Expiry Strategy: Sell Dec 90 Call @ 0.5Moving average cross over confirms the continuity of bearish trend. As well, MACD signals that bulls would find very challenging to hold the high in near term. Expect it would stay below 90 level for Dec series. By considering the lesser liquidity, suggesting option investors to execute the order above 0.5
Options
Expiry Strategy: Sell Biocon 720 Call @ CMP 3. As price continue to stay below short term downward trend line and close below 50-day EMA with bearish engulfing would keep the trend under bearish territory. Expect Nov series would expiry below 720 and would fetch return of more than 20%p.a post expenses includes brokerage and tax.
CGPOWER: SELL at 38 with Stop-loss of 40 Target of 30.50CGPOWER is on a downward projectile. Wait for level of 38 and Short CGPOWER only around 38 with Stop-loss of 40 (on closing basis) and Target of 30.50
Expecting CGPOWER to get in to short covering rally starting tomorrow. Wait for the level to come in.
WHAT HAPPENED WITH MARUTI? 10000 to 6800 Journey!Maruti reached its 52W high at 10,000 and has been faaling continuously since then. The way Maruti % fell shocked alot of people, However it was not all that difficult to determine the fall and I will share, how I proceeded and made money in Maruti 5.71% .
On 25 July, Maruti reached its prior top weeks high zone of 9900-10000 again. It was a good resistance and If it is broken with Good volumes, Maruti can go upto 12K-13K, The next day Maruti reversed from the resistance zone and created a Double Top (as shown in the chart), also the Day Candle formed a Bearish Engulfing Pattern which indicates the start of the downfall.
Double Top Pattern is a fairly successful pattern and Share is expected to reach the neckline at 8200-8300 zones before changing its direction.
Maruti immediately the next day formed a large 500 points Bearish Candle which gave me good profits, And I continued waiting for my Initial target of 8200 (Neckline). In the meanwhile share gave a lot of green candles, But I since I was already in profits, I had margin of bear some green Candles.
Each time Maruti showed a couple of green candle, a Big Red candle wiped out gains forming Bearish Engulfing Pattern repetitively, which posted my confidence. Share reached up to 9000 after that Rose 250 points.
I though of squaring off position but the prior experience showed that there has not been 3 consecutive green candles in the past 9 months, So I decided to wait for the next day. Maruti reversed and showed red candles for the next 3 days and formed a 3 Blacks Crows pattern, which is sign of huge fall coming.
Near 14 September One Gap Up for formed, but the next day there was a Gap Down thereby forming a Evening Star Pattern.
On 19 September, Share finally reached my initial target of 8200 after I squared off and decided to play a LONG STRANGLE, to up my possibilities of winning. I took a Put and a Call at 3% Difference.
Soon The share broke the neckline and started to go more downwards, I squared up my call and waited for gains in Put.
Every person has different way of Analyzing. But the idea is to hold onto your faith and continue with your strategy. Even the basic Candlestick patterns have the ability to reap you awesome results.
Thanks, i hope this is Helpful.
Keep sharing the list of shares you want an analysis on. Thanks :)
POSITIONAL CALL IN LUPIN(OPTION TRADE ONLY) SEPT OPTPOSITIONAL CALL IN LUPIN(OPTION TRADE ONLY)
IS IT A RANGE BREAK-OUT TRULY OR NOT DEPENDS
UPON A CLOSE ABOVE 930
IF THAT HAPPENS BEFORE 3:30 TODAY
WE ARE SEEING A TARGET OF 1100 ON A LONG-TERM
CHARTS AND WE ARE NOT LOOKING FOR THAT
WE ARE LOOKING FOR 1050
SO WE ARE BUYING OPTIONS WE WILL BE PROTECTED WITH
REVERSAL WITH AN INBUILT -STOPLOSS
BUY 1000 CALL OPTION
BUY@13
STOP@3
TARGET@30
LOT:700
QTY:5
HDFC BANK STRANGLE OPTION TRADING STRATEGYHDFC BANK STRANGLE OPTION TRADING STRATEGY
I DONOT CARE FOR THE RESULT IN WHICH DIRECTION IT WILL
GO.
I AM CONCERNED REGARDING MAKING MONEY AS I AM SCALPER
WHEN IT COMES TO TRADING RESULTS.
HERE WE ARE BUYING BOTH THE PUT AND THE CALL OPTION
BUY 2140 PUT OPTION @12
BUY 2260 CALL OPTION @11.8
BREAKEVEN=23.8
TARGET MIN-30/MAX:33
QTY:
PUT:1000
CALL:1000
MY VIEW:
THERE CAN BE HEAVY PROFIT BOOKING IN THE STOCK
IN CASE OF ANY MISS IN THE ESTIMATES I EXPECT 4%-5%
MOVEMENT.
NOTE:
EXPIRY NEXT WEEK
TRADE ONLY FOR MONDAY
INTRA-DAY TRADE IN MINDTREE INTRA-DAY TRADE
BUY PUT OPTION JULY CONTRACT
BUY 900 PE @10
STOP@4.5
TARGET@20
LOT:1200
QTY:2
NFLX updateAs of writing this, NFLX is down 14% at 343 dollars a share on disappointing revenue and subscriber growth, and weak subscriber growth estimates into Q3.
This decline in price puts our 400 dollar put position 57 dollars in the money which will more than offset the loss on the call position.
Further more the options bought expired 7/20 since we planned on selling them at market open. The cheap short expiration options allowed to limit the loss taken on either direction.
NFLX tendency for large dollar moves after hours makes it a great candidate for straddles as it allows the winning position to outweigh the loosing position and be sold for an immediate profit
NFLX 100 ma is at 338, a vital level to watch for a test and point of reversal.
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NIFTY BANK TomorrowHey Everyone!
A small market update about what has been going on lately and what may happen later.
Ever since NIFTY BANK broke its two month long trend line upwards on 15th of June(Friday), the index has been seeing red till 20th of June(Wednesday).
Ever since that trend reversal, a bullish parallel channel has formed. It is shown with the blue dotted lines in the chart.
A channel can be used as an entry pattern for the continuation of an established trend, as part of a trend following strategy.
Things to keep in mind for tomorrow:
1) If market opens close to the base of the green arrow, then we can expect a continuation of the upward channel.
2) If market opens close to the base of the red arrow then we may expect a strong correction downwards(1-2 days)
This is my idea about the current market movement.
Happy Options Trading ! :)
My PredictiveEngine's Intraday call(07-Jun-18)-JINDALSTEL-LongBased on my PredictiveSystem's signals, its going to be a GREEN candle on 07-Jun-2018 for JINDALSTEL
Buy Above: 235.5 for targets -
T1: 237.3
T2: 238.3
T3: 239.4
SL: 233.6
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
Nifty June strategy (Office People - 5-7% )return Hi All ,
Nifty June future current price 10686 (Create the below strategy when this goes to 10695-10705)
Buy 10700 call 1 lot @ 128
Buy 10700 put 1 lot @ 140
sell 11000 call 1 lot @ 28
sell 10400 put 1 lot @ 55
Minimum capital required for above 4 trade combination 1 lot is 1 lakh , if you have 5 lakhs you can create 5 lots trade.
Generally I restrict people in taking number of lots , this one I wont.
Risk Calculations :
Our buy cost is premium 268 , our sell cost premium gain is 83 ,
Net risk is 185 points (debit) i.e If Nifty expiry happens at 10600 on june 28
Break-even points : If nifty goes up or down 200 points we are break-even on our trade
i.e if nifty goes to 10900 , or 10500 we will start making profit
Reward:
Maximum reward is 103 points if Nifty goes to 10350 or it goes to 11030 , 100 points is 7500 profit per lot for 1 lakh investment.
So Tigers tomorrow if market opens and if you find NIFTY JUNE futures around 10695/705 level , take this .
Hassel free , Let it go in any direction no need to monitor every 5 min .
Please note :
Consult your financial adviser before investing , options are risk , Risk of capital loss involved
BANKNIFTY NOWHi, I am an Options Trader. I am new to the Trading view sharing IDEAS platform.
So, talking about BankNifty. I am referring to the 2H chart.
We can see the sharp fall after the thrust of the reverse head and shoulders pattern(between 1st March and 26th April).
Now where does it go next.
BANKNIFTY is currently at 25875.
This is a crucial zone.
The "next support zone" shown in red around 25700-25600 is a possible target for shorting.
We can see that BankNifty has already broken the green "Current Support zone" by a small margin. Lately sellers have been aggressive and it seems possible. If monday market starts with a good sell off then chances get higher.
The red dotted lines indicate strong seller market.
And the bold lines indicate the path of a 40-60 buyer-seller ratio market which is likely what will happen.