NIFTY Options Trading by RAJ

[SuperSaiyan]

Do not follow any trades blindly do your own research this is just to keep my record and to test the new technique and Rules that i have made .

@ stock72 thats reason there is something called as SL-M order to prevent your loss
never trade without SL once buy order is completed (i learnt that hard way )


Todays strategy is buying calls of 6400 CE around 36 or 35 putted buy order now we wait for our price to come

trend is positive so my attack will be on call side

ok order completed 6400 CE bought at 36.3

Edit i putted a Sl order if price goes 26 sell at MKT RATE

Closed the position @ 36.3 at 3:05 stt pocket se dena padgaya lol

All position to be cutted at EOD Or when in 20-30% profit whatever comes first no carry forward no matter what

*** Looking at closing price of call it;s clear there will be big move.. either up / down monday's opening will tell

 

[premkumartalreja]

Todays Trade Based on OI Change

SELL AUROPHARMA Mar C 590 @ 6.90
SELL MARUTI Mar C 1600 @ 53.00
SELL TATAMOTORS Mar C 460 @ 2.15
SELL BHEL Mar C 175 @ 1.45
SELL MARUTI Mar P 1500 @ 17.50
SELL TATAMOTORS Mar P 410 @ 11.10
SELL MARUTI Mar P 1550 @ 30.50
SELL TCS Mar P 2250 @ 49.70

 

[healthraj]

MAX COI @ 6300-6300, Which indicates a Sharp move in NIFTY, Which might even be a SELL. So better to be cautious.

MAX OI @ 6100-6300 and NIFTY today made a High of 6273. So I think it is mostly a correction in waiting. MAX Pain at 6200. So may be we can expect minimum of 6200. Those who sold around 6275-6273, I think can hold with a stop loss of 6300.

In the morning both in the Lower and Hourly timeframes SELL Triggered at 6273 and BUY signal is not yet triggered in LTF and HTF.

You can change your stance based on the MAX COI. Now it is at 6300-6300. So closely watch the MAX COI and the MAX Pain.

Those who want to trade Options based on MAX Pain, we have two possibilities,

If changes from 6200 to say 6150 or lower, BUY 6200 PE and hold till it is profitable or MAX Pain changes again to 6200
If changes from 6200 to say 6250 or lower, BUY 6200 CE and hold till it is profitable or MAX Pain changes again to 6200

Those who are using OI/COI to take decisions, The Important point to note here is that whenever you see COI at the same strike in both the MAXCOI(CE) and MAXCOI(PE), then it is good opportunity because there is a BREAKOUT / BREAKDOWN in waiting

 

[healthraj]

MAX COI @ 6300-6300, Which indicates a Sharp move in NIFTY, Which might even be a SELL. So better to be cautious.

MAX OI @ 6100-6300 and NIFTY today made a High of 6273. So I think it is mostly a correction in waiting. MAX Pain at 6200. So may be we can expect minimum of 6200. Those who sold around 6275-6273, I think can hold with a stop loss of 6300.

In the morning both in the Lower and Hourly timeframes SELL Triggered at 6273 and BUY signal is not yet triggered in LTF and HTF.

You can change your stance based on the MAX COI. Now it is at 6300-6300. So closely watch the MAX COI and the MAX Pain.

Those who want to trade Options based on MAX Pain, we have two possibilities,

If changes from 6200 to say 6150 or lower, BUY 6200 PE and hold till it is profitable or MAX Pain changes again to 6200
If changes from 6200 to say 6250 or lower, BUY 6200 CE and hold till it is profitable or MAX Pain changes again to 6200

Those who are using OI/COI to take decisions, The Important point to note here is that whenever you see COI at the same strike in both the MAXCOI(CE) and MAXCOI(PE), then it is good opportunity because th ere is a BREAKOUT / BREAKDOWN in waiting

MAX COI changed to 6200-6300. So it seems downside is more possible than UP Side beyond 6300.

 

[s.r.sitaram]

@premkumartalreja,

your calls are simply superb. kindly continue to post everyday

Regards,
Sitaram

 

[bapu4]

@Bapu

Do not worry, I am with you at any time. I do not feel to criticize you, other wise I would haven choosen quit different words. Take it as: Food for thoughts what is posted from my side. We are all here to share some knowledge and nothing else. Ok. Offer still stays: If you in profit, let's party here in the forum and other wise lets do an other analyzes why it may not worked or even worked.

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 ...

Well bros supesaiyan and somatung,
I am out for 12 it showed 13.4 today but started falling now at 11.20
Tx

 

[premkumartalreja]

@premkumartalreja,

your calls are simply superb. kindly continue to post everyday

Regards,
Sitaram

s.r.sitaram ,

I am glad you find them ueful. WIll continue to post. Chnage in OI is a great way to know what trades market makers are into..

 

[umash2000]

Today MACD signal became positive(Broad trend) & Daily trend(6230) also positive.Thus,nifty tended to move away from Max pain 6200..
Nifty would tend to move towards Max pain 6200 when Daily trend become negative..

 

[SuperSaiyan]

@ bapu4 good yaar u made profit
i was remembering u when i saw 13
it;s best decision to square off option at End of Day .... doesn;t hurt u can always reenter on monday right

@umash2000 nice observation .. I too saw that ..trend positive so buy but sadly that didn;t worked for me lol today.
in upcomming days if we have opening below 6260 [Main index nifty] and if it doesn;t goes above that then it would be start of mini down trend.
Rsi already has started fading on 15 min chart
On monday i am expect it to go down. Looking at calls close price.either it will be 6330 Or 6230 :xD but who knows a gap up opening might change trend again So ...

Monday opening to decide what will be move [Neg is expected but be cautious ]
All eyes on 6260

 

[healthraj]

At today's closing in the Daily charts, out of the 50 NIFTY stocks. 24 stocks indicating SELL, 9 indicating BUY. And the Rest 17 indicating FLAT.

NIFTY MAX COI @ 6300-6300 at close of day.
MAX OI at 6100-6300 - Narrow Range.

MAX Pain @ 6200, which will normally get tested in the Start of the Series.

I think nothing much will happen next week. Indian GDP data would be out at 7 PM today. So market might react to that on Monday. Expected is 4.9%, Previous 4.8%.

So some boring Narrow days might be ahead . Better to focus on Stocks rather than on NIFTY alone.