NIFTY Options Trading by RAJ

[anup]

Although i have not taken trade according to baba's level since it triggered after 2PM..Just tracking,It achieved the 1st target

 

[Maddy123789]

Seems like 6050pe given good breakout on charts n as per OAT 6100 acting strong Resistance ...

Sell Around 6100 future is still a good IDEA...
N expecting a flat to negative opening tomorrow...

 

[mohan.sic]

Seems like 6050pe given good breakout on charts n as per OAT 6100 acting strong Resistance ...

Sell Around 6100 future is still a good IDEA...
N expecting a flat to negative opening tomorrow...

Maddy,

Any reason for expecting flat to negative opening tomorrow.

thanks.

 

[healthraj]

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

 

[Maddy123789]

Maddy,

Any reason for expecting flat to negative opening tomorrow.

thanks.

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

(Still a Learner ... Lets see )

 

[jagankris]

@Raj,

What is the Max pain for Nifty ?

TIA.

 

[sekharjchandra]

@Raj,

What is the Max pain for Nifty ?

TIA.

6100, Raj mentioned in his last post..

 

[mohan.sic]

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

(Still a Learner ... Lets see )

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. 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]

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]

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.