NIFTY Options Trading by RAJ

[healthraj]

Today for NIFTY I am using a combination of 30 min and 6min. In the Lower timeframe, First SELL Call Generated at 6111. Let us see if it sustains or Goes above.

In the 30 minute chart, as per the Trend, the Previous SELL call was Generated at 6112/22. So minimum it has to Test 6122. Let us see if it goes above 6122. If it stays below 6122. Then I will take a Short position.

Right now just watching :thumb:

 

[mohan.sic]

Yes, the observation about change in OI of 6000PE is true.

The 9+ L qty is covered eod.

This eod data will be seen only in tomorrow's table

Good morning all.

what u mean by This eod data will be seen only in tomorrow's table

Next days table should be fresh and will start with 0. How can todays table have yesterday's data.

Raj,

regarding yesterday:

Thanks raj. so this error was not new. But this a problem. 9 lakh OI cant be covered in minutes. Its definitely problem in real time.

Why not data in link given by sach is correct and data in other links be wrong.
Everything is from same source.

Nifty with a good swing and 6000pe with such huge volume traded ended with no change in OI ( +300) may not be usual.

thanks.

 

[healthraj]

Those who Want to Trade the Pair.
You can see the MAX COI at 6100PE-6150CE.
The combined Premium is at 15.5.

Now two things can happen.
1. For the entire day market Can trade in this Range of 6100-6150, in which case this pair should become worthless.
2. The Second thing is that, it has to BO/BD of this range, in which case the pair can give a Quick spike.

Those who believe in 1 can Sell this Pair.
Those who believe in 2 can Buy this Pair.

I will Buy this Pair at 15.5. Those who are buying, if there is movement on one side and one strike is in profit of say 10-15 points then close the strike and leave the other strike.

 

[LivetoTrade]

Good morning all.

what u mean by This eod data will be seen only in tomorrow's table

Next days table should be fresh and will start with 0. How can todays table have yesterday's data.

Raj,

regarding yesterday:

Thanks raj. so this error was not new. But this a problem. 9 lakh OI cant be covered in minutes. Its definitely problem in real time.

Why not data in link given by sach is correct and data in other links be wrong.
Everything is from same source.

Nifty with a good swing and 6000pe with such huge volume traded ended with no change in OI ( +300) may not be usual.

thanks.

NSE site has a 3 minute delay feed.

However, the eod table gets updated by 5.30/6pm.

The main option chain data gets the eod change only the next day.

Why should it be Zero? The table displays the number of contracts open (maybe shorts or longs)

 

[mohan.sic]

NSE site has a 3 minute delay feed.

However, the eod table gets updated by 5.30/6pm.

The main option chain data gets the eod change only the next day.

Why should it be Zero? The table displays the number of contracts open (maybe shorts or longs)

what you said is right. OI gets updated and will start next day with updated number. But here discussion is about change in OI in real time, not about OI.

I was saying that change in OI should start with 0 everyday.

thanks.

 

[healthraj]

Today for NIFTY I am using a combination of 30 min and 6min. In the Lower timeframe, First SELL Call Generated at 6111. Let us see if it sustains or Goes above.

In the 30 minute chart, as per the Trend, the Previous SELL call was Generated at 6112/22. So minimum it has to Test 6122. Let us see if it goes above 6122. If it stays below 6122. Then I will take a Short position.

Right now just watching :thumb:

In the 6 minute Chart there is a FLAG formation and trading above the RESISTANCE of 6104. Move below 6104 can take to 6078. and move above 6113 can take to the 60 min Resistance of 6139.

Anything is possible. First goto 6080 and then goto 6140 - 60 points
Or first goto 6140 and then goto 6080.

So all you have to Remember is Buy around 6080 and SELL around 6140. If you do not Get around these levels, Better not to Trade for Today

 

[healthraj]

what you said is right. OI gets updated and will start next day with updated number. But here discussion is about change in OI in real time, not about OI.

I was saying that change in OI should start with 0 everyday.

thanks.

Yes COI starts at Zero. If you look at the NSEIndia.com site between 9:15 and 9:20 AM, you will not see any data. The Reason why I have disabled the Refresh in OAT also before 9:20

 

[mohan.sic]

Those who Want to Trade the Pair.
You can see the MAX COI at 6100PE-6150CE.
The combined Premium is at 15.5.

Now two things can happen.
1. For the entire day market Can trade in this Range of 6100-6150, in which case this pair should become worthless.
2. The Second thing is that, it has to BO/BD of this range, in which case the pair can give a Quick spike.



Raj,

for now it seems 6100pe and 6150ce being highest change in Oi looks as range. And as nifty is at lower end of the range I think it has space to move up than down. can we go long on 6150ce at 3 rs.

thanks.

 

[babumehta]

In the 6 minute Chart there is a FLAG formation and trading above the RESISTANCE of 6104. Move below 6104 can take to 6078. and move above 6113 can take to the 60 min Resistance of 6139.

Anything is possible. First goto 6080 and then goto 6140 - 60 points
Or first goto 6140 and then goto 6080.

So all you have to Remember is Buy around 6080 and SELL around 6140. If you do not Get around these levels, Better not to Trade for Today

Dear Raj, what are your thoughts on Dec series based on the OI and COI? Any positional trades?

 

[dprikka]

Yes Raj Sir

6150 CE extremely bearish and 6100 PE Extremely Bullish.

I am with u in Pair