NIFTY Options Trading by RAJ

[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.

The Levels have moved a bit

if 7620 SPOT is broken on the UP side then I will take it as confirmation for this long and will hold 7800CE

If 7620 is not broken and Goes down and if support comes around 7554/21 Futures then I will use it to Average my positions. Otherwise close the 7800CE and go for Long Puts

 

[anilnegi]

The Levels have moved a bit

if 7620 SPOT is broken on the UP side then I will take it as confirmation for this long and will hold 7800CE

If 7620 is not broken and Goes down and if support comes around 7554/21 Futures then I will use it to Average my positions. Otherwise close the 7800CE and go for Long Puts

Raj

How much time nifty will stay in a range for indicating support or resistance.

anil negi

 

[healthraj]

The Levels have moved a bit

if 7620 SPOT is broken on the UP side then I will take it as confirmation for this long and will hold 7800CE

If 7620 is not broken and Goes down and if support comes around 7554/21 Futures then I will use it to Average my positions. Otherwise close the 7800CE and go for Long Puts

NIFTY not able to cross 7620 and moved down from there to 7490. At this level it would be a Buy. So people who want to take risk can Buy at this levels.

In the Daily Futures Charts also BUY triggered between 7547 (Major Support 2) and 7496 (Minor Trend Support).

I closed my 7800CE when NIFTY was not able to cross 7620 with 5 points loss and went for 7600PE @ 125 and Closed 7600 PE @ 165 - 40 points.

Now Buying 7800 CE @ 28 and 7600CE @ 85

 

[healthraj]

NIFTY not able to cross 7620 and moved down from there to 7490. At this level it would be a Buy. So people who want to take risk can Buy at this levels.

In the Daily Futures Charts also BUY triggered between 7547 (Major Support 2) and 7496 (Minor Trend Support).

I closed my 7800CE when NIFTY was not able to cross 7620 with 5 points loss and went for 7600PE @ 125 and Closed 7600 PE @ 165 - 40 points.

Now Buying 7800 CE @ 28 and 7600CE @ 85

Closed 50% of 7600CE @ 110

 

[healthraj]

NIFTY not able to cross 7620 and moved down from there to 7490. At this level it would be a Buy. So people who want to take risk can Buy at this levels.

In the Daily Futures Charts also BUY triggered between 7547 (Major Support 2) and 7496 (Minor Trend Support).

I closed my 7800CE when NIFTY was not able to cross 7620 with 5 points loss and went for 7600PE @ 125 and Closed 7600 PE @ 165 - 40 points.

Now Buying 7800 CE @ 28 and 7600CE @ 85

Crossed the Pivot and so the Next resistances are R1@ 7574, R2 @ 7606 in the LTF.

In the hourly charts, the Minor Trend Resistance is at 7582. The Major Support 1 @ 7620

 

[healthraj]

Tomorrow We have the INFY Results.

INFY has been in the last one year moving against the market. So it was used more as a Defensive stock. Or we can say it was going with the USDINR.

As per the Daily Future Charts, R2 @ 3379, R1 @ 3260, Pivot @ 3142, S1@3023 and S2@2904.

Today MAX COI and OI at 3200-3500.

The VOLT is not very high and so it might not favor sellers this time.

The overall OI indicates a SELL.

So one can Buy 3300 Put.

One can also SELL the pair 3200-3500 @ 125 now. The Premiums of 3200PE and 3500CE is more or less same.

 

[healthraj]

NIFTY not able to cross 7620 and moved down from there to 7490. At this level it would be a Buy. So people who want to take risk can Buy at this levels.

In the Daily Futures Charts also BUY triggered between 7547 (Major Support 2) and 7496 (Minor Trend Support).

I closed my 7800CE when NIFTY was not able to cross 7620 with 5 points loss and went for 7600PE @ 125 and Closed 7600 PE @ 165 - 40 points.

Now Buying 7800 CE @ 28 and 7600CE @ 85

Closed 50% of 7600CE @ 110

Crossed the Pivot and so the Next resistances are R1@ 7574, R2 @ 7606 in the LTF.

In the hourly charts, the Minor Trend Resistance is at 7582. The Major Support 1 @ 7620

Closed 7600CE @ 132.35 - 47 points profit

Closed 50% of 7800CE @ 55 Holding the Rest 50%

Breakout in LTF... R1 in Hourly charts is also broken

 

[healthraj]

Closed 7600CE @ 132.35 - 47 points profit

Closed 50% of 7800CE @ 55 Holding the Rest 50%

Breakout in LTF... R1 in Hourly charts is also broken

Closed all my positions now..

So totally

40 points in 7600 Puts

47 points in 7600 Call - Closed a bit early

41 points 7800 Call.

Looking at the LTF I think there might be one more SELL. SO I don't want to Take a Chance and so closing the Positions and taking the profit.

 

[healthraj]

Tomorrow with INFY results in the picture, Either way if the RESULTS are not good it might bring the market down. So better to be cautious on Longs and Book the profits and go home happy.

 

[healthraj]

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

Since the VIX went down by more than 10% the 7500-8000 Pair is also in profit of 60 points.