NIFTY Options Trading by RAJ

[Option.Trader]

While Yesterday the 5500Ce, 5600CE and 5700CE had more or less the same OI. Today you can see the 5500CE being added the Positions and is slowly standing out. If you see the market moving down you will see more positions being added to 5500CE and so 5500 would act as the Strong Resistance for any Longs. Same case with 5300. 5300 Will not be broken easily. As told in the beginning of the series, Market will only play this 5300-5500 See Saw for some time before breaking out. That also means there would be some volatility.

Looks like 70ltheory still works ;-) , BTW India vix rose from low of 30.9 to 31.5, interesting to see what happens to Nifty due to this, Nifty is already 2% up

 

[healthraj]

The NIFTY Futures Pivot is at 5446. So those who are long hold your Longs. Those who want to Go short Go Short around 5425-5445 with corresponding stoploss

Those who took a Short call around 5446, please have stoploss as 5496. Yes 50 points Stoploss since market moved 2%

Europe will open Flat to Negative and would give some profit for those who are Short. So better to close the Longs around current NIFTY Futures levels (5465) or Trail your stoploss to 5446.

Those who are Yet to Trade can confidently GO Short below 5431 SPOT or Go LONG above 5484 SPOT

In the 30 minute Chart all the Recent Resistance and Support lines are having a meeting at 5460 to decide on the next Direction. So watch 5460 Levels carefully.

 

[sabhlok_r]

booked bnf @ 8860.....
holding dlf short ( cmp 124.40)

dlf...sl hit @ 126

 

[healthraj]

If NIFTY makes high of 5480, then you can average the positions in the 25% that you are carrying.
Or you can buy the following

buy 5700CE Around 50-55
Buy 5100PE Around 50-55

I have bought the Pair at 120 when the Market was around 5460. Will Add Puts or Calls depending on Where it moves. Will add positions with every 50 points move

 

[healthraj]

Hi Raj,

As per OAT , it seems max pain is shifted to 5500 so do u think we will see 5500 today..

thanks

When the Market Fell Yesterday, the MAX Pain shifted from 5600 to 5500. 5600 was anyway only peeking

 

[healthraj]

NIFTY having moved 100+ will probably form a FLAG. So wait for the FLAG breakout to go Long or Short. Do not be in a hurry.

INDIAVIX Leads the FLAG formation in 10 minute. If VIX goes above 32.66 then it is a Confirmation of Short. If it goes below 30.9 then it is a Confirmation for Long.
For those who want to Trade in Options, instead of watching your stock/NIFTY, Watch the VIX levels

INDIAVIX is Trending UP. 30.9 did not Break which was a confirmation that no further UP side. Now We have to see what happens at 32.66.

 

[healthraj]

INDIAVIX is Trending UP. 30.9 did not Break which was a confirmation that no further UP side. Now We have to see what happens at 32.66.

VIX has broken 32.66

 

[healthraj]

Those who took a Short call around 5446, please have stoploss as 5496. Yes 50 points Stoploss since market moved 2%

Europe will open Flat to Negative and would give some profit for those who are Short. So better to close the Longs around current NIFTY Futures levels (5465) or Trail your stoploss to 5446.

Those who are Yet to Trade can confidently GO Short below 5431 SPOT or Go LONG above 5484 SPOT

In the 30 minute Chart all the Recent Resistance and Support lines are having a meeting at 5460 to decide on the next Direction. So watch 5460 Levels carefully.

NIFTY Futures now at 5396. Book 50% with 50 points profit from 5446. Hold the Rest with Stoploss as 5446.

 

[prabhsingh]

Nifty retraced 0.50 fib level of yesterday's fall and seems to have completed 2nd wave.3rd wave seems to have commenced and should come atleast 5200 levels which is 100 retracment from 5581 levels.

 

[healthraj]

If NIFTY makes high of 5480, then you can average the positions in the 25% that you are carrying.
Or you can buy the following

buy 5700CE Around 50-55
Buy 5100PE Around 50-55

I have bought the Pair at 120 when the Market was around 5460. Will Add Puts or Calls depending on Where it moves. Will add positions with every 50 points move

Will Add puts if market goes below 5480 and will add Call if market goes above 5520.