NIFTY Options Trading by RAJ

[healthraj]

MAX OI @ 7600-8000

MAX COI @ 7700-7800. So I think we cannot expect market to go below 7680.

As per Options Data, Bearish at 7750 and Bullish at 7700

In HTF - SELL Triggered above 7722.
R1 @ 7666. Pivot @ 7609. S1 @ 7552 S2 @ 7496.

As Per LTF Resistance @ 7740, Pivot @ 7704 and Support @ 7670.

SELL Also triggered in LTF above 7740. In the Daily Futures, the Support 1 @ 7766 also Tested. Hopefully the BULLs should be happy now that they made their Targets and will Leave Way for the Bears.

 

[angira]

Raj,
7600 pe has OI above 75L, can short it or not ?
or sell the pair 7600-8000 ?

angira...

 

[healthraj]

Just as an Observation - Using Daily Futures as the Targets.

Normally I trade with LTF and HTF and so sometimes I don't see the Real Target.

Have been observing Daily Future Charts to take Perception But did not quite derive the Targets from it.

So as per my Observation, these are the basic rules I will be following and Taking Targets using the Daily Future Charts.

1. Normally when a Daily Futures Level is hit for the First time, It will Act as the Resistance when the market is Going UP and will act as Support when the market is going down.
2. If the market is able to Reverse from this Level then it will definitely go and Test the Previous Level and bounce from there.
3. If it is able to Sustain that Level then it will go for the Next Target.

So accordingly in Daily Futures Chart, S1 is at 7766 and was Tested today.
It has travelled from 7575 (Channel Support) and S2 (7599).
So one can SELL At 7766 with say a Stoploss (Do not know what would be ideal stoploss). The Deviation from S1 to S2 is around 166 and At least 20% of 166 should be taken as the Stoploss which would be around 32 points.

So one can use 7766+32 = 7798 as the stoploss for the SELL.
Above 7798, one can BUY for a Target of 7766+166 = 7932.

If the SELL Hold then the Target should be 7599.

 

[shiv2012]

How come thr is so much difference in the IVs of Puts(14-15) & Calls(11-12)? Does tht mean that much action is taking place only in puts?

 

[timepass]

Just as an Observation - Using Daily Futures as the Targets.
So as per my Observation, these are the basic rules I will be following and Taking Targets using the Daily Future Charts.

1. Normally when a Daily Futures Level is hit for the First time, It will Act as the Resistance when the market is Going UP and will act as Support when the market is going down.
2. If the market is able to Reverse from this Level then it will definitely go and Test the Previous Level and bounce from there.
3. If it is able to Sustain that Level then it will go for the Next Target.

Levels quite similar to Camarilla pivots (though these are based on HLC of the previous session, but the logic is similar)

 

[healthraj]

Raj,
7600 pe has OI above 75L, can short it or not ?
or sell the pair 7600-8000 ?

angira...

I normally SELL the pair with minimum 120 points. So that way 7600-8000 has not much reward

 

[healthraj]

NIFTY Futures made a High of 7776.7. So 1.2% from there would be 7685. Most probably it would be a BUY around 7685 Futures. So Watch 7685 Futures and 7670 SPOT

 

[stock72]

NIFTY Futures made a High of 7776.7. So 1.2% from there would be 7685. Most probably it would be a BUY around 7685 Futures. So Watch 7685 Futures and 7670 SPOT

why 1.2%. would you pls help to understand ...

 

[prabhsingh]

Keep an eye on RelCapital.If downfall starts it can move towards 550 and 530 levels.

Covered my RelCapital position.1st target almost meet.

 

[healthraj]

Covered my RelCapital position.1st target almost meet.

Yes RELCAPITAL was a Good call. But I did not go for it because the Premium was very high in Options