NIFTY Options Trading by RAJ

[anup]

Looks too risky... looking at the buying in calls of 6000,6100...hope you have placed stp loss..

I am hoping for 6000 to be tested today

 

[slash2286]

I am hoping for 6000 to be tested today

Below 6000 is very much possible...however I would keep it strictly intraday and close the position before eod today....tomorrow there might be retracement...

 

[anup]

Target 1 achieved booked it at 5995

 

[healthraj]

In the 30 minute chart also there was BREAKOUT and so the DOWN move continues. The PIVOT in 60 minute chart at 6060 also seems to be taken. Anyways continue to hold your SHORT positions keeping a watch on 6060 SPOT levels.

Even though NIFTY is trading below the Support line in 30 minute charts, The important point is that the Trend is still UP in 30 minute charts. A buy signal is also generated in 30 minute charts at 6046

So it would be a Good idea to BUY around 6040-6045 Levels OR If you want to take Fresh SELL positions Take around 6100

The MAX Pain which was at 6150 at yesterday's close moved to 6100. So with all Due respect, give some respect for 6100 Levels which might be Tested again . The MAX COI is also indicating a FLAT market after moving to 6045. Those who want to Trade options can Try selling the Same 6100-6200 Pair which is available now for 103

You Can try any pair which is around 6100 and which has a total premium of 95+ and where the PE has more value, because I am expecting a small pull back before the DOWN move continues. The positions should be closed around 6100 SPOT.

Could not update during market hours. As mentioned in the morning, since 6040 SPOT was broken, closed all my Long positions and went short and closed Short around 5990 for 50 points.

For this down move the Short started from 6205 and so 240 points from 6205 would be 5965. So tomorrow we should see 5965. As per the 60 minute chart the Support is at 5952. So I hope there is some more left on the downside. Today the MAX OI or the Trading Range changed from 6000-6300 to 6000-6200. And when the MAX OI changed from 6300 to 6200 the down move was in Full swing. I am not sure how many noticed that :thumb:

Now Everybody is saying that in this Series 5800 should be possible. For 5800, the MAX OI should be changed from 6000PE to 5800PE. So watch the MAX OI at PE for further down movement. Otherwise at 5950-70, I think it would be a Opportunity for a BUY once again.

Today I was looking at 60 minute and 15 minute chart. In the 60 minute chart it was straight line from 6204 and no respect for 6100 was shown. In the 15 minute chart Every rise was being short. The moment it touched the Pivot in the 15 minute chart near 6031 @ 14:30 pm, the SELL started.

 

[healthraj]

The positions in 6100CE of around 15L indicates NIFTY will not cross 6100 Today. 6100PE with negative indicates that squaring off is happening. But a small number may be indicates that Traders are waiting for more downside to square of the 6100 PE. So when you see the 6100PE with considerable value in Negative then it is a sign of possible Pull back to 6100. Or if the value remains a small negative number that means the market can continue the DOWN move and can be squared off at 6000 Levels. So it all depends on what happens around 6040 levels.

At the Close of the day 6100PE - 12L positions OI change. It might be a sign of Reversal or a Pullback. MAX OI @ CE also changed back to 6300 from 6200.

 

[jagankris]

At the Close of the day 6100PE - 12L positions OI change. It might be a sign of Reversal or a Pullback. MAX OI @ CE also changed back to 6300 from 6200.

Retail - Index Long,Call Long,Put Short
FII and Market makers are the call writers and put buyers.

 

[babumehta]

Could not update during market hours. As mentioned in the morning, since 6040 SPOT was broken, closed all my Long positions and went short and closed Short around 5990 for 50 points.

For this down move the Short started from 6205 and so 240 points from 6205 would be 5965. So tomorrow we should see 5965. As per the 60 minute chart the Support is at 5952. So I hope there is some more left on the downside. Today the MAX OI or the Trading Range changed from 6000-6300 to 6000-6200. And when the MAX OI changed from 6300 to 6200 the down move was in Full swing. I am not sure how many noticed that :thumb:

Now Everybody is saying that in this Series 5800 should be possible. For 5800, the MAX OI should be changed from 6000PE to 5800PE. So watch the MAX OI at PE for further down movement. Otherwise at 5950-70, I think it would be a Opportunity for a BUY once again.

Today I was looking at 60 minute and 15 minute chart. In the 60 minute chart it was straight line from 6204 and no respect for 6100 was shown. In the 15 minute chart Every rise was being short. The moment it touched the Pivot in the 15 minute chart near 6031 @ 14:30 pm, the SELL started.

Dear RAj..good analysis where you get from 240 number from?

 

[dprikka]

Raj sir when I refresh OAT @ 6 pm it's still showing MAX OI 6200 and 6000
And I checked on NSE site 6100PE -554750.
Please correct me if I am wrong.

Thanks

 

[healthraj]

Raj sir when I refresh OAT @ 6 pm it's still showing MAX OI 6200 and 6000
And I checked on NSE site 6100PE -554750.
Please correct me if I am wrong.

Thanks

I use the following link in the code

http://www.nseindia.com/live_market...in/optionKeys.jsp?symbol=NIFTY&date=28NOV2013

You can change the symbol and Expiry date and check for other scrips

 

[healthraj]

Dear RAj..good analysis where you get from 240 number from?

I normally look for 60 points in NIFTY. The normal Trend is that positional traders play for either 120 points, 240 points or 500 points.

240 is 4 times 60.