Thursday, 4 February 2016

Nifty's Trend for the day & STM - 2nd entry (4th Feb,2016)


“If you are searching for a person,
who will change your life ..........
Look in the mirror ..................”
- Rabindranath Tagore

Dear Friends, Good morning

Nifty is all set for a big swing & expect some big surprises in the coming sessions. With proper analysis and calculation - if single side entry happens , can earn the profit in 2 or 3 folds in this month series itself...  but always steady wins the race..... need not to be too slow ... Needs some sort of smart move , as VIX is giving some amusing signal... Let's see....

In overall, For both Bulls and Bears - 7410-7425 holds the key ....... As a short term range Range is set for 7340 on lower side & 7515 on higher side ...

If 7360 is broken - the next major support is at 7240  and the next one is at 7120.....

On higher side , major resistance at 7496 - 7515 & the pricing action supports will lead to 7700 level .....

Whether good or bad - we need the movement..... As I always say - trader need not to be a great technical analyst..... Trading discipline is important than anything else......

Well, Though the move is so conspicuous on uni-direction , go always with the shelter....

STM - We are taking the following positions today......:

Current Spot price on NIFTY : 7403.35

Entering into FEB CALL 7500 - Rs. 77.50
MARCH : PUT 7300 - Rs. 148.50

Total for Combo : 226.00 

Amount invested only 40% of the amount from the unit price :  Rs . 10,356.00

**** - Though , we are entering on both sides - It is better not to enter with 100% always....
If we get the desired margin - we can quit....
If premium is reduced heavily - we can use another 10 to 20 % for Averaging - in case the signal is so obvious and likely to hit on either side....

Also, keep in mind that suppose if we enter for Rs .226 - in above case - is there any possibility to hit on either side with the possibility of full amount...?
(Remember the first combo... in the single side it went beyond 215....!?)

In this case, yes there is a possibility - Current month to cross 7700..... in that case , call premium will be in the range of 230+ , suppose if it goes below 7240 in this month - Put premium will be in the range of 230+

But - though possibility is there both are on extreme cases ...... that's why entering only with 40%......  Explaining this logic - for your understanding purpose only...... for the next calls it may not be required...

Aim for a decent profit and exit safely...!
===================================================================

For SURAKSHA - 3 some of them were not credited earlier.... Sending today and tomorrow alongwith 4th remittance.... Reference will have the info SURAKSHA 3 and 4
Similarly for the other schemes, whatever yet to be transferred are scheduled for today and tomorrow....   Kindly bear the delay this time .... should be completed 100% by tomorrow , as I need to focus on trading for the next week & expecting a big big move...... Let's wait and watch...!

For STM - the transfer requests , I have received from few of you....and some of the entries are still pending....  If you have not received your ID  and units  ( LExxxxxxx      Total units :    xxxx ) , please revert back.

5Y33K Update......   Most likely by today / tomorrow we will exit the positions completely.... partially made exit yesterday..... will keep you informed after exit & profit entry in 5Y33K batch....

===================================================================

My mail ID : editor@livingextra.com is working - only sending group mails is having some issue... You can communicate to the same mail ID for any clarifications / requests.....


With kind regards,


Rishi





3 comments:

  1. Excellent quotes Rishi...Thanks for your continued efforts.
    For your kind information, still I didn't receive the confirmation ID and Units.

    ReplyDelete