NIFTY Options Trading by RAJ

[BabaMagic]

Nifty Spot has resustained the lower breakout of 6174.55.

so the targets now are intact.

 

[healthraj]

Those who want to Trade the Pairs, Around 6185 SPOT, Sell the Pair 6100PE-6200CE - Premium now is around 97.

Those who want to Trade naked Options Can Buy 6150 PE for around 45 - Now Trading around 48

As per the NIFTY 60 point rule, those who have Gone Long around 6180 SPOT levels, The Top for today could be around 6245-6250 Futures. So close your Longs accordingly. The global markets are looking weak. The hourly Trend chart indicates a Down move. But People are still expecting a Breakout. When the Breakout happens we can anyway go Long. But as per the normal thumb rule, the Trend is DOWN. It might even be a GAP Down tomorrow. One more major reason is that the major Stocks like INFY, SBIN, LT are Trading near/above Resistance. So a correction on the downside is pending for the UP move which started last Friday.

Book Partial Profit in the 6100-6200 Pair - Sold at 100, now trading at 84 - 16 points profit.

As per Price Action, in 60 min chart the SELL continues. But as per my chart and indicator, it is still Trading above the Resistance of 6150. The Resistance has moved down from 6200 to 6150. So a sharp move below 6150 will confirm the DOWN move. Otherwise a bounce from 6150 might take NIFTY back to 6300. So keep a Watch on 6150-6160 Levels. In the 5 minute chart the Trend is already showing on UP move from 6164. But I think it will at least test 6150 SPOT.

As per OAT , it is a STRONG BEAR with 6200 being Bearish and 6100 being Bullish

 

[BabaMagic]

Guyzz,

Nifty Spot is again trading above the lower breakout level for more than 10 mins.

Its definitely not the right day to use this breakout strategy.

Enter long positions only if Nifty sustains the upper breakout level of 6200.85. Otherwise avoid this strategy for today.

Confused!!!

 

[Option.Trader]

Guyzz,

Nifty Spot is again trading above the lower breakout level for more than 10 mins.

Its definitely not the right day to use this breakout strategy.

Enter long positions only if Nifty sustains the upper breakout level of 6200.85. Otherwise avoid this strategy for today.

Confused!!!

Did you face this during backtest?

 

[prabhsingh]

If market is rising and there does not seem to be any major PE writing happening then does this mean that heavy change in OI is because of accumulation of CE.Raj what does your tool suggest please.

 

[healthraj]

Book Partial Profit in the 6100-6200 Pair - Sold at 100, now trading at 84 - 16 points profit.

As per Price Action, in 60 min chart the SELL continues. But as per my chart and indicator, it is still Trading above the Resistance of 6150. The Resistance has moved down from 6200 to 6150. So a sharp move below 6150 will confirm the DOWN move. Otherwise a bounce from 6150 might take NIFTY back to 6300. So keep a Watch on 6150-6160 Levels. In the 5 minute chart the Trend is already showing on UP move from 6164. But I think it will at least test 6150 SPOT.

As per OAT , it is a STRONG BEAR with 6200 being Bearish and 6100 being Bullish

As per 5 minute chart it is a SELL again at 6194

 

[healthraj]

Guyzz,

Nifty Spot is again trading above the lower breakout level for more than 10 mins.

Its definitely not the right day to use this breakout strategy.

Enter long positions only if Nifty sustains the upper breakout level of 6200.85. Otherwise avoid this strategy for today.

Confused!!!

The Breakdown normally comes at the Second or Third attempt. In the 5 minute on the third attempt NIFTY bounced back from 6165. I think it is still a SELL at the current levels because the upper breakout above 6195 was not strong.

 

[Maddy123789]

In the "Intraday Pivot" Section, you will see two yellow boxes to enter the timeframe for Intraday and Positional. Enter the timeframe in multiples of Five. Enter a Lower timeframe for Intraday and Higher time frame for Positional

RAJ one query why my pivots are not getting updates ...

 

[LivetoTrade]

RAJ one query why my pivots are not getting updates ...

Enable Macros, click on Update Pivots and click on Refresh

 

[prabhsingh]

Go long in IDFC target of close to 110.

Target achieved in IDFC.Closed my position at 109.