NIFTY Options Trading by RAJ

[prabhsingh]

I think Market has tendency to touch 6333 levels which is also going to touch very important 0.618 Fib levels.

 

[healthraj]

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.

 

[Neo_trader]

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]

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.

 

[trader15]

I think Market has tendency to touch 6333 levels which is also going to touch very important 0.618 Fib levels.

What are the other fibo levels : assuming pullbacks from 0.618 level.

Does it have to pull back from 0.618 Level or as per Fibo levels it continues.

 

[BabaMagic]

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]

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]

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!

 

[anup]

Babaji, What about the trending days during which once the buy is crossed it wont stay till 10 mins it just rallies ..how to trade that

 

[niftytaurus]

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