NIFTY Options Trading by RAJ

[healthraj]

NIFTY

MAX Pain has changed from 6200 to 6250
MAX OI is at 6200-6500. Yesterday it was 6200-6400.

For Today 6300/6350 is Bullish. 6400 is Bearish. So Follow a SELL on Highs strategy. Look for 6350 to change to Bearish, so that you can trade for a Breakdown of 50 points. Unless 6350 becomes bearish the fight will be at 6350

The intermediate Trend is down. The 60 min channel support is at 6240 and 15 min Channel support is at 6300.

From 6240-60, We can see another rally to 6500. 6250 is also the MAX Pain and so it will not go below 6250. Plan accordingly your Trades

 

[healthraj]

Dear Raj

Can you throw some light on ADANIENT? It's showing as sell as per OAT sheet, I asked yesterday as well. Pls sugget when you have time.

Regards

In the OAT It is a SELL. But as per the Price Action, it is still not a SELL. You can wait for the Levels of 290. Right now it is trading near 60 min Pivot of 280 and so it can go either way. so it is better to avoid this stock now.

As per the Lower timeframe 15 min, SELL generated at 284 for a Target of 272. So if you want to Take risk can Sell now for the target of 272.

The Overall Trend is Still UP

 

[healthraj]

Raj, Throw some light on SBI, I think it has become selling candidate(looking at OI)

SBIN normally follows the NIFTY Trend.

MAX OI 1700-2000 with MAX Pain at 1850. Now trading above the MAX Pain by 30 points. I would not recommend any Trade near the Pivot or MAX Pain. It is better to Wait and Sell near the RESISTANCE of 2000 or Follow NIFTY and Buy near 1850 for a Target of 2000.

In the 60 min char the SELL is Active from 1922. 60 min Pivot at 1882. Support at 1842. Ideally should have Short around 1922. Now you can Try the Risky short below the Pivot of 1882 and hope for 40 points. But around 1840-50, it would be a BUY for 2000.

 

[BabaMagic]

Hi Anup,

Today's 30 min. High = 6362.25
Today's 30 min. Low = 6335.60
Yesterday's High = 6415.25
Yesterday's Low = 6345
Yesterday's High - Low = 6415.25 - 6345 = 70.25
MF1 = 70.25 * 0.45 = 31.60, MF2 = 70.25 * O.75 = 52.68
Today's 30 mins. High - Low = 6362.25 - 6335.60 = 26.65(Range below MF1)
Hence,
Upside Breakout = Todays's Low + MF1 = 6335.60 + 31.60 = 6367.20
Lower Breakout = Today's High - MF1 = 6362.25 - 31.60 = 6330.65

Hope this helps.

Thanks!

 

[Option.Trader]

Hi Anup,

Today's 30 min. High = 6362.25
Today's 30 min. Low = 6335.60
Yesterday's High = 6415.25
Yesterday's Low = 6345
Yesterday's High - Low = 6415.25 - 6345 = 70.25
MF1 = 70.25 * 0.45 = 31.60, MF2 = 70.25 * O.75 = 52.68
Today's 30 mins. High - Low = 6362.25 - 6335.60 = 26.65(Range below MF1)
Hence,
Upside Breakout = Todays's Low + MF1 = 6335.60 + 31.60 = 6367.20
Lower Breakout = Today's High - MF1 = 6362.25 - 31.60 = 6330.65

Hope this helps.

Thanks!

6 more min to go. 10:52 lower breakout hit

 

[Option.Trader]

6 more min to go. 10:52 lower breakout hit

Counter reset, didn't stay for 10 mins, bailed out at 9min

 

[healthraj]

6 more min to go. 10:52 lower breakout hit

Counter reset, didn't stay for 10 mins, bailed out at 9min

Trading is not mathematics

 

[Option.Trader]

Trading is not mathematics

Lol, maths has a way to get into trading, for eg fibo. Not sure though, just tracking baba levels

 

[healthraj]

Lol, maths has a way to get into trading, for eg fibo. Not sure though, just tracking baba levels

No I was just pulling your leg... Why should it be 10 minutes.. Why can not it be 9 minutes ? So is 6330 broke today or not?

 

[singlap]

Quite logical. Even if it sustains for 9 minutes , i think we can safely consider it to be a breakout. Sustaining level for 9 to10 minutes must be signifying that sufficient momentum is there in the market for breakout. Baba magic can give better reasoning for this.as far as todays trade is concerned , lower breakout seems to be there.