NIFTY Options Trading by RAJ

[singlap]

What are the break out levels for today ?

 

[healthraj]

Raj,

Bhel Max OI shifting from 170 to 180 - any views?

thanks

BHEL has been moving UP like a Rocket without any correction. So you can try for 180

 

[BabaMagic]

Morning All,

Nifty Spot breakout levels for today.
Upper Breakout - 6282.15, TGT1 - 6302.55, TGT2 - 6326.15, SL - 6231.90
Lower Breakout - 6216.75, TGT1 - 6196.55, TGT2 - 6173.25, SL - 6266.50

Happy Trading!

 

[healthraj]

NIFTY Today.

SELL Around the Pivot of 6255 for Target of 6200. The Support is at 6200

Morning All,

Nifty Spot breakout levels for today.
Upper Breakout - 6282.15, TGT1 - 6302.55, TGT2 - 6326.15, SL - 6231.90
Lower Breakout - 6216.75, TGT1 - 6196.55, TGT2 - 6173.25, SL - 6266.50

Happy Trading!

Thanks BabaMagic. Those who Sold Short around 6255-6260, Book 50% around the Baba Lower Breakout.

 

[BabaMagic]

Raj Sir,

Would it be prudent to buy Strangle going into poll results on sunday. A bit worried on the IV of both Call & Put.

Planning to buy 6000 PE & 6500 CE around 85-90 levels. Have already done some homework on your Tradeanalyser tool, Just need ur views.

Any other ideas/strategies would be more than welcome.

Many Thanks!

 

[gmt900]

Raj Sir,

Would it be prudent to buy Strangle going into poll results on sunday. A bit worried on the IV of both Call & Put.

Planning to buy 6000 PE & 6500 CE around 85-90 levels. Have already done some homework on your Tradeanalyser tool, Just need ur views.

Any other ideas/strategies would be more than welcome.

Many Thanks!

I feel LONG STRADDLE instead of strangle would be safer if one wants to take advantage of a possible big move on Monday. The risk of loss is minimal if one plans to square off position during the day on monday.

 

[singlap]

It would be much better to buy a strangle of Jan rather than Dec taking note of increased IVs. Otherwise also, markets have already priced in 4-0 BJP victory and nothing better is possible for BJP. So actual results may not give much space for upside or a huge movement / swing in any one direction. What are group views ? Please share before market closure so that everybody stands beneffitted.

 

[healthraj]

Raj Sir,

Would it be prudent to buy Strangle going into poll results on sunday. A bit worried on the IV of both Call & Put.

Planning to buy 6000 PE & 6500 CE around 85-90 levels. Have already done some homework on your Tradeanalyser tool, Just need ur views.

Any other ideas/strategies would be more than welcome.

Many Thanks!

As per the Price Action, NIFTY is in an intermediate down Trend with the overall Trend as UP. The VIX is also Low. So if you are going for Pair Trading then I would still go for SELLing a Pair because when the MArket Goes UP, the VIX will not move much. Today VIX is UP by 2.5%. Hopefully if you get NIFTY around 6200-6220 SPOT, then it would be better to go SELLING a Pair.

The MAX OI has also changed from 6000-6400 indicating that we cannot expect more than 6400. So it would be better to SELL the Pair 6100-6450 which is now available around 130. If NIFTY goes further down, you should get 6100PE with a Higher Premium which should be helping if your bias is on the LONG side.

If you can afford more premium and take a little bit of Risk then SELL 6200PE-6450CE Pair

 

[Cubt]

Raj,
Need your suggestion on hedging my position. Am long on PNB and YES Bank, PNB if it breaks out 600, possible target 670 and Yes Bank if breaks out 400, possible target 420/450. I have calculated it based on support/resistance.

However I want hedge my long position if in case of BIG BLOW on Monday. Considering IVs, am not sure which strike price to choose. Pls advice. Thanks!

 

[munde_77]

Raj,
Need your suggestion on hedging my position. Am long on PNB and YES Bank, PNB if it breaks out 600, possible target 670 and Yes Bank if breaks out 400, possible target 420/450. I have calculated it based on support/resistance.

However I want hedge my long position if in case of BIG BLOW on Monday. Considering IVs, am not sure which strike price to choose. Pls advice. Thanks!

You can buy this month put and sell next month call.