NIFTY Options Trading by RAJ

[Neo_trader]

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.

Dear Raj,
Seems Nifty is taking support at 6280. Is it advisable to take positional longs with 6250 as stop.

 

[healthraj]

Dear Raj,
Seems Nifty is taking support at 6280. Is it advisable to take positional longs with 6250 as stop.

If you have bought at 6280, Yes keep your Longs with stoploss as 6250.

NIFTY came down 120 points from 6415. But the INDIAVIX is at 17.7, Which is confusing. May be Puts are being bought. So it is better to Trade Long above 6315.

If you don't want to take the Risk Close your longs now at 6310 SPOT

 

[Neo_trader]

Bought 6300CE at 92 and covered at 110, 18 points profit.

 

[healthraj]

If you have bought at 6280, Yes keep your Longs with stoploss as 6250.

NIFTY came down 120 points from 6415. But the INDIAVIX is at 17.7, Which is confusing. May be Puts are being bought. So it is better to Trade Long above 6315.

If you don't want to take the Risk Close your longs now at 6310 SPOT

There was a Last minute Surge in NIFTY and Went up Till 6325 but suddenly closed at 6308, which is something Fishy. We have to see the Result on tomorrow

 

[timepass]

There was a Last minute Surge in NIFTY and Went up Till 6325 but suddenly closed at 6308, which is something Fishy. We have to see the Result on tomorrow

6308 is the adjusted (averaged) close of last 30 min or something like that.

 

[gopicbin1]

6308 is the adjusted (averaged) close of last 30 min or something like that.

It is really surprising for an expert like health raj , not knowing closing funda !

 

[healthraj]

6308 is the adjusted (averaged) close of last 30 min or something like that.

There was a Last minute Surge in NIFTY and Went up Till 6325 but suddenly closed at 6308, which is something Fishy. We have to see the Result on tomorrow

It is really surprising for an expert like health raj , not knowing closing funda !

My point was whether was it a real surge OR last minute SELL positions taken by the Professional Traders.

 

[healthraj]

NIFTY Closing

45/60 minute Chart - Head and Shoulders Patterns formation. Head at 6415. One shoulder at 6307. Today once again it closed around 6307.9, which could be the next shoulder. Tomorrow we will get a confirmation as to whether it is a H&S formation. If Yes then we can see 6150 once again.

But in both the charts BUY signal generated below 6310 (@6280) But closed below 6310.

Global Markets

FTSE - In the 60 minute chart SELL LIVE from 6572. Support will come at 6440. RESISTANCE at 6553-6572
DOW Jones - In the 60 minute chart SELL LIVE from 16053. Support will come at 15825. RESISTANCE at 16040-16055
S&P 500 - In the 60 minute chart SELL LIVE from 1812. Support will come at 1790. RESISTANCE at 1809-1814

So Global markets might put Pressure on Indian markets based on their closing.

 

[prabhsingh]

Raj Bro,

Have a look at daily chart and draw a channel from Sep19 onwards.I do foresee Nifty moving to 6500 which might be 5th wave of the channel.Thoughts Welcome.

 

[viraj5]

Dear Rajbhai,

If we get highest change in open interest for particular strike price for both CE and PE then how can we read the situation ????

for Example :

YESBANK 300 CE and 300 PE have max change in open interest then how we can read the situation ??? where is the trend ??? kindly guide me.

Thank you

Best Regards

Viraj