NIFTY Options Trading by RAJ

[prabhsingh]

Go Long in TataMotors with target of 376.

 

[Option.Trader]

BUY TIME NOW.

All the Major banking Stocks are trading below the SUPPORT and you can buy now including BANKNIFTY as per the Rangebound or SELL HIGH - BUY LOW Rule. But Yes you need to take some risk because somebody can argue that today we had a Breakdown. So decide for yourself.

I am sure it would be the Test of your nerves. But I think Trading is also about the confidence and the Positive Aggression

I am buying ICICIBANK @ 1098 and NIFTY @ 6195.

But it is definitely not the time to SELL. If you want to SELL wait for a Pullback and Sell when the NIFTY is above 6230.

Option table does not give confidence yet... 6200 CE has the 2nd largest CHGOI after 6300..maybe downleg is still not complete??

 

[bapu4]

Tech m
maxpain-1700
max coi ce - 1800
" pe - 1700
cmp- 1690(spot)
1700(fut)

can we short for a target of 1650(spot) ??
But oat is pointing at 1800 !!!

Gbu !!

 

[healthraj]

Option table does not give confidence yet... 6200 CE has the 2nd largest CHGOI after 6300..maybe downleg is still not complete??

Yes Agreed 6150 might be still possible because in the Daily charts the bottom is at 6150 SPOT. But the last 50 points is always difficult to Get market always does Pullback. NIFTY today made a bottom of 6185.

In OAT 6150 is Bullish, 6200, 6250, 6300 are bearish.

You can also see that the Asian markets Futures are in Green... So I am bullish for the First half.

 

[anup]

Can anyone tell me the Baba Breakout level..

 

[healthraj]

BANKNIFTY

As per the Price action in the Lower timeframes. If BANKNIFTY can cross 11455 on the UP side then Can Test 11640 (RESISTANCE) or the Pivot at 11550.

 

[BabaMagic]

Morning All,

Nifty Spot breakout levels for today.
Upper Breakout - 6210.60, TGT1 - 6230.80, TGT2 - 6254.10, SL - 6160.90
Lower Breakout - 6183.30, TGT1 - 6163.20, TGT2 - 6140, SL - 6232.80

The difference in the breakout level is quite narrow today. Looks like we are again heading for a ping pong day.

Lets see which sustains first.

Happy Trading!

 

[vikasnp81]

Bo 6210.6
bd 6183.3

 

[vikasnp81]

Bo 6210.6
bd 6183.3[/QUOTE
Baba breakout level

 

[msa5678]

Morning All,

Nifty Spot breakout levels for today.
Upper Breakout - 6210.60, TGT1 - 6230.80, TGT2 - 6254.10, SL - 6160.90
Lower Breakout - 6183.30, TGT1 - 6163.20, TGT2 - 6140, SL - 6232.80

The difference in the breakout level is quite narrow today. Looks like we are again heading for a ping pong day.

Lets see which sustains first.

Happy Trading!

Lower Breakout triggered. Will it sustain ?