NIFTY Options Trading by RAJ

[singlap]

Is there any indication which is saying markets will go down to these levels raj ?

 

[healthraj]

Is there any indication which is saying markets will go down to these levels raj ?

Yes. In the hourly charts, the SELL signal has been there from Monday onwards but it is not going down... Now it is trading above R2. In the hourly Minor Trend Pivot and Major Trend R1 at 7640. Minor Trend Support and Major Trend Pivot at 7580.

Even if this Trend has to continue further, I think it will correct at least till the Major Trend Pivot which is at 7580 - Which is around 120 points from the current Levels.

 

[healthraj]

i took a bear spread....

Bought 7500pe @ 69 and sold 7400pe @ 46 - net flow or max risk is 23 points.

I will keep adding long puts if nifty spot goes below the following levels 7640, 7585 ...

sold 7800ce @ 117.

 

[healthraj]

Yes. In the hourly charts, the SELL signal has been there from Monday onwards but it is not going down... Now it is trading above R2. In the hourly Minor Trend Pivot and Major Trend R1 at 7640. Minor Trend Support and Major Trend Pivot at 7580.

Even if this Trend has to continue further, I think it will correct at least till the Major Trend Pivot which is at 7580 - Which is around 120 points from the current Levels.

From the Options Chain OI perspective

Calls Above 7700 - Short Build - Bearish
Calls Below 7700 - Long Unwind - Bearish
Puts Above 7700 - Short Build - Bearish
Puts Below 7700 - Long Build - Bullish

So overall it seems to be Bearish...

 

[anilnegi]

From the Options Chain OI perspective

Calls Above 7700 - Short Build - Bearish
Calls Below 7700 - Long Unwind - Bearish
Puts Above 7700 - Short Build - Bearish
Puts Below 7700 - Long Build - Bullish

So overall it seems to be Bearish...

Raj Bhai

Highest COI- 7600 put > 8000 call
highest OI- 7000 < 8000

negative changes in Calls.
Intrday can we say it is bullish,

anil

 

[healthraj]

The MAX OI has changed from 7000-8000 to 7500-8000. So that would mean the Bottom has been formed at 7500 for this month. So may be one has to look for 8000 and not 7000

 

[healthraj]

Raj Bhai

Highest COI- 7600 put > 8000 call
highest OI- 7000 < 8000

negative changes in Calls.
Intrday can we say it is bullish,

anil

I think two days back you asked a similar question. What I said did not work. So go with what you think? But as per the COI since 7600PE COI > 8000CE COI, it is Bullish signal...

 

[santhosh2010]

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[lemondew]

Raj,

Do you think nifty can come down to 7600 before budget day. As per my understanding it is likely to be between 7700 - 7780. After budget it can go 200-300 points any way.

 

[singlap]

Any analyses for these kind of numbers ? Please share.