NIFTY Options Trading by RAJ

[healthraj]

MAX COI @ 7000-8000 - So there is a speculation for 7000 also now.

MAX OI still at 7500-8000

The VIX has come down by 5%. So I think the Strangle or Straddles should work this time, we can expect some Volatility tomorrow.

Today in LTF the Minor Trend / FLAG was broken at 7598 and so I think we will see 7540 or 7510, Which can be utilized to BUY.

In the Daily Futures Chart the Minor Trend support will come at 7545. Normally the Daily Support 2 is not broken so easily.

For Strategies, Please wait for 7540/10 SPOT and Buy 7900CE and 7300PE.

7900CE and 7300PE Trading approximately at 35

 

[healthraj]

MAX COI @ 7000-8000 - So there is a speculation for 7000 also now.

MAX OI still at 7500-8000

The VIX has come down by 5%. So I think the Strangle or Straddles should work this time, we can expect some Volatility tomorrow.

Today in LTF the Minor Trend / FLAG was broken at 7598 and so I think we will see 7540 or 7510, Which can be utilized to BUY.

In the Daily Futures Chart the Minor Trend support will come at 7545. Normally the Daily Support 2 is not broken so easily.

For Strategies, Please wait for 7540/10 SPOT and Buy 7900CE and 7300PE.

7900CE and 7300PE Trading approximately at 35

Aggressive Traders can Buy only 7800CE/7900CE

 

[healthraj]

MAX COI @ 7000-8000 - So there is a speculation for 7000 also now.

MAX OI still at 7500-8000

The VIX has come down by 5%. So I think the Strangle or Straddles should work this time, we can expect some Volatility tomorrow.

Today in LTF the Minor Trend / FLAG was broken at 7598 and so I think we will see 7540 or 7510, Which can be utilized to BUY.

In the Daily Futures Chart the Minor Trend support will come at 7545. Normally the Daily Support 2 is not broken so easily.

For Strategies, Please wait for 7540/10 SPOT and Buy 7900CE and 7300PE.

7900CE and 7300PE Trading approximately at 35

I had bought 7600PE @ 124 and closed 50% now at 144 with 20 points. Will wait for 7540 and keeping 144 as the Stoploss

 

[healthraj]

NIFTY Did not goto 7540 but bounced back at LTF Pivot at 7565.

I bought 7800CE @ 55. If NIFTY goes to 7540 today or tomorrow I will average my 7800CE positions.

Not going for any strategy this time for the following reasons
- Am not putting huge money into the 7800CE
- HTF is trading below the Support 2 @ 7601
- In Daily Futures Charts, Trading below Support 1 @ 7669 and Trading near the Support 2 / Minor Trend Support @ 7545.
- Finally I think like the Railway budget the General budget will be tough and will not have too many popular measures and would be targeted towards growth.

 

[healthraj]

How to go about tomorrow ?

Tomorrow if 7630 SPOT is broken on the UP side then I will take it as confirmation for this long and will hold 7800CE

If 7630 is not broken and Goes down and if support comes around 7550/30 Futures then I will use it to Average my positions. Otherwise close the 7800CE and go for Long Puts.

 

[singlap]

Most probably the two days fall can be attributed to 2 factors :-

a. Global markets are down and hence we are following them , as usual.

b. Lots and lots of bullish positions were created in the system and big players / market makers have trapped them all yesterday and also frustrated them today. See the extent of bullishness yesterday by all TV gurus , economic times front page etc - one can only think of 8000 or 8000 plus till yesterday morning and hence this so called market makers crashed the markets.

Nothing bad as such in Railway budget or otherwise. Seems to be pure manipulation and tomorrow again there can be a play of (anybody's guess)
+ - 200 points and ultimately the event is over.

Hardly any rise in IVs also suggest that the major play of event is almost over.

Let's see.

 

[new2trade]

How to go about tomorrow ?

Tomorrow if 7630 SPOT is broken on the UP side then I will take it as confirmation for this long and will hold 7800CE

If 7630 is not broken and Goes down and if support comes around 7550/30 Futures then I will use it to Average my positions. Otherwise close the 7800CE and go for Long Puts.

Tomorrow as a strategy, can we SELL 7600PE-7900CE Pair in the morning before budget and book profits in this pair as soon as budget announced? Thanks

 

[healthraj]

Tomorrow as a strategy, can we SELL 7600PE-7900CE Pair in the morning before budget and book profits in this pair as soon as budget announced? Thanks

Yes you can sell. I would rather suggest to SELL 7500PE and 7900CE rather than 7600PE. But a keep an eye on Volatility. If the India VIX rises more than say 5% then it would be better to close the pair

 

[new2trade]

Yes you can sell. I would rather suggest to SELL 7500PE and 7900CE rather than 7600PE. But a keep an eye on Volatility. If the India VIX rises more than say 5% then it would be better to close the pair

Is it because 7500 is strong support ? How many points of profit can we expect in this 7500PE-7900CE pair if things go in our favour ? Thanks

 

[healthraj]

MAX COI at 7300-7600 indicating Bearishness

MAX OI 7500-8000

Total COI @ Call side is 10.7 Lakhs and Put side is 9.7 Lakhs - indicating once again Bearishness.

For An UP move 7600 SPOT needs to be broken

For a DOWN Move 7550 SPOT needs to be broken

7500 Strike is indicating Bullish