NIFTY Options Trading by RAJ

[bapu4]

Heheheheehe !! U always satisfy my queries on dot in one shot !!
Thanks bhai !! It is done !!

God bless u !!
Rgds !!

 

[niftytaurus]

When the Market MAX OI was 6100 and MAX PAIN at 5900. I had bought 5900 Puts (When the market was at 6100 SPOT). Now I have converted into a Debit Spread.

Bought the 6000PE-6200CE Pair at 135. Both 6000 and 6200 are possible in this month. The only thing is that the Sideways market could kills this. But with a Lot of action pending in October, Hope market will not be stuck in the Sideways. The VOLT is also LOW to go for Debit Spreads.

INDIAVIX is also down to around 22%. So it would be good to buy ITM Debit Spreads or OTM Credit Spreads.

When the Market goes to 6300 (MAX OI @ CE) - I will once again go for Naked Put Options.

Hi Raj bhai
bought 6000 pe & 6200 ce @ 135...

 

[healthraj]

TCS After good Results the Resistance has changed from 2200 to 2300. Trading now at 2216. Yesterday both the MAX Pain and Resistance at 2200. Today Resistance moved to 2300

 

[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

As expected RELIANCE Tested Resistance of 900 (898.5) and Trading near the MAX Pain of 870 (867). So it is very much a Trader's Stock during the Result Days. And one can Sell Reliance at Resistance with confidence. RELIANCE mostly never breaks out on a Result day. At 860 (MAX Pain), it might be a good to buy.

 

[healthraj]

NIFTY VOLT Chart at EOD

At the End of today, NIFTY VOLT Chart shows as converging around 5850-5900. So I am hoping it works.

Yesterday's VOLT chart showed the converging on the downside and market came down 100 points from Highs. Today it shows the converging on the UP side around 6300. Let us see on Thursday what happens.

 

[Gandhar.]

hmm do FII know something which we dont or our domestic institutions know something which they dont (we should be stuck in between )
in cash mkt
FII buy 1136crs
DII sold 1035crs

 

[healthraj]

hmm do FII know something which we dont or our domestic institutions know something which they dont (we should be stuck in between )
in cash mkt
FII buy 1136crs
DII sold 1035crs

It is because of a Positive Expectation on the Debt ceiling. They start selling and buying telling the same reason. Debt ceiling concern - So we are selling. When the Reach the support, they will tell that they are hopeful for a solutions and start buying till they reach the Resistance.

So as Technical Traders we should not look at Fundamentals. We should only look at Technical like the Price Action, Support, Resistance etc.. When the market was at 5700, everyone was bombarded with the Debit ceiling and US Shutdown problems and when everyone was negative and started selling the market went UP. So at 6200/6300 the same thing will happen. Even Today everyone was made to believe that the market will goto 6400 tomorrow and then the market went down to 6077 by nearly 100 points

 

[Option.Trader]

Yesterday's VOLT chart showed the converging on the downside and market came down 100 points from Highs. Today it shows the converging on the UP side around 6300. Let us see on Thursday what happens.

Shaking the weak hands off the market i guess... FII's for 2nd straight day initiated fresh longs in futures. I would expect the market to make a new high before retesting support levels.. unless the world stops due to Oct 17 tamasha

 

[Option.Trader]

At EOD 6300 CE was strengthened. So I think we will See 6300 in this month. Let us see if NIFTY tests 6000 before that

Any reason that you ascribe to nifty testing 6000 before testing higher levles?
For the last 3 days
Date Max OI Max Pain Nifty close
10-Oct 5700-6100 5900 6020
14-Oct 5700-6300 5950 6112
15-oct 5700-6300 6000 6089

Wouldn't the pattern indicate the higher levels being touched before coming to the max pain.. in this case, 6240 being breached before coming down to 6000... give or take +-20 points delta

 

[anup0212]

well said adg123 and gsn57iaf , to me seems that guy lost his money in yesterday trade and today is leave so he needed someone to blame and he came here and joined the forum and started writing whatever he wanted to ... see his join time that is Oct 13 ..to me he might have joined today morning 5:35 am , celebrating bakrid in sad way....