NIFTY Options Trading by RAJ

[Option.Trader]

Learning Something new, your views please...

Fibonacci levels have always intrigued and it has a way of fitting in, I would be more interested in your interpretation of TD_supply and TD_demand lines. I could figure out the way of drawing, but could not come around the target numbers, care to share?

 

[manojborle]

Fibonacci levels have always intrigued and it has a way of fitting in, I would be more interested in your interpretation of TD_supply and TD_demand lines. I could figure out the way of drawing, but could not come around the target numbers, care to share?

Thanks
i will combine with TD Supply and Demand also.
I will share the method also when i get proper net access.

 

[manojborle]

Thanks
i will combine with TD Supply and Demand also.
I will share the method also when i get proper net access.

My only problem is I am not able to update my charts, I have internet on ship but downloading is not allowed.
So when I get proper net access that time only I can post something that can be of some use.

 

[premkumartalreja]

Todays Trade based on Change in OI

Sell TATASTEEL Feb C 360 @ 1.90
Sell AXISBANK Feb C 1250 @ 4.05
Sell WIPRO Feb C 600 @ 3.40
Sell BANKNIFTY Feb C 10700 @ 45.10
Sell LT Feb C 1100 @ 1.60
Sell LT Feb P 1080 @ 2.75
Sell TATASTEEL Feb P 360 @ 3.50
Sell BHEL Feb P 160 @ 0.70

All will be ZERO by EOD

 

[SuperSaiyan]

bullish crab went wrong so not going to paste any thing loool ..
Just for fun time 10:25
that was state..
and i hope some thing miracle will update at 3:30 if anything happened

Nothing happened ... A condition for which i was waiting didn;t happened so no trade..

over all this month loss 225K loool

 

[sk_bala82]

max pain @ 6200 changed yesterday???.

 

[bapu4]

Hi,
I BOUGHT 5900pe Mar @12.15 seniors pl guide how to tackle means S/L,profit etc
Tx

 

[SuperSaiyan]

i know why u bought 5900 PE
budget play is LOOOL market goes 500 point up/down in 1 day that day .
i would wait and i would go Bear only when nifty goes below 6150
Untill then play should be on Bull side .....

If ever it becomes 26 i be the first to buy only then...

i have a weird feeling it will go to R.s 6 first then by End of expiry LOL i don;t see it crossing R.s 50 until Nifty goes down below 6150
. i deserve to be wrong tho

Lesson learnt :-- Never fight Tape... There is only one side to market and thats Right side :xD
Never make same mistake twice . The one that is able to convert loss into experience and could gain with that experience is Unbeatable
Evil smile i just got experience of 225K loss in new Option trading lol ...

 

[healthraj]

MAX Pain for FEB-14

This is one of those months Where the MAX Pain did not work. One reason could be that it was a Rangebound month a small Range and most of the time NIFTY was anyway stuck at 6100 (The MaX Pain for most of the month)

 

[Somatung]

@Healthraj

No problem with this, as long as MAX Pain is not used as the ONE and only thing to take decisions for any trades. Probably here some do hard with it and take it as the ONE thing. I am sure you use other tools and common sense to make up your mind about the market and not only the MAX Pain tool.

@Bapu

Sorry, but no party this time. The enemies (Time decay and market moves) have been to strong this time and did what ever they could to blame you. Guess you still enjoyed the ride of hope. Now you decided to go for the MAR 5900 put @ 12.15. What made up the mind to do so? One thing you have to be clear about: Buying far out of the money options (otm) is a business which leads most of the time to a loss in the long run. As market must move in the direction you wish (and this quit a few houndert points), and time is passing, you will face the same problems again. A cheap price not necessarily means a good price. Most buy those options because they think it is a cheap investment with high profit potential. But this is not the case, other wise we all only would buy such options and drive the biggest possible cars on the world. Probably you must change your mind set to an other kind of option trading like put and call spreads. This will limit your profit potential and it also limits your loss potential. Of course, this will be your decision and non of us can tell you what you may or may not can do. As you already choosed again the ride of hope, it is yours. Some times wishes become real and this most of the time by helping to make them real = Trade your options and not just hold and wait. See you around.

@SuperSayian

Well, looks this time you not made the "Super", even you used super words how great your idea seemed to be and how happy people will be. Never mind and as you told and learned by your self: Never fight the Tape, specially when only done on hope and pure speculation, as the details are not understood. What will be your next option trade you like to take to make you feel again to be on any ride which is related to trading?