NIFTY Options Trading by RAJ

[ss16021981]

sorry got it

 

[Option.Trader]

That is because we are not taking all the strikes. So for the time being use the one from Options Oracle

Its very close.. 5850 is the Max pain, 5800 is also close by
From yesterdays Options data, looked like People were writing calls and unwinding 5900 Puts... so would logically expect a close near to 5850 atleast or 5800

 

[gmt900]

Max Pain shifted to 5900

 

[anup0212]

Its very close.. 5850 is the Max pain, 5800 is also close by
From yesterdays Options data, looked like People were writing calls and unwinding 5900 Puts... so would logically expect a close near to 5850 atleast or 5800

Hi OT, i think market cannot stay in 50 points range for full day so it should break in any direction...i guess move will come in second half...atleast to me a move shd happen today.

 

[Option.Trader]

Max Pain shifted to 5900

Nope.. still 5850

 

[healthraj]

Max Pain shifted to 5900

SEP-13 MAX pain at 5850. OCT-13 MAX Pain at 5800. Go with the Option Oracle. Please don't go by the OAT tool. There is some issue.

Those who are using the Option Oracle, Please post when the MAX Pain changes

 

[anup]

SEP-13 MAX pain at 5850. OCT-13 MAX Pain at 5800. Go with the Option Oracle. Please don't go by the OAT tool. There is some issue

Does that mean nifty will come down?

 

[anup]

I am firm believer in max pain concept, It has showd its power in the last few months.. I have shorted NF at 5893

 

[ss16021981]

sir ur sheet was showing 5888 pivot so i short 5800 call 2 lot as experimental and cover @ 92.50 but after touching 5888 now nifty is @ 5899 while i m posting tks so u advice when it was @ 5888 i shoul have taken call long say 5800 @ 92.50

 

[healthraj]

sir ur sheet was showing 5888 pivot so i short 5800 call 2 lot as experimental and cover @ 92.50 but after touching 5888 now nifty is @ 5899 while i m posting tks so u advice when it was @ 5888 i shoul have taken call long say 5800 @ 92.50

I am also using the same tool and seeing the same data. So how we interpret this data going to decide whether we win or loose. So there is no straight answer to your question. Monitor the tool for some days and see the pattern and trade accordingly.

My observation.

On a FLAT day like today, Use the pivot and 30 points above and 30 points below.

On a Bullish day use the Pivot as a support.
On a Bearish day use the pivot as the Resistance.

So what is important is to decide the Trend, whether it is FLAT, Bullish or Bearish