NIFTY Options Trading by RAJ

[toughard]

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

thanks... but did not understood with out headings...

 

[TradeOptions]

thanks... but did not understood with out headings...

I think that headings that you are looking for, are given on the right hand side, which tells about OI, Vol etc.

 

[healthraj]

Since the Major Pivot in the hourly chart is around 7390 and the minor Pivot is around 7290. the expiry for MAY-14 could between 7290 to 7390 Levels. So IF I Get NIFTY Around 7190, I will Close the SELL of 6700-7500 and would be taking a Fresh SELL of say 7200-7600 in JUN-14 series

The minor Trend Resistance is at 7330. So if there is a breakout at 7330 it can goto 7390. The breakdown can happen at 7295 and can goto 7133.

The MAX OI for MAY-14 Series is change from 7000-8000 to 7000-7400, which is in line with my above Levels.

The MAX COI is at 7150-7400. So 7400 Seems to be the top for this expiry and the bottom could be 7150. The expiry could be between 7150 to 7400

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....

So where would NIFTY Expire tomorrow ?

NIFTY Normally expires near the PIVOT.

In the Lower timeframe the Pivot is at 7330.
In the hourly charts the Pivot is at 7421
In the DAILY charts the Pivot is at 7214.
MAX Pain at 7200.

Signals
Daily- SELL Above 7507 - Double top
Hourly - SELL Above 7500
Lower timeframe - FLAT

Will it expire around the Daily Pivot (7214) or the Hourly Pivot (7421) ?

 

[healthraj]

So where would NIFTY Expire tomorrow ?

NIFTY Normally expires near the PIVOT.

In the Lower timeframe the Pivot is at 7330.
In the hourly charts the Pivot is at 7421
In the DAILY charts the Pivot is at 7214.
MAX Pain at 7200.

Signals
Daily- SELL Above 7507 - Double top
Hourly - SELL Above 7500
Lower timeframe - FLAT

Will it expire around the Daily Pivot (7214) or the Hourly Pivot (7421) ?

For tomorrow, In the Lower timeframe the RESISTANCE is at 7340 and Support is 7320. As long as NIFTY is between 7320 and 7340, NIFTY might expire around 7330.

If there is a BO at 7340, You might see 7420
If there is a BD at 7320, you might see 7220.

So a strategy using MAY-14 Options, which might work tomorrow - ONLY for Risky players.

SELL 7200PE-7400CE @ 8
BUY 7300PE-7350CE @ 32

Net outflow is 24. If there is a BO/BD it might end in Profit otherwise it would be a loss of 24 points.

 

[timepass]

For tomorrow, In the Lower timeframe the RESISTANCE is at 7340 and Support is 7320. As long as NIFTY is between 7320 and 7340, NIFTY might expire around 7330.

If there is a BO at 7340, You might see 7420
If there is a BD at 7320, you might see 7220.
.....If there is a BO/BD it might end in Profit otherwise it would be a loss of 24 points.

Today was a narrow range day. I am sure that there will be a breakout/breakdown tomorrow.

 

[TradeOptions]

Today was a narrow range day. I am sure that there will be a breakout/breakdown tomorrow.

I too think that there is a high probability of that kind of move tomorrow. We might even see a good fight from the camps of bulls and bears, as happened on 26 May.

 

[SexyTrader]

I feel we may see 7420-7421 today :thumb: I think the market is not willing to go down as there is a lot of positive sentiment around

 

[Somatung]

I feel we may see 7420-7421 today :thumb: I think the market is not willing to go down as there is a lot of positive sentiment around

Dear man: Did the market ever care about your opinion? or even others?

 

[nirav_j]

Dear man: Did the market ever care about your opinion? or even others?

never cares about my "opinion" ....

 

[Somatung]

never cares about my "opinion" ....

Any idea how we can f u c k up any market to go it the way we wanna go it the way we want it at any time in any place in the world? :lol: