NIFTY Options Trading by RAJ

[healthraj]

Revisiting INFY data on how to take positions tomorrow.

First of all INFY Looks little bit Tricky now because the IV has dropped.

The MAX OI Range is at 2600-3500 also looks very dangerous because it is a very broad range. 3500 is around 15% away from current Level of 3100, which would seem possible. 2600 from 3100 means INFY need to make 500 points movement, which is also possible for INFY ..

The VOLT has come down today from 66% Yesterday to 62% today. So we have to watch the INFY IV tomorrow. Last week it was 55%.

Tomorrow we will look at the INFY data at 10 AM, 12 PM and 3 PM. We will take our positions after 3 pm tomorrow, if we feel that we have a Safe trade.

May be there is one more indicator : MAX Pain . MAX Pain of INFY is at 3050

10:00 AM Update : The AVG VOLT which was 62% yesterday has increased to 65%. From an Intraday Perspective OAT indicates a BEAR. But since the MAX Pain @ 3050 was broken yesterday I would expect INFY to move UP by at least 5% from 3050, which would be 3200.

The CE VOLT is 60.23 an PE VOLT is at 70.34. So I think PEs getting Short more than the CEs. So the Bias is towards UP.

For Intraday, As per Price Movement, BUY ABOVE 3135 and SELL BELOW 3095. Prices are in SPOT
Let us do a Check at 12 again

Today's INFY 6min Chart based on which I gave the Intraday Levels

 

[singlap]

Great analyses about Max OI and Max Pain. I have been following this from last few days Raj. I am not much into technical analyses but would like to take your help - where can i find live max pain and or historical pain data ? We can see Max OI in nse website, similarly something available for pain. Thanks in advance.

 

[vishal7176]

i take my lifes too BIG Risskk In INFY....

Shorts INFY 3500 CE @49 (avrage)-2500 QNTY

Shorts INFY-2700 PE @ 52 (Avrge) -1500 qnty


my BOSS is neutral on INFY .....Not more than 8 % movment .

in my office everybody write option ...in HUGE Qnty...i have not capacity to take more rissk...thats why take small riskk


lets see ....what will happen .......

 

[anup0212]

Somehow I'm not comfortable selling infy options, maybe it's got to do with a trade where I got 10x in a day, always gives me a jitter thinking what would have happened if I was a seller. No counter trade will help. But I guess it's just my mind playing tricks, the volatility is unusually low before the results this time though

Hi OT this time due to some displacement instead of debit spread already credit spead were placed and today i closed my debit spread position of 2600 PE and 3500 CE will a loss of 35 points so it seems this time credit spread already in place and might be tomorrow this credit spread will also not be of much profit as already smart players have taken that out. anyways let see tomorrow what happens

 

[Option.Trader]

Date 10.10.2013
Lets see how Nifty is shaping up b4 the so called earnings innings starter.. i dont think Infy will be the joker in the pack with world news , a bad result will give only buying opportunities

As seen below, FII's have gone long.. even though the numbers look totally in favour towards a bullish sentiment, net - net, they are balanced in this series. So they can change track quickly
Just surprised to see Option writers latch onto 6300CE so quickly.. a day would have given them better entry !
Keeping fingers crossed for the Max pain trade... hope Raj will update in the morning on the levels as no connection in office

 

[Option.Trader]

Today's INFY 6min Chart based on which I gave the Intraday Levels

Raj,

Is it possible for you to have a chart in OAT to have an option to show 5-60 min nifty spot candle chart between two dates? I think the OAT tool already downloads the data.. if we could have some way to display these time interval data it could be really useful..

 

[healthraj]

INFY will open UP 10% and test our MAX OI 3500. So it is at our MAX OI of 3500. NIFTY should also open at 6100 and Test 6140. Let us see if the VOLT goes DOWN or Goes UP

Opened 10% but now down at to 6.5%.

 

[healthraj]

Raj,

Is it possible for you to have a chart in OAT to have an option to show 5-60 min nifty spot candle chart between two dates? I think the OAT tool already downloads the data.. if we could have some way to display these time interval data it could be really useful..

Yes the Data is available. But I thought the normal candlestick charts are anyway available in the public domain.

 

[TraderRavi]

INFY will open UP 10% and test our MAX OI 3500. So it is at our MAX OI of 3500. NIFTY should also open at 6100 and Test 6140. Let us see if the VOLT goes DOWN or Goes UP

infy only 6% up in preopen......

 

[TraderRavi]

infy only 6% up in preopen......

infy flat