CUES FOR MAY 4

CUES-

--Nifty May future premium increased to 9 points so cost of carry increased..
--Nifty open interest decreased by 89 lacs suggests short covering. (Total OI now at 3.64 cr)
--3400 puts had open interest of 31 lacs(+13 lacs) and 3500 calls had open interest of 21 lacs(+5 lacs), so 3400 and 3500 will be important levels to watch for.
--India VIX closed at 46.63, decreased by 4% suggests stability.
--Market wide rollover was 75.64 %, whereas rollover in Nifty
futures was 74.03 %.
--Reliance Communications , IFCI , DLF , Indian
Tobacco Company and Idea Cellular witnessed good
rollover in the next series.
---Unitech , ICICI Bank , Jaiprakash Associates
and Suzlon Energy witnessed poor rollover in the next
series.

--Positional strategy for nifty—
---IDEAL STRATEGY—NEUTRAL.
---CLOSING STOPLOSS FOR LONG—3384.
---CLOSING STOPLOSS FOR SHORT—3492.

CUES FOR APRIL 29

CUES-

--Nifty April future discount increased to 8 points so cost of carry decreased..
--Nifty open interest decreased by 2 lacs suggests long unwinding. (Total OI now at 4.55 cr which is dangerous)
--3300 puts had open interest of 71 lacs and 3400 calls had open interest of 48 lacs, so 3300 and 3400 will be important levels to watch for.
--India VIX closed at 48.80, decreased by 1% suggests stability.
--US markets closed in red.
--Asian markets trading mixed.
--Sgx nifty trading at 3391. (Up 29)

--Positional strategy for nifty—
---IDEAL STRATEGY—NEUTRAL.
---CLOSING STOPLOSS FOR LONG—STOPPED OUT.
---CLOSING STOPLOSS FOR SHORT—3494.

CUES FOR APRIL 28

CUES-

--Nifty April future premium converted to discount of 4 points so cost of carry decreased..
--Nifty open interest increased by 25 lacs suggests short addition. (Total OI now at 4.57 cr which is dangerous)
--3400 puts had open interest of 48 lacs and 3500 calls had open interest of 60 lacs, so 3400 and 3500 will be important levels to watch for.
--India VIX closed at 49.43, increased by 3% suggests instability.

--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—3387.
---CLOSING STOPLOSS FOR SHORT—3483.

CUES FOR APRIL 27

CUES-

--Nifty April future premium deceased to 1 points so cost of carry decreased..
--Nifty open interest decreased by 2 lacs suggests long unwinding. (Total OI now at 4.32 cr)
--3400 puts had open interest of 41 lacs and 3500 calls had open interest of 55 lacs, so 3400 and 3500 will be important levels to watch for.
--India VIX closed at 47.78, decreased by 7% suggests stability.
--US markets closed green.

--Positional strategy for nifty—
---IDEAL STRATEGY—LONG.
---CLOSING STOPLOSS FOR LONG—3337.
---CLOSING STOPLOSS FOR SHORT—STOPPED OUT.

OPENING RANGE BREAKOUT

dear viewers,
I have made some changes in OR srategy for positional calls.

****OPENING RANGE BREAKOUT********
--Do not trade for first 15 minutes i.e. upto 9.15 AM.
--first 15 minutes of trade is known as OPENING RANGE. (O.R.)
--Write down High and Low of Opening Range.
--now whenever trades above high or below low of Opening Range then it is known as OPENING RANGE BREAKOUT. (O.R.B.)
--If O.R.B. is up then stoploss will be low of ORB for intraday.
--same way, If ORB is down then stoploss will be high of ORB for intraday.
***********HOW TO TRADE FOR POSITIONAL CALLS USING O.R.B.*******
--------When call is 'HOLD LONG'

• Do not trade for first 15 minutes.
• now if OR breaks up then hold your longs keeping low of OR as stoploss for trading upto 3.00 PM.
• after 3.00 PM if trading level is above our closing stoploss level then carry forward the long for next day.
• If during inraday, low of OR is broken down and you have closed the long for intraday, then re-examine the level after 3.00PM. If trading above our closing stoploss level then re-enter long to carry forward for next day and if trading below our closing stoploss level, then do nothing.

--------When call is 'HOLD SHORT'
--If OR breaks up then close your short. Re-examine at 3.00PM. If still trading below our closing stoploss level then re-enter short and carry forward it for next day. and if trading above our closing stoploss then do nothing.
--If OR breaks the OR down then hold the short for intraday keeping high of OR as stoploss.after 3.00PM decide as per closing stoploss level.
----------When call is 'INITIATE LONG'
--If OR breaks up then initiate long.
--If OR breaks down then avoid the call.but re-examine after 3pm,if trading in green then initiate long and carry forward the long for next day.
---------When call is 'INITIATE SHORT'
--If OR breaks up then avoid the call.
--If OR breaks down then initiate short.but re-examine after 3pm,if trading in red then initiate short and carry forward the short for next day.
************CONCLUSION*****
--Do not trade upto 9.15 AM.
--From 9.15 AM to 3.00 PM trade with three levels(OR high, OR low, Closing stoploss) and one strategy (Long or Short).
--after 3.00 PM trade with one level(Closing stoploss) and one strategy( Long or Short).

--in short be alert when you are long and stock is trading red or be alert when you are short and stock is trading in green.

CUES FOR APRIL 24

CUES-

--Nifty April future discount converted to premium of 3 points so cost of carry increased..
--Nifty open interest increased by 14 lacs suggests long potion. (Total OI now at 4.34 cr)
--3400 puts had open interest of 35 lacs and 3500 calls had open interest of 55 lacs, so 3400 and 3500 will be important levels to watch for.
--India VIX closed at 51.3, decreased by 11% suggests stability.
--US markets closed green.
--Asian markets trading mixed.
--Sgx nifty trading at 3445. (down 1)

--Positional strategy for nifty— Initiate long with closing stoploss of 3316.(initiated at 3423 closing)
Visit the page to understand how to implement positional strategy during trading hours……….. http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html

trading diary-23 april

Trading diary for 23rd April.

-Nifty was closed at-3330.
-Strategy for day was- HOLD SHORT.
-Closing stop loss was at- 3419.
-Opening range (15 minutes) – 3350-3326..
-Break out- down
-10.10AM-3.00PM trading—HOLD SHORT INITIALLY BUT STOPLOSS HITS..
-After 3.00 PM trading- NO TRADE AS TRADING ABOVE 3419.
-Carry forward- nothing.(short closed)

CUES FOR APRIL 23

CUES-

--Nifty April future premium converted to discount of 7 points so cost of carry decreased..
--Nifty open interest decreased by 8 lacs suggests long unwinding. (Total OI now at 4.20 cr)
--3300 puts had open interest of 63 lacs and 3500 calls had open interest of 55 lacs, so 3300 and 3500 will be important levels to watch for.
--India VIX closed at 57.88, increased by 7% suggests instability.
--US markets closed mixed.
--Asian markets trading mixed.
--Sgx nifty trading at 3343. (UP 5)

--Positional strategy for nifty— Hold short with closing stop loss of 3419.(Initiated at 3330 closing)
Visit the page to understand how to implement positional strategy during trading hours……….. http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html

CUES FOR APRIL 22

CUES-

--Nifty April future discount converted to premium of 0.5 points so cost of carry increased..
--Nifty open interest increased by 1.5 lacs suggests long position. (Total OI now at 4.28 cr)
--3300 puts had open interest of 67 lacs and 3500 calls had open interest of 55 lacs, so 3300 and 3500 will be important levels to watch for.
--India VIX closed at 53.64, decreased by 1% suggests stability.
--US markets closed in green.
--Asian markets trading mixed.
--Sgx nifty trading at 3391. (UP 23)

--Positional strategy for nifty— Neutral. (Initiate long if closes above 3449 or Initiate short if closes below 3336)
Visit the page to understand how to implement positional strategy during trading hours……….. http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html

CUES FOR APRIL 21

CUES-

--Nifty April future discount increased to 6 points so cost of carry decreased..
--Nifty open interest decreased by 20 lacs suggests long unwinding. (Total OI now at 4.26 cr)
--3300 puts had open interest of 63 lacs and 3500 calls had open interest of 46 lacs, so 3300 and 3500 will be important levels to watch for.
--India VIX closed at 54.22, increased by 7% suggests instability and uncertainty.
--US markets closed in red.
--Asian markets trading weak.
--Sgx nifty trading at 3322. (Down 54)

--Positional strategy for nifty— Neutral. (Initiate short if closes below 3351)
Visit the page to understand how to implement positional strategy during trading hours……….. http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html

CUES FOR APRIL 20

CUES-

--Nifty April future premium converted to discount of 3 points so cost of carry decreased..
--Nifty open interest decreased by 11 lacs suggests long unwinding. (Total OI 4.46 cr which is still dangerous)
--3300 puts had open interest of 52 lacs and 3500 calls had open interest of 38 lacs, so 3300 and 3500 will be important levels to watch for.
--India VIX closed at 50.80, increased by 0.5% suggests instability and uncertainty.
--US markets closed in green.
--Asian markets trading mixed.
--Sgx nifty trading at 3385. (down 15)

--Positional strategy for nifty— Neutral. (Initiate short if closes below 3342 OR Initiate long if closes above 3500.)
Visit the page to understand how to implement positional strategy during trading hours……….. http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html

CUES FOR APRIL 17

CUES-

--Nifty April future premium decreased to 6 points so cost of carry decreased..
--Nifty open interest decreased by 11 lacs suggests long unwinding. (Total OI 4.57 cr which is dangerous)
--3300 puts had open interest of 47 lacs and 3500 calls had open interest of 37 lacs, so 3300 and 3500 will be important levels to watch for.
--India VIX closed at 50.51, increased by 3% suggests instability and uncertainty.
--US markets closed in green.
--Asian markets trading mixed.
--Sgx nifty trading at 3405. (Up 35)

--Positional strategy for nifty— Neutral. (Initiate short if closes below 3333 OR Initiate long if closes above 3476.)
Visit the page to understand how to implement positional strategy during trading hours……….. http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html

CUES FOR APRIL 16

CUES-

--Nifty April future premium increased to 9 points so cost of carry increased..
--Nifty open interest increased by 25 lacs suggests long addition. (Total OI 4.68 cr which is dangerous)
--Nifty call option shed 12 lacs and put option added 52 lacs.
--Put-Call Ratio increased to 1.78.
--3300 puts had open interest of 49 lacs and 3500 calls had open interest of 28 lacs, so 3300 and 3500 will be important levels to watch for.
--India VIX closed at 48.02, increased by 3% suggests instability and uncertainty.
--US markets closed in green.
--Asian markets trading mixed.
--Sgx nifty trading at 3507. (Up 15)

--Positional strategy for nifty—Initiate long with closing stop loss at 3318. (Initiated at 3484 closing).
Visit the page to understand how to implement positional strategy during trading hours……….. http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html

CUES FOR APRIL 15

CUES-

--Nifty April future premium decreased to 8 points so cost of carry decreased..
--Nifty open interest increased by 4 lacs suggests short addition. (Total OI 4.43 cr which is dangerous)
--Nifty call option added 7 lacs and put option added 16 lacs.
--Put-Call Ratio increased to 1.61.
--3300 puts had open interest of 41 lacs and 3400 calls had open interest of 34 lacs, so 3300 and 3400 will be important levels to watch for.
--India VIX closed at 46.56, increased by 7% suggests instability and uncertainty.
--US markets closed in red.
--Asian markets trading mixed.
--Sgx nifty trading at 3368. (Down 5)

--Positional strategy for nifty—Neutral.

CUES FOR APRIL 13

CUES-

--Nifty April future premium remains at 13 points.
--Nifty open interest increased by 12 lacs suggests long addition. (Total OI 4.38 cr which is dangerous)
--3200 puts had open interest of 37 lacs and 3400 calls had open interest of 32 lacs, so 3200 and 3400 will be important levels to watch for.
--India VIX closed at 43.54, unchanged suggests instability.
--US markets closed in green.
--Asian markets trading mixed.
--Sgx nifty trading at 3393. (up 33)

--Positional strategy for nifty—Book 100% profit in long position. (Initiated at 3211)

CUES FOR APRIL 9

Positional strategy for Nifty---
hold long with closing stoploss of 3141.(initiated at 3211)

CUES FOR APRIL 8

CUES-

--Nifty April future premium decreased to 4 point so cost of carry decreased.
--Nifty open interest decreased by 3 lacs suggests long unwinding. (Total OI 3.95 cr)
--Nifty call option added 25 lacs and put option added 14 lacs.
--Put-Call Ratio decreased to 1.60.
--3000 puts had open interest of 64 lacs and 3300 calls had open interest of 32 lacs, so 3000 and 3300 will be important levels to watch for.
--Implied volatility increased by 300 points suggests instability.
--India VIX closed at 41.72, increased by 11% suggests instability and uncertainty.
--US markets closed in red.
--Asian markets trading negative.
--Sgx nifty trading at 3169. (down 97)

--Positional strategy for nifty—Hold long with closing stop loss at 3079. (Initiated at 3211)
Visit the page to understand how to implement positional strategy during trading hours……….. http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html

CUES FOR APRIL 6

----After spending 5 months in 2500-3200 range, nifty had broken the rectangle on the upside with good volume.
CUES-

--Nifty April future premium increased to 11 point so cost of carry increased.
--Nifty open interest increased by 16 lacs suggests long addition. (Total OI 3.98 cr)
--Nifty call option shed 2 lacs and put option added 47 lacs.
--Put-Call Ratio increased to 1.67.
--3000 puts had open interest of 63 lacs, so it will be important level to watch for.
--Implied volatility increased by 100 points suggests instability.
--India VIX closed at 37.40, increased by 2% suggests instability.
--US markets closed in green.
--Asian markets trading positive.
--Sgx nifty trading at 3316. (Up 84)

--Positional strategy for nifty—Hold long with closing stop loss at 2998. (Initiated at 3211)
Visit the page to understand how to implement positional strategy during trading hours……….. http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html

CUES FOR APRIL 2

CUES-

--Nifty April future discount converted to premium of 1 point so cost of carry increased.
--Nifty open interest increased by 4 lacs suggests long addition.
--Nifty call option added 3 lacs and put option added 41 lacs.
--Put-Call Ratio increased to 1.54.
--3000 puts had open interest of 51 lacs, so it will be important level to watch for.
--Implied volatility decreased by 200 points suggests stability.
--India VIX closed at 36.53, decreased by 7% suggests stability.
--US markets closed in green.
--Asian markets trading positive.
--Sgx nifty trading at 3148. (Up 79)

--Positional strategy for nifty—Neutral. (Initiate long if closes above 3078).
Visit the page to understand how to implement positional strategy during trading hours……….. http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html

CUES FOR APRIL 1

CUES-

--Nifty April future premium decreased to 6 points so cost of carry decreased.
--Nifty open interest increased by 16 lacs suggests short addition.
--Nifty call option added 8 lacs and put option added 16 lacs.
--Put-Call Ratio decreased to 1.44.
--3000 puts had open interest of 43 lacs, so it will be important level to watch for.
--India VIX closed at 39.49, decreased by 2% suggests stability.
--US markets closed in green.
--Asian markets trading positive.
--Sgx nifty trading at 3040. (up 23)

--Positional strategy for nifty—Neutral. (Initiate short if closes below 2995).
Visit the page to understand how to implement positional strategy during trading hours……….. http://niftydoctor.blogspot.com/2009/01/trading-strategy-for-positional-calls.html