NIFTY Options Trading by RAJ

[Relish]

Dear Purushotham & Relish,

just a small correction here

1. 6141.65 6067.75 (11th Nov)
2. 6108.7 6084.35 (12th nov 9.15 to 9.30)
3. 6141.65-6067.75 = 73.9
4. MF1 73.9 * 0.45 = 33.255 MF2 73.9 * 0.75 55.425
5. 6108.7-6084.35 = 24.35
Range is below MF1
Breakout level is
UP = Today low + MF1 = 6084.35+33.255=6117.6 Target 6137 (6117.6*0.325%)
Down = Today high - MF1 = 6108.7-33.25=6075.45 Target 6055.70.(6075.45-*0.325%)

Update:
Lower breakout of 6075.45 was sustained from 11:23 to 11:33.
Target 1: 6055.70 achieved at 11:38.

Thanks!

2nd setup sustained from 1:05 to 1:15 below 6075.45 current price 1:15:45 6067 lets see what happen

 

[Option.Trader]

No worries Relish.

I encountered the same when i started using this strategy initially.

My view from here:
Keep an eye on the US-INR & India VIX. If both continue to rise on the upside & if Nifty Spot sustains the lower breakout level of 6075.45 again for 10 mins before 2 PM. Chances are it may test the full target of 6033 today.

One may just take it as my personal view. I may be completely wrong here.

Thanks!

Lower breakout sustained for 10 mins from 13:04-13:14, let's see

 

[Relish]

2nd setup sustained from 1:05 to 1:15 below 6075.45 current price 1:15:45 6067 lets see what happen

Once again target met 6055.75 at 2.06 next 6033.75 at 2.54 pm achieved

 

[Option.Trader]

Lower breakout sustained for 10 mins from 13:04-13:14, let's see

Wow, amazing, experienced first hand. Baba tussi gr8 ho

 

[prabhsingh]

SHORT LT with target of 920.

Not sure how many of you followed this but covered my Short position in LT.Made a low of 923 till now

 

[labalaba72]

thanks to niftyaurus & relish

sir i want to know the logics or idea behind the option chain like what would be the impact if coi changes with huge volumes or lesser volumes at that what and all we have to gothrough for the confirmation or jst logice behind the option chain

 

[dprikka]

GM all

Nifty spot levels
Buy - 6037.9 tgt - 6057.6 SL - 5989.6

Sell - 5981.9 tgt - 5962.5 SL - 6029.8

According to Baba magic strategy...... if my levels r wrong plz correct me

Thank you

 

[singlap]

can we use futures data for BABAMAGIC calculations ? Quick reply from baba will be highly appreciated.

 

[healthraj]

I was away and could not update for the last two days. On Last week the MAX Pain @ 6200 had been broken and so had to hit the next level of 6000. As per OAT 6000 should act as the support and since the MAX Pain at 6100 will act the Resistance. 6100 will be the deciding level for the next 250 points.

 

[BabaMagic]

No Sir.

Its only Spot levels.