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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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Post: #4696  Posted: Sat Aug 18, 2012 9:17 pm Post subject: |
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[quote="vineet21"] | psalm wrote: | | doctorshah wrote: | | Samji Where are u? |
Psalm, I totally agree with u. I am also quite bearish on nifty. I had to cut my short positions too. I have closed my future positions. But i also have sold my entire cash holding, and I don't have any plans to buy them back as I am still seeing a decent amount of bearish signals although it got a bit late. |
A few days back I read an article in livemint dtd. 1.8.12 and it was stated in the article that one can hedge their position using call or put options, as the case may be, by paying small amount as premium.
So my question is, can't Sam and Vineet 21, hedge their positions (for further losses due to upward movement) using options strategy, instead of covering their positions, when they knew that it is just a matter of time for a bearish trend.
Thanks
P.S. I am sorry, I do not know abc of options and so my question may seems awkward. |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #4697 Posted: Sun Aug 19, 2012 12:42 pm Post subject: |
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[quote="saumya12"] | vineet21 wrote: | | psalm wrote: | | doctorshah wrote: | | Samji Where are u? |
Psalm, I totally agree with u. I am also quite bearish on nifty. I had to cut my short positions too. I have closed my future positions. But i also have sold my entire cash holding, and I don't have any plans to buy them back as I am still seeing a decent amount of bearish signals although it got a bit late. |
A few days back I read an article in livemint dtd. 1.8.12 and it was stated in the article that one can hedge their position using call or put options, as the case may be, by paying small amount as premium.
So my question is, can't Sam and Vineet 21, hedge their positions (for further losses due to upward movement) using options strategy, instead of covering their positions, when they knew that it is just a matter of time for a bearish trend.
Thanks
P.S. I am sorry, I do not know abc of options and so my question may seems awkward. |
soumya.. when you're pretty sure that market is gonna go down..why hedge it further and limit your gains..not many traders take a complete hedge position..they go with their understanding and take positions accordingly.. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4698 Posted: Sun Aug 19, 2012 7:47 pm Post subject: |
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[quote="saumya12"] | vineet21 wrote: | | psalm wrote: | | doctorshah wrote: | | Samji Where are u? |
Psalm, I totally agree with u. I am also quite bearish on nifty. I had to cut my short positions too. I have closed my future positions. But i also have sold my entire cash holding, and I don't have any plans to buy them back as I am still seeing a decent amount of bearish signals although it got a bit late. |
A few days back I read an article in livemint dtd. 1.8.12 and it was stated in the article that one can hedge their position using call or put options, as the case may be, by paying small amount as premium.
So my question is, can't Sam and Vineet 21, hedge their positions (for further losses due to upward movement) using options strategy, instead of covering their positions, when they knew that it is just a matter of time for a bearish trend.
Thanks
P.S. I am sorry, I do not know abc of options and so my question may seems awkward. |
My positions were hedged "to a certain extent" Saumya...I always use some kinda hedges (not necessarily using options though using options is the best form of hedging while trading Nifty).....but it is impossible or impractical to hedge against all your positions.....hedging is to reduce the risk..not to avoid the risk completely.....If you're looking to avoid the risk completely with hedges both will cancel out each other which is not what you want from a trade.... 
Regards,
SAM |
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bullseye
White Belt
Joined: 26 Oct 2010
Posts: 37
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| Post: #4699 Posted: Mon Aug 20, 2012 8:38 pm Post subject: |
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with disinvestment push by chidu coming up in a big way isnt it but natural that the stock mkt will see a forced push up a couple of hundred pts  till may be Oct/Nov  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #4700 Posted: Tue Aug 21, 2012 7:46 am Post subject: |
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| If market goes up till oct/nov, it won't be by just couple of hundred points. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #4701 Posted: Tue Aug 21, 2012 8:41 am Post subject: |
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| vinay28 wrote: | | If market goes up till oct/nov, it won't be by just couple of hundred points. |
imagine another round of rally like in jan and we are near 6300 within 1 month then |
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rohit44
White Belt
Joined: 05 Jan 2010
Posts: 279
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| Post: #4702 Posted: Tue Aug 21, 2012 11:09 am Post subject: |
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tain ta nainnnn  |
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rohit44
White Belt
Joined: 05 Jan 2010
Posts: 279
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| Post: #4703 Posted: Tue Aug 21, 2012 11:40 am Post subject: |
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opposion ask for PM resignation ( flashed by cnbc )... if media hyped this KYA HOGA NIMMO KA...  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4704 Posted: Tue Aug 21, 2012 2:59 pm Post subject: |
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| 5425 looks like the immediate resistance....above that 5454 or 5469 could be tested. Current rate is around 5413 and the high made as of now is around 5415... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4705 Posted: Wed Aug 22, 2012 9:44 am Post subject: DJIA |
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Glass is "HALF EMPTY" or "HALF FULL"?????  Posting the Dow Jones daily chart here. For me, its half empty.....  |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #4706 Posted: Wed Aug 22, 2012 11:14 am Post subject: Re: DJIA |
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| psalm wrote: | | Glass is "HALF EMPTY" or "HALF FULL"????? Posting the Dow Jones daily chart here. For me, its half empty..... |
Samji it looks like a consolidation again like before with negative bias today before any fresh upmove, so much positivity is rarely seen but I am looking to keep shorting till feb high is taken out.
Some stock specifics were a better option for the month I felt. |
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sachin79
White Belt
Joined: 07 May 2011
Posts: 55
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| Post: #4707 Posted: Wed Aug 22, 2012 11:27 am Post subject: |
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| for me expiry to b between 5050-5100..reason i already gave mirror 2011.. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4708 Posted: Wed Aug 22, 2012 11:49 am Post subject: Re: DJIA |
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| taxmann50 wrote: | | psalm wrote: | | Glass is "HALF EMPTY" or "HALF FULL"????? Posting the Dow Jones daily chart here. For me, its half empty..... |
Samji it looks like a consolidation again like before with negative bias today before any fresh upmove, so much positivity is rarely seen but I am looking to keep shorting till feb high is taken out.
Some stock specifics were a better option for the month I felt. |
I didn't suggest selling....Taxmann.....I dont have any trading position in Nifty or Stocks now, except a SHORT position in Hindustan Unilever which I have sold today.....I have posted the DOW chart, just to indicate that even after a 1000 or 1200 point rally from the lows, DOW is still in the SELL mode.....it MAY give a BUY signal in a week or two......it is also possible that it could go down from here......That's why suggested to be a bit cautious....
I'm planning to BUY a few Nifty SEPTEMBER PUTs today or tomorrow....as it looks less riskier than selling Futures....Having said that, I wont be surprised if we test 5500-5510 levels...Anyway, no plans to go LONG, unless I'm really sure about it. I might miss the bus, but going LONG doesn't look safe to me. But again, almost all the people who went LONG in this market recently have made money.....So, let's see... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4709 Posted: Wed Aug 22, 2012 2:22 pm Post subject: Nifty |
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| 5434 / 5446 / 5453 and 5470 are the levels to watch on the upside intraday today. Levels 5453 and 5470 are the key levels on the upside. A break above those level could push the market to 5500-5510 levels, I feel. Current rate is around 5430 and the high made as of now is just above 5432. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4710 Posted: Wed Aug 22, 2012 3:22 pm Post subject: |
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Bought a few 5400 PUTs (September) a while back....will be adding a few more if we test 5450-5460 levels.....Having said that, market hasn't given any SELL signal yet as per my method....I have bought these PUTs as the indicators are showing weakness. I have bought PUTs to avoid extreme volatility....risk is also lesser and limited....anyway, let's see..
NOTE: Many index stocks have unfinished targets. So, I still feel that the market might go up further before any meaningful correction. Having said that if the correction or some kinda selling starts globally, we may not be immune to selling. |
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