Every week we got one or two days
where there is no momentum and market trade in a Range.
this is best scenario for option selling.
sell CE option on top Using nearest resistance as
SL. Then Hedge position with selling PE near Support.
you will make money in all scenario ,if market remains
in a range , breakout or Breakdown.
1 . RANGE BOUND MARKET :- you...
I come across many times when people fall in trap when they see breaking of long term support or resistance in intraday by merely seeing on small timeframe (TF) like (1-5 mins).
I suggest those friends to wait for the confirmation of such breakout on higher timeframe like 15-30 minutes atleast.
In this example I would like to make you understand this psychology...
As i mentioned in my yesterday post that I will sell Nifty if it will sustain below 12225. Today Sold 12300 and 12250 call as per my plan.
I have also mentioned in the comment that there Nifty will fill the gap between 12130-12030 in coming days and it should make new bottom above 11930 or 12000-12050 zone.
Short Term View is: 12300 is a Very Strong...
Please see the Demand and Supply zones in the chart.
Plan A: I will buy once it will sustain above 32000.
Plan B: I will short once it will sustain below 31700.
Plan C: I will avoid trading in the 31700-32000 Zone.
Nifty Long term trend is Bullish but It is entering in the sideways zone and may be short term correction will is possible.
Plan A: If it will sustain below 12220 then I may short 12300 call.
Plan B: If it will sustain above 12310 then I may buy NF Fur for the target of next supply zone.
Please see the supply and demand zones in the chart
Plan A: If it will sustain above 32100 then I may short 32000 put or buy Fut for the target of next supply zone.
Plan B: If it will sustain below 32100-32000 zone then I will wait for the right level to trade.
Plan C: I may avoid short
Please find Support and Demand Zones in the chart.
Plan A: If it will hold it's demand zone: 31000 then I will short 31000 Put and if it will not able to sustain above 31500 then I will short 31500 call.
Plan B: If it will sustain below 31000 then I will short Fut for the target of 30800-30700.
Plan A: Fresh Entry Zone:
-- If it will come to 12055-70 and will sustain above this zone.
-- If it will come to 12020-12035 and will sustain above this zone.
Plan B: NF is trying to come out from the sideways zone 11880-12020.
So Both Side Option writing is may be risky. This is a buy on dips market.
Plan C: Avoid Short Position. The buyer will use every minor...
We can expect the market to go any side from here.
So let us be cautious with a strict stop loss.
Buy Bank Nifty Futures 30 AUG 18 when the 15 min candle closes above 27900
Sell Bank Nifty Futures 30 AUG 18 when the 15 min candle closes below 27760
Keep Stop loss and trail stop loss profit booking as per your calculations!
Trading @ 254.70 when the sock came to my notice. Took some intraday support from 253-253.70 and had been consolidating for some time in 254.10 to 254.80. I looked at the daily chart, it was positive uptrend. I looked at the tape. There was huge seller @ 255 which the buyers were absorbing as the stock completed consolidation on 5min. chart. I wanted to take the...