NIFTY Options Trading by RAJ

[Option.Trader]

My view is a little different from yours. I think since 6400 call and 6500 call where aggressively written the top seems to be near 6400. I feel the expiry will be around 6300 and nifty will not cross 6350 in this series.

True if calls are written aggressively that should be the case, wonder why Raj would think otherwise

 

[arcus]

True if calls are written aggressively that should be the case, wonder why Raj would think otherwise

There is no trend in the Nifty. No point trading something that is not going anywhere.

I'd rather trade USD-INR.

 

[Option.Trader]

There is no trend in the Nifty. No point trading something that is not going anywhere.

I'd rather trade USD-INR.

Interesting.. last i saw, there seemed to exist a distinct long term trend... wonder if its just my eyes playing tricks .. see the green line below

 

[arcus]

Interesting.. last i saw, there seemed to exist a distinct long term trend... wonder if its just my eyes playing tricks .. see the green line below

A trendline becomes invalid once price pierces it and passes up and down along it.

I will give you an ideal trendline.

This line has been valid since the year I was born, 1989.

 

[Option.Trader]

A trendline becomes invalid once price pierces it and passes up and down along it.

I will give you an ideal trendline.

This line has been valid since the year I was born, 1989.

True, just wondering if the first break is an aberration and if it resumes, like it seems to, would it still be valid?

 

[Option.Trader]

Interesting.. last i saw, there seemed to exist a distinct long term trend... wonder if its just my eyes playing tricks .. see the green line below

6350 is the last resistance before it tries to retest previous highs

 

[toocool]

A trendline becomes invalid once price pierces it and passes up and down along it.

I will give you an ideal trendline.

This line has been valid since the year I was born, 1989.

Not true

If the trend resumes on the upside means that was 1 off case only when trendline was penetrated price traded below it for some time but eventually trend resumed , ta is all about ideas and not an exact science. We are not living in an ideal universe and ta is also part of this ever-changing universe there are no picture perfect situations always

 

[Option.Trader]

Not true

If the trend resumes on the upside means that was 1 off case only when trendline was penetrated price traded below it for some time but eventually trend resumed , ta is all about ideas and not an exact science. We are not living in an ideal universe and ta is also part of this ever-changing universe there are no picture perfect situations always

Thanks, I thought so, certainly helped in my trading today

 

[premkumartalreja]

Keep selling NIFTY 6450 CALLs. Today there was good opportunity to sell 6450 CALL around 17-18. Maybe one would get this chance tomorrow also.
Even with RBI policy review on January 28, it could be extremely difficult for NIFTY to cross 6450 before expiry. Today NIFTY gave break out at 6340 but could not close above it.
One may exit this CALL sell positions in next two/three days if trade is not moving in favorable direction.

 

[prabhsingh]

Go more Long.

LT has already delivered handsome gain since 10th Jan and where had advised accumulating more.

Sold 50% of my holding in this stock.