NIFTY Options Trading by RAJ

[healthraj]

MAX OI has changed from 6000-6400 to 6000-6300. I think the Top has been made in this Series.

 

[healthraj]

COI changes yesterday 6300CE - 5800 PE to 6600CE - 5700PE and Max OI same 6400CE - 6000PE and max pain 6200.

Does it means coming days will be upside or downside since COI widening everyday ?

COI with a Broad range indicates a FLAT or Directionless market. COI with a small range indicates a market with Trend or Direction.

Accordingly now the COI is at 6200-6300, which indicates a fight between 6200 and 6300 and with the MAX OI at 6000-6300 and 6300 being Bearish, we can Expect a Sell around 6330 (Futures)

 

[Neo_trader]

Max OI changed to 6200-6300 from 6000-6400.. Might stay in the range of 6250-6350 for most of the days in this series.

 

[sanjeev258380]

6300ce pos may be intraday...can vaporize at eod...and may be after touch 6200 till eod...so expecting 6240 fut level...intraday...then buy

 

[sanjeev258380]

And after tht...6400 expecting...

 

[dprikka]

Raj sir what does negative open interest in intraday suggesting....

Thanks for helping us in understanding open interest and how to trade according to it.

 

[healthraj]

Raj sir what does negative open interest in intraday suggesting....

Thanks for helping us in understanding open interest and how to trade according to it.

Negative Open Interest means either loosing interest in that strike because there is a Reversal around the corner.

 

[healthraj]

Today if you get NIFTY around 6295 SPOT, SELL for Target of 6225.
Or if you Get NIFTY SPOT around 6225, Buy for Target of 6295.

MAX OI has changed from 6000-6400 to 6000-6300. I think the Top has been made in this Series.

MAX OI has changed to 6000-6400. And NIFTY is also Trading around 6230, which indicates a BUY around this level.

NIFTY SPOT Made low 6220 and those who believe that the market would be Range bound can Buy at this level

 

[dprikka]

Thanks Raj sir

 

[healthraj]

I had sold the Pair 5700-6300 around 140.6 (since the COI was at this Strikes from the start of the Series) and Today the pair was trading around 100 - Around 40% correction, which indicates a Buy around this Level. 6300CE is trading around the value of 95.