NIFTY Options Trading by RAJ

[healthraj]

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

Those who bought around 6250-6270, Please keep your longs with stoploss of 6220. Today it might be the Test of Nerves till 1:30 (Before Europe Opening) because from an Intraday perspective it might not give immediate profit. So wait till tomorrow to see profit. If you cannot hold then it is better to GO Long above 6315

 

[sai_akil]

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.

Thank You Sir.. When you are free, just go through it.. though it would be a very simple when compared to your knowledge..

check this out when you are free sir.

http://www.traderji.com/day-trading/25307-best-way-day-trading-2652-theory-trading.html

 

[babumehta]

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.

Dear Raj

do u have the latest OAT sheet which you can upload with those charts?

 

[BabaMagic]

So as per you, it should achieve down target in first hour tomorrow if not achieved today

Morning All,

Nifty Spot breakout levels for today.
Upper Breakout - 6289.30, TGT1 - 6309.70, TGT2 - 6330, SL - 6239
Lower Breakout - 6252.10, TGT1 - 6231.80, TGT2 - 6208.40, SL - 6302

For yesterday's lower breakout, Nifty spot almost achieved its full target at 6248 in the first hour of trade. I guess, Today's lower breakout level could have been the reason it did not break 6250 in the first hour.

Still learning.....

Happy Trading!

 

[healthraj]

Thank You Sir.. When you are free, just go through it.. though it would be a very simple when compared to your knowledge..

check this out when you are free sir.

http://www.traderji.com/day-trading/25307-best-way-day-trading-2652-theory-trading.html

At the first sight it looks very complicated. I will go through it when I have some time.

 

[prabhsingh]

Morning All,

Nifty Spot breakout levels for today.
Upper Breakout - 6289.30, TGT1 - 6309.70, TGT2 - 6330, SL - 6239
Lower Breakout - 6252.10, TGT1 - 6231.80, TGT2 - 6208.40, SL - 6302

For yesterday's lower breakout, Nifty spot almost achieved its full target at 6248 in the first hour of trade. I guess, Today's lower breakout level could have been the reason it did not break 6250 in the first hour.

Still learning.....

Happy Trading!

Kindly can you share the link where levels are keyed in please.

 

[timepass]

Kindly can you share the link where levels are keyed in please.

If you are looking for the strategy, I think this is the link :

http://www.traderji.com/trading-diary/88670-nifty-options-trading-raj-250.html#post887384

 

[BabaMagic]

http://www.pivottrading.co.in/pages/breakout.php

 

[healthraj]

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

In the Lower timeframe of 30 min, the Support has moved UP by 50 points to 11600. So may be you can wait and buy around 11600-11650. In the 60 minute as told already it has Generated a BUY signal below 11746.

 

[knarendra]

I think BNF premium is more than NF.

Eg: BNF - 11700 CE- 304/- ( CMP : 11700, BNF: 11750)

NF - 6250 CE- 106/- ( CMP : 6260 , NF : 6300)

Both are around cash market strike price. Is it possible to sell BNF and Buy NF? or Buy NF and sell BNF?