NIFTY Options Trading by RAJ

[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.

The positions are in overall 21 points profit. Will close it when I get some 25 points profit. NIFTY might bounce back from the Pivot at 7674. so better to take profits.

Closed 7800CE @ 98 - with 19 points profit. Will Sell again on Highs

 

[healthraj]

The positions are in overall 21 points profit. Will close it when I get some 25 points profit. NIFTY might bounce back from the Pivot at 7674. so better to take profits.

Closed 7800CE @ 98 - with 19 points profit. Will Sell again on Highs

As expected NIFTY Spot bounced back from the Pivot at 7674. (Low of 7666 I think). From here it is better to wait to take the trade.

From the hourly charts, it can either go back and Test the Resistance once again @ 7756 or can goto 7611.

Major Trend is DOWN and minor Trend is UP. If one gets NIFTY around 7756, it would be a SELL once again

 

[healthraj]

The positions are in overall 21 points profit. Will close it when I get some 25 points profit. NIFTY might bounce back from the Pivot at 7674. so better to take profits.

Closed 7800CE @ 98 - with 19 points profit. Will Sell again on Highs

Sold 7800CE @ 126 and Bought 7700PE @ 114 - My bias is down as NIFTY is once trading near the Resistance at 7750.

My total open positions.

Bought 7500PE @ 69 - Sold 7400PE @ 46 - Combined loss is 4 points - This is a Limited loss limited profit Strategy.
Sold 7800CE @ 126 and Bought 7700PE @ 114 - Combined loss is 8 points - This is an aggressive strategy.

 

[anilnegi]

Sold 7800CE @ 126 and Bought 7700PE @ 114 - My bias is down as NIFTY is once trading near the Resistance at 7750.

My total open positions.

Bought 7500PE @ 69 - Sold 7400PE @ 46 - Combined loss is 4 points - This is a Limited loss limited profit Strategy.
Sold 7800CE @ 126 and Bought 7700PE @ 114 - Combined loss is 8 points - This is an aggressive strategy.

Raj, what levels you see if nifty breaks 7750 and manage to close above that,

anil

 

[healthraj]

Raj, what levels you see if nifty breaks 7750 and manage to close above that,

anil

It would be around 120 points from 7750, since the Standard deviation in Daily charts is 120 points. So if it breaks 7750, it might goto 7870 on the UP side and on the downside, it might goto 7630.

 

[parmit]

Sold 7800CE @ 126 and Bought 7700PE @ 114 - My bias is down as NIFTY is once trading near the Resistance at 7750.

My total open positions.

Bought 7500PE @ 69 - Sold 7400PE @ 46 - Combined loss is 4 points - This is a Limited loss limited profit Strategy.
Sold 7800CE @ 126 and Bought 7700PE @ 114 - Combined loss is 8 points - This is an aggressive strategy.

raj bro,

what could be d max profit in ur bear spread of 7500 pe and 7400 pe... and at which level

 

[lemondew]

Drawing analogy with election results. Moved from 6850 and closed at 7300. Guess it was around 7100 before the result day. After result it went to 7500 for an hour and then back to 7300. Here again it started by going down and its going up.

Any analyses for these kind of numbers ? Please share.

 

[healthraj]

MAX COI @ 7300-8000 - Indicating a FLAT session
MAX OI @ 7500-8000.

The INDIA VIX has risen by 5% indicating a BIG Move is in Waiting... Looking at the LTF, HTF, Weekly charts - All indicating a SELL...

Daily Charts however indicates that the Resistance is at 7870/90 Futures... Assuming it could goto 7890, It is better to keep a Watch on 7750/60 Futures - 2% away from 7890.

 

[healthraj]

raj bro,

what could be d max profit in ur bear spread of 7500 pe and 7400 pe... and at which level

The loss is limited to 23 points. But the profit is not necessarily limited but it is not huge also. At 7450 the Profit is around 23 points. At 7250 the profit is 45 points..

 

[lemondew]

Defensive gaining IT up 1.83, pharma up 0.67. No clue how to interpret it. would people lighten on the non defensive ones before the budget. May be then there could be a dip before the budget day. VIX has gained for the budget day.