NIFTY Options Trading by RAJ

[healthraj]

MAX OI 7500-8000

MAX COI @ 7500-7700.

In LTF, there is SELL above 7509. So there should be a BO for NIFTY to go further. As per the minor Trendline, the support should come at 7465-7475. If 7475 breaks then it would goto 7353.

In HTF, as per the minor Trend the resistance is at 7560. So for NIFTY to touch the Major TREND Pivot @ 7597, R1@7717 and R2 @ 7837, There needs to be a BO @ 7560.

So the Levels to Watch are 7465 for Breakdown and 7560 for Breakout.

 

[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.

Closed the Pair 7500-7800 with 37 points.

 

[healthraj]

The MAX COI has changed to 7500-7600 from 7500-7700. So it has turned from Bullish to Bearish. So I think it would be a SELL on highs.

 

[healthraj]

MAX OI 7500-8000

MAX COI @ 7500-7700.

In LTF, there is SELL above 7509. So there should be a BO for NIFTY to go further. As per the minor Trendline, the support should come at 7465-7475. If 7475 breaks then it would goto 7353.

In HTF, as per the minor Trend the resistance is at 7560. So for NIFTY to touch the Major TREND Pivot @ 7597, R1@7717 and R2 @ 7837, There needs to be a BO @ 7560.

So the Levels to Watch are 7465 for Breakdown and 7560 for Breakout.

So 7465 did Hold as the support and went up Now we have to see what happens around 7550

 

[healthraj]

So 7465 did Hold as the support and went up Now we have to see what happens around 7550

The Resistance in LTF and the Hourly Minor Trend is at 7555. At the first hit it is normally a SELL.

 

[healthraj]

The Resistance in LTF and the Hourly Minor Trend is at 7555. At the first hit it is normally a SELL.

As expected there was sell in LTF above 7561 (high of 7570) and made low of 7540.

In LTF the SELL would be confirmed if NIFTY moves below 7534. Otherwise Stay Long. Since in the HTF the Trend has become Bullish above 7542. As per Hourly charts only a Strong movement below 7542 will be bearish.

As per the HTF, the Resistance is at 7651.

 

[healthraj]

MAX OI @ 7500-8000

MAX COI @ 7500-7600.

All the Strikes 7300, 7400, 7500, 7600,... indicating Bullish.

There are 19L Puts being sold compared to 7L is Calls. So clearly I think it is a preparation for an UP move...

I am selling 7550-7650 Pair @ 127.6.

7700 is indicating Bearish

 

[healthraj]

MAX OI @ 7500-8000

MAX COI @ 7500-7600.

All the Strikes 7300, 7400, 7500, 7600,... indicating Bullish.

There are 19L Puts being sold compared to 7L is Calls. So clearly I think it is a preparation for an UP move...

I am selling 7550-7650 Pair @ 127.6.

7700 is indicating Bearish

In LTF if there is a BO @ 7580, then it is confirmation for an UP Move. Otherwise it would be Range bound

 

[healthraj]

As expected there was sell in LTF above 7561 (high of 7570) and made low of 7540.

In LTF the SELL would be confirmed if NIFTY moves below 7534. Otherwise Stay Long. Since in the HTF the Trend has become Bullish above 7542. As per Hourly charts only a Strong movement below 7542 will be bearish.

As per the HTF, the Resistance is at 7651.

Hope 7534 did hold today. Made low of 7532. Next level to watch is 7560. In LTF there was FLAG. Hope fully it should BO at 7560 and we should get at least 50 points till 7610. Let us see...

 

[healthraj]

Resistance in hourly charts is at 7610. World markets are trading near Resistance. So it is better to book the Longs around 7610...