NIFTY Options Trading by RAJ

[healthraj]

Market has made more or less 500 points from the bottom of 5320. So wait for clear trend before long. For Today as per OAT, the Low could be 5760.

In the Options no positions made yet for 5800 Levels. So wait for positions to be made in 5800 CE and 5700PE, if you expect the market to go above 5800. My sense since the 500 point milestone is reached, It would at least correct 40% from here which is to Test 5600 once again, where the MAX Pain is also located.

Please close all the previous pairs.
Those who want to Trade Pair can Buy the Pair 5500PE-6000CE at around 94 now

Book minimum 50% at 114. Profit of 20 points.

alternatively you can book 100% now in 6000CE and Hedge once again with 6100CE @ 44

I have closed 6000CE with 40 points profit and Bought 6100CE @ 42. So now I am carrying 5500PE-6100CE pair at 82.
It is like closing the 5500PE-6000CE @ 25 points profit and buying 5500CE-6100CE @ 82. I hope it should work

 

[healthraj]

I bought the pair ultimately for 92 and it is now trading at 104.

5700PE and 5800Pe have been added around 20L positions in the last one hour. So the Bulls are in a hurry to take market to highs.
MAX Pain shifted from 5600 to 5700. So this month in the last 6 Trading days, the MAX Pain has shifted from 5500 to 5600 to 5700.

MAX Pain has changed to 5800. So the poor PUT holders are taken for a Ride in this month. So if there is a negative market correction it would be Severe... The BEARs are just waiting to Jump...

Those who want to Buy naked options, I think you can hold on. Hope the market will touch 6000/6100.

The MAX OI still at 5300-5700. 5800 will soon catch with 5700 (Difference is just one lakh).
6000CE will also catch up soon because the difference is just 2L compared to 5700/5800.

 

[healthraj]

Today 5800 and 5900 are also bullish. So you can expect High to be in the Range of 5880-5900. The OAT Intraday Pivot is around 5880.
The Suspicious thing is the INDIAVIX. When the Market is going up the INDIAVIX has also gone up by 2%. normally VIX going UP indicates a SELL.

Market made high 5906 in NIFTY Futures. The Intraday Pivot which was at 5880 is now at 5930. So there is some more HIGHs to be made in this market.

 

[healthraj]

Today the COI in PE is around 65L and the COI in CE is 23L. So it is literally moving the market UP by 200 points. the MAX COI is at 5800PE with 21L.

The Difference between 5700CE and 6000CE is closing. Difference is just 10K. So the NIFTY Trading Range on a single day will be changed by 300 points from 5300-5700 to 5300-6000. I think this is the biggest move on a Single day in the last 3 months, that too on the UP side

 

[healthraj]

Today the COI in PE is around 65L and the COI in CE is 23L. So it is literally moving the market UP by 200 points. the MAX COI is at 5800PE with 21L.

The Difference between 5700CE and 6000CE is closing. Difference is just 10K. So the NIFTY Trading Range on a single day will be changed by 300 points from 5300-5700 to 5300-6000. I think this is the biggest move on a Single day.

MAX OI changed from 5300-5700 to 5300-6000. So this month, market will touch 6000+ definitely.

 

[Option.Trader]

I really dont get this..

I can understand FII behavior.. they were massively short on Index futures and Options in the first few days of the series.. and completely unwound the shorts yesterday and today... all that resonates well with common sense logic

Clients on the other hand.. someone like you and me.. have been building on shorts from the last 2 days when there has been a breakout.. why would they do that... why go continuously short when markets have broken all near term resistance... i mean tuesday could be a different day... but thats just gambling..

So here's what i feel.... if we even have a moderate to good opening on Tuesday and inch higher than 5725.. there is going to be a massive short covering with most stop losses getting hit..

Fii's caught on to game early. They unwound all their shorts 4 days earlier and clients as usual were led to slaughterhouse. Change of plans with my free options. I came out of my 5500 ce options as the break out rally played out. I'm just having really penny 5300pewhich I'll carry to Sept 18 event

 

[gurjant]

Fii's caught on to game early. They unwound all their shorts 4 days earlier and clients as usual were led to slaughterhouse. Change of plans with my free options. I came out of my 5500 ce options as the break out rally played out. I'm just having really penny 5300pewhich I'll carry to Sept 18 event

I also have 5100 put... For tht day... But unfortunately I sold my call today.... don't know if market again with big green today? Do u hv any plan yar? ND I also sold my dollar put today.

 

[Mr.Perfect]

Raj bhai what are your views on Nifty today

 

[srinivas.vrv]

OAT is the Optionschain Analysis Tool developed in Excel. You can find the link in my signature

thank you for ur reply raj. i have been doing trading in nifty options for last three years and lost more money. But learnt so much. During this period i have developed some safe strategies in options(20 percent on year basis atleast). Tragedy is now gathering capital from outside becomes almost nill.

 

[healthraj]

Options Analysis for Today

As per the OAT tool,

Today the Intraday Pivot is at 6023. Those who bought at low already might be enjoying 60 points profit.

The MAX Pain has shifted from 5800 to 5900 early in the morning which is Bullish signal.

The MAX OI is also at 5300-6000. So 6023 might be possible for Today or before this Friday.

As usual, Those who does not want to take risk can Trade the Options Debit Spreads. You can choose the pair based on the Premium that you can afford. My suggestion would be 5600-6100 Pair which is available around 120

Today the VOLT has Gone up. So the Options Premium has also gone up.

Keep an Eye on the INDIAVIX. As long as the VIX is going UP, hold the call. Otherwise please close the pair. Sometimes in the next four days the market needs to consolidate and during the Consolidation the VIX can go down. Right now VIX at 30.95 UP by 5.3% from Yesterday's close