NIFTY Options Trading by RAJ

[singlap]

Lower breakout confirmed ??

 

[anup]

Yes confirmed

 

[TraderRavi]

taRgeT aNup ?

Yes confirmed

 

[anup]

taRgeT aNup ?

20 points... 6310...

 

[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

In the 60 min time frame the Pivot is at 6339, which seems to have been broken and so the next support will come at 6252. In the Lower timeframe also trading below Pivot of 6378 and the support is at 6295. So better to close your shorts around 6295 to 6300 Levels SPOT.

6350 is still indicating as BULLISH - Not sure whether the XX50 strikes indicate the real signs

 

[sankar17f]

nifty down by 50 points. but no movement in 6200 put

 

[healthraj]

nifty down by 50 points. but no movement in 6200 put

If you follow OAT, you will not do this mistake. The MAX OI is at 6200-6400/6500. So you should never buy 6200PE or 6400CE or 6500CE because they are the candidates for Selling by the Positional Traders. May you could have chosen 6250PE.

This morning I bought 6250PE @ 46. Now it is trading at 55.

 

[healthraj]

MAX Pain is at 6300, which indicates that 6300 might act as the Support and might bounce back. So be watchful at 6300.

The MAX COI is at 6300-6500 and so those who want to Trade pairs can SELL the 6300-6500 Pair now available at 103. Try to Get the pair when NIFTY is trading around 6295-6300

In 10 minutes the MAX Pain changed to 6250 once again.

 

[healthraj]

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.

SBIN made low around 1840 and now bounced back.

 

[healthraj]

In the 60 min time frame the Pivot is at 6339, which seems to have been broken and so the next support will come at 6252. In the Lower timeframe also trading below Pivot of 6378 and the support is at 6295. So better to close your shorts around 6295 to 6300 Levels SPOT.

6350 is still indicating as BULLISH - Not sure whether the XX50 strikes indicate the real signs

The SELL for this down move was taken at 6415 SPOT. Going by the 120 point rule it NIFTY SPOT should make at least 6295. So those who are holding the Shorts Trade accordingly.