NIFTY Options Trading by RAJ

[Option.Trader]

Since NIFTY is trading at the Crucial Support Levels, it is a Risky Trade and so I will be trading with a Strict Stoploss of 20 points

I have SOLD the Pair 7600-7800 @ 127.8 - AUG Series

I think all supports are broken along with unwinding on all puts, next stop 7420

 

[timepass]

BNF Triggered BUY below the LTF , HTF Support

LTF Support 2 @ 14763, HTF support @ 14838

Daily Futures Support is at 14714 - So one can wait till that is reached to BUY

LOD = 14726 (spot). I guess one can count it as a touch of the daily support. I think if it reverts to that level then it will breach the support effectively and continue downwards.

 

[healthraj]

NIFTY Levels

LTF

S2 @ 7557, S1 @ 7586, Pivot @ 7615, R1 @ 7644 R2 @ 7673
Channel support @ 7514, Channel Resistance @ 7629.

Today Another SELL might be there around the Pivot / Channel Resistance.

HTF

S2 @ 7568, S1 @ 7622, Pivot @ 7671, R1 @ 7721, R2 @ 7774.
Channel Support @ 7572, Channel Resistance 7727.

Daily
S2 @ 7606. Channel Support @ 7575.

What I mean by Channel is the Minor Trend.

 

[healthraj]

NIFTY Levels

LTF

S2 @ 7557, S1 @ 7586, Pivot @ 7615, R1 @ 7644 R2 @ 7673
Channel support @ 7514, Channel Resistance @ 7629.

Today Another SELL might be there around the Pivot / Channel Resistance.

HTF

S2 @ 7568, S1 @ 7622, Pivot @ 7671, R1 @ 7721, R2 @ 7774.
Channel Support @ 7572, Channel Resistance 7727.

Daily
S2 @ 7606. Channel Support @ 7575.

What I mean by Channel is the Minor Trend.

In the LTF there is a FLAG formation, hopefully a BEAR Flag, which might trigger another SELL around 7600.

So those who are carrying Short, Can close the positions now Take another SELL if it does not cross 7610. Or it might give a Surprise and give a BREAKOUT in LTF also.

 

[santhosh2010]

 

[healthraj]

SBIN Result on Tomorrow

Tomorrow we have the results of one of the heavy weight SBIN. So NIFTY will be managed SBIN and BANKNIFTY tomorrow.

Looking at the Options.

MAX OI @ 2400-2500. So 2500 Should act as the Resistance.


Looking at the Charts,

LTF Levels RESISTANCE @ 2444, Support @ 2404. Pivot @ 2424
HTF Levels - It is in Channel and the Levels are same as above.

Daily Futures Charts Levels
- HAs been in correction and forming a channel from 22-MAY after forming a top of around 2840.

Channel Resistance @ 2570, Support @ 2365, Pivot @ 2467.
In the Major Trend SBIN is trading below S1. Daily Chart Levels

S2@ 2385, S1 @ 2572, Pivot @ 2749, R1@ 2926, R2 @ 3112.

Trading Strategy,

In both the LTF and HTF, SBIN is above the Resistance (SELL Triggered) and may be will breakout tomorrow or will Test 2365/85 First.

BUY Around 2365/85.

SELL if Does not cross 2572.

Will post the charts by today Evening.

Is the SBIN Result out ? There seems to be some action happening in SBIN hit the LTF and HTF resistance.
So now all is in the SBIN. Watch SBIN carefully for further moves

The FLASH News from Money Control Says - SBIN had beaten the Expectations... So it is a BUY at 2400. The Options data suggest that with MAX OI and COI and 2400-2500

 

[healthraj]

Bought SBIN 2480 CE @ 42

 

[healthraj]

Those who Believe Market might GO UP from here can BUY 7800 CE @ 23 now. If you do not want to Take too much risk, you can also Buy 7250/7300 Put and Hedge your Call. Definitely Market will make another 300 points from here. 7250 PE @ 18 now. I normally do not Recommend any OTM calls. I am not saying one should Put all the money.

 

[anilnegi]

SBIN 2480 @ 45 now.

 

[TradeOptions]

Bought SBIN 2480 CE @ 42

SBIN 2480 CE intraday update -

SBIN Options Chain -

Regards