NIFTY Options Trading by RAJ

[bapu4]

Hi Raj Bro,
Delighted to see your post!!I wanted to Know if you have shared the charting software thro which you have posted the above charts, if not can you share,if yes pl tall me where can i get it!
Regds

 

[prabhsingh]

Nifty SPOT targets are coming out to be 6581 (0.50 Fib) and 6733 (0.618) golden ratio.
We might see some lacklustre trading session at 6581 but if thats holded then 6700 seems to be next level.

Just looking at OI,it seems TataMotors is going to hold 410 SPOT levels and it can possibly touch 421 levels.Time to go LONG.

Any more charts,comments on Telco would be appreciated.

Not sure how many of you followed tata motors recommendation.It has given hefty returns.

Continous and consistently earning from market is definately possible.

 

[Option.Trader]

Not sure this thread is alive, if not I'll create a separate thread. Basically wanted to discuss ways to trade election results. May option indicate a 650 point swing. Also with vix increasing, any disappointment will be met with exgagerated movement. Previous cases Vix has topped out at 34 leading to a bottom forming out, at current trends this looks to be happening at around 7100-7200 levels. So how do we play, ideally you want to go in with a strangle, but with premiums at a high this is risky, thinking of time delayed strangles, your thoughts are welcome

 

[Somatung]

Not sure this thread is alive, if not I'll create a separate thread. Basically wanted to discuss ways to trade election results. May option indicate a 650 point swing. Also with vix increasing, any disappointment will be met with exgagerated movement. Previous cases Vix has topped out at 34 leading to a bottom forming out, at current trends this looks to be happening at around 7100-7200 levels. So how do we play, ideally you want to go in with a strangle, but with premiums at a high this is risky, thinking of time delayed strangles, your thoughts are welcome

@Option.Trader

Sure: Open a new thread, so Healthraj can move on with his topic and you can move on with your topic. Take care and I am eager to meet you in your new thread

 

[healthraj]

Not sure this thread is alive, if not I'll create a separate thread. Basically wanted to discuss ways to trade election results. May option indicate a 650 point swing. Also with vix increasing, any disappointment will be met with exgagerated movement. Previous cases Vix has topped out at 34 leading to a bottom forming out, at current trends this looks to be happening at around 7100-7200 levels. So how do we play, ideally you want to go in with a strangle, but with premiums at a high this is risky, thinking of time delayed strangles, your thoughts are welcome

OT,

Please go ahead and start a new thread. But my view after being away for 30 days is that most of the TJ folks are silent watchers who wants to only GET something FREE and not GIVE anything. If at all you get something back it would be Retrospective information which is of NO use or Some criticisms after you have taken a trade, saying you should not have done this or that or etc.. etc...

Anyways my FREE opinion is as follows.

1. First of all Election result is only around 15-May and so it would be dangerous to go for any strategy which would involve a BUY of Option.
2. As per price action, there is already a SELL in Weekly Future charts around 6830.
3. As per Daily and Monthly Futures charts the RESISTANCE is around 7000. In Monthly the second resistance is at 7700. (So some are hoping for 7700)
4. My current bias is DOWN till 6600
5. The INDIAVIX is trading at the high end of the Spectrum around 32. Anytime we can expect a drop in VIX

So my COSTLY Strategy using MAY-14 Series
SELL 6000-7000 (MAX OI) pair for 280 and buy 6800 PE for around 300. - Net outflow is 20.

6600 will be crucial level to watch.

At current levels, since the SELL is already LIVE from 6830, The TREND Changer is 6740 Futures. If 6740 breaks, then 6600 is the support. If at 6740 or 6600 the Trend changes to UP then close 6800 PE and buy a ATM/ITM CE which would be more or less around 280-300. NEVER BUY A OTM Option. BUY only ATM/ITM even if it is costly. With the VIX @ 30 the OTM Options are definitely going to Loose the premiums in a month. If at all somebody wants to buy OTM option, they should BUY when VIX is around 15.

Safe is to Trade near 7000. Will we get 7000? If you get 6950-7000, then it is a SURE SELL.

I will post the Daily, Weekly and Monthly Future Charts in the evening

 

[cloudTrader]

OT,

Please go ahead and start a new thread. But my view after being away for 30 days is that most of the TJ folks are silent watchers who wants to only GET something FREE and not GIVE anything. If at all you get something back it would be Retrospective information which is of NO use or Some criticisms after you have taken a trade, saying you should not have done this or that or etc.. etc...

I really second your views. Infact I can say that your patience should be appreciated a lot that you have contributed so much for so long without any expectation. :thumb: :clapping:

Regards.

 

[healthraj]

OT,

Please go ahead and start a new thread. But my view after being away for 30 days is that most of the TJ folks are silent watchers who wants to only GET something FREE and not GIVE anything. If at all you get something back it would be Retrospective information which is of NO use or Some criticisms after you have taken a trade, saying you should not have done this or that or etc.. etc...

Anyways my FREE opinion is as follows.

1. First of all Election result is only around 15-May and so it would be dangerous to go for any strategy which would involve a BUY of Option.
2. As per price action, there is already a SELL in Weekly Future charts around 6830.
3. As per Daily and Monthly Futures charts the RESISTANCE is around 7000. In Monthly the second resistance is at 7700. (So some are hoping for 7700)
4. My current bias is DOWN till 6600
5. The INDIAVIX is trading at the high end of the Spectrum around 32. Anytime we can expect a drop in VIX

So my COSTLY Strategy using MAY-14 Series
SELL 6000-7000 (MAX OI) pair for 280 and buy 6800 PE for around 300. - Net outflow is 20.

6600 will be crucial level to watch.

At current levels, since the SELL is already LIVE from 6830, The TREND Changer is 6740 Futures. If 6740 breaks, then 6600 is the support. If at 6740 or 6600 the Trend changes to UP then close 6800 PE and buy a ATM/ITM CE which would be more or less around 280-300. NEVER BUY A OTM Option. BUY only ATM/ITM even if it is costly. With the VIX @ 30 the OTM Options are definitely going to Loose the premiums in a month. If at all somebody wants to buy OTM option, they should BUY when VIX is around 15.

Safe is to Trade near 7000. Will we get 7000? If you get 6950-7000, then it is a SURE SELL.

I will post the Daily, Weekly and Monthly Future Charts in the evening

Charts as Promised. Trade at your own risk.


Daily Futures
As per Daily Trend, Hope there will be a bounce back around 6740. And a Buy signal is already generated today EOD. As per Daily charts 6984 is also possible

Weekly Futures SELL Generated Above 6856 (Last week)

Monthly Futures SELL Generated Above 6880 (today). As per monthly 7656 is also possible

 

[manishchan]

Hi Raj : What system is the chart from ? Is this MT4 ?

Charts as Promised. Trade at your own risk.


Daily Futures
As per Daily Trend, Hope there will be a bounce back around 6740. And a Buy signal is already generated today EOD. As per Daily charts 6984 is also possible

Weekly Futures SELL Generated Above 6856 (Last week)

Monthly Futures SELL Generated Above 6880 (today). As per monthly 7656 is also possible

 

[healthraj]

Hi Raj : What system is the chart from ? Is this MT4 ?

My own Excel System. Futures Data is from NSEIndia.com

 

[healthraj]

OT,

Please go ahead and start a new thread. But my view after being away for 30 days is that most of the TJ folks are silent watchers who wants to only GET something FREE and not GIVE anything. If at all you get something back it would be Retrospective information which is of NO use or Some criticisms after you have taken a trade, saying you should not have done this or that or etc.. etc...

Anyways my FREE opinion is as follows.

1. First of all Election result is only around 15-May and so it would be dangerous to go for any strategy which would involve a BUY of Option.
2. As per price action, there is already a SELL in Weekly Future charts around 6830.
3. As per Daily and Monthly Futures charts the RESISTANCE is around 7000. In Monthly the second resistance is at 7700. (So some are hoping for 7700)
4. My current bias is DOWN till 6600
5. The INDIAVIX is trading at the high end of the Spectrum around 32. Anytime we can expect a drop in VIX

So my COSTLY Strategy using MAY-14 Series
SELL 6000-7000 (MAX OI) pair for 280 and buy 6800 PE for around 300. - Net outflow is 20.

6600 will be crucial level to watch.

At current levels, since the SELL is already LIVE from 6830, The TREND Changer is 6740 Futures. If 6740 breaks, then 6600 is the support. If at 6740 or 6600 the Trend changes to UP then close 6800 PE and buy a ATM/ITM CE which would be more or less around 280-300. NEVER BUY A OTM Option. BUY only ATM/ITM even if it is costly. With the VIX @ 30 the OTM Options are definitely going to Loose the premiums in a month. If at all somebody wants to buy OTM option, they should BUY when VIX is around 15.

Safe is to Trade near 7000. Will we get 7000? If you get 6950-7000, then it is a SURE SELL.

I will post the Daily, Weekly and Monthly Future Charts in the evening

The 6000-7000 (MAX OI) pair SOLD at 280 Trading now at 241 - 39 points gain.
6800 PE bought at 300 now trading at 323 - 23 points gain.
Overall gain of 62 points.