NIFTY Options Trading by RAJ

[healthraj]

Raj,

what is your view on Bhel? As per chart, am short @ 164, holding it for target of 155 with Stop loss - EOD close above 165.

when i used ur OTP tool, am getting an error message that link is invalid.

Please post ur views on BHEL

There are only 4 days Left in this Expiry.
As per the Lower timeframe the Bottom could be 159 SPOT and made a double top at 166 SPOT. So 159 should be possible.

In the Higher timeframe, a double top made at 166. And as per the chart the bottom could be 146. And the pivot is at 155. So Yes as per the Hourly charts 155 should be attainable.

In the Daily charts the PIVOT is around 156. so I think 155-156 should be achievable. If you are at Cost, it would be better to Change to the Next Series.

 

[healthraj]

Raj,

Is there any tools or online portals to find list of stocks which are trading near support/resistance levels?

I am not aware. I screen using my own Google Finance Values and Charts.

 

[babumehta]

I am not aware. I screen using my own Google Finance Values and Charts.

Dear Raj, indusind is showing 420 to 400 as range but max pain is 440 in OAT? what does that mean?

 

[whisky]

Raj Bro Nifty levels for tomorrow?

 

[healthraj]

NIFTY Levels for Tomorrow.

Bias is Negative because there are only 4 days left in this Expiry and as per the MAX Pain expire around 6200. So there is a lot of job left. For that first the Bottom need to be formed.

Daily Charts - Support around 6100. So normally it can go at least 30 points below the support. So as per the Daily charts Low could be 6070

Hourly charts - SELL is LIVE which is Triggered at 6263 today. For this SELL to be complete, NIFTY needs to test the Previous low of 6137 or as per the Trend the 6100/6070.

Lower timeframe - The SELL is LIVE from 6263. The support is at 6130.

As per the Hourly charts, the important Levels are 6230, 6185, 6140, 6100, 6055. NIFTY trading below 6230 and 6185. Now the Levels to watch would be 6140 and 6100.

As per the Daily charts, After touching the Lows, Closing above 6100 will be a Bullish signal for BUY.

 

[whisky]

Thanks Raj Bro, I got my confirmation.:thumb:

 

[healthraj]

Dear Raj, indusind is showing 420 to 400 as range but max pain is 440 in OAT? what does that mean?

Range is 400-420. MAX Pain at 420

 

[babumehta]

Range is 400-420. MAX Pain at 420

are you looking in OAT. Am i doing some wrong ..see screenshot. Max pain shows 440

 

[vikasnp81]

Break out 6221.25 target 1: 6241.5 target 2: 6264.8
Break down 6142.5
Target 1: 6122.6
Target 2: 6099.6

 

[healthraj]

NIFTY Levels for Tomorrow.

Bias is Negative because there are only 4 days left in this Expiry and as per the MAX Pain expire around 6200. So there is a lot of job left. For that first the Bottom need to be formed.

Daily Charts - Support around 6100. So normally it can go at least 30 points below the support. So as per the Daily charts Low could be 6070

Hourly charts - SELL is LIVE which is Triggered at 6263 today. For this SELL to be complete, NIFTY needs to test the Previous low of 6137 or as per the Trend the 6100/6070.

Lower timeframe - The SELL is LIVE from 6263. The support is at 6130.

As per the Hourly charts, the important Levels are 6230, 6185, 6140, 6100, 6055. NIFTY trading below 6230 and 6185. Now the Levels to watch would be 6140 and 6100.

As per the Daily charts, After touching the Lows, Closing above 6100 will be a Bullish signal for BUY.

As per the Adjusted charts in the Lower timeframe, The RESISTANCE at the Lower timeframe is at 6205 and in the higher timeframe it is at 6220. So those who want to Sell can sell between 6205-6220.

In the Higher timeframe the SELL is already live from 6263

6200 PE is available around 45 now.

As per OAT, the Calls are being squared off and today the fight will be at 6200 as per MAX COI. The Options Data favoring Bulls. But the Price Action favors BEARS at 6200.

It would be SAFE to SELL around 6200-6220. Keeping the Stoploss as 6245