NIFTY Options Trading by RAJ

[NANDAMAD]

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.

while placing order for suchpairs, where shd we find them. I know to palce
order for PE or CE. Do you mean we shd buy PE separately & CE separarely or is there anything in the drop down where pairs are there ?

 

[babumehta]

First of all the in the morning itself I told that I am using 30 and 5 minute chart. Use the 5 min chart and you will see that today the SELL was triggered at 6112 and market never crossed 6112.

In the image that you have posted,
You are seeing a SELL below 6088.4, and NIFTY went to 6069 - Almost 20 points.

I will post my 6 minute and 30 min chart in the evening so that you can understand

Dear raj, sorry for the basic questoins. by sell do you mean becoz its shows the green arrow up at 6089. how do categorise that as sell is what i mean to ask and same with 6112 how to categories as buy

 

[healthraj]

while placing order for suchpairs, where shd we find them. I know to palce
order for PE or CE. Do you mean we shd buy PE separately & CE separarely or is there anything in the drop down where pairs are there ?

Yes you have to place two Buy/Sell calls Separately

 

[healthraj]

Dear raj, sorry for the basic questoins. by sell do you mean becoz its shows the green arrow up at 6089. how do categorise that as sell is what i mean to ask and same with 6112 how to categories as buy

Babumehta,

First of all Please do not go by the Green or Red signals in my Pivot chart because that coloring is based on the SAINT's FLOW method. So you have to follow some method. Now I have switched to completely different method, which is based on Range.

For a Rangebound method, you have to Say have two timeframes, a Higher Timeframe to find the overall Trend and a Lower timeframe to find an Entry.

In the FLOW method, You will normally BUY above the minor Pivot High and Sell below the minor Pivot Low. In the Rangebound method it is kind of opposite, You have to Sell near the Major Pivot high and Buy near the Major Pivot Low.

I know it is not very easy to understand.

So what is your system? How do you make an entry?
Do you trade based on the SAINT's FLOW method? If Yes What timeframe?

Probably I will explain my new System with a Chart this Evening with Today's chart, so that you can understand my system. But you still have to decide your own system

 

[healthraj]

MAX Pain fully worked this month. So only Last month was an exception.

 

[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:

The First chart. As mentioned you can see the Previous Sell Generated at 6122/6113 and Today the initial top was 6112. But no SELL generated in 30 min

In the 6 min Chart you can see the First SELL generated at 6111

 

[babumehta]

Babumehta,

First of all Please do not go by the Green or Red signals in my Pivot chart because that coloring is based on the SAINT's FLOW method. So you have to follow some method. Now I have switched to completely different method, which is based on Range.

For a Rangebound method, you have to Say have two timeframes, a Higher Timeframe to find the overall Trend and a Lower timeframe to find an Entry.

In the FLOW method, You will normally BUY above the minor Pivot High and Sell below the minor Pivot Low. In the Rangebound method it is kind of opposite, You have to Sell near the Major Pivot high and Buy near the Major Pivot Low.

I know it is not very easy to understand.

So what is your system? How do you make an entry?
Do you trade based on the SAINT's FLOW method? If Yes What timeframe?

Probably I will explain my new System with a Chart this Evening with Today's chart, so that you can understand my system. But you still have to decide your own system

Dear Raj..yes that is difficult to understand. maybe the charts will make sense. What i do is the basic stuff like macd, stochastic and other indicators + gut feel (which is usuallly wrong) :annoyed:. what you have explained is totally new to me. waiting for your charts. great work u have done.

 

[healthraj]

SELL signal was generated at 6113 in the morning and came down to 6091, Where a BUY signal is Generated. If goes above 6113, BUY. Goes below 6091 Sell. Play for 30 points.

At 2:15 pm had posted that a Buy signal was generated at 6091. The chart has adjusted and so you are not able to see the Buy signal. Buy you can see a Pivot low of around 6090 at 2:09 pm and there was a BD below that level till 6069.

 

[healthraj]

SELL signal was generated at 6113 in the morning and came down to 6091, Where a BUY signal is Generated. If goes above 6113, BUY. Goes below 6091 Sell. Play for 30 points.

Instead of 6 minute if we had used a combination of 60 and 12 minutes then in the 12 min chart The Sell was Generated and was trading in the channel and made the channel low of 6069 and Reversed and Ended near the Pivot of 6093. (market closed at 6092).

So choosing the Right time frame is also important to Choose the right Entry and the Right exit. Or since there was BD in 6 minute, we should look at the next timeframe of 12 min for the Exit.

 

[dineshkummar]

Hi Raj,

Is it possible to add 3-min,6-Min,15-Min,20-Min charts in one sheet so we can alter the time frame accordingly to our needs.


Thanks in Advance,

S. Dhinesh Kumar