Quotes with Resistance & Support
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Intraday calls for 15-06-12
Posted on: June 15th, 2012 at 8:24 am
Markets likely to open slightly higher. Resistance for nifty is at 5130 and support at 5000.
Buy Havells India at 540, target: 552. Stoploss: 533
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SR Says:
June 18th, 2012
Posted at: 2:16 am
Hi Sohan, I had already given my opinion yesterday.
SR Says:
June 16th, 2012
Posted at: 10:36 pm
Hi Deepesh, Nifty likely to open near 5160-65. It can test 5210-20 if markets sustain above 5160-65. On the lower side support near 5075-80
SM Says:
June 18th, 2012
Posted at: 2:19 am
Hi Sohan, GM. Wont make any prediction now. Will wait for Asian cues :)
Hi SR, I guess CB will allow when he comes online :)
SR Says:
June 18th, 2012
Posted at: 2:22 am
Hi SM, yep :) It was probably due to the use of percentage symbol that it went into spam.
SM Says:
June 18th, 2012
Posted at: 2:25 am
Hi SR, But tell me in short, my thinking was ok or not
SR Says:
June 18th, 2012
Posted at: 2:26 am
Hi SM, Let me try again replacing percentage symbol with pc :)
Been paper trading for more than 2 months on the 100pc plus profits and 0pc loss strategy and started trading on it for last 2 weeks ... Currently completed 3 trades and booked 50pc profit on the 4th.
As OTM options losses the most and also gains the most ... so you get max profits when buy OTM option when it is losing heavy and sell when it gaining the most.
On Thursday, when Nifty was crashing (negative sentiment), my entry level was 5080 ... bought 5300CE at 17.5. 5300CE made a low of 14.6
On Firday, when Nifty was at 5080 (positive sentiment), 5300CE was in 20-21 range. I had set 50pc target at 35. 5300CE made a high of 34.75. Finally near close, I booked 50pc at 34 and will book the rest tomorrow or day after near 5210-20.
No SL is used. :)
SR Says:
June 18th, 2012
Posted at: 2:29 am
Hi SM, Tried replacing percentage symbol with pc but no good.
As OTM options losses the most and also gains the most, so you get max profits when buy OTM option when it is losing heavy and sell when it gaining the most.
SR Says:
June 18th, 2012
Posted at: 2:30 am
Hi SM, On Thursday, when Nifty was crashing (negative sentiment), my entry level was 5080, bought 5300CE at 17.5, 5300CE made a low of 14.6
On Firday, when Nifty was at 5080 (positive sentiment), 5300CE was in 20-21 range. I had set 50pc target at 35. 5300CE made a high of 34.75. Finally near close, I booked 50pc at 34 and will book the rest tomorrow or day after near 5210-20.
SM Says:
June 18th, 2012
Posted at: 2:33 am
Hi SR, hmmm... so when OTM loses heavily buy near a major supp of the underlying and vice versa
SR Says:
June 18th, 2012
Posted at: 2:38 am
Hi SM, hmmm yes :) if in case, it fails to turn, avg. near next major support and exit at cost.
SM Says:
June 18th, 2012
Posted at: 2:40 am
Hi SR, targeting 200 to 300 points difference in strike and I presume this will come down as we come near expiry
SR Says:
June 18th, 2012
Posted at: 2:43 am
Hi SM, Hi SM, Trade the next month 10 days before expiry :)
SM Says:
June 18th, 2012
Posted at: 2:48 am
Hi SR, Ohh yeah, will try to do so. sounds good. as of now holding a straddle of Nifty 5100 strike. planning to exit today :)
SR Says:
June 18th, 2012
Posted at: 2:48 am
Hi SM, Consider this trade made on 31/5
Bought 4600PE June at 33 near 4945 (positive sentiment during short covering) . booked 50pc at 66 on 1/6 and booked rest at day end at 69 as my target was 4830 and Nifty made a low of 4832.
SR Says:
June 18th, 2012
Posted at: 2:55 am
Hi SM, What's your price of straddle? Straddles and Strangles only give good profit after their break evens.
SM Says:
June 18th, 2012
Posted at: 2:57 am
Hi SR, yes, there was a gap down on 31st and you went for the PE when the gap was going to be filled. the gap as well as the low of the previous day providing resistance. in fact the low was tested thrice the previous day and closed at or near the days low. good carry forward trade :)
SM Says:
June 18th, 2012
Posted at: 3:01 am
Hi SR, i know. hence entered at 3:20 pm on friday when Nifty Fut was at 5150. spot was maybe at 5140. 5100CE at 122.50 and 5100PE at 75 :)