NIFTY Options Trading by RAJ

[healthraj]

Today Max chg in OI CE and PE both are same strike...7600

Raj ji, please explain the trading strategy when we met this like scenario...

It was because of a GAP in the morning. And so it denotes a BO at 7600.

As per current options Data, it is a SELL at 7700 and a BUY At 7650.

 

[healthraj]

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.

BANKNIFTY Levels have also slightly changed due to the GAP UP.

In LTF the Resistance is at 14950.

In HTF the Resistance is at 15000

 

[healthraj]

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.

I had bought the 7500 Puts @ 36. I am still holding the Puts.

 

[stock72]

I had bought the 7500 Puts @ 36. I am still holding the Puts.

now at 26.5 .. i guess better to close .. if want to buy Later the same can be bot at less price .. IMO

 

[healthraj]

now at 26.5 .. i guess better to close .. if want to buy Later the same can be bot at less price .. IMO

OK. Closed and Bought 7700CE @ 68

 

[shiv2012]

Looks like a lot of puts are being written, going by the change in OI

 

[SexyTrader]

Looks like the 7650PE at current price is going to DOUBLE today :thumb:

 

[Option.Trader]

OK. Closed and Bought 7700CE @ 68

NIFTY Levels for Today.

The GAP Today has adjusted the Levels by 40 points.

In LTF SELL Above 7690, Where the R2 is Present.
So SELL Triggered in LTF above 7690.

In HTF however the Resistance has moved to 7694. And So the SELL is still not Triggered as per HTF. Wait and SELL Above 7694.

In HTF the other observation is that due to the GAP UP, The Major Trend and the Minor Trend has aligned.

In Daily Future Charts today the EMA 20 (7680) was Tested. Daily Minor Trend Pivot is at 7731, which might also be Tested today.

But In Summary as per the Charts it is a SELL ON HIGHs

As per the HTF, if there is a DOWN then The Targets would be 7650, 7600, 7550 and 7500. So it is a 200 points Target.

It was because of a GAP in the morning. And so it denotes a BO at 7600.

As per current options Data, it is a SELL at 7700 and a BUY At 7650.

Just to understand your logic in going for call, you said resistance at 7694, are you playing for 20 points with call, wouldn't put buying @resistance worked out better?

 

[healthraj]

Just to understand your logic in going for call, you said resistance at 7694, are you playing for 20 points with call, wouldn't put buying @resistance worked out better?

Trying to cover the Loss made in the Puts. Yes it was not a good idea to BUY Call at this point.

 

[shiv2012]

Going by the OI, 7600-8000 is the new range. Look at the massive buildup in 7600PE. Stage set for a bull trend?