Update on Iron Candor 28 September 2017

Update on Iron Condor.
One would make profit in Iron Condor in case of low volatility but maximum gain possible if there is high volatility.

So one should able to manage the trades and risk in Iron Candor.

Loss in 28th September Iron Condor if not exited at support level is around Rs. 3000/- , if one would have exited at support, then it would have been a profitable trade.

NIFTY is at long term support line.
If it breaks further 30-40 points then exit Bank Iron Condor. Or else hold it.
Same is the case with Bank NIFTY (BN).
It is at long term support level also just about to complete 38.2% retracement level. So if global cues are positive on Monday BN would show sign of recovery. If it moves down towards 24300, exit Iron Condor at loss.

Alternatively.
Exit present Iron Condor and place an another one as below:

Sell 24600 CALL
Buy 24800 CALL
Sell 24100 PUT
Buy 23900 PUT

Maximum profit potential Rs 7000/- and Loss also could around Rs. 7000/-. But this is maximum loss and one need not wait till he/she achieves maximum loss!!
Exit rules are as below:
Stay in trade till maximum loss of this strategy is below Rs. 1500/-
Stay in trade till combined delta is less than +0.55.


Disclaimer: This blog is not responsible for your profit/loss.

Update on Bank NIFTY Iron Condor

Hold the strategy proposed yesterday.
Profit today is around Rs. 1500/-

Support around 24650.
Today taken support of small trend line. It might hold.
Sum of delta of CALL sell and PUT sell contracts is around 0.22.

Disclaimer: This blog does not take any responsibility of your profit/loss.

Iron Condor for Bank Nifty for 21 September 2017

Iron Condor for Bank Nifty for 21 September 2017

Sell 25200 CALL
Buy 25400 CALL
Sell 24800 PUT
Buy 24600 PUT

Logic for this strategy:

1.) Demand and supply levels are withing 25000 CALL and 24800 PUT.
2.) High OIs at 25000 CALL and 24800 PUT.
3.) Delta of both these contracts around + 0.32, so there is 68% chance that this strategy would be successful.
4.) Maximum gain could be around Rs.8000/- and at the same time maximum loss potential is also around Rs. 8000/-. One can exit the strategy if loss is more than Rs. 2500/- Or keep an eye on delta of 25000 CALL and 24800 PUT. If combined delta is more than +0.55 then don't hold the strategy anymore.

Disclaimer: This blog is not responsible for your profit/loss.

Iron Condor for Bank NIFTY (BN) for expiration date 21 September 2017

Iron Condor on Bank NIFTY

Sell 25100 BN CALL at around 48-50 (delta around 0.23)
Buy 25300 BN CALL at around 17-18
Sell 24600 BN PUT around 58-60 (delta around -0.23)
Buy 24400 BN PUT around 27

Total credit in your account could be around 8000/-
This strategy would have potential to generate maximum profit of Rs 7000-8000 and maximum loss potential also could be Rs 8000/-
But certainly we are not going to wait till maximum loss and would exit as advised by delta of the strategy.

Reason for choosing these strike prices.
1) Demand and supply levels at around 24600 and 25100 levels respectively.
2) Delta neutral on SELL contract positions. Delta of both CALL sell and PUT sell contract is below 0.25 which means there is hardly 25% chance that Bank NIFTY would cross 25100 or fall below 24600. So in short there is more than 75% chance that this trade set up would be successful!
3) Sufficient credit in trading account.

Advantages:
1) If one trades in 2 Iron Condor positions, total investments would be around Rs. 200,000. Gain could be between Rs. 2000-3000 in just three-four days. It is more than 100% gain with no pain!
2) No need of trade monitoring.

Exit rules:
1) Exit if loss is more than Rs. 2500/-
2) Preferably exit entire strategy if addition of delta of CALL and PUT sell contracts is more than 0.55.

Disclaimer: This blog does not take any responsibility of your profit or loss.

NIFTY and BN levels for June 23, 2017

NIFTY

Daily Chart

NIFTY Hourly Chart

Bank NIFTY:

Daily Chart

Bank NIFTY Hourly

Disclaimer: This blog does not take any responsibility of your profit/loss. 

NIFTY and BN levels for 22 June 2017

NIFTY:

Daily chart:

NIFTY would break channel around 9800 and will move northward direction.

NIFTY Hourly

Bank NIFTY, Hourly

Disclaimer: This blog does not take responsibility of your profit/loss.

NIFTY and Bank NIFTY Trades.

Note supports and Resistances and recommended trades for 21 June 2017.

NIFTY:
Daily Chart, recommendations: Please find all recommendations on charts with reasoning.

NIFTY: Hourly Chart Recommendations:

Bank NIFTY

Daily Chart recommendations, Long term, one might not able to get entry point tomorrow, but keep an eye.

Bank NIFTY: Hourly chart

Disclaimer: This blog does not take responsibility of your profit/loss

Possible trades in NIFTY in week starting from 19 June 2017

NIFTY is moving in channel.

NIFTY daily chart
On daily chart since mid March it is moving in channel.

NIFTY is at near support, 9530, it will try to move towards 9800 during this week. One can hold NIFTY PUT sell contracts till NIFTY goes below 9530.

OTM PUT contracts like 9200, with one month view could be held till NIFTY takes plunge below 9350.


NIFTY Hourly Charts:
For last two weeks NIFTY is moving in small channel in Hourly chart too!

It also shows 9540 support and 9630 as resistance.
One can buy NIFTY Future when it would cross 9630 in SPOT. Or
Sell NIFTY PUTs

OI analysis

No great analysis of OI is required at the moment. It shows 9500 as support and 9700 as resistance.

Possible Trades in NIFTY:
1) Buy NIFTY 9700 CALLs if NIFTY crosses 9630 in SPOT.
2) Sell NIFTY 9600 CALLs if NIFTY goes below 9530.
Don't trade for huge profits and exit trades in 20-30 points profit.
Alternatively
3) Buy NIFTY 9600 CALL around 60 and Sell 9700 CALL around 22/-
Maximum loss about 5700 and maximum profit could be above 9500/-. Exit this trade if NIFTY goes below 9530 at EOD to minimize the loss.


Disclaimer: This blog does not take any responsibility of your profit/loss.

Syndicate Bank

Syndicate Bank
Buy Future between 93 to 93.40
SL: 91

Graph of SBI:
Daily:

AxisBank

Disclaimer: This blog does not take any responsibility of your profit/loss

Trades for 5 May

No trade could be executed today as prices have not reached in buying zone.
IFCI and Centurytex are still looking good in the same zone as recommended yesterday.
DLF must cross 192 in future for further take off.

We would prefer new trades as below for 5 May:

Axisbank
Buy 530 CALL between 12.20-12.50, Target 16, One could hold till stock crosses 548 in future in next couple of weeks.
SL 6/-

SBIN
Buy Future at around 301.50-302.00
Buy PUT contract of 300 as hedge.
SL 296.
Exit the trade if stocks starts trading below 296, in that case, exit future first, and hold PUT till future goes down till 291.

Voltas:
Buy 430 CALL between 14.10-15.00, SL 10, Target 17.8/21/24.75.


Disclaimer: This blog does not take any responsibility of your profit/loss

Trades for 4 May 2017

CENTURYTEX
Buy 1180 CALL between 45-46, SL 25, Target 96

DLF
Buy 195 CALL Between 8-8.30, SL 5.70 Target 18

IFCI
Buy 35 CALL between 1.00-1.20, SL 0.35, Target 1.60


Disclaimer: This blog does not take responsibility of your profit/loss

RELINFRA and ICICI

RELINFRA:
Buy 600 CALL between 26 and 27.
Hold for a day. SL 20

ICICIBANK
ICICIBANK 280 CALL between 9-10, SL 5.50 Target 13.80

Disclaimer: This blog does not take any responsibility of your profit/loss.

Tatamotors

TATAMOTORS:

Buy 450 CALL between 4.00-4.50
Target: 12/-

https://drive.google.com/file/d/0B7ZW-6KNaQjsUFBCNS0tUkNQV00/view?usp=sharing

Disclaimer: This blog does not take responsibility of your profit/loss.

ARVIND

ARVIND looks good for last trading week in this month.

One can go long with SL 396 or 385. First target 410 based on option table and second 417, based on supply zone. If it crosses 417 the hold for big gains.

All below recommendations for contracts expiring on 26 April 2017. 

1)      Buy Future and 400 PUT at their current market prices. Maximum loss could be Rs. 12000/- and with unlimited profit potential.

2)      Buy ARVIND 400 CALL contract at Rs. 7.50 and Sell ARVIND 420 CALL contract at Rs. 1.50. Maximum loss could be around Rs. 11000/- but profit potential Rs. 29000/-

3)      Buy ARVIND 410 CALL contract at Rs. 3.50, maximum loss Rs. 7000/-

For more details:

 https://drive.google.com/file/d/0B7ZW-6KNaQjsUFBCNS0tUkNQV00/view?usp=sharing

Disclaimer: This blog does not take any responsibility of your profit/loss