NIFTY Options Trading by RAJ

[healthraj]

BANKNIFTY - Expiry

In the Daily charts the Pivot is at 15115. In the hourly charts the Pivot is at 15160. BANKNIFTY is Trading near the Resistance (15600) in the Daily Minor Tend and Hourly Major Trend (R1 @ 15577).

MAX Pain at 15200. So we can expect the Expiry around 15100 to 15200.

So we can SELL 15000PE and 15500CE At 200.

If some one is confident one can SELL Any Call above 15300 and any Put below 15100 to get more profit

 

[singlap]

At the End of the Day, I have the following positions open.

7400-7850 Pair in AUG-14 Series Opened at 126 and now at 136 - Loss of 10 points.

7700PE in JUL-14 Series Bought at 32.

After the Rally in the last one hour, in the LTF the R1 is at 7767. R2 @ 7785.
In the hourly charts, R1 and Minor Trend Support @ 7730 - Below which it would be a confirmed SELL.

Pivot at 7611 - For this Expiry we can expect minimum a move till the Pivot. Based on tomorrow's move, the Pivot might move further UP. So for this expiry we can expect 7650 - Which is at least 100 points from the current levels.

But the MAX Pain has moved to 7700 today since 33L positions added to 7700PE - Unless the 7700 Put OI changes, NIFTY might stay above 7700.

But the important data to watch is the OI positions in
7500 Put - 68L MAX OI
7600 Put - 61L
7700 Put - 61L - 33L Added today.

So for this expiry it might not move below 7600.

Assuming NIFTY will expire between 7600 and 7700, it would be good to sell the Pair 7600PE-7700CE @ 111. It would be good to SELL tomorrow when it is around 120.

NIFTY normally Expires around the Daily Pivot or the Hourly Pivot.

As the per Minor Trend in the Daily charts, the Pivot is at 7643. As per the Hourly Chart (Major Trend), the Pivot is at 7611.
So let us see if NIFTY expires around 7611-7643.

Raj, in last month expiry , did this expiry near pivot theory worked ? As far as i think (since i was following the posts), it didn't worked and we had a big move at expiry day .

 

[healthraj]

Raj, in last month expiry , did this expiry near pivot theory worked ? As far as i think (since i was following the posts), it didn't worked and we had a big move at expiry day .

It did not expire near the Daily Pivot but it expired near the Hourly pivot.

 

[anilnegi]

Raj

How you choose particular strike to sell or buy pair

it would be good to sell the Pair 7600PE-7700CE @ 111
SELL 15000PE and 15500CE At 200

anil negi

 

[healthraj]

Raj

How you choose particular strike to sell or buy pair

it would be good to sell the Pair 7600PE-7700CE @ 111
SELL 15000PE and 15500CE At 200

anil negi

There are many ways to choose the Strike.

First thing is do not Buy where the MAX OI or MAX COI is present.

Like MAX OI is at 7500-8000. So do not buy 8000CE or 7500PE, You can BUY any other strike.

For Selling, First we need to find a Range which would not be broken... So you can use hourly charts or Daily charts...

In the hourly charts R2 @ 7850 and S2 @ 7373. So you can SELL 7850CE and 7350 PUT.

If you follow Daily Charts, The Minor Trend Support at 7460 , Resistance @ 7856. So you can SELL 7450 PUT and 7850 CALL

 

[coolbull]

raj,

How do you calculate,pivot,support - resistance on hourly,weekly,monthly charts..

regards
raj -coolbull

 

[healthraj]

In LTF 7778 will be initial support, which if not broken can go and Test 7820.
In HTF, in the morning, The resistance @ 7807 was Tested. In the minor Trend the support is at 7744 - Breaking this level will start the DOWN move. R2 is at 7863 - Which is a possibility

In the Daily charts, the Pivot is at 7862- Which might act as the Resistance for this Expiry.

This morning 10L Puts are Sold - So 7800 might not be broken today.

 

[healthraj]

raj,

How do you calculate,pivot,support - resistance on hourly,weekly,monthly charts..

regards
raj -coolbull

I have posted this many times... Here is my logic for one more time...

1. For a given set of last 80 candlestick Closing values, Calculate the Trend (I use the excel function called TREND).
2. Then Calculate the standard deviation of these 80 points (I use the excel function STEYX) - You will get a Value XX
3. To the TREND Lines you got from 1, Add the value XX, You should a Get your Trend RESISTANCE.
4. To the TREND Lines you got from 1, Subtract the value XX, You should a Get your Trend SUPPORT.
5. You can add a bit of customization by using the VOLT on top of the RESISTANCE / SUPPORT.
6. I normally calculate two Supports (S1 and S2) and Two Resistances (R1 and R2). Two times XX should give you R2 or S2.
7. To get the MINOR Trend, Repeat the above Steps 1 to 5 using last 20/30 candlesticks instead of last 80 candlesticks.

I have been using the above in the last 3 months starting from 13-Mar.
Once again this method works best for Range bound stocks.

The idea is to SELL when it hits the Resistance (SELL High) and BUY when it hits the Support (BUY LOW).


I have also uploaded a modified file prepared by somebody in this forum...

ht tp:// w ww. 4shared .com/file/ZiRmzVBTce/healthrajs_trend_finder.html


The link was posted in the post number 5010

 

[coolbull]

Sorry for the inconvenience, Thanks for answering my query during live market....

i appreciate your timely help.

i downloaded many excel sheets of yours(most of them dont function properly, some of the links needs to be updated)........

I deal in futures hence do not follow this thread much......but i am very happy for you and your work.....God bless you......

Take care

I have posted this many times... Here is my logic for one more time...

1. For a given set of last 80 candlestick Closing values, Calculate the Trend (I use the excel function called TREND).
2. Then Calculate the standard deviation of these 80 points (I use the excel function STEYX) - You will get a Value XX
3. To the TREND Lines you got from 1, Add the value XX, You should a Get your Trend RESISTANCE.
4. To the TREND Lines you got from 1, Subtract the value XX, You should a Get your Trend SUPPORT.
5. You can add a bit of customization by using the VOLT on top of the RESISTANCE / SUPPORT.
6. I normally calculate two Supports (S1 and S2) and Two Resistances (R1 and R2). Two times XX should give you R2 or S2.
7. To get the MINOR Trend, Repeat the above Steps 1 to 5 using last 20/30 candlesticks instead of last 80 candlesticks.

I have been using the above in the last 3 months starting from 13-Mar.
Once again this method works best for Range bound stocks.

The idea is to SELL when it hits the Resistance (SELL High) and BUY when it hits the Support (BUY LOW).


I have also uploaded a modified file prepared by somebody in this forum...

ht tp:// w ww. 4shared .com/file/ZiRmzVBTce/healthrajs_trend_finder.html


The link was posted in the post number 5010

 

[healthraj]

In LTF 7778 will be initial support, which if not broken can go and Test 7820.
In HTF, in the morning, The resistance @ 7807 was Tested. In the minor Trend the support is at 7744 - Breaking this level will start the DOWN move. R2 is at 7863 - Which is a possibility

In the Daily charts, the Pivot is at 7862- Which might act as the Resistance for this Expiry.

This morning 10L Puts are Sold - So 7800 might not be broken today.

The hourly Minor Trend Support is now at 7750 - Watch 7750 for Sell or BUY or opportunity.