NIFTY Options Trading by RAJ

[singlap]

COI if it is more on call side compared to put side - signifies that short term trend is bearish and vice versa.
Raj, whenever markets make big moves, which is quite common nowadays in Nifty, does this observation still hold good or is relevant for a very range bound small moves type market ?

 

[healthraj]

BANKNIFTY does not seem to be giving any clear signal because it is very volatile in HTF. The Support is around 15040 SPOT in both LTF and HTF, which seems to be a BUY area.

BANKNIFTY Seems to be pulling NIFTY DOWN. Should Get a BUY in BANKNIFTY now

 

[healthraj]

A FLAG is always difficult to Trade because we never know when the FLAG will END. Now the FLAG Seems to be ended because the Minor Trend Support in HTF @ 7680 also Seems to be hit.

I had given 7680 as the Stoploss with HTF Minor Trend support in Mind.

So those who think it is a BUY can go LONG NOW.

BANKNIFTY also seems to have made lows

 

[coolbull]

sold pair 7400 pe + 7700 ce (121 +16.75) covered @(98.45+22.20) :17.10


I covered my banknifty shorts, now i think it should move up....today it was purely one way down breaking all the support....

 

[Option.Trader]

7800 ce chgoi building up more rapidly than 7700 pe, also looks like yesterday's rally was built on short covering, looking to go short either @7750 or a break of 7710

7693 looks like a long term trend line, need to watch this

A FLAG is always difficult to Trade because we never know when the FLAG will END. Now the FLAG Seems to be ended because the Minor Trend Support in HTF @ 7680 also Seems to be hit.

I had given 7680 as the Stoploss with HTF Minor Trend support in Mind.

So those who think it is a BUY can go LONG NOW.

BANKNIFTY also seems to have made lows

Looks like opening up of downside, multiple attempts by bulls coming cropper

 

[coolbull]

@ roku...........

u don't need more demat account........ur demat can be mapped to other brokers trading account......for trading in derivatives,currency or commodities ,trading account is enough no need to open seperate demat but if u want equity trading with any other broker and dont want to disturb ur earlier brokers account then u can open other demat as well........

i Personally prefer more trading account,more laptop and internet provision.....it gives me flexibility to divide my capital, different trading softwares.... protects me from losing opportunity to trade when one software or internet is not working....

Mr. Raj can you also tell me that should I open a new demat account with Zerodha as well or just keep the Karvy one.

I don't mind opening a new demat but just wanna know that are their any downside of having 2 broking accounts attached to 1 demat account and how could that be achieved,if you could provide me information regarding this then I would be really thankfull to you.

 

[prabhsingh]

I am expecting Nifty SPOT to touch 7381-7400 levels before bouncing back which is 270 pts more downfall.

 

[timepass]

I am expecting Nifty SPOT to touch 7381-7400 levels before bouncing back which is 270 pts more downfall.

How did you calculate that ??

 

[rajesh_]

I am expecting Nifty SPOT to touch 7381-7400 levels before bouncing back which is 270 pts more downfall.

Don't give us heart attack. I have long positions expecting to book profit tomorrow. Please give detailed analysis why do you think nifty touches 7381.

 

[healthraj]

I am expecting Nifty SPOT to touch 7381-7400 levels before bouncing back which is 270 pts more downfall.

It is quite possible. The only Level to Watch for that is the Daily Support 2 @ 7614. 7614 is also the Resistance 1 in Weekly Future Charts.

So as per the Weekly Future Charts Next support will be the Weekly Futures Pivot which is at 7240.

7246 is the Monthly R1. So you can see how the Daily, Weekly and Monthly Charts Align themselves...

But Before that May be Weekly Minor Trend PIVOT will be tested which is at 7912, which is also the Daily Minor Trend Resistance.

So Two levels to be watched carefully 7600 and 7900 Futures

Around 7910 Futures - SELL.

Below 7600 Futures - SELL

As long 7600 Holds, better to Maintain Long.
One more important thing is that Dow Jones already breached daily Support and Trading near the Weekly Support 2. So from a Global markets perspective, there will some bounce which we can expect. Same is the case for FTSE.

So Market will not just like that go DOWN Like a Rocket. No easy money

Will post the Daily, Weekly and Monthly Charts this evening.