NIFTY Options Trading by RAJ

How do you use OAT tool?

  • For Intraday Naked Options trading

    Votes: 58 37.7%
  • For Intraday Pair trading of Options

    Votes: 27 17.5%
  • For Intraday Futures trading

    Votes: 18 11.7%
  • For Positional Naked Options trading

    Votes: 35 22.7%
  • For Positional Pair trading of options

    Votes: 29 18.8%
  • For Positional Futures trading

    Votes: 11 7.1%
  • To trade in Cash market

    Votes: 13 8.4%
  • Overall trading has improved with OAT

    Votes: 27 17.5%
  • Understanding of Options has improved with OAT

    Votes: 57 37.0%

  • Total voters
    154
  • Poll closed .

healthraj

Well-Known Member
I have still not Seriously looked at DEC-13 Series. Going by the OI build up Yes DEC-13 would be 500 point RALLY from 6000. May be it is already started from 5973
Hi,

But if 500 point rally is to take place then should not CE unwinding their 6000CE and 6100 CE?
May be your are right. If you look at the DEC-13 Series, strangely the MAX Pain is at 6000. So may be at the Start of the DEC-13 Series or at the end of this Series 6000 would be Tested again and the Calls would be Squared OFF at that time for a RALLY.

Oh No... Today DEC-13 MAX OI changed from 6000-6500 to 6000-6300. So will have to Rethink my 500 point rally...
 

healthraj

Well-Known Member
NIFTY and BANKNIFTY Charts for the Day.

I normally use two time frames. Higher timeframe to find the overall Trend and the Lower timeframe to find an entry. I was using the 60 min as the Higher timeframe. I am switching to 45 min (AVG of 30 and 60).

The Lower timeframe is calculated based on the FOVOLT. For Example for BANKNIFTY the FOVOLT is 40.92%. So I take the 40.92% of 45 minutes which turns out to be 18 mins. My base data is in 3 minutes. So the timeframes are in multiples of 3.

For Example for NIFTYthe FOVOLT is 23.33%. So I take the 23.33% of 45 minutes which turns out to be 9 mins.

NIFTY Higher Timeframe (45 min)
The Trend is on the UP side


NIFTY Lower Timeframe (9 min)
Today SELL was generated at 6096 and BUY was generated at 6057


BANKNIFTY Higher Timeframe (45 min)
Trend is on the UP side


BANKNIFTY Lower Timeframe (18 min)
 
Interesting charts, I was wondering on 2 points
- in an uptrend and subsequent pullback, will it make more sense to observe the formation of double bottom, in this case 5970
- vice versa for downtrend
 

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