NIFTY Options Trading by RAJ

[stock72]

This should make good the remaining loss (recovered some from 50k earlier with help from Raj and stock72) Thanks
I'll hold this 8000CE July as I got it at a good price of 23/- today.

y u r pm not working ?

as far as options are concerned we always gets cheaper when ever required.
toM rbi policy ..

when u got good profit say 69 rs ( as you bot at 23 ) sell it and wait for next chance -- IMO

 

[healthraj]

6800-7300 Pair is with 11 points profit.

The MAX OI has become once again 7000-7500.
But 6800 and 7000 Strike has more or less the SAME OI.

As per the Lower timeframe if there is BO at 7260, will close this position and go for a different pair. If there is a BD at 7225 then will hold this position

15:30 PM : 6800-7300 Pair closed with 25 points profit and the position is still open

Closed the Positions 6800-7300 with 15 points profit since there was a BO at 7260.

And SOLD 7000PE-7500CE @ 76. Bought 7300CE @ 100. Net outflow was 25.
End of the Day Closed the positions with 50 points profit.

MAX OI still at 7000-7500 and the COI was changed to 7300-7700.

In the Daily Futures chart, The Pivot for the MAJOR Trend is at 7286 and the PIVOT for the Minor Trend is at 7376.

End of the Day since the MAX OI was 7300-7700, I have also sold the same pair @ 100. There might be some more UP side left Say till 7420, which might be tested tomorrow. As per the Hourly charts, if Minor Trend RESISTANCE is at 7335 and the Support at 7232. So if 7335 is broken down then will close the 7300-7700 Pair.

In the Lower timeframe , it is Trending UP, And for the downtrend, NIFTY Futures need to come below 7345.

 

[new2trade]

y u r pm not working ?

as far as options are concerned we always gets cheaper when ever required.
toM rbi policy ..

when u got good profit say 69 rs ( as you bot at 23 ) sell it and wait for next chance -- IMO

Pm is working, maybe it was not working earlier.

You think 8000CE July can get to 69 tomorrow ? That would be great!
You think RBI will cut rates?

 

[new2trade]

Closed the Positions 6800-7300 with 15 points profit since there was a BO at 7260.

And SOLD 7000PE-7500CE @ 76. Bought 7300CE @ 100. Net outflow was 25.
End of the Day Closed the positions with 50 points profit.

MAX OI still at 7000-7500 and the COI was changed to 7300-7700.

In the Daily Futures chart, The Pivot for the MAJOR Trend is at 7286 and the PIVOT for the Minor Trend is at 7376.

End of the Day since the MAX OI was 7300-7700, I have also sold the same pair @ 100. There might be some more UP side left Say till 7420, which might be tested tomorrow. As per the Hourly charts, if Minor Trend RESISTANCE is at 7335 and the Support at 7232. So if 7335 is broken down then will close the 7300-7700 Pair.

In the Lower timeframe , it is Trending UP, And for the downtrend, NIFTY Futures need to come below 7345.

Do you feel RBI will cut rates ? Does it look positive for tomorrow and this week ? Thanks

 

[healthraj]

I bought 8000CE Jul at 23/- today. Do you think I can get some profits tomorrow or in the week? Thanks

Trade with a Stoploss of with some Levels so that you can protect your profit. When you say you have bought @ 23, that means you have bought when NIFTY was trading at the Highs. So watch 7330/35 Futures Levels, If it breaks down then close your 8000CE.

In my rules it is clearly told not to buy the Strike where there is MAX OI.

In JUL-14 Series, the MAX OI is at 7000PE-8000CE and so they are the candidates for SELLING and not buying.... You could have bought 7900CE.

 

[healthraj]

Pm is working, maybe it was not working earlier.

You think 8000CE July can get to 69 tomorrow ? That would be great!
You think RBI will cut rates?

I think you can become a Magician. I don't know how OTM 8000CE which is trading at 23 can become 69.

With the current Implied Volatility of around 13.7 for 8000CE, 69 will be reached only when NIFTY goes to around 7600. (Which is possible, I am not syaing it is not possible). But 7600 is not visible in the Lower timeframe or Hourly charts.

So my answer is that 8000CE will not touch 69 tomorrow.

RBI might not cut the Rates but might give some +ve signal. Now Since there is a +Ve signal, People might jump to Buy and that is where the Instituitions might OFF Load their stocks and PRESS the SELL Button...

NIFTY has reached 7500 not because of any fundamental reason. It is purely because of Speculation and Technicals. Modi government cannot do any magic to turn the GDP from 3% to 8%. They will have to take their own time.

So technically speaking, there is a SELL signal in Daily charts above 7550 Futures and NIFTY Tested the Pivot at 7286 and has bounced back technically. For a Clean UP move it needs to bottom out and the bottom will come at around 7000.

 

[stock72]

no where i mention tomorrow it will be 69 ( may be too ).. what iam saying in want of handsome return and waiting till end June i request you to look for some chances to exit with good profit like when it jump to thrice or twice of your purchase price and wait for next chance ..

Pm is working, maybe it was not working earlier.

You think 8000CE July can get to 69 tomorrow ? That would be great!
You think RBI will cut rates?

y u r pm not working ?

as far as options are concerned we always gets cheaper when ever required.
toM rbi policy ..

when u got good profit say 69 rs ( as you bot at 23 ) sell it and wait for next chance -- IMO

 

[prabhsingh]

In case of Rcom,any upmove above 150 will take it towards 165 levels.

 

[prabhsingh]

Buy HeroMotoCO for excellent results in coming days.

 

[msa5678]

End of the Day since the MAX OI was 7300-7700, I have also sold the same pair @ 100.

You mean to say MAX COI was 7300-7700. Or am I missing something. And I assume u have bought 7400 ce around 100. I have been doing paper trading on this concept. Want to start real trading after a couple of trades.

Regards,
MSA