NIFTY Options Trading by RAJ

[mohan.sic]

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.

prabsingh,

It seems your analysis is based only on chart reading.
Nice one but if you can add OI analysis ( as thought here) as a parameter supporting your chart reading then it would be more definite for this thread.

thanks.

 

[BabaMagic]

Dear Purushotham,

Although favorable results have been achieved using Step 10, Would still suggests all to avoid this strategy if the range is above MF2 for
1. Nifty tends to be too volatile on such days.
2. Mostly, Targets are achieved without the levels getting sustained for 10 mins.

Really appreciate u brought this point.

Thanks Again!

 

[Purushotham]

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!

Your strategy rocks:clap::clap::clap::clap:
NF 6160

 

[healthraj]

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

The Trend has changed to UP side in 6 min and 30min charts. In the 60 minute charts the Trend is FLAT and Positive. Next Major Resistance would be around 6200. So it is Buy on Dips. Buy between 6115-6130 for Target of 6200.

 

[babumehta]

The Trend has changed to UP side in 6 min and 30min charts. In the 60 minute charts the Trend is FLAT and Positive. Next Major Resistance would be around 6200. So it is Buy on Dips. Buy between 6115-6130 for Target of 6200.

dear raj... the intraday is UP as you said, but what you think about positional trade? would be good to buy 6100 CE? can you say about positional? max pain is 6100 and sum of OI for 6100 PE is about 55L and 6400CE sum is 61L..sorry if this is bad question
~babulal

 

[healthraj]

dear raj... the intraday is UP as you said, but what you think about positional trade? would be good to buy 6100 CE? can you say about positional? max pain is 6100 and sum of OI for 6100 PE is about 55L and 6400CE sum is 61L..sorry if this is bad question
~babulal

As per the Trend the max is only 6200 since the Trend in the Higher Timeframes like 60 min and 30 min is not overly bullish. So as a positional Trader it would be a Sell around 6200. One more reason for selling at 6200 is that the MAX Pain is also not moving up.

 

[healthraj]

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

Closing Rest of the positions of 5950-6150 Pair at 91 with 9 points profit. If the NIFTY moves to 6200 the pair would be at loss. Will Sell another Pair when the market is around 6200

 

[healthraj]

The Trend has changed to UP side in 6 min and 30min charts. In the 60 minute charts the Trend is FLAT and Positive. Next Major Resistance would be around 6200. So it is Buy on Dips. Buy between 6115-6130 for Target of 6200.

The Pivot in 60 min chart (Trend line) has moved from 6115 to 6140 and NIFTY is trading around 6145 now. So I think the UP will start now. Target would be 6195 to 6200.

 

[healthraj]

The Pivot in 60 min chart (Trend line) has moved from 6115 to 6140 and NIFTY is trading around 6145 now. So I think the UP will start now. Target would be 6195 to 6200.

NIFTY is not moving UP. So have 6130 SPOT as the Stoploss for your Longs.

 

[dineshkummar]

Hi Raj,

Thanks for wonderful topic . I have one query on your sheet.

When i type NIFTY and start refresh the below

"RAJ OAT OptionsChain Analyzer Tool for NSE Index & Stocks v1.2"

is not updating , how do get update in that.

Thanks in Advance,

Dhinesh