NIFTY Options Trading by RAJ

[healthraj]

Budget is over and so the big event is over for this month.
Tomorrow we are starting with INFY Results.

Looking at the Daily Futures Chart, it is Trading near the Support.
The First support in Daily charts will come around 7548.
And if goes below 7548 the next support is the Minor Trend support which is at 7527.

NIFTY Futures already trading with Negative Premium of 25 points and 7548 already seems to be broken. So the next hope is 7527.

If 7527 breaks, then the next support will come from the Weekly Minor Trend support which is at 7427. And in the Weekly charts right now it is trading below the Resistance 2 @ 7713.

SGX NIFTY already trading 7509 (7527 also seems to be broken).


The Resistance 1 in Weekly charts is at 7359, which will act as the Major support.

So it would be good to Wait and watch what happens near 7527 Futures Level because that would give 100 to 150 points till 7427/7359.

 

[parmit]

Budget is over and so the big event is over for this month.
Tomorrow we are starting with INFY Results.

Looking at the Daily Futures Chart, it is Trading near the Support.
The First support in Daily charts will come around 7548.
And if goes below 7548 the next support is the Minor Trend support which is at 7527.

NIFTY Futures already trading with Negative Premium of 25 points and 7548 already seems to be broken. So the next hope is 7527.

If 7527 breaks, then the next support will come from the Weekly Minor Trend support which is at 7427. And in the Weekly charts right now it is trading below the Resistance 2 @ 7713.

SGX NIFTY already trading 7509 (7527 also seems to be broken).


The Resistance 1 in Weekly charts is at 7359, which will act as the Major support.

So it would be good to Wait and watch what happens near 7527 Futures Level because that would give 100 to 150 points till 7427/7359.

raj bro,

i think now major support is 7480... nifty har bar yaha se bounce back marta hai, even today also..

so lets see nifty may break this 7480 2maro...

 

[healthraj]

raj bro,

i think now major resistant is 7480... nifty har bar yaha se bounce back marta hai, even today also..

so lets see nifty may break this 7480 2maro...

I think you mean to say 7480 is a Support and Not Resistance

 

[parmit]

I think you mean to say 7480 is a Support and Not Resistance

ya bro,

one more thing if market touch 7460 today....

wht would be d price of 7700, 7600, 7500 PE.

I mean to get around 70-80% of any movement which CE OR PE is to buy...

AND when a call or put gain faster and loose slower and vice-versa..

 

[anilnegi]

Infosys Q1 net profit falls 3.5% to Rs 2886 cr Infosys, the largest software services exporter in India, beat street expectations with the consolidated net profit falling 3.5 percent sequentially to Rs 2,886 crore in the quarter ended June 2014. It had reported a price of Rs 2,992 crore in previous quarter.

Phir bhee gap up opening

 

[LivetoTrade]

ya bro,

one more thing if market touch 7460 today....

wht would be d price of 7700, 7600, 7500 PE.

I mean to get around 70-80% of any movement which CE OR PE is to buy...

AND when a call or put gain faster and loose slower and vice-versa..

For today, At current IV and HV values, if Nifty reaches 7460, 7700pe will be 280; 7600pe will be 204.7, and 7500pe will be 142.9.

 

[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

The Resistance of INFY was at 3379 and so anything above 3379 was a SELL. INFY made a top of around 3432 and now down to 3313. 120 points down.

Early morning bought 3400PE @ 79.7 and closed 115 with 35 points

At 3550, Bought 3200PE @ 50, Which is now trading at 64.

As per the COI the support is at 3300. Resistance at 3400. So it would be better to closed the shorts at 3300.

MAX OI at 3200-3500. So Major support at 3200 even if 3300 breaks down

 

[healthraj]

Budget is over and so the big event is over for this month.
Tomorrow we are starting with INFY Results.

Looking at the Daily Futures Chart, it is Trading near the Support.
The First support in Daily charts will come around 7548.
And if goes below 7548 the next support is the Minor Trend support which is at 7527.

NIFTY Futures already trading with Negative Premium of 25 points and 7548 already seems to be broken. So the next hope is 7527.

If 7527 breaks, then the next support will come from the Weekly Minor Trend support which is at 7427. And in the Weekly charts right now it is trading below the Resistance 2 @ 7713.

SGX NIFTY already trading 7509 (7527 also seems to be broken).


The Resistance 1 in Weekly charts is at 7359, which will act as the Major support.

So it would be good to Wait and watch what happens near 7527 Futures Level because that would give 100 to 150 points till 7427/7359.

NIFTY COI @ 7600-7900 - Suggesting at 7600 there might be fight. So it is better to wait for some time to see the fight...

The Options Chain data says it is Bullish all over. Calls are getting squared off...

It would be better to SELL if NIFTY not able to go above 7620 - May be later in the day... Now it is better to stay long.. There was already one attempt to cross 7620 which failed..

Or just SELL the MAX COI pair 7600-7900 at 132

As per LTF, the SELL is in progress. No Buy signal has come yet... As per the Hourly charts, In the minor trend there is a SELL from 7720. No Buy signal yet

 

[healthraj]

NIFTY COI @ 7600-7900 - Suggesting at 7600 there might be fight. So it is better to wait for some time to see the fight...

The Options Chain data says it is Bullish all over. Calls are getting squared off...

It would be better to SELL if NIFTY not able to go above 7620 - May be later in the day... Now it is better to stay long.. There was already one attempt to cross 7620 which failed..

Or just SELL the MAX COI pair 7600-7900 at 132

As per LTF, the SELL is in progress. No Buy signal has come yet... As per the Hourly charts, In the minor trend there is a SELL from 7720. No Buy signal yet

I had sold the pair 7600-7900 @ 132... Now trading at 123 - 9 points gain

 

[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.

If someone had sold 3200-3500 Pair would have made 70 points today. So the SELLing options seems to be working... I thought the VOLT was not very high and so did not SELL... Today IV for Calls and Puts have dropped by more than 50%. The Volatility of INFY itself is below their normal Volatility of 35%..