NIFTY Options Trading by RAJ

[healthraj]

Raj....shall buy puts in 5480-5500 range.

Yes the MAX OI is at 5300-5500. In this month it would for some time in the 5250 to 5550 Range. So a Short around 5550 should be a Good idea.

For Less risky traders I would suggest to trade Debit spreads rather than Naked options

 

[healthraj]

Yes the MAX OI is at 5300-5500. In this month it would for some time in the 5250 to 5550 Range. So a Short around 5550 should be a Good idea.

For Less risky traders I would suggest to trade Debit spreads rather than Naked options

Sorry the MAX OI is at 5300-5600. So please wait till the market reaches around 5580 to take the SHORT.

 

[sabhlok_r]

Yes the MAX OI is at 5300-5500. In this month it would for some time in the 5250 to 5550 Range. So a Short around 5550 should be a Good idea.

For Less risky traders I would suggest to trade Debit spreads rather than Naked options

Raj....though it is not relevant here but just wanted to communicate that I went short in Cairn fut @327 today, using your OTP tool... already in 2 rs profit
This is my first trade using OTP.....

Pl confirm if it is ok to use this thread for posting OTP trades...and thanks a ton for sharing it..:thumb:

 

[healthraj]

If we remove the nifty from BA2 : BA 22 then we get strike price as 5100,5200 means of difference between them 100 .
And if remove then we get 5100,5150,5200,5250 means difference between them is 50 then which will we use

For the time being use the first one because there are no positions in xx50 strikes. Follow the same logic for stocks when the intermediate strikes are skipped.

 

[healthraj]

Raj....though it is not relevant here but just wanted to communicate that I went short in Cairn fut @327 today, using your OTP tool... already in 2 rs profit
This is my first trade using OTP.....

Pl confirm if it is ok to use this thread for posting OTP trades...and thanks a ton for sharing it..:thumb:

Yes you are most welcome.

 

[whisky]

Sorry the MAX OI is at 5300-5600. So please wait till the market reaches around 5580 to take the SHORT.

US$ trading below 67 now, crossing 5500 NiftyFuture is looking kind of sure.
What about Bank Nifty levels?

 

[healthraj]

US$ trading below 67 now, crossing 5500 NiftyFuture is looking kind of sure.
What about Bank Nifty levels?

In the 30 minute chart the Resistance of 9000 is broken. so it might test the 60 minute Resistance which is at 9500. The OAT tools gives the TOP as 9697, which should be possible more on a positional basis. But in the 60 minute chart, there is still no BUY signal because the channel is still not formed

For NIFTY there is a channel formation in 60 minute chart between 5360 and 5560. Today or Monday it might go till 5502, as mentioned in OAT tool. And then it might turn down from 5560, if the channel is not broken. The 5500-5550 will not be easily broken with the current circumstances. So it would be a good opportunity to Short 5550-5600 for Targets of 5350. So for this month we have to trade for only 200-250 points.

 

[toocool]

I dont advise just to trade based on channels.

On one hand, there is a lot of positive divergence on the MACD and RSI but on the other we are in an intermediate downtrend.

So I expect this series to be choppy.

I am very likely not going to trade this series.

Once the indicators, charts, fundamentals and the trend are aligned (like what happened in August), that is when I think the best opportunities lie.

can you please show positive divergences on macd and rsi on charts ? will be helpful

 

[Option.Trader]

Long term support(5480) acting as resistance now.I'm shorting with a stop loss of 5480 to see if it works out. 5452 could be used as stop loss for conservative traders

 

[sabhlok_r]

Raj....shall buy puts in 5480-5500 range.

4800PE has moved from 22 to 31 now....nf has come down from high of 5482.75 to 5400....