1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures - Bac

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

i think taht pair trader are not with any loss.............. can any body post the figure of that pair

The Last pair of 5800-6000 taken at 97.75 now trading at 72

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Those who have not Gone Long at Lows, Do not be in a Hurry above 6030. Wait for the Clear Signals. The Fight at 6000 is till not Over.

Right now CEs are getting squared OFF. So book partial profits at 6030 levels and Wait for some pullback to take fresh positions.

6000PE has addedd the highest CHG in OI - Which is good for Bulls. But in 6100 CE / 6200 CE no positions.

Told you Yesterday that there are no signals to Buy above 6030. So the options Data has it all. When a Big Wall is built at 6000. It cannot be crossed so easily. There is also similar Big wall at 5800 and 5900. So the market will also not cross 5900 so easily. So you can buy at Lows. 5900 has the overall MAX OI. For Today the Trend would be Down. So you can sell around 5950-5960. If you get NIFTY around 5880-5900, it is surely a BUY looking at the Options data

 

[prabhsingh]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Told you Yesterday that there are no signals to Buy above 6030. So the options Data has it all. When a Big Wall is built at 6000. It cannot be crossed so easily. There is also similar Big wall at 5800 and 5900. So the market will also not cross 5900 so easily. So you can buy at Lows. 5900 has the overall MAX OI. For Today the Trend would be Down. So you can sell around 5950-5960. If you get NIFTY around 5880-5900, it is surely a BUY looking at the Options data

11L is the Change in OI for 5900 CE.Isnt that alarming bell?

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

That might be because of profit booking in 6000CE. (Those who bought 6000CE might be booking their profits).

My opinion is for market to move UP beyond 6030, Positions need to be made in 6100 CE / 6200 CE. But there are huge positions in 6000 PE suggesting that the BULLs are still not SAFE and they are still fighting to SAVE 6000.

Anyway the results will be seen live 2:15 PM.

So keep this simple rule, For the market to Go up, the Higher strike (CE) and the Lower Strike (PE) should have positions in proportion to the strike. But 6100CE and 6200 CE did not have any positions. The Positions at CE are taken by BEARS. If they don't take positions there, that means they do not think market will go there...

 

[jamit_05]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

11L is the Change in OI for 5900 CE.Isnt that alarming bell?

I think so too... now it'd be best to sell into rallies near 6000...

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

11L is the Change in OI for 5900 CE.Isnt that alarming bell?

For today anyway the damage is done already. It is good that the MAX OI is at 5900-6000, which indicates a tough fight, which is anyway in favour of BULLs. Not able to make anything out of the CHG in OI because PEs are getting squared OFF. All the PEs are getting squared OFF (19L so far), meaning BEARS are not very keen in taking the market below 5900.

So wait for the PEs squaring to be over and for the BEARS to take their profits. Then they will have to take fresh positions.

But for today as told Already, until the Squaring OFF stops market will make Lows.

 

[Option.Trader]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

I think so too... now it'd be best to sell into rallies near 6000...

This is an ideal opportunity to see how options table behave. Let's deduce on strategy when facing news and gap down.
- put unwinding with massive call built up, take naked puts
-only some levels call built up say 6000,5900 - range trading
- only some levels put unwinding again range

 

[Option.Trader]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Cannot buy Puts. Charts are still in uptrend. Downtrend only below 5800 (tentative)

The option table is showing reducing PE Oi, but increase in CE Oi is still not strong enough... it might become strong along the day. Lets see. I would like to see 60CE Oi>70L the first thing.

6000 ce now 70l, call writers are having a day riding on last hopes of bulls

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

The reason for Market going down today is the Steps being taken by RBI to control the falling Rupee. RBI is in doubt that Banks are using the extra money they have to play with the Currency market. So RBI has changed the interest rate so that the banks will not have that extra money and the Speculation in Rupee will be low. So the banking stocks are the worst hit. Cash Traders can anyway use this as an opportunity and the Buy Stocks Like SBIN, which is available at 1800 - Major support for SBIN.

 

[jamit_05]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

The reason for Market going down today is the Steps being taken by RBI to control the falling Rupee. RBI is in doubt that Banks are using the extra money they have to play with the Currency market. So RBI has changed the interest rate so that the banks will not have that extra money and the Speculation in Rupee will be low. So the banking stocks are the worst hit. Cash Traders can anyway use this as an opportunity and the Buy Stocks Like SBIN, which is available at 1800 - Major support for SBIN.

Sure, SBIN @1800 is a good purchase. It is also a very strong support of 52W Low.

It is likely that the news for Rate Hike builds up bearish momentum and 1800 breaks and a lower support of 1600 is met. In that case, the next upswing will give a chance to exit the earlier purchase of 1800 at near break even. Point being, for short term trading SBIN @1800 is a wise move.