NIFTY Options Trading by RAJ

[healthraj]

Yes As per the Daily charts the Trend is on the UP side and RESISTANCE seems to be at 6530. The LONG is LIVE from 21-NOV from around 5970.

The Pivot is 6350. So a Strong move above 6350 might take to 6500.

But the Problem is with the BANKNIFTY. BANKNIFTY Stocks like ICICIBANK and SBIN were responsible for the recent Rally upto 6415. But now BANKNIFTY is in intermediate DOWN. The Major stocks like ICICIBANK, SBIN, HDFCBANK, YESBANK, AXISBANK all have Topped out and are in the DOWN mode.

The SELL in BANKNIFTY started at 12226 on 09-DEC. The pivot is at 11550. May be a bounce near 11550 will help BANKNIFTY make a double top and thus help NIFTY make 6500. Without the help of BANKNIFTY stocks, NIFTY cannot reach 6500 so easily.

So Watch BANKNIFTY to decide on 6500.

Today almost all the Banking stocks in 60 min chart bottomed out and looking to move up.

So hopefully tomorrow we should see an UP move in BANKNIFTY and NIFTY in the Second half.

Attaching the 60 min and Daily charts for NIFTY and BANKNIFTY

NIFTY daily

NIFTY 60 min

BANKNIFTY daily

BANKNIFTY 60 min

 

[healthraj]

Why in the second half ?

First half can be utilized for the consolidation around 6260-70

 

[Option.Trader]

Attaching the 60 min and Daily charts for NIFTY and BANKNIFTY

NIFTY daily

NIFTY 60 min

BANKNIFTY daily

BANKNIFTY 60 min

Raj, is it possible for you to integrate these charts with next version of OAT? basically the ability to choose either 5/15/30/60 over a choosen time period?

 

[Somatung]

Raj, is it possible for you to integrate these charts with next version of OAT? basically the ability to choose either 5/15/30/60 over a choosen time period?

Wow Sir Option Trader

You really search for the 100% entry trigger. Will follow this thread to see if you will find it.

 

[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.

Yesterday NIFTY had a sharp rally of 40 points towards the End and made high 6326 and closed below 6315 @ 6307. Today we should get 6270. So close your shorts around 6270. NIFTY already started its UP Move. This is just a final attempt by the Bulls to Let go the Weak Traders.

Ideally around 6250-70, You should BUY for 6500

 

[timepass]

Yesterday NIFTY had a sharp rally of 40 points towards the End and made high 6326 and closed below 6315 @ 6307. Today we should get 6270. So close your shorts around 6270. NIFTY already started its UP Move. This is just a final attempt by the Bulls to Let go the Weak Traders.

Ideally around 6250-50, You should BUY for 6500

and about BNF ??

 

[healthraj]

and about BNF ??

In the 60 minute chart BANKNIFTY is Generating a BUY signal Above 11746. But in the Lower timeframe it is still not bottomed out. May be it would Test 11550, which is also the Pivot in the Daily Charts. So it would be good to Wait for 11550 or Buy now and Average near 11550. But it is a Difference of 200 points. So today it would be better to Sell near 11746, I think.... Overall BANKNIFTY is in a DOWN Move from 12250. If we buy from 11550, it would also mean a 1000 points RALLY till 12500, which could be MAX for this Trend

 

[sai_akil]

Raj Sir

As I was going through the thread as a part of learning, I stumbled upon 2652 theory of trading and I find it good... Dhirja site is not working..

what is your views on 2652 and as a favor can you create a excel sheet for that and provide us..

Thanks in advance

 

[sekharjchandra]

Yesterday NIFTY had a sharp rally of 40 points towards the End and made high 6326 and closed below 6315 @ 6307. Today we should get 6270. So close your shorts around 6270. NIFTY already started its UP Move. This is just a final attempt by the Bulls to Let go the Weak Traders.

Ideally around 6250-70, You should BUY for 6500

Is it not risky to buy NIFTY now with BNF still has 200 points potential down move left ?

 

[healthraj]

Raj Sir

As I was going through the thread as a part of learning, I stumbled upon 2652 theory of trading and I find it good... Dhirja site is not working..

what is your views on 2652 and as a favor can you create a excel sheet for that and provide us..

Thanks in advance

Sai,

In the last four Years, I have tried so many things. But the most important thing is that we should find something that work for us. Please provide the link or some explanation of 2652 theory. It is good to know and learn new stuff. But I am not promising anything. I will only try something if it looks promising to me.

Right now I am very much comfortable Trading the Rangebound Technique, The Traditional SELL HIGH, BUY LOW. I have heard enough about this SELL HIGH, BUY LOW but the challenge was always to find out what is HIGH or LOW and to capture it at the Right time. Two days I captured ICICIBANK SELL at the Right time and it gave 50 points in two days.

For Example Today I would Say NIFTY is BUY because it is trading below the Support by nearly 40 points. Ultimately I want to move to a system which is as simple as SELL HIGH and BUY LOW and LET IT RIDE the Profits.