NIFTY Options Trading by RAJ

[healthraj]

In the Lower Timeframe and Hourly charts NIFTY triggered a SELL signal above 7530 SPOT. MAX OI still 7000-7500.

I have sold 7000-7500 @ 125. Bought 7600PE @ 135. Net outflow of 10.

If you do not understand the OI, Please follow what you understand. It is never proved whether Price follows Options or Options follows Price.

For Example the MAX OI has been at 7000-7500 for the past 20 days in the JUN-14 Series. So it indicates the support at 7000 and the Resistance at 7500. So when the RESISTANCE is at 7500, you have to expect NIFTY To Test 7500.

So it depends what you are watching.

You can watch MAX COI to play for Intraday. Now the MAX COI is at 7400-7550. Which indicates for today 7550 might act as the Resistance and 7400 will be support.

On Wednesday for example the MAX COI was at 7400-7400 indicating a breakout at 7400.

MAX does not mean the Greater positive value. MAX means where the MAX Addition or subtraction is happening. Today for example @ 7550 the value is Negative.

MAX COI changed to 7500-7550. So that means may be 7500 will not break down today. As per the Lower timeframe the Minor Trend support is at 7484. So today may be it might bounce around 7484 SPOT.

 

[LivetoTrade]

I see the Max Pain shifted to 7400 today ? That means 7400 is support right? I bought 7400PE July thinking if 7375 spot comes, we can book profits at 170/ ? Thats a good 60 points from current level

You mean the pivot remains at 7375 but Max Pain keeps shifting around ?

How did you get to this calculation :-O

 

[lemondew]

Would you buy in the money calls if any resistance is broken on the upside.?

In the Lower Timeframe and Hourly charts NIFTY triggered a SELL signal above 7530 SPOT. MAX OI still 7000-7500.

I have sold 7000-7500 @ 125. Bought 7600PE @ 135. Net outflow of 10.

 

[angira]

Raj,
I've closed pair 6800ce-pe which i have sold@ 609. spot nifty above 7500 so bought pair@738. so -129 point Loss.
But the pair available yesterday morning before 10 am near 585. I have not closed it yesterday but if i've closed it then minimum i could get 20 points.

Angira...

 

[Options_Trader]

If you do not understand the OI, Please follow what you understand. It is never proved whether Price follows Options or Options follows Price.

For Example the MAX OI has been at 7000-7500 for the past 20 days in the JUN-14 Series. So it indicates the support at 7000 and the Resistance at 7500. So when the RESISTANCE is at 7500, you have to expect NIFTY To Test 7500.

So it depends what you are watching.

You can watch MAX COI to play for Intraday. Now the MAX COI is at 7400-7550. Which indicates for today 7550 might act as the Resistance and 7400 will be support.

On Wednesday for example the MAX COI was at 7400-7400 indicating a breakout at 7400.

MAX does not mean the Greater positive value. MAX means where the MAX Addition or subtraction is happening. Today for example @ 7550 the value is Negative.

Hey Raj,

I think you misunderstood. Ultimately long term results matter. If you are able to consistently make money then it works.

 

[prabhsingh]

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.

Not sure you still holding or not but you could have made excellent gains as you had bought bulk quantity.

 

[healthraj]

Not sure you still holding or not but you could have made excellent gains as you had bought bulk quantity.

MAY-14 Series closed around 7230 - Daily Pivot. In the Daily charts there was a SELL signal. But in the Hourly charts it was giving a BUY signal around 7230. But I am not sure how many would have dared to take a LONG Call when the Daily charts was saying a SELL. The Confirmation to Long can only around 7375, when there was a breakout on the UP Side in the hourly charts.

But at 7230, it was 50-50 since 7220 was the Pivot in the Daily charts and it could have gone either way.

So looking at it retrospectively after one week is very easy.

 

[healthraj]

In the Lower Timeframe and Hourly charts NIFTY triggered a SELL signal above 7530 SPOT. MAX OI still 7000-7500.

I have sold 7000-7500 @ 125. Bought 7600PE @ 135. Net outflow of 10.

Closed the positions with 20 points loss

 

[prabhsingh]

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.

MAY-14 Series closed around 7230 - Daily Pivot. In the Daily charts there was a SELL signal. But in the Hourly charts it was giving a BUY signal around 7230. But I am not sure how many would have dared to take a LONG Call when the Daily charts was saying a SELL. The Confirmation to Long can only around 7375, when there was a breakout on the UP Side in the hourly charts.

But at 7230, it was 50-50 since 7220 was the Pivot in the Daily charts and it could have gone either way.

So looking at it retrospectively after one week is very easy.

Very true.
But since i closed my 8000CE July position hence mentioned it here.So it was more about telling own position.

Do remember 8000 SPOT price is also coming out to be 1.618 Fib ratio.Any decline should be taken as an opportunity to go Long in next July series.

 

[lemondew]

Some one yesterday told me its going to make new intraday high and then come down. Not sure lets see.:clapping: