NIFTY Options Trading by RAJ

[varesh.et]

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

This is frustrating from last two days, market is ready to move more than 20 points after gap up.

 

[Option.Trader]

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

Revenge trades are dangerous, each trade is its own

 

[healthraj]

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.

7706 SPOT / 7730 Futures would be the Next Resistance.

For BANKNIFTY it would 15000 SPOT

 

[healthraj]

OK. Closed and Bought 7700CE @ 68

Closed 7700CE @ 91.

 

[Option.Trader]

Closed 7700CE @ 91.

Yep same here, 50 to 90, got lucky I guess in one day

 

[healthraj]

Sold the Pair 7500-7700 @ 116

7700CE @ 99, 7500PE @ 17.

Since I am expecting the market to move down I have sold 7500PE at lower premium. If the VOLT goes UP, a low premium should cover up.

Also bought some 7600 PE @ 31.

 

[healthraj]

Sold the Pair 7500-7700 @ 116

7700CE @ 99, 7500PE @ 17.

Since I am expecting the market to move down I have sold 7500PE at lower premium. If the VOLT goes UP, a low premium should cover up.

Also bought some 7600 PE @ 31.

The Pair 7500-7700 is now available at 120

 

[Option.Trader]

The Pair 7500-7700 is now available at 120

Need to be careful for a break out

 

[Option.Trader]

The Pair 7500-7700 is now available at 120

Magic number reached in 7600 pe. 7700 pe largest writing, should test high point in nifty

 

[healthraj]

IIP and Inflation data

Today after Market hours we had the Inflation and the IIP data. Both are not good and so we can see a GAP Down opening tomorrow.

Inflation expected 7.4% - Actual 7.9%
IIP expected 5.4% , Actual 3.4%