Please don`t add the shorts just because Slow and fast stoch is in Overbought situation, It will not work out for Intraday trades.
I have bought 4900 Puts few minutes back ( 10 lots ) at 83, when the Slow stoch %K crossed down and MACD shows weakness and immediately put a SQ off at 93 Now, let`s see if i can get the 10 points.
ARU Sir,
All shorted guys got sorted out today.I took along view at 4977 and booked profit at 5008 After discussing with Nagu the great.
regards
dhakak
when there is momentum due to short covering cat taking the rat out of hole no oscillator stoch rsi macd works.today 4900 put has gone in loss let us see there should be relief tomorrow.
As you rightly advised for not going short on updays like today or last Monday.
Sir, hope you covered your puts.
As i kept my positions for upside movement since last three days,i could able to get my status to positive today.
If tomorrow it trades up(i am expecting as DOW futures are up more than 75), i will be in full control of the situation for this series.
How are you doing? Sorry to learn about your SL got triggered but I honestly still feel you should have held and it would have made money for your within this expiry itself.
Anyways I am sure you will recover all this loss amount back as you are not just deserving but one brilliant timer of market direction.
thanks for quick reply.i am following your thread on recommendation of nagu75.advisors to FIIs are indians who understand local traders mentality deeply and are able to trap them esp when Diis work in same direction as Fiis.my feeling is they FIIs want to go high in vertical and then suddenly dump.as alan farley is also advising that v shape recovery in american market will undermine long term strength as it is not sustainable.any way indian traders option writers have been making a killing on shoulders of innocent who buy options even when volatility is high now they are being taught a lesson by foreigners by employing indians.i am trapped in icici bank put 800 bought at 12 will wait up to 15 nov then square it out of time decay fear.
Let`s see how this pans out, I think I was little greedy to start with, when i got this put at 161, It went to 183 to 185, I did not removed, Generally i would have done that.
Then yesterday It was showed 140, and today it was showing 130, But I just kept it.
And when i averaged at 83, everything was well , but due to some unavoidable work at office I could only put a stop loss, I could not go long as 2:10 PM there was clear indication from 4954 Levels it will go up.
I will try and recover the loss in the coming week.
| NIFTY 
