NIFTY Options Trading by RAJ

[anup]

I think lower breakout confirmed

 

[sai_akil]

You will find the solution in the my other thread. The link for the other thread is given below

http://www.traderji.com/advanced-tr...s-winning-20-trade-nifty-futures-bac-248.html

Thank you sir.. I am going through post by post in that thread and found my excel does not have this option

Microsoft Forms 2.0 Object Library - I googled to download this, but couldnt find out.

Can you help

 

[anup]

Baba's target 1 achieved

 

[healthraj]

Thank you sir.. I am going through post by post in that thread and found my excel does not have this option

Microsoft Forms 2.0 Object Library - I googled to download this, but couldnt find out.

Can you help

Please post your query on the tool in the other thread. Let us keep this thread for Trading

 

[healthraj]

NIFTY Says a Weak Bear.

6300 is Bearish - So I think 6300 will not be crossed today
6200 is Bullish - 6200 will be protected today.

As per the Charts,

In the 60 min chart, the RESISTANCE is at 6280, So above 6280 is a SELL
In the 30/45 chart, the RESISTANCE is at 6295, So above 6295 is a SELL.

So All in All, Today I think we can see 6200. So SELL around 6280-6300.

I use the 30 min and 5 min chart. In the 30 min chart SELL was generated above 6288 but now trading below 6288. In the 5 min chart SELL was generated 6300. So above 6300 should be considered a BO for 50 points.

Below 6267 should give another 30-50 points today

Yes VIX is down. But as per the Rangebound technique it is in a OVER Bought state. So it is SELL for some correction. May be we should expect 6200-6230 for a bounce back

In the 5 min chart First BUY signal Generated at 6234. Those willing to Buy Can buy and Trade with a Strict Stop loss because the Trend is still down. The Target for the SELL would be met at 6264 Futures. So it would be worth to Close all the Shorts and play for the Risky Pullback.

 

[sai_akil]

Sure Raj.. wont be bugging you in this thread.. but of course.. will post in the other thread you mentioned..

Thanks Once Again

 

[healthraj]

BHEL

BHEL is Trading near the MAX @ CE and near the RESISTANCE of 170. So Try Selling around the current Levels.

Those who want to Trade options - 150 PE Available @ 2.05

BHEL MAX OI Changed from 140-170 to 140-180. So better to close the positions. And Look for another opportunity. 150PE now trading at 1.9 and so loss of .15 points. If possible Try to get out around 169 SPOT

 

[healthraj]

In the 5 min chart First BUY signal Generated at 6234. Those willing to Buy Can buy and Trade with a Strict Stop loss because the Trend is still down. The Target for the SELL would be met at 6264 Futures. So it would be worth to Close all the Shorts and play for the Risky Pullback.

Those who bought at 6234, Can close with 10 points profit because NIFTY is not moving beyond 10 points. Trading now at 6246 SPOT. Better close with whatever profit you have got.

 

[prabhsingh]

Raj,

What does OAT tool suggests for BHEL?Can it touch 170 in coming days?

It clearly touched the target.

 

[singlap]

Break out theory worked well today also. Thanks to Babamagic and Anup for keeping thread active on breakout levels. I have never been an intra-day trader but got involved in intra-day trading through this breakout theory only. This surly adds to whatever profits we make on positional trades. Great work guys.