NIFTY Options Trading by RAJ

[healthraj]

In the hourly charts, the Pivot is at 7720, which might act as the Resistance. So trade Longs if there is a breakout above 7720.

 

[healthraj]

What is the view on budgets? My view was that there was lot of talking but not any concrete plans. It is not a WoW budget

 

[healthraj]

In the hourly charts, the Pivot is at 7720, which might act as the Resistance. So trade Longs if there is a breakout above 7720.

IF NIFTY breaks down below 7685, then it is a confirmation of a SELL once again

 

[healthraj]

In the hourly charts, the Pivot is at 7720, which might act as the Resistance. So trade Longs if there is a breakout above 7720.

7720 acted as the Resistance and now trading at 7650. 70 points correction

 

[healthraj]

In the hourly charts, the Pivot is at 7720, which might act as the Resistance. So trade Longs if there is a breakout above 7720.

IF NIFTY breaks down below 7685, then it is a confirmation of a SELL once again

So it seems like the Entire UP move is being erased...
Good for those who booked profits at 7700 Levels

 

[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.

Status check on INFY...

MAX OI and COI now at 3000-3500. So it has moved down from 3200 to 3000. so 3000 is also possible..

The VOLT is Fine... no very high... I am going for 3200 PE @ 68

 

[healthraj]

NIFTY is trying to form a double bottom I think in the hourly charts. So those who are willing to Take a risk can Go Long around 7530/50 Levels

 

[healthraj]

Status check on INFY...

MAX OI and COI now at 3000-3500. So it has moved down from 3200 to 3000. so 3000 is also possible..

The VOLT is Fine... no very high... I am going for 3200 PE @ 68

Closed 3200 PE @ 84.6

 

[healthraj]

What happened to the TJs? I realized at 3:20 that I was the only person active the diary section?

 

[healthraj]

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.

One of the best days for me. Almost all the levels worked for me today... In the morning I was expecting the market to Go Up. But since 7620 could not be crossed, from there on all the levels worked... And some 16 points in INFY Options also.... So totally captured around 150 points in Options... Could have captured another 40 points when the market was coming down... But I was happy just watching

In the month of July, 11 Trades, 8 with Profit, 3 with losses... Average Profit of 35 points and Average loss of 11 points. Totally made 251 points in Jul-14.