The friday movement do not have any logical reason and was very clearly a manipulative move by market makers. All the bearish traders got stuck and now they are testing the patience. Mostly, all will square off or become bullish and that is the time , markets will surly retrace back to fill that gap. It may happen before expiry or just after expiry - extremely difficult to predict. Till then, whichever way if one can hold on to positions (may be by roll over etc.) , one should hold.
NIFTY Options Trading by RAJ
- Thread starter healthraj
- Start date
- Tags nifty options chain raj oat
:lol: Well Tried. I am just thinking on what happened last Friday... Plus a Hard lesson learnt that no system is fool proof. So I am trying to digest myself and trying to recover from the Friday Shock.
So may be YES, I will go on a Vacation to think about it.
For Today 6300 Looks very strong... But Looking at the max pain may be the expiry could be at 6250.
In the 60 min Charts, there is a SELL signal. In the lower timeframes there was FLAT trade from this morning and which will probably give a BUY signal below 6285 or a BD. So Watch 6285.
In the DAILY charts, my chart still shows that it is not Bottomed out with the Bottom as 6109.
So the charts are really confusing.
So may be YES, I will go on a Vacation to think about it.
For Today 6300 Looks very strong... But Looking at the max pain may be the expiry could be at 6250.
In the 60 min Charts, there is a SELL signal. In the lower timeframes there was FLAT trade from this morning and which will probably give a BUY signal below 6285 or a BD. So Watch 6285.
In the DAILY charts, my chart still shows that it is not Bottomed out with the Bottom as 6109.
So the charts are really confusing.
Hi Raj.
i was zero in options but with the help of your tool i have got some knowledge and on friday it was saying to go long only...
May be my reading was wrong but luck might have favored me but to throw a light on your sheet..
6200pe COI had almost the double open interest as compared to the highest COI call
so it was never a sell on that day...
Anyways m still a learner just sharing my views..
Thanx
Dear Raj , am a silent member of u r beautiful and very knowledgeable thread ........... but this is a little bit suggestion to u , pl don't misunderstand ...... by going through u r recent post , I myself was having a feeling that u were predicting the MKT or trying to predict the MKT , When u r position was in danger u must have exited the same rather than trying to stick with it . Who knows may b B4 expiry u r position may turn into profit ( bcz anything can happens in the MKT ) ,but that will b jackpot and not logical ......... KEEP UP THE GOOD WORK DEAR AND RELAX ........ :thumb:
FII Analysis for 16th Aug trade
Lets see if there is some respite with FII data
As seen from above, FII's have once again massively shorted Index futures... i think they are well on the way to fill the long held gap that started this bull rally in the anticipation of free fall to 5300.. Is the 20L buying in 5300 Put an indication of this?? Also interesting thing is on the 5400 PE which still stands rock solid at 79L... They are all hoping that the long term support will hold..once nifty cracks 5470.. all the bets are off.. i think all the PE shorts are being held with a tight stop loss..
There is only one way that a massive bull rally can happen at this stage. Since the participants are so overtly short, any positive news can totally screw them up and then we'll see the mother of all rallies. So hope the Indian govt is listening
Lets see if there is some respite with FII data
As seen from above, FII's have once again massively shorted Index futures... i think they are well on the way to fill the long held gap that started this bull rally in the anticipation of free fall to 5300.. Is the 20L buying in 5300 Put an indication of this?? Also interesting thing is on the 5400 PE which still stands rock solid at 79L... They are all hoping that the long term support will hold..once nifty cracks 5470.. all the bets are off.. i think all the PE shorts are being held with a tight stop loss..
There is only one way that a massive bull rally can happen at this stage. Since the participants are so overtly short, any positive news can totally screw them up and then we'll see the mother of all rallies. So hope the Indian govt is listening
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