NIFTY Options Trading by RAJ

[Option.Trader]

As expected the MAX OI has changed from 6100 to 6300. The MAX Pain is at 5950. So I am holding the Shorts hoping that before Going UP, it would correct at least tiil 5950/6000

I think as per your prior analysis, if MAX OI remained at 5700-6100 with Max pain moving to 5950, the probability of it correcting would be higher.
With Max OI also moving to a higher level, I think Nifty reaching the upper end are higher at this point of time (6190) than coming down

 

[Option.Trader]

FII's have been buying Index futures from the last 4 trading sessions.. i think there would be a surprise in store @ the consensus resistance of 6141

 

[healthraj]

RELIANCE RESULT

RELIANCE Results are out. As expected Reliance always meet the Street Expectations because the Expectations with Reliance is normally Low. Probably Reliance will open near our Pivot of 870 tomorrow which would be a Buying Opportunity and it might Test the Highs of 900. So you can Buy and sell within Range of 870-900.

With Reliance it would be always Good to Try Options. Since the VOLT is Low, you can always go For BUY Rather than SELL.

 

[bapu4]

Hi OT,
If you elaborate more on that surprise !!You mean I think Nifty should break the resistance?

 

[Rish]

Ahead of Reliance Results, Bought Reliance Future 10 lots at 874.80.....

Infy call 3200 still i am holding for my target, keeping s/l 43.....

Let us see tomorrow.............

Raj, I hope i am not disturbing your thread............

Profit Booked at 893.10............................10 lots....

Infy still holding....................for my target.........or s/l...........

 

[healthraj]

As per the Options Data, Reliance will not definitely cross 920. Today EOD if you look at the MAX COI then the Range is 840-920. So the 840-920 Pair is Short by the Operators. The VOLT Chart also indicates a Convergence and indicates a SELL on Highs. Let us see anyway tomorrow. RELIANCE Historically goes down on Results days. Also RELIANCE mostly is held by the DIIs and DIIs are SELLing nowadays.

As per my calculation, the Top could be around 910

So the MAX OI worked and the RELIANCE made high of 902.4 in Futures

 

[healthraj]

As expected the MAX OI has changed from 6100 to 6300. The MAX Pain is at 5950. So I am holding the Shorts hoping that before Going UP, it would correct at least tiil 5950/6000

I think the new NIFTY is on its way to Test the new MAX Pain of 6000. So the market is always Right. This morning when I saw those news channels and everybody saying "there is no level to Buy we can buy at any levels". I don't know how many of them believed and bought.

MAX OI still at 6300. If somebody wants to Buy for 6300 Buy around 6000-6050

 

[anup0212]

I think the new NIFTY is on its way to Test the new MAX Pain of 6000. So the market is always Right. This morning when I saw those news channels and everybody saying "there is no level to Buy we can buy at any levels". I don't know how many of them believed and bought.

MAX OI still at 6300. If somebody wants to Buy for 6300 Buy around 6000-6050

hey Raj I think we we will see today 6045+lvl in SPOT and that will be is careful zone and need to see if to carry position or not ....what do you say ?

 

[healthraj]

NIFTY MAX OI at 5700-6300. But that could change to 5700-6200 also. Because the 6200 CE is catching up. So please keep a Watch on 6200 CE. If that is the case then today's Top could be the Top for the Series.

 

[healthraj]

hey Raj I think we we will see today 6045+lvl in SPOT and that will be is careful zone and need to see if to carry position or not ....what do you say ?

unless the MAX OI changes from 6300 to 6200, 6300 Will be met. So please close your positions between 6000-6050