NIFTY Options Trading by RAJ

[healthraj]

BUY Signal Not yet Generated. SELL is Alive. 6080 is just a approximate level to BUY. So Wait for the BUY signal. If you get NIFTY around 6115, SELL again. NIFTY can Test 6070. Right now it has bounced back from the Pivot of 6086 in the lower timeframe

Those who want to Trade Naked Options Put a Limit order to buy 6100PE between 28-30 for Target of 10 points

 

[avny]

AVNY, Looking at the MAX Pain NIFTY Seems to be suggesting that it might expire between 6050 and 6100. Because the MAX Pain in the last two days is shifting from 6050 and 6100. So my suggestion would be to Sell the 6100PE-6100CE Pair also.

Ideally I would have sold 6050PE-6100CE assuming the market would expire between 6050 and 6100

Avny,

Just one small thing. If NIFTY spends too much time now near the 6050-6100, with 3 days left for Expiry, NIFTY like last month can also decide to expire around the support or Resistance. So if the position is in profit better to close. Last month max pain was at 6100 but market expired at 6300 because market spent too much time near 6100.

@ Raj,

closed 6050 pair at +12 point

and 6100 pair at +15 point

thanks for your input

 

[healthraj]

BUY Signal Not yet Generated. SELL is Alive. 6080 is just a approximate level to BUY. So Wait for the BUY signal. If you get NIFTY around 6115, SELL again. NIFTY can Test 6070. Right now it has bounced back from the Pivot of 6086 in the lower timeframe

NIFTY Made high of 6112 once again and came down. So Sell is Active now for Target of 6075-6080

 

[healthraj]

High- 6,109.35
Low- 6,087.75

Can someone calculate baba magic level...

You have to just keep 20 points as the Initial Target from the 30 minute High and Low. So accordingly it would be 6129 for BO and 6067 for BD. Stoploss is 60 points

 

[singlap]

Does that mean all those complex formulae of MS1 & MS2 etc. are not required raj ?

 

[healthraj]

Those who want to Trade Naked Options Put a Limit order to buy 6100PE between 28-30 for Target of 10 points

The Put is triggered. please hold with a your preferred Stoploss. Ideally it should not be less than 26, which is the Yesterday closing. So a Small stoploss of 3 to 4 points

 

[singlap]

Buying a Put of 6200 makes sense as it is available at zero premium. Even if market goes to 6075, we can expect 25 points straight. Purchased few at 90. Let's see, can wait surely till expiry. Upto an expiry of 6110 , no loss.

 

[healthraj]

You have to just keep 20 points as the Initial Target from the 30 minute High and Low. So accordingly it would be 6129 for BO and 6067 for BD. Stoploss is 60 points

Does that mean all those complex formulae of MS1 & MS2 etc. are not required raj ?

That is my view. Of course the Baba will have the last word. I am just trying to simplify because daily I see somebody asking for the Baba levels.

 

[healthraj]

Buying a Put of 6200 makes sense as it is available at zero premium. Even if market goes to 6075, we can expect 25 points straight. Purchased few at 90. Let's see, can wait surely till expiry. Upto an expiry of 6110 , no loss.

For the time being the Trend is UP. So get out if you get 10 20 points during the Expiry days. MAX Pain is not a mandatory. NIFTY can always close around 6200 also. For today 6080 should be the support. If it breaks you can expect more on the downside.

 

[singlap]

Got 12 points in 6200 pe , so squared off 50% lots. Breakeven for balance 50% now is 6020.