NIFTY options trading strategies for 2nd jan 2011

Happy New year to all blog mates,

I had fever for some days so no post on Friday,On expiry i had told that any extreme moves on one side wud be winning trade but that was not the case i lost 3k on expiry i had bot 4700 call and 4600 put.None of them was broken but no worries as i told it was a gamble trade.

Now the confusion scenario still continues MACD shows signs of going down but RSI shows signs of heading up.

So trade with caution ,As i said my long term winning trade made me some nice bucks I had written 5100 call Jan series,which i covered at 10 bucks.

So no point in entering some mad trades,if you are followers of chart day in day out and hourly etc then you can buy on overbot and sell on oversold level,.

Weekly shows signs of bottoming out so people will be busy writing puts.Faar ones.

Monthly also shows signs of may be reversing so now people will be writing 4100 puts and enjoying.

Daily needs to do one thing RSI,MACD these guys need to get alligned on daily so that we enter jackpot trade.

TILL then wait for market action to get some clarity.

So caution word is there for daily traders.

One favour i always expect from you people.Please post my blog link on ur social network ,ur forums where u are members or share with ur family members.

Bye tc