NIFTY Options Trading by RAJ

[healthraj]

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

Closed the pair at cost when the Pivot was broken @ 7545.

 

[healthraj]

MAX COI now at 7300-7900

7500 Indicating bearishness and 7400 with Bullishness

 

[TraderRavi]

MAX COI now at 7300-7900

7500 Indicating bearishness and 7400 with Bullishness

rajbhai what is the meaning of this red line ?

 

[healthraj]

MAX COI now at 7300-7900

7500 Indicating bearishness and 7400 with Bullishness

rajbhai what is the meaning of this red line ?

This is comparing the COI in each strike and finding the trend...

7600PE has 126K 7600CE has 458K
7500PE has -31K 7500CE has 80K
7400PE has -2K 7400CE has 156K
7300PE has 848K 7300CE has 2K

Now to calculate Direction, At 7500

The positions is 7500CE+7600CE is greater than 7500PE + 7400PE. So at 7500 more positions in Call and so it is bearish... Same is the case for 7600, 7700, etc...

At 7400, the positions in 7500CE+7400CE is less than the 7400PE+7300PE. So there is more Puts being sold on the lower side like 7300PE has 848K and 7600CE has 458K positions. So it would be bullish from 7400 perspective...

 

[TraderRavi]

This is comparing the COI in each strike and finding the trend...

7600PE has 126K 7600CE has 458K
7500PE has -31K 7500CE has 80K
7400PE has -2K 7400CE has 156K
7300PE has 848K 7300CE has 2K

Now to calculate Direction, At 7500

The positions is 7500CE+7600CE is greater than 7500PE + 7400PE. So at 7500 more positions in Call and so it is bearish... Same is the case for 7600, 7700, etc...

At 7400, the positions in 7500CE+7400CE is less than the 7400PE+7300PE. So there is more Puts being sold on the lower side like 7300PE has 848K and 7600CE has 458K positions. So it would be bullish from 7400 perspective...

Thanks rajbhai for detailed explanation :clapping:

 

[healthraj]

NIFTY MAX COI 7300-7500.

The Support in Hourly chart is at 7455 and So Buy is triggered below.

In the LTF the Buy will come below 7434 probably on Monday.

So I think it is a Buy between 7434 and 7455...

In the Daily charts, BUY is already triggered below 7546 and Today BUY also triggered below the minor Trend Support at 7478.

So surely NIFTY can bounce back till 7605.

I have sold the Pair 7500-7800 at 123.

 

[lemondew]

As per 315 this is first bearish sign in nifty since 2 may 2014. I am sorry I am getting swing trading in intraday trading thread of raj. Please check the chart. Next week will confirm if nifty is going to go towards 73k. Mondays prices will confirm. MaCD below 0 would be a strong bearish indicator. Not at all disputing rajs system. Just put my thoughts based on another system.

 

[lemondew]

post deleted

 

[anilnegi]

This is comparing the COI in each strike and finding the trend...

7600PE has 126K 7600CE has 458K
7500PE has -31K 7500CE has 80K
7400PE has -2K 7400CE has 156K
7300PE has 848K 7300CE has 2K

Now to calculate Direction, At 7500

The positions is 7500CE+7600CE is greater than 7500PE + 7400PE. So at 7500 more positions in Call and so it is bearish... Same is the case for 7600, 7700, etc...

At 7400, the positions in 7500CE+7400CE is less than the 7400PE+7300PE. So there is more Puts being sold on the lower side like 7300PE has 848K and 7600CE has 458K positions. So it would be bullish from 7400 perspective...
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raj

Does this data for a short term view or for a positional view as we know data can change in single trading session

anil

 

[singlap]

Although market is substantially below 7500 , but still highest OI on put side is still at 7500. Does this indicate a bounce back ? Although difference in OIs at 7300 , 7400 , 7500 puts are marginal now.