Rajagopal's "Ear to the ground" coupled with TA gave one stupendous call on Tata Steel even when the market was going down towards 5349 and he was quite insistent on "Strong money" buying into it which was also quite evident from our own TA.
Rochak Parekh.. you are next.
32 comments:
@ilango sir,
Based on JNSAR, one bought 2 lots at 5468. Suppose one decides to sell one lot say at current values, and decides to run the next one. Based on the current JNSAR value at 5459, they would be taking a loss. Is that correct ?
Good Morning Ilango sir and friends
Nifty daily analysis updated: LINK
Thank you
Good Morning Ilango Sir and Friends
Good Morning all!
@ golfdude,
If you have bought 2 lots @ 5468 and out of them sold 1 lot at current value @ 5577 you are in profit of 109 points for 1 lot and still holding 1 lot.
Now suppose you have to sell this 2nd lot @ JNSAR 5459, you will incur loss of only 9 points. Meaning the net profit of 100 points.
Again you are not closing your trade but going short below JNSAR @ 5459........and will earn in short trade too........
The chances of loss are less and even if there is any loss, it will be not only covered easily but results into profits in the next trards, if you have followed this JNSAR method.
I think you have got the idea of JNSAR.......
good morning,seniors..
Good Morning Ilango sir and all blogmates...
Good morning sir and all seniors,friends
GD GM still hangover!!!!!!!!!!
@san,
when ever nifty has hit the upper channel it has given a 300 pts on the down side. As per me the area to look out for would be 5628 where we have a channel resistance.Coupled with - div its better to be most vigilant.
@golfdude,
the idea for keeping one lot till jnsar is hit is to capture a larger move which the system gives quite a few times. otherwise you are out of trade and than keep wathcing the market leading to frustation.
Hai everyone
an update on reliance industries: LINK
Thank you
@manojag
that's right i am expecting that to happen. But no action will be taken until the weakness is shown on screen.
Hi,
From NSE site, I am able to see FII & DII Buy & Sell details on EOD basis after market hours for the day.
Any link to see FII & DII during intraday for same days activity of buy & sell.
Chandrabose
This kind of link looks great, San.:) Very tempting to click on too, rather than cutting and pasting the long blog addresses.
Dear Sir,
GM. For those who have missed out on entering at 5468 - what should be the strategy now? till another JNSAR is mentioned by you - can one take intra long/short?
Gm Illango sir & all blogmates
Calculation of profit on Option Hedging Strategy
Sold 5600 Pe @ 210-77=133
Sold 5300 Ce @ 205-288=-83
Profit boked in Nf short-90 points
long Nf @ 5512-5577=65
Total Mtm-133-83+90+65=205 points
Option hedging strategy call closed
Booked out 5600 pe @ 74(profit 136 points)
Booked out 5300 Ce @ 290(loss 85 points)
Booked out Nf long @ 5585(profit 72 points)
Profit in Nf short 90 points.
Toatl MTM-136-85+72+90=213 points in 15 days.
Thx
Musti,
There's a concern with your statergy even it's really good.
How does it take care of black swan event(A market lower freeze), which may occur even tomorrow morning?
@Yoda Mam,
You can use CNTRL while clicking the link to open it in New tab or window.
@Crorepathi
wat is black swan event
explain in detail
1 Lot JNSAR booked @ 5600.
Any unexpected unfortunate event(eg 09/11 Attack)
http://en.wikipedia.org/wiki/Black_swan_theory
@ Crorepathi,
This type of event not happens everyday.
& if it hapens we are alreay hedge so no tension.
Musti,
You are not hedged, you have written call option which will protect upto 205 Points.
Ilango sir,
thx for the EW daily chart.
i have a doubt.
it can be seen above that the stoch. indicator is showing negative divergence.so we cant be in 3rd wave of wave C right.
Nxt call uptill friday
NEW POST DONE.
Please dont entertain call givers, Here we follow only Master
Dont you have faith in JNSAR or is it time pass?
@ Crorepathi,
I am hedge with Nf futures & trading with open eyes.
I am not day dreaming of a upper or lower circuit.
I have enough cofidence in my strategy & so I
trade accordingly.
213 points in 15 days is a great achievement musti.....keep it up ! your next call will be keenly awaited. would be easier if you can time to time give calls on buying simple call and put options rather than combos which may not be feasible for everyone to manage. regards
Masti,
That's not the answer to my question,when posting in a public forum there will be lot of queries. IF you have confidence in your system keep it your self.In a market freeze your wealth will freeze with put option written
Masti,
That's not the answer to my question,when posting in a public forum there will be lot of queries. IF you have confidence in your system keep it your self.In a market freeze your wealth will freeze with put option written
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