Disclaimer : Stock,options,share trading is risky business, trade according to your plan and at your own risk.
This is intraday call or put tips(book Loss or profit on intraday basis dont carry forward your position)
GLOBAL SELL OFF
Today US JOB DATA will be realeased and will decide the coming weeks scenario.
Global cues,global market sentiments, futures data, PCR all suggest market should open with huge gap down and then BOUNCE back.
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I also follow Moving averages on chart for short term i use sma 3 and sma15 combination, for entire day i use sma8 and sma 34 sometimes sma 50.
when price(rises) cuts the sma's from bottom, i go long.
when price(falls from top) cuts the sma's frm top, i go short.
I will explain my daily strategies in detail in (learning segment)
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if you already have puts or shorts open and if market opens with huge gap down book some profit
risky lovers can buy nifty if markets open with huge gaps down(buy around 5200 maintain strict SL). else avoid fresh buying or shorts for a day.
(check the signals using moving averages)
Never go for web based interface for trading
Always use software based terminal and lowest brokerage for options.