NIFTY Options Trading by RAJ

[healthraj]

Any way to ascertain if nifty is being propped up for expiry and reversing for next series?

One way is to Look at the OCT-13 Options Chain. MAX OI is the same at 5700-6000. Since there are two more days to Expiry we cannot expect any Big moves. The NIFTY would be moving in the Range of 5950 to 5850. NIFTY had a good run from 5300 to 6200. So now the operators would want to make max gain by Eating the premiums. So I don't think we can expect any Big moves. The OCT-13 Range is also very small 5700-6000. Only if 500 points Range is created we can expect anything in OCT-13. Otherwise OCT-13 might be a boring month. So better to wait for this month to be over to take any BIG positions in OCT-13.

For the time being Play for 100 points between 5950 and 5850. 5850 will be definitely tested before this expiry

If 5962 is the TOP, then 120 points from 5962 would be 5842 which could be the Low for Today or Tomorrow. Before this expiry it would be too much to expect the Break of 5840 which has been the 200 DMA and which had been protected in all the previous 10 trading days. So it would be a Good Buy at 5850

 

[Cubt]

One way is to Look at the OCT-13 Options Chain. MAX OI is the same at 5700-6000. Since there are two more days to Expiry we cannot expect any Big moves. The NIFTY would be moving in the Range of 5950 to 5850. NIFTY had a good run from 5300 to 6200. So now the operators would want to make max gain by Eating the premiums. So I don't think we can expect any Big moves. The OCT-13 Range is also very small 5700-6000. Only if 500 points Range is created we can expect anything in OCT-13. Otherwise OCT-13 might be a boring month. So better to wait for this month to be over to take any BIG positions in OCT-13.

For the time being Play for 100 points between 5950 and 5850. 5850 will be definitely tested before this expiry

If 5962 is the TOP, then 120 points from 5962 would be 5842 which could be the Low for Today or Tomorrow. Before this expiry it would be too much to expect the Break of 5840 which has been the 200 DMA and which had been protected in all the previous 10 trading days. So it would be a Good Buy at 5850

Very good detailed analysis, am a silent observer of ur thread. U r doing a wonderful job, Raj.

 

[healthraj]

Those who are following OAT, there is a big fight going at 5900 between the BEARS and BULLs. BULLs already made sixty points above 5900. So they might not give a tough fight. Right now 9L in CE and 9.75L in PE favouring Bulls. Let us see who wins and whether 5850 will be made today.

INDIAVIX is at the lower end of the channel. So once again assuming on Expiry the days the channel would not be broken it is advantage BEARS.

BEARS and BULLS have another 20 minutes to make their positions.

@ 1:30 9L in CE and 9.75L in PE - Favouring BULLs
@ 1:40 9.46L in CE and 9.38L in PE - Favouring BEARS
@ 1:50 10.32L in CE and 9.54L in PE - Favouring BEARS
@ 2:00 9.36L in CE and 10.15 in PE - Favouring BULLs
There is a Triangle breakout pattern in 30 min charts

@ 2:10 9.05L in CE and 10.56 in PE - Favouring BULLs

 

[prabhsingh]

In 10 min chart,SPOT nifty has made a triangle pattern hence if somebody wants to grab quick 20-25 points with high risk then buy when Nifty SPOT is greater then 5921.

 

[guptak03]

Almost all time frames making Triangle pattern 3,10,15,30,60

 

[toocool]

In 10 min chart,SPOT nifty has made a triangle pattern hence if somebody wants to grab quick 20-25 points with high risk then buy when Nifty SPOT is greater then 5921.

There are always more failures (of chart patterns) on charts rather than winners, specially small time frames, if one decides to trade lower time frame it's even more chaotic, the triangle now can become anything later, must avoid trading patterns in such a low time frame

 

[jamit_05]

Almost all time frames making Triangle pattern 3,10,15,30,60

A strong breakout in either direction is due!

 

[prabhsingh]

A strong breakout in either direction is due!

It has to be on the downside because we are about to start or infact started C wave.Go Short.

 

[healthraj]

Those who are following OAT, there is a big fight going at 5900 between the BEARS and BULLs. BULLs already made sixty points above 5900. So they might not give a tough fight. Right now 9L in CE and 9.75L in PE favouring Bulls. Let us see who wins and whether 5850 will be made today.

INDIAVIX is at the lower end of the channel. So once again assuming on Expiry the days the channel would not be broken it is advantage BEARS.

BEARS and BULLS have another 20 minutes to make their positions.

@ 1:30 9L in CE and 9.75L in PE - Favouring BULLs
@ 1:40 9.46L in CE and 9.38L in PE - Favouring BEARS
@ 1:50 10.32L in CE and 9.54L in PE - Favouring BEARS
@ 2:00 9.36L in CE and 10.15 in PE - Favouring BULLs
There is a Triangle breakout pattern in 30 min charts

@ 2:10 9.05L in CE and 10.56 in PE - Favouring BULLs

@2:30 9.84L in CE and 10.47L in PE - Not much difference
But there was a Sharp Sell and NIFTY Dropped to 5883
@2:40 10.3L in CE and 9.4L in PE - Not much difference - But Favouring BEARS now. Changed from BULLS to BEARS

 

[jamit_05]

It has to be on the downside because we are about to start or infact started C wave.Go Short.

It won't happen today. Price is in a strong area of congestion. Plus its expiry, when people are busy rolling over and not taking fresh positions... unless they are driven by some news. So, mostly sideways.