NIFTY Options Trading by RAJ

[sankar17f]

Raj,
OAT option chain analyzer is not working / updating.For max pain i got value of #Div/0!.
why? what can i do to it for working.

 

[prabhsingh]

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....

What does MF1 and MF2 stands for?

 

[LivetoTrade]

Raj,
OAT option chain analyzer is not working / updating.For max pain i got value of #Div/0!.
why? what can i do to it for working.

Please check if you have selected the expiry month properly

 

[healthraj]

Raj,
OAT option chain analyzer is not working / updating.For max pain i got value of #Div/0!.
why? what can i do to it for working.

Check if you have chosen the right Expiry month?

 

[healthraj]

Please check if you have selected the expiry month properly

thanks. Hope our responses crossed each other

 

[prabhsingh]

In Next coming days,Hindalco is on radar for Shorting opportunity.Find below charts for same.Trade at your own risk and thoughts as usual most welcome.If anybody can provide more detail on individuals trading system then post some charts here as well.

 

[manojborle]

In Next coming days,Hindalco is on radar for Shorting opportunity.Find below charts for same.Trade at your own risk and thoughts as usual most welcome.If anybody can provide more detail on individuals trading system then post some charts here as well.

Uploaded with ImageShack.us

 

[BabaMagic]

Evening Purushotham & All,

There is no typo error here. When the difference between the high's & low's from 9:15 to 9:45 is between MF1(0.45) & MF2(0.75), You always have to take the higher range(0.75) in calculating the breakout levels.

Putting this theory in yesterday's scenario, You got the Upper breakout @ 6089 & Lower breakout @ 6029.30.

Key Notes:Do not use this breakout strategy when
1. The first 30 minutes range is above MF2.
2. Either of the levels are not sustained before 2PM

MF stands for MARK FRACTION

Thanks!

 

[BabaMagic]

So what i understood here is the upper breakout level of 6089.1 was sustained but it did not met the first target of 6108.90.

Going by the past 5 results, We should see a gap up opening & nifty spot achieving the full target of 6131.70 in the first 60 minutes on Monday.

Cheers!

 

[Purushotham]

Evening Purushotham & All,

There is no typo error here. When the difference between the high's & low's from 9:15 to 9:45 is between MF1(0.45) & MF2(0.75), You always have to take the higher range(0.75) in calculating the breakout levels.

Putting this theory in yesterday's scenario, You got the Upper breakout @ 6089 & Lower breakout @ 6029.30.

Key Notes:Do not use this breakout strategy when
1. The first 30 minutes range is above MF2.
2. Either of the levels are not sustained before 2PM

MF stands for MARK FRACTION

Thanks!

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.

So, Step 9 & 10 merged and treated as
Step 9: If current day’s range is between MF1 and MF2, or above MF2 then breakout levels are
Upside Breakout = Today’s low + MF2.
Downside Breakout = Today’s high – MF2.

Is it correct.....