. One must have guts and funds to bear MTM losses. Also, mine was just a comment after noting those levels and past experience with such dummy trading. If these levels indeed come as "limits" for May, then one has to see how much one can gain e.g. both are just 9 rupees so max gain is 18 only but probably safe. |
LTP as per 2.5.14
7400C - 41.95
6000P - 38.40
and not 9 rupees as mentioned by you
BTW, 9.10 and 9 Rupees is the net change in price of call and put |
oops. saumya thank you soooo much. so gain could be about 80. I will correct original post. |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #72 Posted: Sun May 04, 2014 5:22 pm Post subject: |
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As on 2.5.14, EOD chart
NS - Inside bar day
NF - Inside bar day
BN - Inside bar with NR4 day
BNF - Inside bar with NR4 day |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #73 Posted: Sun May 04, 2014 5:36 pm Post subject: |
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| saumya12 wrote: | As on 2.5.14, EOD chart
NS - Inside bar day
NF - Inside bar day
BN - Inside bar with NR4 day
BNF - Inside bar with NR4 day |
also a harami but weak one.  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #74 Posted: Mon May 05, 2014 1:27 pm Post subject: |
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| If today's candle is green, it will be bullish engulfing. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #75 Posted: Mon May 05, 2014 3:03 pm Post subject: |
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| vinay28 wrote: | | If today's candle is green, it will be bullish engulfing. |
then chance for negative only now... |
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