NIFTY Options Trading by RAJ

[healthraj]

:thumb:

NIFTY, SBIN, ICICIBANK

All the above three are as per the Price Action are Trading below the Support and thus Generating BUY signal. It is also not a Breakdown. So those who want to Take Risk Can buy now at the current levels

NIFTY - Buy around 6290-6300 - Stoploss 6260
SBIN - Buy above 1825 - Stoploss 1800
ICICIBANK - Buy above 1841 - Stoploss 1820

Note : These Levels are per the 60 min Timeframe.

ICICIBANK quick profit of 11 points

ICICIBANK gave a Quick bounce and gave 11 points. NIFTY and SBIN are NOT. So close the Rest with whatever profit you have.

NIFTY Now at 6305
SBIN Now at 1827

We will always get other opportunities :thumb:

 

[sabhlok_r]

INFY @ TCS

INFY & TCS are trading in tight range of 100 points.

It would be good to Try for Intraday Trading because it would normally not Give Breakouts or Breakdowns.

INFY Range as per OAT is 3300-3400
TCS Range as per OAT is 2000-2100

So accordingly both are Trading near the RESISTANCE.

INFY would be a SELL around 3400 and TCS would be SELL around 2100. Watch these stocks.

Right now in both the Stocks LONG is LIVE

tcs looks good for a 20-25 rs profit here in longs... cmp 2075 fut. 2150ce @ 15

 

[healthraj]

NIFTY


If NIFTY does not move beyond 6315. Then you can once again Take Short positions around 6305-6315 with Stoploss as 6340.

Target 6270.

6300 is showing as Bullish and so the Target is 6270. If 6300 becomes bearish then we can revise the Target Down.

For now play for 30 points.

 

[healthraj]

NIFTY


If NIFTY does not move beyond 6315. Then you can once again Take Short positions around 6305-6315 with Stoploss as 6340.

Target 6270.

6300 is showing as Bullish and so the Target is 6270. If 6300 becomes bearish then we can revise the Target Down.

For now play for 30 points.

Second Time Testing 6295. First time made 6288.5

Let us see now what happens...

As per the lower time frame 5 min/10 min / 15 min Chart the Support comes at 6250 - 6270.

So may be there is some 25-30 points Left from 6295

INDIAVIX is tightly holding on to the Pivot at 18.5. so further Down the Pivot at 18.5 needs to break and the Support will come at 19.5

 

[healthraj]

Second Time Testing 6295. First time made 6288.5

Let us see now what happens...

As per the lower time frame 5 min/10 min / 15 min Chart the Support comes at 6250 - 6270.

So may be there is some 25-30 points Left from 6295

INDIAVIX is tightly holding on to the Pivot at 18.5. so further Down the Pivot at 18.5 needs to break and the Support will come at 19.5

Second time also bounced back at 6288. But in the Lower timeframe the chart has become FLAT and the Support is at 6259. So I think 6260 might be Tested Today.

In the 60 min chart, First Buy signal Generated below 6191.1.
In the Lower timeframes No BUY signal Yet. It would be Generated below 6259.

so you can observe that in the lower timeframes the Support has drifted from 6270 to 6259

 

[healthraj]

Second time also bounced back at 6288. But in the Lower timeframe the chart has become FLAT and the Support is at 6259. So I think 6260 might be Tested Today.

In the 60 min chart, First Buy signal Generated below 6191.1.
In the Lower timeframes No BUY signal Yet. It would be Generated below 6259.

so you can observe that in the lower timeframes the Support has drifted from 6270 to 6259

If it makes an third attempt, normally it will succeed. So Watch 6288 SPOT Closely, Which is also our Baba Level for Breakdown.... So the Baba Countdown starts NOW.

 

[anup]

Just to inform every one..Yesterday Baba's target 1 was achieved

 

[vikasnp81]

6288 broken

 

[healthraj]

If it makes an third attempt, normally it will succeed. So Watch 6288 SPOT Closely, Which is also our Baba Level for Breakdown.... So the Baba Countdown starts NOW.

Went Below 6288. But does not Seem to be a BD, because there is no momentum. So do not carry too much positions for 6270.

 

[singlap]

Lower break down confirmed ??