NIFTY Options Trading by RAJ

[new2trade]

7311 was broken and so closed the Put and Holding the 7000-7500 Pair.

Still trading in the Hourly FLAG Range.

A clear Trend will Emerge only when the FLAG is broken. So as long as the it remains within the range of 7270 and 7380, there is no Directional trade... But If I get NIFTY around 7270/80, OR If it breaks 7350, I am thinking of Going Long... Hopefully the BIG MOVE might come on Monday....

Holding the 7000-7500 Pair for June series as suggested by you. What is the price we should book out ? Thanks

 

[healthraj]

Holding the 7000-7500 Pair for June series as suggested by you. What is the price we should book out ? Thanks

You can hold the pair for max profit as long as the MAX OI remains as 7000-7500. If there is a shift in the MAX OI then you can book your profits and move to the next pair. But normally for any Pair Selling at least a week is needed to get the profits

 

[new2trade]

You can hold the pair for max profit as long as the MAX OI remains as 7000-7500. If there is a shift in the MAX OI then you can book your profits and move to the next pair. But normally for any Pair Selling at least a week is needed to get the profits

I recovered some losses from 50K due to buying May put earlier and getting some profit.

Right now 75,000 is locked in this sold pair 7000-7500 as suggested by yourself. I have 25,000 plus some profit earned in that put bought earlier.
So what should I do with this balance that's free ? Thanks

 

[prabhsingh]

Nifty SPOT can go down to 7180 levels.

 

[healthraj]

I recovered some losses from 50K due to buying May put earlier and getting some profit.

Right now 75,000 is locked in this sold pair 7000-7500 as suggested by yourself. I have 25,000 plus some profit earned in that put bought earlier.
So what should I do with this balance that's free ? Thanks

It is your money so do as you like. If you are happy with the profits book the profits and move on with the next trade.

 

[toughard]

Nifty SPOT can go down to 7180 levels.

can you share more details on this comment

 

[prabhsingh]

can you share more details on this comment

7180 is 23.6 fib ratio from 5933 - 7564 levels hence SPOT can retrace atleast 23.6 ratio assuming fifth wave got finish at 7564 levels.
Here is the pic for same.

 

[toughard]

is anyone tracking MAX PAIN? is it 7200?

 

[TradeOptions]

Buy UPL 300 call at 11 ish target is 13 that's a 4 k profit.

prem, that UPL 300 call went on to touch 20 level before coming down :thumb:
good catch.

 

[TradeOptions]

is anyone tracking MAX PAIN? is it 7200?

toughard bro, I do not track max pain, but see if this can give u some idea - Nifty EOD yesterday data -

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