If sharing is revealing your trades to others, you do not know the meaning of sharing. Share the knowledge that gives you the edge.
Just because other traders do not post their trades, it does not mean they are'nt trading.
Markets brings out the worst in us in the most unsuspecting ways.
Learn soon to forget "Day's catches as well as misses". Empty that mind of yours soon to fill with other aspects of life and then come back with a newer perspective, newer plan/ revised plan and sail another day.
One day at a time...One week at a time...one series at a time.
20 comments:
Dear Illango, thank you for the kind words, perhaps
even if not meant=I do take it personally.Sharing
is all that i have learnt in this Lifetime, all else
is meaningless.
regards,
Deepak
Dear Illango,
I m truely beginning to see the JL SEAGULL
in you, n m glad that ur around to share, to help,
to guide and to heal.
Warm regards,
Chiang
Dear musti,
As you used to trade with option strategy,if possible throw some light on the following.Other views are also welcome here.Thanks in advance.
As RBI policy going to declare soon & market is waiting for the same for further direction,the following trades are in anticipation of the same to happen something drastically.
Buying 5600 PE & 5800 CE in equal quantity.
At present Both option's prices are almost at same price i.e. 13 Rs. and going to multiply at least 3 times after policy announcement is assumption.If at the worst if we shall loose entire 1 then also good profit shall be there.Both strike prices are at present out of money but one of them likely to come in the money after policy announcement.
By chance this event is taking place near this expiry so the prices are within the small players reach.I shall not say about the profit but at least The loss factor if any is there then it is very minimum is the policy here.Your views please.
@ RG - :) :) rombathan asai hihi.. tring, tring, mammmmmmm pls. visit JN wat ur husband s doing :D
@ Deepak - Sir is "breathing the market since 1992" with his OWN STYLE. Nobody can "shake" him with their "style" it's not at all possible as per my "observation". Believe me i am not at all using any paid service chart even not "aggresively following chart" during trading hrs too. Everybody has their own "method". Hope you will take this in good spirit. Happy week end. Enjoy with your profits. Pls. don't forget to "donate" few rs. to poor people or to temple. All the best for your "bright future"
dear sir :
these are indeed words of wisdom. we need to learn from it
Dear Ilango
this is my first entry here in your blog. have been following it and since i missed jnsar this time..im shorting whenever nifty comes closer to jnsar and exiting with decent profits. now i dont feel sad that i missed jnsar bcoz from monday this week, nifty keeps on giving chance to short while comes closer to jnsar with jnsar as sl. hope im right in this strategy sir. please comment if this strategy would be ok even if one already in jnsar but again take position if price is closer to that.
தொல்லையில் பல வகை உண்டு
இதன் பெயர் தான் அன்பு தொல்லையோ !!
@mynac, yes this option strategy can be tried but if there is no effect of policy after 1 or 2hs then better to exit after that time or same eod. holding it i feel not advisable of this series now..coz both are otm and net total is 13+13=26. so to be in profit if one holds then nifty shd close either 5570around or 5830 around not to get any loss. and moreover next week Wednesday is holiday. so policy day atleast 80 to 100point move either side should be there in a strech fastly, to be in profit. if goes in upward direction then fortunately new jnsar will also trigger. so, fingers crossed.
Vidya,
Awesome!!, good stratergy.As far my understanding of JNSAR,it's is like POC.
@crorepathi..well yes even there are situations in market profile that naked poc will be touch and go after one or two days..and jnsar acts like that sometimes...tooo tooo gud.
it happend yesterday that Banknifty day low is nakedpoc of 17th jan.
As Nifty gave undecided close ahead of credit policy,the unusual developments are there in FNO data.
Huge short covering in Jan 55 & 5700 PE when the premium for Jan 5700 is still too high near expiry.
Huge call writing in Jan 5700 CE & even 5800 CE
6.34 lac addition in NF O.I. when FII have sold net Rs.922.59 Cr.index future.
From above data it looks that though Nifty on the threshold and knocking door for break out, Bulls are pushed back & so have taken cautious stance.
IN current fall from 6181 to 5624 only once,on 5th Jan, FII have sold net 1600+ CR.Rs. Index future & after then only today they have sold index future in huge quantity.
On the back ground of credit policy,above said FNO developments,yesterday's & today's cash sell,is disheartening news for Bulls.At least today.
The Monday trading range & Data may clear some more doubts.Till then shall remember Dear Rajagopal's 50 bps..??? or ???
bull or bear ?
The phone rang in the stockbroker' s office.
"May I speak with Mr. Bradford?"
"I'm sorry. Mr. Bradford is on another line."
"This is Mr. Ingram's office. We'd like to know if he's bullish or
bearish right now."
"He's talking to his wife. Right now I'd say he's sheepish."
@ mynac
i read sumwhere.. bankers are expecting a 25 bps :)
If market closes above 5727 on Monday then 25 bps, or else 50/75 bps.
Dear smokinbeast,
If it shall be 25 bps, then as per expert's view it will boost up Nifty.let us see..
@ mynac,
Sorry for late reply as I am offline
In my view rather going for this strategy,as time is very less
& option premium eroded soon,go for 5700 Ce & Pe in equal qunatity.
In this ur investment is nearly 80-90 Rs.
But U can get nearly 20-30% return of ur investment.
I hope it clear with U.
I am going to do this on Monday near to EOD.
Agree with Musti...Hoping to buy 5700 CE at less than 40
on Monday.
Bank Nifty closed above HEMA and has sustained JNSAR buy
for two days. It's a positive sign. Pretty soon Nifty will
join the party for this expiry.
Thanks,
Ajay
Dear vidya ,smokinbeast ,musti1780,ajay,
Thanks a lot for your valuable views.
@Mynac: I read your post about using the options for the upcoming volatility.I would put it this way that - you are right and wrong at the same time. Let me explain myself. The expiry is on 27th and that is just three days after monday. the decay would be so fast that you will not be able to say 'jack robinson' also. i feel that none of the range you mentioned will come withing the preview. just technically Delta is .199 for 5800 call and vega is 1.706. on the other hand also the Put delta is 0.202. What it means is that if the desired reaction / movement is not there then it all goes to dumps. Right - because if the markets breaks either of the range - you can make money - but believe me it is highly unlikely.
Dear S S Cheema,
Thanks for your guidance.At this moment though I do not understand the exact meaning of technical language Delta-Vega,The meaning of the same is very important & useful for me.So I tried to see it in other way.i.e.as you said there are just 3 days to go for this expiry,so I saw the next series NF O.I.data.Still there is very negligible roll over and if from Monday,when there shall be addition,and if it shall be 50 lac per day,then also it shall come to total,just 1.9 CR.Which shall be lighter.
Now If some one shall sell here @ 5700 then he will have to press Nifty, minimum up to 5500 for short covering,which at present looks unlikely.*the policy game,if it shall have real meaning then may change the picture*
On the other hand if someone will buy it, then he will try to take it up to 5900.
Still not sure whether this is a new weapon from FII Armory or not,because,as they have sold index futures on Friday,after the policy announcement they shall cover it in huge way to take Nifty, just up for their "cash sell" and for "shorting the Nifty" in next series? Because these type of gimmicks,are always used by these Big players,which are "our" beyond expectation & thinking.
The next three days will be very important for Hawala Price factor.Let us see.
P.S.
The above said are just thoughts,wild guess,imagination and should not be taken too seriously for trading purpose.
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