NIFTY Options Trading by RAJ
- Thread starter healthraj
- Start date
- Tags nifty options chain raj oat
Not much volume in NIFTY Options to indicate any Major moves. But as per the Low volumes it is Weak Bull. With 7650 Bearish
In LTF, Triggered a SELL above Resistance @ 7627 (R2). Made high of 7633.
In HTF, the Channel Resistance is at HTF Pivot (7625). So a SELL Triggered above Channel Resistance and HTF Pivot.
Since the MAX OI is at 7500-8000, At least 7500 would be Tested. So one can start Buying 7550 Puts @ 60.
For the SELL have 7672 (HTF R2 as the Stoploss).
In LTF, Triggered a SELL above Resistance @ 7627 (R2). Made high of 7633.
In HTF, the Channel Resistance is at HTF Pivot (7625). So a SELL Triggered above Channel Resistance and HTF Pivot.
Since the MAX OI is at 7500-8000, At least 7500 would be Tested. So one can start Buying 7550 Puts @ 60.
For the SELL have 7672 (HTF R2 as the Stoploss).
People those who are expecting a STRONG Down move to 7500 and Lower, Should look for the MAX OI @ 8000 to move to say 7800CE. Right now the Difference between 7800CE and 8000CE is around 5L. When the MAX OI moves from 8000CE to 7800CE, you can Expect a 200 points move from 7650 to 7450.
In the DAILY Futures Chart the Major Support has moved from 7620 to 7600 and the Channel Support has moved from 7575 to 7550.
So first we should see BREAKDOWN at 7600 and then another BD at 7550 for another 100 points move down to 7450. 7450 is the 20 Weekly EMA, Which will take some time to breakdown and then we can see a 200 point move to 7250 (Weekly Futures Pivot)
Risky Can Start accumulating the Puts now. Less Risky can Play BD at 7600 and 7550 Futures.
The 20 DAY EMA is 7680. If it breaks 7680 on the UP side then Close Puts. Otherwise 7680 Futures should be Stoploss for the SELLs taken at these Levels. Or we can also expect 7680 to be Tested again.
These are my personal views based on Options chain and charts. Any contra views are always welcome.
In the DAILY Futures Chart the Major Support has moved from 7620 to 7600 and the Channel Support has moved from 7575 to 7550.
So first we should see BREAKDOWN at 7600 and then another BD at 7550 for another 100 points move down to 7450. 7450 is the 20 Weekly EMA, Which will take some time to breakdown and then we can see a 200 point move to 7250 (Weekly Futures Pivot)
Risky Can Start accumulating the Puts now. Less Risky can Play BD at 7600 and 7550 Futures.
The 20 DAY EMA is 7680. If it breaks 7680 on the UP side then Close Puts. Otherwise 7680 Futures should be Stoploss for the SELLs taken at these Levels. Or we can also expect 7680 to be Tested again.
These are my personal views based on Options chain and charts. Any contra views are always welcome.
Last edited:
BANKNIFTY Levels
As per HTF Resistance at 14930 SPOT. (Major Trend Pivot), Which is also the LTF R2.
So SELL BANK NIFTY above 14930 SPOT for 14700 (LTF Pivot) and 14500 (LTF S2).
IF there is a BO @ 14930 SPOT then NEXT Resistance is at 15050 (R2).
In the DAILY Futures Charts the Channel Support and the Major Trend Support (S2) is at 14680.
As per HTF Resistance at 14930 SPOT. (Major Trend Pivot), Which is also the LTF R2.
So SELL BANK NIFTY above 14930 SPOT for 14700 (LTF Pivot) and 14500 (LTF S2).
IF there is a BO @ 14930 SPOT then NEXT Resistance is at 15050 (R2).
In the DAILY Futures Charts the Channel Support and the Major Trend Support (S2) is at 14680.
DOWN MOVE in NIFTY.
Everybody is hoping for a DOWN move. So let me also this time
In the HTF, the Channel Resistance which was near the PIVOT has now moved to R1 @ 7650 SPOT and I think it is now set for a DOWN Move if NIFTY not able to cross 7650.
So if you get NIFTY SPOT Around 7650, then one can SELL for a Target of 7500. Looking at the LTF, It seems to be a SHARP Fall.
With the current IVs, 7550 Puts can be bought around 50.
since the MAX OI is around 7500, it is better to avoid 7500 Puts. But if one wants to BUY 7500 Puts then it should be available around 36.
Everybody is hoping for a DOWN move. So let me also this time
In the HTF, the Channel Resistance which was near the PIVOT has now moved to R1 @ 7650 SPOT and I think it is now set for a DOWN Move if NIFTY not able to cross 7650.
So if you get NIFTY SPOT Around 7650, then one can SELL for a Target of 7500. Looking at the LTF, It seems to be a SHARP Fall.
With the current IVs, 7550 Puts can be bought around 50.
since the MAX OI is around 7500, it is better to avoid 7500 Puts. But if one wants to BUY 7500 Puts then it should be available around 36.
DOWN MOVE in NIFTY.
Everybody is hoping for a DOWN move. So let me also this time
In the HTF, the Channel Resistance which was near the PIVOT has now moved to R1 @ 7650 SPOT and I think it is now set for a DOWN Move if NIFTY not able to cross 7650.
So if you get NIFTY SPOT Around 7650, then one can SELL for a Target of 7500. Looking at the LTF, It seems to be a SHARP Fall.
With the current IVs, 7550 Puts can be bought around 50.
since the MAX OI is around 7500, it is better to avoid 7500 Puts. But if one wants to BUY 7500 Puts then it should be available around 36.
Everybody is hoping for a DOWN move. So let me also this time
In the HTF, the Channel Resistance which was near the PIVOT has now moved to R1 @ 7650 SPOT and I think it is now set for a DOWN Move if NIFTY not able to cross 7650.
So if you get NIFTY SPOT Around 7650, then one can SELL for a Target of 7500. Looking at the LTF, It seems to be a SHARP Fall.
With the current IVs, 7550 Puts can be bought around 50.
since the MAX OI is around 7500, it is better to avoid 7500 Puts. But if one wants to BUY 7500 Puts then it should be available around 36.
Anyways I will hold the Puts for Tomorrow.
Similar threads
-
-
-
Fall in volume of trading in Nifty-50 call options in 2016?
- Started by srikanthyadav444p
- Replies: 0
-
Too much risk in trading BankNifty or its options. Views welcome.- Started by kingsmasher1
- Replies: 10
-
