NIFTY Options Trading by RAJ

[nirav_j]

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:

Will send you a PM the day I figure it out and get that idea

 

[BabaMagic]

Nifty expiry closing will be below 7378.

 

[Somatung]

Nifty expiry closing will be below 7378.

Thats a word dear BabaMagic. and probably not the worst.

 

[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.

MAX Pain is at 7300. So we might not see a BO / BD today.

 

[stock72]

never cares about my "opinion" ....

but it cares my words .............. in the opposite side :rofl::rofl:

 

[healthraj]

I don't recommend any Naked calls or Puts.

My recommendation would be first of all to Trade in Jun-14 Series.

The MAX Pain is at 7200. So normally NIFTY would test the MAX Pain at least once. So there is a good chance of 7200 being hit again.

So SELL THE MAX OI Pair which is 7000PE-7500CE @ 118. For 1 lakh I think you can sell max 4 lots of each. ie 200 Qty.

If you want to take risk then BUY 200 QTY of 7300 PE @ 119. So your netflow is 1. But try to buy so that your difference between SELL and Buy is around 10 points.

NOTE : I have closed my previous positions for 10 points and would entering this trade... As long as 7330 is not broken, I will stick to this trade. If 7330 is broken then I have to change Long Put to Long Call. But the Pair of 7000-7500 Will remain the same as long as the MAX OI is at 7000-7500. Yesterday it was 6800-7500 and Today it is 7000-7500. So there is a 200 point movement which is a Bullish signal. But since in the minor Trend the RESISTANCE is around 7330, I am taking a DOWN bias...

I will be closing the pair 7000-7500 today and going for a new one when the MAX OI changes. Looking at the MAX COI, I think the MAX OI will change to 6800-7400. Currently the 7000-7500 is trading at a premium of 88, with profit of 28 points.

 

[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) ?

MAX Pain is at 7300. So we might not see a BO / BD today.

The Pivot in Daily Charts has moved from 7214 to 7268. So I think NIFTY might expire around 7270 Levels, which would also be in accordance with the new MAX Pain at 7300.

Since in the Lower timeframe the Yesterday's Support at 7320 is broken, I think we will see 7270 today. That is a reward of 50 points for any support or Resistance being broken.

 

[new2trade]

I will be closing the pair 7000-7500 today and going for a new one when the MAX OI changes. Looking at the MAX COI, I think the MAX OI will change to 6800-7400. Currently the 7000-7500 is trading at a premium of 88, with profit of 28 points.

Thanks Raj, I will close the pair 7000-7500 today as advised by you.

 

[healthraj]

Thanks Raj, I will close the pair 7000-7500 today as advised by you.

Let us know if you have learnt the strategy.

As the Proverb says "Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime"

 

[yan]

from nxt week where we can expect nifty goes lower level of 7200 or 7300+