NIFTY Options Trading by RAJ

[healthraj]

The Premium is once again back to around 60. So do not know how long this PING PONG will continue. But unless the premiums come down we cannot expect any clear trend in this market. People who like PING Pong can also play along with the market.

The NIFTY Premium as expected has come down from 66 to 45 today. I would expect another 5 to 10 points, where the BUY might come in.

 

[healthraj]

sir i m not getting buy @ 5789 plS help

Right now it is a SELL. There is no Buy signal Yet. Wait for NIFTY Futures to Reach 5790 and see if you are getting a Pullback to Buy

 

[healthraj]

The Intraday Pivot is an average of the MAX COI (Change in Open Interest) which is at 5200-6100. So the avg of 5200 and 6100 is 5650. I do some massaging based on the "Change in Open Interest" and give you 5641 instead of 5650. When the COI changes the Pivot also changes.

The positional Pivot is based on the MAX OI - which is at 5700-6000, which would be 5850, once again which is massaged to 5858. The reason for providing the Positional Pivot is also to do some Positional trades. If 5850 is broken on the downside then one can SELL and vice versa.

So you have to use the Pivot more as Support and Resistance levels - for which I cannot put any definite rules. But you can always place your trades towards the Intraday Pivot.

For Intraday one more important point is that the COI should be in a tight range, then only indicates a Trend. For example if the market is at 5900 and if the COI is 5800-6000 or 5900-5900 or 5800-5900 then it indicates that the BEARS and BULLs are creating positions and fighting at the current levels. When the Range is something like 5200-6100 as you see in the tool today EOD, then that indicates that the Operators are selling those levels to eat premiums or it also indicate that the market might be going into Sideways for sometime. On Monday for any real trade in any direction you should get the MAX COI at 5800-6000 or 5900-5900 or 5800-5900 or 5700-5800 etc...

Assume that all the Pivot values are Future Values

since there was a GAP Down the fight is now between 5600-5800. But there is not much volume because the institutions might have taken their SELL positions on Friday itself and there are no Fresh SELL positions.

Keep a Watch on the MAX COI. The Volume is only in the range 2L.

The only SAFE Trade now as the OHLC method is SELL 6100CE.

 

[Vikas Korde]

sir i m not getting buy @ 5789 pls help

where you got this value on chart my chart shows sell at 5842

 

[healthraj]

Hi Raj,

What is significance of L2 & M2 cell or Indices sheet where these value came ? Recommended Strategy just below option chain table is supposed to be empty and now strategy came FIBO C16 cell and H-I 16 cell ? How can I add one more Position no 3 in TradeAnalyser sheet ?

Thank's

L2 and M2 is the Start time and End time - Please ignore this. I have introduced the functionality of seeing the Pivots for the other indices like FTSE, NIKKEI, HANGSENG etc... So each index has their own start and end time...

Adding one Trade to TradeAnalyser - May be in the next version where we can have max 4 positions

 

[kapilpatil]

****Deleted

 

[adg123]

Can anyone provide latest Max Pain as per Option Oracle

 

[gmt900]

Can anyone provide latest Max Pain as per Option Oracle

It is 5780.

 

[healthraj]

since there was a GAP Down the fight is now between 5600-5800. But there is not much volume because the institutions might have taken their SELL positions on Friday itself and there are no Fresh SELL positions.

Keep a Watch on the MAX COI. The Volume is only in the range 2L.

The only SAFE Trade now as the OHLC method is SELL 6100CE.

The COI which was 2L in the morning for 5600-5800 is now 4.5L and 6L.
Between 5700-5800 the COI at 5800 is 6L compared to 68K. So 5780 might break today. So play with Caution on Longs

 

[healthraj]

The INDIAVIX and NIFTY has formed a BIG FLAG from this morning and not giving any Direction. Also because 5800 is a Major support. So look for a Breakout of INDIAVIX and/or NIFTY for further move. This Breakout should minimum give 100 points.

Those Who have Gone Short at current levels should keep 5785 SPOT as the Stoploss