NIFTY Options Trading by RAJ

[Happy_Singh]

Hi

Update 2: bot back Banknifty CE 9000 @ 17 . . .

Happy



EDIT:
Note:
While calculating the margins required for these positions, please also consider the margins & M2M required for hedging . . .
For e.g. with Nifty CE 5400, consider margins & M2M for short CE & Long NF
which works out to just under 30K with most of the brokers for NRML type order

Happy

 

[healthraj]

As per OAT, the MAX Pain is at 5400. The current trend is down with the sell taken from 5348 SPOT. The next support / Resistance will be 5280. The pivot is at 5300. Since the overall Trend for Today is Bullish and the global markets are looking bullish, I hope we can play between 5340 and 5280. 40 points above the pivot and 20 points below the pivot. I hope it will bounce at 5280.

As per the OAT, The intraday Low Pivot is 5198 and the High is 5404. With the MAX Pain at 5400, Hope 5404 today will be met.

Hope a Double Top is made at 5340 NF.

 

[arcus]

For now, Nifty seems to be respecting this channel since yesterdays low

Please note that all intraday channels are weak and tend to get broken in a day or a few days at the most.

As the time frame of the channel increases, its significance increases.

Since this is a 15 min time frame and the channel has been in place for one day, it may last a few hours or if we get lucky a day or two.

 

[arcus]

The 15 min time frame up channel seems to be colliding with the 12 day down channel. Lets see who wins!

 

[whisky]

US$ back to risky zone, trading at day high @68.26

 

[Option.Trader]

The 15 min time frame up channel seems to be colliding with the 12 day down channel. Lets see who wins!

Is the channel broken on the upside?

 

[Option.Trader]

Recording option levels to check this
5300 ce 34
5400 ce 4.45
5200 pe 3.85

Update
5300 ce 64
5400 ce 7( went upto 15)
5200 pe 1.25

 

[arcus]

Is the channel broken on the upside?

Since the downward channel is based on daily candlesticks, the wicks could extent beyond the channel line intraday.

In essence, if we close today above around 5360, we can consider the downward channel "broken".

 

[healthraj]

When NIFTY was 5100, The MAX Pain was at 5300. When the market reached around 5300, the MAX Pain changed to 5400. Yesterday it was at 5400. Just one day for Expiry and so the SEP-13 MAX Pain is at 5500. So I think even if there is further downside movement, Market will once again test 5500.

Probably we should Observe and see what happens when the MAX Pain Changes. I was always thinking the MAX Pain is useful only during Expiry. But in this Expiry the MAX pain itself is changing like every three hours. So my opinion is that whenever it changes, the market tries and goes to the new value or in that direction. If we have to go by that rule. The latest MAX Pain is 5400. So we can expect the market to expire around 5400. We will anyway see the result tomorrow

Hurray. :clap: The MAX Pain at 5400 also working. So all the MAX Pain in this month has worked... Let us also see if it makes our top 5404.

If it makes 5400 today, I have seen all the Media channels telling that we will see 4900 soon, which would be 500 points away from 4900. So try and take a small risk and buy 5000 PE after the market settles down. Buy only the VOLT is low

 

[aimnifty]

Hi Raj,

Will you provide new excel file for sept series or can I update on my own current OAT file? Please describe how to do that?

Regards.