NIFTY Options Trading by RAJ

[healthraj]

In the 5 min chart 6021 SPOT is acting as the SUPPORT. Hopefully 6021 should be broken downwards. Since 6049 was the Top, those who want to Trade only 60 points can close their positions at 5990. 6000 Strike is showing as Bullish

By the time I finished typing 6021 was broken and now trading at 6009. If you have not already booked Partial profit, Book at least 50% now

2:44 PM. 6000 will not be broken Easily I think today. So those who went short around 6045 can Close around current Level of 5990 and go with a Profit of 55 points

 

[singlap]

Is lowr breakout now confirmed ?

 

[anup]

Is lowr breakout now confirmed ?

I guess confirmed..not sure

 

[dprikka]

Superb Raj sir well done.
Your analysis is excellent.
I think Nifty move depends on your analysis.

Thanks for alerting and teaching us.

 

[anup]

Lower breakout confirmed

 

[healthraj]

Those who Want to Sell, can Sell NIFTY at the Current Levels where NIFTY SPOT is trading at 6046. Have the stoploss as 6070. In the NIFTY 60 min chart the Pivot is at 6048, which will act the RESISTANCE.

Full Target of 60 points met. NIFTY Made low of 5972. Closed the call.

Those who want to Trade the MAX Pain theory for Expiry.

Since the MAX Pain is at 6100 and Trend support is at 5940, Monday NIFTY can Test 5940 And so can buy Naked Call Options (6000CE/ 6050CE) on Monday.

But those want to Trade today itself Can try and Sell the Pair 6050CE-6150PE Available now at around 95.

Risky Can sell 6100PE at 120+ and hold it till Expiry to get atleast 100 points profit.

This is based on MAX Pain @ 6100 and if the MAX Pain changes you have to adjust your positions accordingly.

Overall I am expecting the market to Reverse from here or Around 6040 levels.

 

[aimnifty]

OT, A reversal will always have two Legs. One to close the Short Positions and the other to Open the Long Positions. Yesterday the Short covering was done. Today may be long positions will be built. And I normally look for a Double bottom in 15 min / 30 min to confirm a Reversal

@RAJ,

Market is listening to you. Double bottom at 5972. Your two leg theory has logic and worked wonderfully for me.

Thanks.

 

[healthraj]

Superb Raj sir well done.
Your analysis is excellent.
I think Nifty move depends on your analysis.

Thanks for alerting and teaching us.

@RAJ,

Market is listening to you. Double bottom at 5972. Your two leg theory has logic and worked wonderfully for me.

Thanks.

Do not put too much pressure on me. Yes sometimes it works. It works only when I have little or no money . Or when I have little money I am a bit more cautious. The only thing that I have programmed my mind compared to the past four years is that, Now I want to Trade Ranges and Trend and am not looking BO/BD.

 

[healthraj]

@RAJ,

Market is listening to you. Double bottom at 5972. Your two leg theory has logic and worked wonderfully for me.

Thanks.

Coming to the double bottom, Yes there is a Double bottom in 15min / 30 min charts at 5986 and 5973. But in the 60 min chart it is still NOT bottomed out.

So on Monday there might be another 30 points spike down from 5973 to 5940 and a Sharp pullback. So the next level to watch would be 5940.

 

[babumehta]

Do not put too much pressure on me. Yes sometimes it works. It works only when I have little or no money . Or when I have little money I am a bit more cautious. The only thing that I have programmed my mind compared to the past four years is that, Now I want to Trade Ranges and Trend and am not looking BO/BD.

you are modest. anyway good job and keep sharing