NIFTY Options Trading by RAJ

[babumehta]

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

Dear Raj, how do you find out the pivot 6051? is it in your new excel? or current one?

 

[healthraj]

NIFTY SPOT Charts for 26-Nov-13

In both the 45min and 9min the Pivot is at around 6100 and the MAX Pain is also at 6100. So hopefully NIFTY should expire around 6100

Higher Timeframe - 45 minute Chart

TREND is UP. Pivot at 6109

Lower Timeframe - 9 minute chart
SELL Triggered at 6122, 6112, 6113. At the end of the Day BUY signal generated @ 6048 in the Lower timeframe
Pivot at 6100

 

[healthraj]

Dear Raj, how do you find out the pivot 6051? is it in your new excel? or current one?

Pivot is basically the Trendline. Or you can say as the average of Resistance and Support. You can see it (the Yellow line) in the charts that I posted Yesterday and today

 

[SKU]

Cab you share Bank Nifty expected levels.

 

[Cubt]

Raj,

I see that MAX OI for TATA STEEL @ 400-380 and MAX PAIN @ 380 now. It seems yesterday MAX pain was at 390, but today it is at 380. Does it mean that it might still go down further to 380 as the MAX PAIN moved to 380? or as it touched previous MAX Pain 390, it can move up to MAX OI -400?



Technically the stock touched its support level 390 and closed above 390. I follow support and resistance & trade stock futures. If TATA STEEL closed below 390, i would have went short. As it did not break support, am still on LONG side.

Please provide your inputs on TATA STEEL

 

[healthraj]

Raj,

I see that MAX OI for TATA STEEL @ 400-380 and MAX PAIN @ 380 now. It seems yesterday MAX pain was at 390, but today it is at 380. Does it mean that it might still go down further to 380 as the MAX PAIN moved to 380? or as it touched previous MAX Pain 390, it can move up to MAX OI -400?



Technically the stock touched its support level 390 and closed above 390. I follow support and resistance & trade stock futures. If TATA STEEL closed below 390, i would have went short. As it did not break support, am still on LONG side.

Please provide your inputs on TATA STEEL

Yesterday also the MAX Pain for TATASTEEL was at 380.

And it depends which timeframe you are looking at to decide the Support and Resistance.

In the 60 minute chart it is in an UP TREND for a long time now and the Support is at 390.

But in the lower timeframes 390 is the Pivot and so if 390 breaks then can goto 377.

Anyways now the SELL is in Progress from 399 (The Monthly RESISTANCE) and the next stop would be normally the MAX Pain at 380

 

[Maddy123789]

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.

Yes you are absolutely correct
Mkt always have an upper hand on our studies n strategies...
N u rightly said we need to see other factors also not only OI or COI

And i have only shared my view what i m observing ..
When i m sure n perfect will update my calls also...

But still only a learner these days .....

 

[Maddy123789]

NIFTY SPOT Charts for 26-Nov-13

In both the 45min and 9min the Pivot is at around 6100 and the MAX Pain is also at 6100. So hopefully NIFTY should expire around 6100

Higher Timeframe - 45 minute Chart

TREND is UP. Pivot at 6109

Lower Timeframe - 9 minute chart
SELL Triggered at 6122, 6112, 6113. At the end of the Day BUY signal generated @ 6048 in the Lower timeframe
Pivot at 6100

Is this the new version of your tool
Bcoz my pivot charts are a bit different......... ??

 

[healthraj]

Is this the new version of your tool
Bcoz my pivot charts are a bit different......... ??

Yes it is the new version

 

[sach007]

Hi Raj,

I see there is some difference in NSEINDIA and OAT tool..

For example...

At Present Change in OI of 6100 CE as per NSEINDIA is 1507400 but that is OAT is 1144800

Same is for PE 6050 Change in OI as per NSE is 504600 and as per OAT is 417900

Same thing also for OI weekly option in OAT tool...

Is there any problem in the OAT tool I am having?