NIFTY Options Trading by RAJ

[anup0212]

TCS Resistance is around 2200. If you get it around 2200, then it is a SELL.

TCS HIST VOLT @ 34.08. AVG CE IV @ 39.4 AVG PE IV @ 40. MAX Pain @ 2000. Current Price @ 2150. So wait for 2200/2180 to take any positions in TCS. Looking at the VOLT and IV I think the IV is not very HIGH and PE IV is little bit more than CE IV.

If it is a Naked option So I would Buy 2000 PE

If it is a Strategy I would Buy 2200CE-2200PE Pair or 2180-2200 Pair.

Raj,
I guess you are suggesting Debit spread , but I want to know credit spread. so as per your earlier suggestion 2000 -2200 , is this still holds good ?

 

[prabhsingh]

Raj,

How about buying PE for Hindalco for 110 Strike Price for current series.It can give good result.Thoughts Welcome.

Hindalco touched low of 109.80 which is close to 110 and did damage what was expected.

 

[healthraj]

Raj,
I guess you are suggesting Debit spread , but I want to know credit spread. so as per your earlier suggestion 2000 -2200 , is this still holds good ?

That should be fine. But Keep a watch on 2000. MAX Pain is also at 2000

 

[healthraj]

MaX OI is still at 5700-6100. So for the moment Support is 5700 and Resistance is 6100, Which is why a SELL Call given 6100. What you are saying is the COI (Change in Open Interest). So you might see the OI of 6300 very closer to 6100 (diff is only 10K), which might change anytime... if the MAX OI changes to 6300, then our new resistance would be 6300.

MAX OI will move from 6100 to 6300 in few minutes or Seconds and there will be a Rush to Go UP. Whether the RUSH will be converted into a BUY or SELL by the FIIs we have to See.

 

[Cubt]

So you might see the OI of 6300 very closer to 6100 (diff is only 10K), which might change anytime... if the MAX OI changes to 6300, then our new resistance would be 6300.

Thanks Raj. So as per my understanding when it changes to 6300, it means market broke the previous resistance and entering into new zone where it can move near 6300 and that would be the levels where we may need to initiate fresh shorts.

please correct me if am wrong.

 

[healthraj]

Thanks Raj. So as per my understanding when it changes to 6300, it means market broke the previous resistance and entering into new zone where it can move near 6300 and that would be the levels where we may need to initiate fresh shorts.

please correct me if am wrong.

Yes that would be Perfect. But it could also be a Cheat because that way you can make people wait for 6300 and then take the markets down. But yes that would be the safe option

 

[Just4tradin]

ya.. that may happen after 12pm, after the Inflation numbers announcement. A little knee jerk reaction - a little dip and shoots up

 

[bksujal]

what time is the WPI data???

 

[Just4tradin]

12pm I think

 

[prabhsingh]

WPI at 12 PM and CPI at 05:30.