NIFTY Options Trading by RAJ

[healthraj]

MAX Pain changed back to 6150 and I think by looking at the movement, I think Shorts are getting built so, you can Try shorting around 6250 to Play the MAX Pain tomorrow at 6150. Better Take shorts in NOV-13 Series.

As per MAX Pain theory NIFTY should be correcting tomorrow on the downside. MAX Pain is indicating somewhere between 6100 to 6150. Hope you have close the Longs and Taken some puts. If we look at the 30 min Charts the Channel is between 6230 to 6130. So the market could expire between 6130 (Lower channel ) and Pivot (6180).

 

[yankeetrader]

How about Nov. Series. I see same buildup for nov series too

 

[healthraj]

How about Nov. Series. I see same buildup for nov series too

For NOV-13 Series, At the end of the Day there is a Small change in the OI build up. MAX OIC @ CE has changed from 6300 to 6400. So those who are holding the Shorts it would be better to close the Shorts tomorrow and Take Fresh shorts around 6400 or Go Long at EOD tomorrow simply because of the Diwali factor. As for as my observation goes, Diwali Trading has been always on the UP side.

 

[Gandhar.]

@ Raj bro what about Maruti looks like a good downmove tomm?
Max Pain @ 1600 should 1 try and buy 1600pe or should one go for 1650pe to be safe?(i cant short options )

EDIT----
HDFC's max pain is @ 800 can any1 else confirm that coz thats 5% below LTP and tomorrow is expiry (OO also shows 800 as MP with 820 closing to 800)
lets see how it trades tomm

 

[Option.Trader]

For NOV-13 Series, At the end of the Day there is a Small change in the OI build up. MAX OIC @ CE has changed from 6300 to 6400. So those who are holding the Shorts it would be better to close the Shorts tomorrow and Take Fresh shorts around 6400 or Go Long at EOD tomorrow simply because of the Diwali factor. As for as my observation goes, Diwali Trading has been always on the UP side.

When is mahurat trading, Sunday?

 

[Gandhar.]

When is mahurat trading, Sunday?

yes on 3rd NOV

 

[bapu4]

Dear Raj,
U might have noticed that TATACOMM reached 250 !! I tried to check on NSE aabout the historical data of the OI's but in this respect the site seems to be lousy !! For my academic interest ,i wanted to see how suddenly the OI scenario in last 3-4 dayz might have changed to take tata comm from 220 to 250 !! Can u help in this regard ??

God bless u !
Rgds !

 

[healthraj]

@ Raj bro what about Maruti looks like a good downmove tomm?
Max Pain @ 1600 should 1 try and buy 1600pe or should one go for 1650pe to be safe?(i cant short options )

EDIT----
HDFC's max pain is @ 800 can any1 else confirm that coz thats 5% below LTP and tomorrow is expiry (OO also shows 800 as MP with 820 closing to 800)
lets see how it trades tomm

On a Closing basis, for Maruti the MAX Pain, Resistance and Support all are at 1600. So it is worth a Try to Short for 1600. Better to buy 1650PE

 

[healthraj]

The MAX Pain has changed back to 6200. So those who have taken a Short at 6250, Try and close around 6200. 6150 might not be very easy to get today.

 

[anup]

The MAX Pain has changed back to 6200. So those who have taken a Short at 6250, Try and close around 6200. 6150 might not be very easy to get today.

have shorted 6200CE when nifty was at 6250