NIFTY Options Trading by RAJ
- Thread starter healthraj
- Start date
- Tags nifty options chain raj oat
So IS NIFTY all Set for the DOWN Move.
Will the Down move happen tomorrow?.
Normally if there is a BIG MOVE it happens on a Friday before the Expiry.
So tomorrow might be another UP Move till 7860...
The Important Levels to Watch for tomorrow
BREAKDOWN in Hourly Charts BELOW 7795/68.
DAILY PIVOT in the Major Trend @ 7860
Daily Resistance as per Minor Trend @ 7888.
In Hourly Chart, Minor Trend Resistance @ 7840.
Hourly R1 - 7795, R2 - 7920.
BUY Above 7795 - For Target of 7840, 7860, 7880.
SELL
Safe To SELL below 7768.
Aggressive SELLing above 7850 and Average Put above 7850.
When NIFTY is At 7850, in the August Series with the Current IV of 15,
7500 Put should be available around 25,
7600 Put should be available around 42,
7700 Put should be available around 65,
7800 Put should be available around 98.
Better not to Trade in JUL-14 Series.
Will the Down move happen tomorrow?.
Normally if there is a BIG MOVE it happens on a Friday before the Expiry.
So tomorrow might be another UP Move till 7860...
The Important Levels to Watch for tomorrow
BREAKDOWN in Hourly Charts BELOW 7795/68.
DAILY PIVOT in the Major Trend @ 7860
Daily Resistance as per Minor Trend @ 7888.
In Hourly Chart, Minor Trend Resistance @ 7840.
Hourly R1 - 7795, R2 - 7920.
BUY Above 7795 - For Target of 7840, 7860, 7880.
SELL
Safe To SELL below 7768.
Aggressive SELLing above 7850 and Average Put above 7850.
When NIFTY is At 7850, in the August Series with the Current IV of 15,
7500 Put should be available around 25,
7600 Put should be available around 42,
7700 Put should be available around 65,
7800 Put should be available around 98.
Better not to Trade in JUL-14 Series.
7850 SPOT / Futures seems to be an important Level
LTF (10 minute) SPOT R2
Hourly SPOT Chart - Minor Trend - R2
Daily Futures Minor Trend - R2
Daily Futures Major Trend - PIVOT
Weekly Futures Major Trend R2
Weekly Futures Minor Trend Pivot
Monthly Futures Minor Trend R2
All pointing to only one thing - SELL At 7850.
Hope NIFTY will also move as per the Above technical. Waiting to See 7850 to take my positions in AUG-14 Series.
LTF (10 minute) SPOT R2
Hourly SPOT Chart - Minor Trend - R2
Daily Futures Minor Trend - R2
Daily Futures Major Trend - PIVOT
Weekly Futures Major Trend R2
Weekly Futures Minor Trend Pivot
Monthly Futures Minor Trend R2
All pointing to only one thing - SELL At 7850.
Hope NIFTY will also move as per the Above technical. Waiting to See 7850 to take my positions in AUG-14 Series.
Double top and 100EMA
I followed someone in traderji, the last big candle made few days back has indicated that nifty has topped out. In other words nifty will not be able to go above this or close above this level. The nature of the candle indicates the above analysis.
Combine this with 100EMA, which has not been touched since a very long time.
If you see, yesterday looked like a double top. The last wave was 350 points down from here. If u consider double top, the next target will be 350 * 2, i.e 700 points down from here, which coincides with 100EMA.
Your views!
I followed someone in traderji, the last big candle made few days back has indicated that nifty has topped out. In other words nifty will not be able to go above this or close above this level. The nature of the candle indicates the above analysis.
Combine this with 100EMA, which has not been touched since a very long time.
If you see, yesterday looked like a double top. The last wave was 350 points down from here. If u consider double top, the next target will be 350 * 2, i.e 700 points down from here, which coincides with 100EMA.
Your views!
MAX COI @ 7800-7600 indicating Bearishness.
MAX OI @ 7700-8000.
LTF indicating SELL with support at 7777.
Hourly charts is still in the TRENDING mode with Minor Trend Support at 7758, Which should be level to Watch for Breakdown confirming the SELL.
Otherwise I think there is some more UP side left and the Resistance might come at 7840/50.
The Hourly Pivot is inching towards 7700. So I think this expiry will not go below 7700. The hourly pivot is at 7685. So if someone wants to Take Puts in this Series, better not to Trade strikes 7700 and below.
MAX OI @ 7700-8000.
LTF indicating SELL with support at 7777.
Hourly charts is still in the TRENDING mode with Minor Trend Support at 7758, Which should be level to Watch for Breakdown confirming the SELL.
Otherwise I think there is some more UP side left and the Resistance might come at 7840/50.
The Hourly Pivot is inching towards 7700. So I think this expiry will not go below 7700. The hourly pivot is at 7685. So if someone wants to Take Puts in this Series, better not to Trade strikes 7700 and below.
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