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
For the fist time in the last 3 months, I am seeing the fight at XX50 strike. If you look at the MAX COI it is at 6050PE and 6100CE. So hopefully 6050 should be saved today.
Towards the Close of the day 6050 was saved and SPOT closed at 6059. In the lower timeframe, BUY signal generated at 6048. Let us see if it holds.

As per the 60 min Chart the Pivot was at 6051 and NIFTY closed above the Pivot. So I think the next UP side target should be around 6138-6142.

The problem is that NIFTY and BANKNIFTY are NOT moving in Tandem

The MAX Pain is still at 6100

Option Traders , those who want to Trade Pairs, should Try and Sell 6100CE-6100PE @ 75
 

mohan.sic

Well-Known Member
Expiry around the corner n Writers will eat the premium
and 6100ce has seen more Open Interest ...

(Still a Learner ... Lets see ):D:D
Expiry around the corner: yes, during expiry index tends to opens flattish but many times it fails.
'6100ce has seen more Open Interest': No point in this. Because max negative closing days will have highest OI chg in otm ce. Does not mean that market wont see a huge gap up/gap down.

I am still paying emi's on loans for guessing next days opening. :mad:so my friend please............."Especially when you are trading options".

Below factors will have max influence on next days opening:

1) World markets ( US market, Asian markets which open before india)
2) Dollar index and USDINR pair of NSE which open at 9am
3) Overnight News

thanks.
 

columbus

Well-Known Member
The problem is that NIFTY and BANKNIFTY are NOT moving in Tandem
BankNifty has a solid effect of just 2 stocks in it....SBI and ICICIbank.Though HDFCbank has
more weightage than ICICIbank ,liquidity in ICICIbank is more.
Incidentally both of these has a profound effect on NIFTY also.So on many
occasions (more than 90%) both have same effect on EOD basis.True, sometimes
they may not move in TANDEM ,intraday.
 

mohan.sic

Well-Known Member
BankNifty has a solid effect of just 2 stocks in it....SBI and ICICIbank.Though HDFCbank has
more weightage than ICICIbank ,liquidity in ICICIbank is more.
Incidentally both of these has a profound effect on NIFTY also.So on many
occasions (more than 90%) both have same effect on EOD basis.True, sometimes
they may not move in TANDEM ,intraday.
Columbus Ji,

Are you saying that Nifty and bank Nifty should move in tandem and they do move like that more than 90% of time but sometime they don't.

thanks.
 

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