NIFTY Options Trading by RAJ

How do you use OAT tool?

  • For Intraday Naked Options trading

    Votes: 58 37.7%
  • For Intraday Pair trading of Options

    Votes: 27 17.5%
  • For Intraday Futures trading

    Votes: 18 11.7%
  • For Positional Naked Options trading

    Votes: 35 22.7%
  • For Positional Pair trading of options

    Votes: 29 18.8%
  • For Positional Futures trading

    Votes: 11 7.1%
  • To trade in Cash market

    Votes: 13 8.4%
  • Overall trading has improved with OAT

    Votes: 27 17.5%
  • Understanding of Options has improved with OAT

    Votes: 57 37.0%

  • Total voters
    154
  • Poll closed .

healthraj

Well-Known Member
Bought 6100PE @ 50 and 6200PE @ 70.

In the morning NOV-13 series started with 6000-6400. But since the OI changed to 6000-6300 bought the Puts. The MAX Pain is also at 6200. So I am expecting the market to Correct at least till the MAX Pain. The Global markets are also weak. If the market does not correct tomorrow then I might close the Puts and Wait for 6400 or Higher to take the Puts.
 
Bought 6100PE @ 50 and 6200PE @ 70.

In the morning NOV-13 series started with 6000-6400. But since the OI changed to 6000-6300 bought the Puts. The MAX Pain is also at 6200. So I am expecting the market to Correct at least till the MAX Pain. The Global markets are also weak. If the market does not correct tomorrow then I might close the Puts and Wait for 6400 or Higher to take the Puts.
I bought 6000PE@ 30 and 6200PE@ 70. Will keep till expiry. Will average at 6350,6400 and 6500.
 

Relish

Well-Known Member
Bought 6100PE @ 50 and 6200PE @ 70.

In the morning NOV-13 series started with 6000-6400. But since the OI changed to 6000-6300 bought the Puts. The MAX Pain is also at 6200. So I am expecting the market to Correct at least till the MAX Pain. The Global markets are also weak. If the market does not correct tomorrow then I might close the Puts and Wait for 6400 or Higher to take the Puts.
Sir I am watching Nov series since this Monday and Max OI are maintains on 6000PE - 6300CE and yesterday for brief Max COI changed to 6000PE - 6500CE.
 

BabaMagic

Well-Known Member
Evening All,

Today's Strategy Outcome:-
After inserting the values in the breakout calculator at 9:45 AM, the following levels appeared.
Today's 30 min. High = 6255.20
Today's 30 min. Low = 6235.90( Which was also an intra day low decided in the first 30 mins.of trade at 09:16 AM)
Upside breakout = 6256.90, Target = 6277.20(6256.90 +*0.325%)
Lower breakdown = 6235.90, Target = 6215.60(6235.90 -*0.325%)
Level Sustained(Upside breakout) = 6256.90(12:16 PM to 12:26 PM).
Target Achieved = 6277.20(3PM)

Considering the original reward ratio of 0.70% for this strategy from the breakout level i.e 6256.90 + *0.70% = 6300.70 target was achieved at 03:11 PM.

Key takeaway from today's Nifty Spot movement:-
The key thing to note here is markets normally decides NIfty spot's intraday high/low in the first 30 minutes of the trade(Low of 6235.90 made at 09:16 AM). Post sustaining the upper breakout in late afteroon, It was evident that Nifty would make new highs irrespective of the expiry day & well supported by India VIX which was making new lows every hour.


My OTD Summary for today: Bought 6300 CE NOV (5 Lots) at an avg. of 122.60. Sold at an avg. of 131.10.


Cheers!
 

anup

Well-Known Member
Evening All,

Today's Strategy Outcome:-
After inserting the values in the breakout calculator at 9:45 AM, the following levels appeared.
Today's 30 min. High = 6255.20
Today's 30 min. Low = 6235.90( Which was also an intra day low decided in the first 30 mins.of trade at 09:16 AM)
Upside breakout = 6256.90, Target = 6277.20(6256.90 +*0.325%)
Lower breakdown = 6235.90, Target = 6215.60(6235.90 -*0.325%)
Level Sustained(Upside breakout) = 6256.90(12:16 PM to 12:26 PM).
Target Achieved = 6277.20(3PM)

Considering the original reward ratio of 0.70% for this strategy from the breakout level i.e 6256.90 + *0.70% = 6300.70 target was achieved at 03:11 PM.

Key takeaway from today's Nifty Spot movement:-
The key thing to note here is markets normally decides NIfty spot's intraday high/low in the first 30 minutes of the trade(Low of 6235.90 made at 09:16 AM). Post sustaining the upper breakout in late afteroon, It was evident that Nifty would make new highs irrespective of the expiry day & well supported by India VIX which was making new lows every hour.


My OTD Summary for today: Bought 6300 CE NOV (5 Lots) at an avg. of 122.60. Sold at an avg. of 131.10.


Cheers!
I have a question on level sustained, How long we should wait and see if the levels are sustained?
 

BabaMagic

Well-Known Member
Evening Anup,

A very good & an important question.

The time frame is 10 minutes.

It is important to wait for the level to sustain for minimum 10 minutes coz I have seen days where the levels has been sustained for 9 minutes also but it reverses back to the other breakdown/breakout level & sustains it.

Key things to know :-
Normally the levels will not be sustain in the first attempt...it makes atleast 2-3 attempts b4 sustaining it ( for instance -- today 6256.90 levels were not sustain in the first 2 attempts which lasted for only 3 minutes & 6 minutes b4 finally sustaining it in the 3rd attempt).

So the thumbrule here is not to take any positions unless & until the level is sustained for 10 minutes.

This strategy will test your patience but Who Cares as long as it gives results 99% of the times.

Thanks!
 
Evening Anup,

A very good & an important question.

The time frame is 10 minutes.

It is important to wait for the level to sustain for minimum 10 minutes coz I have seen days where the levels has been sustained for 9 minutes also but it reverses back to the other breakdown/breakout level & sustains it.

Key things to know :-
Normally the levels will not be sustain in the first attempt...it makes atleast 2-3 attempts b4 sustaining it ( for instance -- today 6256.90 levels were not sustain in the first 2 attempts which lasted for only 3 minutes & 6 minutes b4 finally sustaining it in the 3rd attempt).


So the thumbrule here is not to take any positions unless & until the level is sustained for 10 minutes.

This strategy will test your patience but Who Cares as long as it gives results 99% of the times.

Thanks!
thanks for this wonderful strategy!
i have 1 question..we wait for 10 minutes..& what if nifty crossed its target level in those 10 mins ..
thanks
 

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