NIFTY Options Trading by RAJ

[prabhsingh]

Yes there will be a Turnaround. As for as my opinion goes as a Positional trader the new positions are taken on Monday and closed on Friday. But since tomorrow is a holiday positions might be getting closed today also. Looking at BANKNIFTY I see more downside. As per OAT , NIFTY Seems to be bottomed out. But once again the MAX Pain gives the benefit of doubt that more downside in NIFTY is also pending and so the Range for NIFTY might shift by another 150 point to 5850, which would also give 500 points from 6350.

So if combine OAT and Fib levels together then strong support will be 5874 which is also 0.38 fib levels.This has come by taking low of 5119 to 6341 levels for Nifty SPOT.

 

[prabhsingh]

Pasting the circular from Zerodha site. So Stock markets are closed tomorrow and open for Friday.


RBI has a revised holiday notice, Holiday on Nov 14th for Moharram is revoked and is now on Nov 15th for currency exchanges. What this means is on Thursday, Nov 14th the stock markets will be closed and currency markets open and on Friday, Nov 15th stock markets will be open and currency closed.

Stock Markets are open tomorrow for trading
.
http://www.thehindubusinessline.com/markets/nse-bse-change-muharram-holiday-to-nov-15/article5347107.ece

 

[dprikka]

Today N Spot Baba magic level

Buy - 6089.1 Tgt - 6108.8 Final Tgt - 6131.7 SL - 6040.3

Sell - 6029.3 Tgt - 6009.7 Final Tgt - 6071.5 SL - 6077.5

Have a Profitable day ahead

 

[anup]

Today N Spot Baba magic level

Buy - 6089.1 Tgt - 6108.8 Final Tgt - 6131.7 SL - 6040.3

Sell - 6029.3 Tgt - 6009.7 Final Tgt - 6071.5 SL - 6077.5

Have a Profitable day ahead

Buy level has sustained for ten minutes. Lets see..

 

[healthraj]

As tomorrow is a Holiday and since both the Bulls and Bears made 60 points today, market might go into consolidation from here. So it is better to take a Sell pairs now. The MAX COI also is in broad range of 5600-6100 / 5900-6100suggesting the Trend is over for today. Those who want to Trade the pair can Sell the Pair 5950PE-6150CE or 5900-6100 Pair for around 100 available now. With Holiday tomorrow and the market is still not decided, It might be trading between 6000-6100

Those Who want to Take risk and Trade the Trend can try

Selling BANKNIFTY at current Levels for Target of 10000
SELL SBIN for Target of 1600
SELL NIFTY for Target of 5950 or 5900 (If 6100 is the MAX Pain and since 6350/6300 was the TOP, the bottom needs to be 5850/5900)

The MAX Pain at 6100 has worked and NIFTY not able to cross the MAX Pain at the first hit.

Yesterday 6040 SPOT was acting as RESISTANCE which was broken this morning. Those who took the Shorts around 6100 better to book the Partial profit around 6040 and / OR hold the Shorts if goes below 6040.

Since the NIFTY is trading between 6000 and 6100 as expected, The pair 5950-6150 which was taken at 100 is today trading at 84 with 16 points profit.

From NIFTY Futures Level, Since the Top was 6138, 60 points from 6138 should be 6078. And Try closing NIFTY futures around 6080

 

[healthraj]

The Trend is STILL on the Down side. Only Closing above 6140 SPOT will take NIFTY to 6350/6400 Levels

 

[healthraj]

As tomorrow is a Holiday and since both the Bulls and Bears made 60 points today, market might go into consolidation from here. So it is better to take a Sell pairs now. The MAX COI also is in broad range of 5600-6100 / 5900-6100suggesting the Trend is over for today. Those who want to Trade the pair can Sell the Pair 5950PE-6150CE or 5900-6100 Pair for around 100 available now. With Holiday tomorrow and the market is still not decided, It might be trading between 6000-6100

Closed 50% of 5950-6150 Pair @ 82 with 18 points profit

 

[Maddy123789]

Since morning was observing 6000pe has a max COI in put side n has now gone into -(minus) so i guess its a sign of nifty might hold 6000 n give some bounce ...

Correct me if m wrong..

Yes I think for Today 6000 will hold.

It worked superbly
Thanks Raj

 

[mohan.sic]

have been testing this strategy on bank nifty spot levels for the last few days now. Somehow its not syncing well with the Nifty Spot levels.

Will give it a months time to see if we can discover something on BNF index.

Would be great if we can crack something on the futures side.

@Singlap, Please let us know more about findings & outputs on the futures side.

Truly appreciate!

Cheers

Baba Ji, will your magic strategy work on stocks also.
If it works on stocks, I guess at least 2 picks will be there everyday.

thanks.

 

[Purushotham]

Hi Babamazic Below is your strategy

Step 1: Find out the previous day’s high and low.
Step 2: Find out current day’s high and low from 9:15 to 9:45.
Step 3: Note down 2 fractions (0.45 and 0.75)
Step 4: Find the range of previous day. (Previous day high – Previous day low)
Step 5: Multiply the range for previous day with the two fractions from step 3. (0.45 and
0.75). Mark this result as MF1 andMF2.
Step 6: Now find current day’s range (Today’s high – Today’s low)
Step 7: Find out whether current day’s range is below MF1, between MF1 and MF2 or above MF2.
Step 8: If current day’s range is below MF1, then breakout levels are
Upside Breakout = Today’s low + MF1.
Downside Breakout = Today’s high – MF1.
Step 9: If current day’s range is between MF1 and MF2, then breakout levels are
Upside Breakout = Today’s low + MF2.
Downside Breakout = Today’s high – MF2.
Step 10: If current day’s range is above MF2,then breakout levels are
Upside Breakout = Today’s low + MF2.
Downside Breakout = Today’s high – MF2.

Is there any typo....