NIFTY Options Trading by RAJ

[Maddy123789]

Enable Macros, click on Update Pivots and click on Refresh

Only pivots not getting update rest all r getting updated n refresh

 

[prabhsingh]

Go Long in Nifty with SPOT Nifty target of atleast 6234.

 

[LivetoTrade]

Only pivots not getting update rest all r getting updated n refresh

To the right of the Pivot chart, you will see a link to update the pivots.
Click on the same.

 

[Maddy123789]

To the right of the Pivot chart, you will see a link to update the pivots.
Click on the same.

Did the same clicked on update pivot n refresh both but still its not giving me updates rates

 

[healthraj]

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

Those who sold around 6195, Try closing around 6165-6170 - 20 points.

 

[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

Book complete profit in 6100-6200 Pair - Trading now around 83 with 17 points profit. If you get 20 points profit then close immediately

@3 pm : Made low 6145 and 50 points from 6195 met. 6100-6200 Pair Was trading at 80 and closed all the positions

 

[anup0212]

Book complete profit in 6100-6200 Pair - Trading now around 83 with 17 points profit. If you get 20 points profit then close immediately

@3 pm : Made low 6145 and 50 points from 6195 met. 6100-6200 Pair Was trading at 80 and closed all the positions

hey raj good analysis.....i was busy did nt trade but read ur analysis...good one...

 

[healthraj]

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

First of all Options Chain and Pivots are Refreshed using separate clicks or buttons. Hope you have no doubt on that. Secondly please make sure that you are having the proper settings in Excel.

In Excel 20007 version. Goto "Excel Options" --> Trust Centre -->Trust Centre Settings-->

click on "enable All macros..."
Check the box for "trust access to VBA...."

Let me know if it works

 

[healthraj]

NIFTY SPOT Trend in Different timeframes

In the 60 minute chart, The Trend as have been telling in the past is DOWN. The Pivot is at 6070.

In the 30 minute chart, The DOWN move which was triggered at 6210 is now complete and there is a BUY signal. The Trend in the 30 minute chart is on the UP side.

In the lower timeframes like 5 minute and 15 minute The Trend is Down and there is Breakout at 6170. So we have to Give some time for it to consolidate...

So we have to wait for confirmation in the 30 minute Timeframe also to confirm the DOWN move. If 30 minute chart becomes Negative then we can expect 5970 once again.

As per OAT the MAX Pain has shifted from 6200 to 6150 - DOWN by 50 points and Tomorrow NIFTY will Test 6150 once again. So 6150 will be the deciding level for further moves.

 

[healthraj]

A technical Question for those Who are Trading with Futures?

1. For Intraday what timeframe is best for taking an Entry?
2. For Positional what timeframe is best for Taking an Entry?

I was trying a method which combines the following stuff, based on which I have been giving the BUY / SELL signals in the past one week and which seems to be working. But I want to know the ideal timeframe for taking Entry.
1. My Pivots from the MTP tool
2. Calculate the Trend using the Excel Function TREND
3. Calculate the Variance of the PIVOTS using the Excel function STEYX.
4. Plot the SUPPORT and RESISTANCE Line Below and Above the TREND Line taking also into factor AVG VOLT of the Stock from the FOVOLT (Taken from NSEIndia)
5. Depending on the timeframe you trade, if the PIVOT is formed above the RESISTANCE then it is a SELL and if the PIVOT is formed below the SUPPORT then it is a BUY.

The Important factor is taking FOVOLT which is where most of the time we get caught as to whether there was a REAL BREAKOUT or BREAKDOWN. My whole assumption for this method is to be Follow the Trend and also have a Rangebound mind... Meaning Sell when goes above the RESISTANCE and BUY when goes below SUPPORT, which also helps the BREAKOUT or BREAKDOWN. The problem with the normal BREAKOUT or BREAKDOWN system is normally people try to SELL when goes below the SUPPORT and find that it is a FALSE breakdown. If they had sold near the RESISTANCE, they can get out even in case of a FALSE breakdown.

If you folks are interested I can share the version. I have incorporated this in the OAT Pivot section. It will also show Visual Trend.... But before that I want to hear the answer to my question on what is the best timeframe to take entry for Intraday.

with this If we can combine the OAT then it will give additional view on the Direction.

And Yes another point to mention is that Normally in the Higher timeframes, it takes a lot of patience to hold on to the positions because it takes hours or Days for the position to materialize. In case of NIFTY, in the 60 minute chart, the first SELL signal was generated at 6212 on 19-Nov@11:00 AM. The Second Sell signal was generated on 19-NOV@14:06 PM @ 6210. The Third signal was generated today at 14:39 PM @ 6204.