NIFTY Options Trading by RAJ

[healthraj]

MAX OI @ 7500-7600
MAX Pain @ 7500. Pivot @ 7570.

In the lower timeframe, NIFTY is trading near the R1 @ 7548. Might test R2 @ 7586, which is also the Minor Trend resistance in Hourly charts.

At 7586, if there is a BO, then NIFTY might goto 7800 (R1) and/or 7890 (R2).
Otherwise it might test 7420.

Will close the pair 7550PE-7650CE @ 95/100 with 25/30 points profit. Right now it is with 20 points profit.

Waiting for 7540/50 to close the Pair Pair 7550PE-7650CE with 25 points

 

[healthraj]

Waiting for 7540/50 to close the Pair Pair 7550PE-7650CE with 25 points

NIFTY made high of 7580. I closed the positions with 28 points.

 

[healthraj]

In the Lower and hourly timeframe the Resistance has slightly shifted.

Lower timeframe R1 @ 7547, R2 @ 7572. Trend Resistance @ 7554
Hourly timeframe - Trend resistance @ 7567.

The morning the minor Trend Resistance (LTF) is already tested @ 7553. I will be watching 7567 SPOT Levels for BO. If no BO, then would be selling 7500-7600 Pair. Now the pair is trading at 105.

Sorry it was a Typo. I meant 7567 and 7657

7567 was broken and gave a 60+ point reward. NIFTY Made high of 7630.
MAX OI at 7500-7700. So I am go for a BEAR SPREAD. If the NIFTY goes down I will keep buying 7600 Puts.

SELL 7500PE @ 22.
BUY 7600PE @ 45.

Risk is 23 points.

At 7500 - Profit 4500
At 7450 - Profit 6800
At 7400 - Profit 8900

 

[anilnegi]

7567 was broken and gave a 60+ point reward. NIFTY Made high of 7630.
MAX OI at 7500-7700. So I am go for a BEAR SPREAD. If the NIFTY goes down I will keep buying 7600 Puts.

SELL 7500PE @ 22.
BUY 7600PE @ 45.

Risk is 23 points.

At 7500 - Profit 4500
At 7450 - Profit 6800
At 7400 - Profit 8900

Raj
what happened if market goes to
7600 and stays above it

 

[healthraj]

Raj
what happened if market goes to
7600 and stays above it

with 200 quantities the MAX Loss is 4800.

At 7700 the Loss is 2800. I will anyway close with stoploss of 20.

I have taken this trade for the Expiry also. since the Daily Pivot is at 7570 Futures now, it should Expire at lease 70 to 100 points from here (7670) If it corrects say till 7470, then I would have made my target.

 

[healthraj]

MAX Pain @ 7500.

MAX OI @ 7500-8000 - Seems to be back to Bullish
MAX COI @ 7600-7700 - Hope there will be tough fight for 7700.

In Lower timeframe there is a SELL generated above 7630
In the Hourly charts, The minor trend is still indicating a SELL above 7585. Need to see if Yesterday's BO is a real one ?

My Open position : BEAR Spread : Sold 7500PE @ 22. Bought 7600PE @ 46.

 

[healthraj]

MAX Pain @ 7500.

MAX OI @ 7500-8000 - Seems to be back to Bullish
MAX COI @ 7600-7700 - Hope there will be tough fight for 7700.

In Lower timeframe there is a SELL generated above 7630
In the Hourly charts, The minor trend is still indicating a SELL above 7585. Need to see if Yesterday's BO is a real one ?

My Open position : BEAR Spread : Sold 7500PE @ 22. Bought 7600PE @ 46.

MAX OI @ 7500-7800. MAX COI @ 7600-7800. So today 7600 SPOT might not break down, which means it would be a BUYing opportunity around 7590

 

[anilnegi]

MAX Pain @ 7500.

MAX OI @ 7500-8000 - Seems to be back to Bullish
MAX COI @ 7600-7700 - Hope there will be tough fight for 7700.

In Lower timeframe there is a SELL generated above 7630
In the Hourly charts, The minor trend is still indicating a SELL above 7585. Need to see if Yesterday's BO is a real one ?

My Open position : BEAR Spread : Sold 7500PE @ 22. Bought 7600PE @ 46.

Raj bhai

just for you inf pls

Max OI is - 7800-7500
Max COI is - 7600-7800

will it make any difference in your trade.

anil negi

 

[healthraj]

Raj bhai

just for you inf pls

Max OI is - 7800-7500
Max COI is - 7600-7800

will it make any difference in your trade.

anil negi

The interpretation could be as follows. Since NIFTY is around 7640 and the MAX COI is around 7600-7800, it indicates a FLAT session. For any real action the MAX COI needs to be close around say 7600-7700 or 7500-7600. So this is time for consolidation and good for people who are selling options.

 

[healthraj]

MAX OI @ 7500-7800. MAX COI @ 7600-7800. So today 7600 SPOT might not break down, which means it would be a BUYing opportunity around 7590

NIFTY cracked down suddenly as expected. Will be watching the 7590 SPOT levels and Take a decision accordingly. if 7590 breaks and goes down, then will hold my BEAR SPREAD.