NIFTY Options Trading by RAJ

[babumehta]

NIFTY made low of 6138 and Reversed. So the Stoploss of 6130 was not triggered. But as per the Hourly Trend charts the Top has shifted from 6200 to 6188. The Hourly Trend chart is still Negative and so it would be better to close the Longs around 6180-6188.

dear raj..have you closed 6150 PE?

 

[healthraj]

dear raj..have you closed 6150 PE?

Yes I have closed at 35

 

[srinivas.vrv]

hai raj...Is market going to test the previous high?

 

[healthraj]

As per Price Action, SELL Call Generated in Lower time frames like 6 min/15 min Chart at 6210 and the SELL signal generated in 60 min chart also for Target of 6135

 

[BabaMagic]

Hello All,

Nifty Futures made a low of 6182.50 today when the spot was hovering around 6200 levels.

Have observed couple of times in the past, whenever such wierd trade is executed on the futures side, it tends to test those levels again during the day.

Lets see if that holds true for today as well.

Thanks!

 

[babumehta]

As per Price Action, SELL Call Generated in Lower time frames like 6 min/15 min Chart at 6210 and the SELL signal generated in 60 min chart also for Target of 6135

dear raj ..what does the option chain data say?

 

[healthraj]

MAX Pain has shifted to 6200. So may be market preparing for a Breakout and after consolidation at 6200. So better to be Cautious with Shorts

 

[healthraj]

dear raj ..what does the option chain data say?

OAT indicates a STRONG BULL, especially 6200 indicating Bullish. So it would be a BUY on Dips.

 

[healthraj]

As per Price Action, SELL Call Generated in Lower time frames like 6 min/15 min Chart at 6210 and the SELL signal generated in 60 min chart also for Target of 6135

MAX Pain has shifted to 6200. So may be market preparing for a Breakout and after consolidation at 6200. So better to be Cautious with Shorts

OAT indicates a STRONG BULL, especially 6200 indicating Bullish. So it would be a BUY on Dips.

Combining Price Action and OAT, As per the lower timeframe (5min chart), it is a Buy around 6182. As per 15 min chart the low could be 6138. But Right now the Intraday Trend for the current session is down....

 

[anup]

Raj just bought 1 lot of nifty 6150 put..Shall i close it?