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

[Option.Trader]

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

RELIANCE Trading for the Result

MAX OI at 880-940. So Reliance will not be able to cross 940 easily. Risky players can Sell Reliance for Targets of 880.

2:00 PM.
Reliance MAX OI still at 880-940. And Total OI indicates a SELL. But the MAX CHG in OI indicates a BUY. So you could wait and get the MAX CHG in OI - confirmation to go Short. May be there is some more UPSide left. But my feeling is on Monday it would be on Downside to meet 880-890

Pair trading @18.8, looks attractive too with strike in between

 

[healthraj]

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

After 5 minutes of my Post saying the OI and CGH in OI are indicating a SELL market fell 15 points.

Market once again boomed back by 15 points... But the Options Data indicates a SELL.

CEs till 5900 and PEs till 5800 are getting squared OFF. So defintely some Covering is happening

Volatility Trendline meeting at 5950 now...

RELIANCE and INFY are up by More than 1% and holding the Index. When they start to Fall, the index will fall.

 

[prabhsingh]

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

Prabh bhai... U r expecting 5800 today?? No chance unless Rahul Gandhi is shot down!!! Ha ha... Or Rbi increases rate by 1 basis points

Market is not giving any major trend and moving sideway.Hopefully we will see BLACK day next week then but hopefully before expiry.

Today we might end close to or less then 6027 then.

 

[healthraj]

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

RELIANCE Trading for the Result

MAX OI at 880-940. So Reliance will not be able to cross 940 easily. Risky players can Sell Reliance for Targets of 880.

2:00 PM.
Reliance MAX OI still at 880-940. And Total OI indicates a SELL. But the MAX CHG in OI indicates a BUY. So you could wait and get the MAX CHG in OI - confirmation to go Short. May be there is some more UPSide left. But my feeling is on Monday it would be on Downside to meet 880-890

Those who want to Safe options trading can Sell the Pair 880-940.
Those who want to do Risky Naked Puts, do not Buy 880 or 900 because the MAX pain is at 900. So either buy 940 Put or 920 put.

 

[healthraj]

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

Market is not giving any major trend and moving sideway.Hopefully we will see BLACK day next week then but hopefully before expiry.

Today we might end close to 6026 then.

25 points UP around 6040 and and another 25 points DOWN from 6060 would be a Great achivement today.

 

[healthraj]

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

Do not forget to close the 5900-6000 Pair today. I Sold around 98 and closed for 10 points profit at 88. On monday if there is GAP DOWN due to Reliance then this pair will be in a loosing position. So try to Close with 10-15 points profit.

3:10 Pair now trading at 84-85...

 

[healthraj]

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

RELIANCE Trading for the Result

MAX OI at 880-940. So Reliance will not be able to cross 940 easily. Risky players can Sell Reliance for Targets of 880.

2:00 PM.
Reliance MAX OI still at 880-940. And Total OI indicates a SELL. But the MAX CHG in OI indicates a BUY. So you could wait and get the MAX CHG in OI - confirmation to go Short. May be there is some more UPSide left. But my feeling is on Monday it would be on Downside to meet 880-890

Bought Reliance 920 Put @ 15.75. Volatility is not very high. The Trendline seems to be meeting at 880. Let us see on Monday.

 

[healthraj]

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

25 points UP around 6040 and and another 25 points DOWN from 6060 would be a Great achivement today.

60 points in NIFTY made UP and DOWN.

 

[healthraj]

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

Do not forget to close the 5900-6000 Pair today. I Sold around 98 and closed for 10 points profit at 88. On monday if there is GAP DOWN due to Reliance then this pair will be in a loosing position. So try to Close with 10-15 points profit.

3:10 Pair now trading at 84-85...

3:25 5900-6000 Pair trading at 81

 

[healthraj]

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

Do not forget to close the 5900-6000 Pair today. I Sold around 98 and closed for 10 points profit at 88. On monday if there is GAP DOWN due to Reliance then this pair will be in a loosing position. So try to Close with 10-15 points profit.

3:10 Pair now trading at 84-85...

The pair finally closed with 20 points profit.