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Nifty View |
pkveenu
White Belt
Joined: 21 Apr 2009
Posts: 106
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Post: #4816  Posted: Wed Aug 29, 2012 2:04 pm Post subject: nifty view |
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hi sam
happy onam to you
regards |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4817 Posted: Wed Aug 29, 2012 2:17 pm Post subject: |
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Thank you all for your Greetings......  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4818 Posted: Wed Aug 29, 2012 2:19 pm Post subject: |
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| apka wrote: | | SAM, I think nifty has fallen 100 points from the point u bought 5400pe sept.. how much value addition (points) has 5400pe sept given in return to the fall? |
Apka, I have PUTs with average cost around 78.....the lowest buy I had was around 68.....so, you can calculate........cmp is around 125... |
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #4819 Posted: Wed Aug 29, 2012 2:36 pm Post subject: |
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Market is trading just below 5300 after making a low of around 5290 which is around a minor support of 5288. On the upside, now the market could find considerable resistance in the range 5212-5332 which was a good support earlier. But again, one must understand that the market has not given any SELL signal yet. Its pretty difficult to predict what might happen tomorrow because of the August Expiry. But from friday onwards, global cues could determine where we're heading. Charts are also not showing any clear direction though bias is still on the downside. On friday, there will be a big event, The speech by the FED Chairman.....There is no significance now for Sep 1, as Draghi may not be attending the conference. As per me, these upcoming events should disappoint the dreamers (I dont know if I'm the dreamer here)  . But that's my gut feeling after looking at the charts. Anyway, let's wait and see....  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4820 Posted: Wed Aug 29, 2012 3:25 pm Post subject: |
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| Even now, the August contract is trading at a considerable premium....does that mean a higher expiry tomorrow???.... ....let's wait and see.. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #4821 Posted: Wed Aug 29, 2012 8:22 pm Post subject: |
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| psalm wrote: | | Even now, the August contract is trading at a considerable premium....does that mean a higher expiry tomorrow???.... ....let's wait and see.. |
5300pe has surprised me today, despite having a built up of over 1.15cr 3-4 days back, the writers have let it breach quiet easily. New day low came after 3pm! Although the fall was very slow and smooth there was no real buying seen.
Aug series started near 5100 fut and went upto 5465 there about. After the initial rise for 1st 15-20 days, 3 strike calls 5300ce, 5400ce, 5500pe have have been used to eat premium.
Tommorow, incase of a fall a stop and bounce I expect near 5255 spot and next near 5232, 5221.
Friday is also when Indian 1st quarterly provisional GDP will be announced. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #4822 Posted: Wed Aug 29, 2012 8:37 pm Post subject: |
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| 5215 was a gap on 3rd august. |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #4823 Posted: Wed Aug 29, 2012 8:43 pm Post subject: |
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| saumya12 wrote: | | vinay28 wrote: | | saumya, if you want to gamble before you learn option trading, buy 5400CE for august when it is about 3. Your total loss is then 3 (plus brokerage, etc.). Note that if NF closes at about 5405 on expiry the price may still be 3 but you MUST cover and not allow it to expire otherwise STT is very high. If NF closes below 5400, you may allow it to expire. Never allow "In the money" options to expire. |
Thanks Vinay for the suggestion. Will certainly like to avail an opportunity to do a practical trade.
What I understand from your post is to buy Nifty 5400CE aug premium @ 3 (or 4 or 5). So the total cost for one lot will be say 4 x 50 = 200 plus expanses per lot and if NF closes less than 5400 then let the option to expire.
You said that if NF closes at about 5405 then I must cover and not allow it to expire otherwise the STT will be very high.
Thanks |
Hi Vinay/apka
Suppose I have a buy position in Nifty 5400CE aug premium @ 3. And tomorrow the price hovers around (say) 3.50 for (say) NF 5325 near expiry or otherwise in the mid session, then shouldn't I sell my holding (cover my holding) at that very time to cover my cost atleast or reduce my loss. Why wait to get my holding expire for nothing at 15.30.
Or in simple words shouldn't I sell my holding at whatever price I may get before expiry or otherwise, to reduce my loss.
OR Is there any disadvantage/problem in doing so.
Please clarify.
Thanks |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #4824 Posted: Wed Aug 29, 2012 8:51 pm Post subject: |
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| saumya, you should forget your 5400ce now. tmrw it will be almost zero. No point in selling at near zero since broker will charge 60 to 80 paise per option plus service tax stt, etc. It will be 3.5 only if NF goes above 5400 and that too before about 3.20pm, which surely looks impossible. OR if tmrw opens with a huge gap up and goes to say 5380 by 11 then may be ....... again surely looks impossible. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #4825 Posted: Wed Aug 29, 2012 8:52 pm Post subject: |
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| saumya12 wrote: | Hi Vinay/apka
Suppose I have a buy position in Nifty 5400CE aug premium @ 3. And tomorrow the price hovers around (say) 3.50 for (say) NF 5325 near expiry or otherwise in the mid session, then shouldn't I sell my holding (cover my holding) at that very time to cover my cost atleast or reduce my loss. Why wait to get my holding expire for nothing at 15.30.
Or in simple words shouldn't I sell my holding at whatever price I may get before expiry or otherwise, to reduce my loss.
OR Is there any disadvantage/problem in doing so.
Please clarify.
Thanks |
If you let a Out of the money call / put expire you will not be charged brokerage, stt, etc. charges. So if you sell it @ 3.50 .. ur gain is .50 paise only, that is per lot Rs.25, so calculate your brokerage, stt, etc for 1 lot that is nrmlly charged, if more than Rs.25 then let it expiry. The charges must be over Rs.25 for sure.
Tomm incase of a flat opening, you will see 5400ce open near 0.8-1.00. The option prices will drastically reduce tomm after 1pm for nifty and all stocks. |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #4826 Posted: Wed Aug 29, 2012 9:07 pm Post subject: |
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Thanks Vinay/apka for the clarification.
So after taking into consideration brokerage and other expanses, there is no harm to sell the holding, if it is on the positive side. I pay a brokerage of Rs 20 per trade (any quantity)
This info will certainly help me in option trading later on in future.
Thanks |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #4827 Posted: Wed Aug 29, 2012 9:14 pm Post subject: |
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| brokerage of 20 per trade, any quantity? Not possible. Pl check with your broker before you get a shock |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #4828 Posted: Wed Aug 29, 2012 9:26 pm Post subject: |
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| vinay28 wrote: | | brokerage of 20 per trade, any quantity? Not possible. Pl check with your broker before you get a shock |
She's probably using Zerodha, I use the same. Rs.20/- brokerage per trade is correct, i.e., irrespective of the lots/qty you buy.
But the other expenses include transaction charges, stt, stamp duty, service tax, edu cess, h. edu cess, sebi charges. Check with the zerodha calculator available on their website to know what would be your breakeven. |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #4829 Posted: Wed Aug 29, 2012 9:28 pm Post subject: |
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| vinay28 wrote: | | brokerage of 20 per trade, any quantity? Not possible. Pl check with your broker before you get a shock |
No its true
Its Zerodha
They charge a flat 20 INR per trade any quantity or .01% for future or .1% for cash whichever is less plus Service tax STT etc. I have Trading account with them.
RKSV charges monthly 1947 in their freedom plan any quantity trade per month, free of brokerage
Zerodha charges stamp duty max 50 INR per day.
Last edited by saumya12 on Wed Aug 29, 2012 9:32 pm; edited 1 time in total |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #4830 Posted: Wed Aug 29, 2012 9:29 pm Post subject: |
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| vinay28 wrote: | | brokerage of 20 per trade, any quantity? Not possible. Pl check with your broker before you get a shock |
True Vinay, It's discount brokerage.'Zerodha' offering it from the past two years .You sell 1000 nifty lots in one single order and buy 1000 lots in another single order still you will be charged 20/- per trade i.e 40/- for the above trades as brokerage.Now even some other competitors are offering flat monthly charges around 2000+ for unlimited trades. |
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