NIFTY Options Trading by RAJ

How do you use OAT tool?

  • For Intraday Naked Options trading

    Votes: 58 37.7%
  • For Intraday Pair trading of Options

    Votes: 27 17.5%
  • For Intraday Futures trading

    Votes: 18 11.7%
  • For Positional Naked Options trading

    Votes: 35 22.7%
  • For Positional Pair trading of options

    Votes: 29 18.8%
  • For Positional Futures trading

    Votes: 11 7.1%
  • To trade in Cash market

    Votes: 13 8.4%
  • Overall trading has improved with OAT

    Votes: 27 17.5%
  • Understanding of Options has improved with OAT

    Votes: 57 37.0%

  • Total voters
    154
  • Poll closed .

healthraj

Well-Known Member
As per Options chain, 6150 is bullish and so should Hold for today.

In OAT, the Range is 6200-6500. And so around 6170 SPOT, I think it should be a BUY Provided the Range remains at 6200-6500.

As per the Price Action, In the higher timeframe there is a BUY signal Generated below 6198.
6150 has become bearish. Stay short and avoid Long for today
Ultimately as a positional Trader, NIFTY would be a BUY around 6170. My message on AVOID Longs is only for today.

In the DAILY Charts, the Support is at 6180 and the Targets are 6288, 6395 an 6502

In the hourly charts, The support is at 6187 with Targets as 6246, 6306 and 6424.

So risky Players can BUY NIFTY at Current Levels.

Almost 90% of the NIFTY 50 Stocks are Trading near the Support and Have Generated BUY. So one can literally BUY any of the NIFTY stock
 
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Options data has started to become a lagging indicator rather than a leading indicator. Seems options change now follows price action and it changes so quickly, there is no meaning to do trade based on options data.
 

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