NIFTY Options Trading by RAJ

[healthraj]

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...

After breaking 7560, Target of 60 points met at 7620. In the LTF and hourly charts SELL Triggered.

Closed the pair 7550-7650 with 7 points.

In the Daily Future Charts, As per the minor Trend, the Pivot is at 7625 Futures. So it might act as the initial Resistance.

 

[healthraj]

Bought 7500PE @ 33

 

[healthraj]

Bought 7500PE @ 33

MAX OI at 7500-8000
MAX COI @ 7600-7700

I have closed 7500PE @ 34.5 since NIFTY is looking Bullish.

As Per LTF the support might come at 7610/20. If 7610 holds, then it will be BUY at 7610 for Target of 7660/70.

 

[healthraj]

MAX OI at 7500-8000
MAX COI @ 7600-7700

I have closed 7500PE @ 34.5 since NIFTY is looking Bullish.

As Per LTF the support might come at 7610/20. If 7610 holds, then it will be BUY at 7610 for Target of 7660/70.

If 7624 SPOT hold then it will be BUY from there.

 

[healthraj]

If 7624 SPOT hold then it will be BUY from there.

In the LTF there is a FLAG formation and BUY Triggered around 7615.

As per the overall change in OI, it is a BUY since there are 16L Puts sold and Calls being squared off...

The MAX COI is still 7600-7700. As per the MAX COI it is Bearish since 7600PE COI is less than 7700CE COI. So the BUY will be confirmed if 7600 PE COI is more than 7700CE COI. So right now it is slightly Bearish...

 

[healthraj]

For BANKNIFTY the Support is at 15130/50 in LTF.

 

[healthraj]

NIFTY Flag should come to and end now. If nifty does not go below 7617, then it would be a BUY for a Target of 7672 and 7700

 

[singlap]

MAX pe COI is now more than max CE COI, does it confirm the bullish trend , Raj ?

 

[healthraj]

MAX pe COI is now more than max CE COI, does it confirm the bullish trend , Raj ?

In the Hourly charts, NIFTY is trading above R1 but the Minor Trend is Bullish because it was a Good UP move..


So the Put Strikes below 7600 are indicating Bullish 17L Puts Sold below 7600... OR it could be BUY also...

Puts above 7600 are 2.8L - Bearish
Calls below is -2.1 L - Calls getting squared off is Bearish
Calls above 7600 9.3L - Short Build so it is Bearish.

So it is 17L versus 2.8L + (-2.1L) + 9.3L - Still it is Bullish....
From a Overall COI, it is 35L Puts Versus 4.1L Calls - Bullish.


So overall it is Bearish. But since NIFTY was trending UP and not Rangebound, we need to be careful about the move.

So my view is as follows...

IF NIFTY makes a Sharp move below 7610, then we can go SHORT, otherwise it is better to remain Long till 7700.

 

[yan]

7500 pe any chances for tomorrow gud gain