MESSAGES

shortstraddle bro, Actually you deserve the accolades... Very likely more profits to come.. Smiley. Trade Safe. Best Wishes.

passerby, thank you for your guidance.. got the peak at right time to buy puts..now sitting on profit with 22.8k month end puts..

Itvis a good calculated risk. Good thing isc22.8 getting tested on futures sooner than later. Your trade may workout today itself. Nift spot broke horly trend line yesterday. If it stays below 22.68 by 12.15, downward move may pickup. 22.68 plus or minus 40 is fighting range for today it looks. Trade Safe. Best Wishes.

thanks passerby, yes I am tracking nifty futures as per your earlier post above. 22.72k daily close which happened twice and above 22.8k weekly close.. i am carrying April month end 22.8k puts , tomorrow being holiday and us cpi data tonight it could be a hero zero on Friday..I am taking the risk , will reduce positions if I get a chance today .

shortstraddle bro, first of all my values are in nifty futures not in nifty spot. And safest and safer sl triggered for a positional trade or carrying bearish trade over night triggered on Friday and Monday. Just staying intraday Last week buy on dip and this week sell on raise especially second dip and second raise been a good strategy until direction becomes clear. If you really want to be positional at current levels I suggest go for Jun 22k put currently around 235 for a target of thousand above. Buy some now and once futures give a weekly close below 22.52k Add more. SL for this trade would be at your own risk appetite. So far it did not go below 220 indicating at least 21.8 will be tested one more time.. The June 22k straddle is currently costing around 1500 noting a range of 20.5k to 23.5. I believe in bull market for India. For a sustainable bull market testing that 20.5k or even below towards 20.2k sooner the better and very likely happen. Futures giving a weekly close above 22.82 is also a stop for this trade too.. But here we have time and volatility in our favor. Of course market is supreme though. To not to have confusion I will start posting nifty spot values too... Trade Safe. Best Wishes.

passerby, the first sl you suggested got hit yesterday I still went ahead carrying 22.8k pe and averaged it today.. weekly 22.82k closing stop loss may also happen.. I am risking it all this week.. this could be my last trade in April and probably till June 4th

ravich bro, that 20.5k happened on dec 1st on futures. so may 1st supposed to day by which we should test 20.5k as my theory. that is close to two quarters.. so if it is not tested by that time that means we just do not know when it gets tested. there is another significant one around 21.2 on jan 25th too. so first that need to be filled in. let see this weekly close too. current ly myself neutral. trade safe. best wishes.

passerby bro, can we say may whole month as 5th month so the gap will be filled at 20500, if this is missed will it will take another 3 yrs to fill the gap

shortstraddle bro, a daily close of nifty futures above 22.620 is safest. sl a daily close above 22.720 is safe. a weekly close above 22.8. i thimk must be strict sl as it stands today. myself thi king of sell on raise intraday and play for huge down move thirdcweek which is usually correction week. 22.8k pe of april hit close to 900max ginting 21.8 probably still base for april too. 20.5k will be very likely will be tested byvfutures but when is the question i usually follow 3to5 rules for a gap to be filled. the order is hours, days weeks,months. after that you just do not know. 3 to 5yrs may be.. trade safe. best wishes.

very true his success rate is atleast 60 percent most others like you and me have a 20-30 percent success rate