NIFTY Options Trading by RAJ

[sach007]

In the 15 min chart, First Sell Signal Generated at 6096. As mentioned in the morning please watch the level 6090-6100 and Take your Short positions accordingly.

Hi Raj,

Is this sell signal Generated in the OAT ? COZ I can see only buy in OAT when I put 15 min timeframe.

Sorry for my ignorance. But I have started learning OAT from Friday after I downloaded it..

Regards
SACH

 

[healthraj]

Hi Raj,

Is this sell signal Generated in the OAT ? COZ I can see only buy in OAT when I put 15 min timeframe.

Sorry for my ignorance. But I have started learning OAT from Friday after I downloaded it..

Regards
SACH

It is as per the Price movement in 15 min chart. Right now in the 15 min Chart it is trading above the Resistance. So as per the Range bound technique, I suggest a Sell at Resistance and Buy near Support. As per the 30 min Chart it is Trading near the Pivot of 6082. So strong move below 6082 can take to 5973.

 

[anup]

Morning All,

Upper breakout - 6093.55, TGT - 6113.35, SL - 6044.80
Lower breakout - 6033.75, TGT - 6014.15, SL - 6082

My View:
Looking at the India VIX currently, it looks like we may see a sharp downmove today.

So, the chances of lower breakout seems to be more than the upper one.

Its better to wait patiently for either of the breakouts to sustain before executing any trades.

I had posted in one of my earlier thread to avoid this breakout strategy if either of the levels are not sustained before 2PM. So kindly adhere to it.

Happy Trading!

How can you predict downmove on India VIX value..Can you please explain

 

[sach007]

It is as per the Price movement

Thanks a lot for your quick reply....

 

[prabhsingh]

Baba,

If thats case then why is there huge unwinding of positions happening at 6000CE and somewhat at 6100 CE as well.Unwinding in these CE might sound as if people are not expecting Nifty to go below 6000?

 

[anup]

If you look closely the fridays target of lower breakdown is not met...But if one holding shorts from friday, it would have hit the SL... Lets see today if it can hit fridays Target of 5971.25, Its very tough

 

[healthraj]

If you look closely the fridays target of lower breakdown is not met...But if one holding shorts from friday, it would have hit the SL... Lets see today if it can hit fridays Target of 5971.25, Its very tough

The Short in 60 min chart was Triggered at 6212 and on Friday NIFTY SPOT made low 5972. So as per the Positional Traders 240 points made and they would have closed the Short positions.

 

[healthraj]

As per OAT, 6100 is Bearish and 6000 is Bullish. MAX Pain at 6100 and so the market has reversed as per the MAX Pain theory because MAX Pain will act as the Resistance at the First hit.

30 points from 6096, where the SELL was Triggered. So those who sold around 6096, Book partial profit around 6066

 

[healthraj]

How can you predict downmove on India VIX value..Can you please explain

INDIAVIX similar to the 60 min chart is in the Down Trend. And as per the Trend, the INDIAVIX made high 22.4 (when NIFTY was at 5972/5986) and triggered an UP move. Now made a Low of 19.5 in the morning and moving UP from 19.5 to 21.2. If it breaks the Pivot at around 21 and goes UP then it can go and Test 22.4 once again. In INDIAVIX one has to plot the chart in the Reverse order because going up from a lower value indicates a DOWN move and vice versa

 

[bapu4]

Hello Raj Bhai !!
Plz reply to my post if time permits !! Link given below !!

http://www.traderji.com/trading-diary/88670-nifty-options-trading-raj-297.html#post901726
GBU !!
Rgds !