NIFTY Options Trading by RAJ

[14092012]

Hello, any thoughts for a straddle strategy based on OI? Or is it too early to take a trade based on OI? because, it does appear that way to me.

 

[healthraj]

Hello, any thoughts for a straddle strategy based on OI? Or is it too early to take a trade based on OI? because, it does appear that way to me.

Yes Too early. Wait for the SELL signal in the hourly charts. Ideally it would be good if we get a Signal in Daily charts. COI also indicating 6300-6400. So we cannot rule out 6400 in this series. And for any successful straddle on the UP side you would require at least 200 point movement and that too a fast movement.

 

[SuperSaiyan]

don;t think to sell not untill nifty goes 6230--6250 again that should be point of sale.
Untill then it;s Bull time :xD


today it was day to buy right and hold tight nvm
Rules are meant to be broken loool
and stop loss are ment to be hitted :xD

 

[adg123]

what is lol, lool or loool ...???

 

[healthraj]

what is lol, lool or loool ...???

This is a good example for Lol. BTW I think LOL means Laughing Out Loud. So somebody is not able to control his laughter.

There is also ROFL, which means Rolling On Floor Laughing, Which is LOL of LOLs

 

[Somatung]

@Sir Healthraj

OI used in any market prediction worked perfectly on Nify future and the same tool in conjunction with other tools worked this time imperfectly on Hindalco. Never mind. Futures and options on futures are any way favored from most traders here. May I ask: Why don't you trade Banknifty? To volatile or what is the reason.

 

[adg123]

This is a good example for Lol. BTW I think LOL means Laughing Out Loud. So somebody is not able to control his laughter.

There is also ROFL, which means Rolling On Floor Laughing, Which is LOL of LOLs

Thanks Raj Bhai, got it, actually I was confused.

I thought it is a profit/loss/stoploss target "one hundred one", "one thousand one" or "ten thousand one", but now clear about it...!

Thanks again.:lol:

 

[healthraj]

@Sir Healthraj

OI used in any market prediction worked perfectly on Nify future and the same tool in conjunction with other tools worked this time imperfectly on Hindalco. Never mind. Futures and options on futures are any way favored from most traders here. May I ask: Why don't you trade Banknifty? To volatile or what is the reason.

Yes I don't like BANKNIFTY because there is a lot of speculation. The prediction through Options Chain for BANKNIFTY also does not work accurately because of Speculation. May be I can try Price movement and Trend to Trade BANKNIFTY. OR May be I have not figured out Yet on Howto Trade BANKNIFTY ?

What do I mean by Speculation?

When the NIFTY Strikes were in the Range of 100 and if somebody wanted to use Options to predict the Range they could say for example 6200-6300. So the speculation for the Range is 100. Now with 50 strikes, we might sometimes get the COI as 6250 - 6300. In NIFTY Options XX50 strikes are still not properly used.

Same is the case for BANKNIFTY. For example IF you look at the PE OI. The MAX PE OI at 10500 (370K). But there is equal OI at 10000PE also (317K). So we don't know when 10500 will become 10000. So it is very difficult to predict the Range in BANKNIFTY.

 

[SuperSaiyan]

Today not clear trend...
today i think it wil be bear day ...

bought 6200 PE at 34.5

Sl-M order 29 trigger pending

Looking at price action have feeling this one will turn into 70 so decided to Hold this one
if market today goes below 6280 will caryy forward this else dump at 3:28 :xD

Soemhting was not right.. closed the trade put @ 33.6

bought 6400 CE at 45
closed trade at 45.5

bought again put at 33
Sl-M order 29 trigger pending
Sl trigered ...

No more trades for today...
5 points loss today :xD cheers

Wtf happened ? play was right .... SL needs to be variable once trade is in profit... and be selfish take profit.
Sl should be darpan(coded)....i think this completes the system on which i was working

 

[healthraj]

As per OAT,

MAX COI @ 6300-6400 (same as Yesterday)

MAX OI @ 6200-6400 (Yesterday was 6200-6300)

Interpretations :

The NIFTY will not go below say 6275 since the MAX COI @ PE is at 6300.

MAX OI @ CE going to 6400 is also another bullish signal. So it would be better to Buy around 6280-6285.