NIFTY Options Trading by RAJ

[healthraj]

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

Normally you can count 1%. Since the Volatility of NIFTY is around 17%-20%, for the calculation of Target you can go for additional 20% of 1% which makes it 1.2%.

Let us say if you apply the same rule to SBIN, whose VOLT is around 33%. If you are expecting 2% for SBIN from 2443, then you can add 33% to 2% which would be 2.3% and so the Target would be 2443-56=2387. So far SBIN made low of 2389

 

[prabhsingh]

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

Start of the week it will always be high but if confidence is there and if you are sure as why this position should be taken then Premium should not matter.Moreover risk can be mitigated by proper Stop loss.

 

[healthraj]

NIFTY Trend line support is at 7705. So there might be an Intermediate bounce back. So it is better to Take profits. If NIFTY does not cross 7750 today one can SELL again at those levels. If 7705 breaks the next support is at 7685. All are SPOT Levels

 

[healthraj]

NIFTY Trend line support is at 7705. So there might be an Intermediate bounce back. So it is better to Take profits. If NIFTY does not cross 7750 today one can SELL again at those levels. If 7705 breaks the next support is at 7685. All are SPOT Levels

Sorry I mean 7725 instead of 7750. So if 7725 does not Cross then one Can SELL again at those levels.

 

[lamerider]

Going completely with the chain data, today cant see a much big down movement in the last 90 min of trading. If at all the COI at 7700pe doesnt fall by much the market is going to end up +ve or near flat.. Still will wait for tomorrow to short 7800 Call. The long weekend should take off atleast the time value..

 

[sabhlok_r]

Target 1 achieved. Moving towards target 2...

Target 2 achieved. Day low is 76.50

 

[healthraj]

NIFTY Trend line support is at 7705. So there might be an Intermediate bounce back. So it is better to Take profits. If NIFTY does not cross 7750 today one can SELL again at those levels. If 7705 breaks the next support is at 7685. All are SPOT Levels

Sorry I mean 7725 instead of 7750. So if 7725 does not Cross then one Can SELL again at those levels.

Unless if 7690 SPOT breaks down I think one should Close the Shorts and Look for LONG.

 

[pratik_star_11]

Unless if 7690 SPOT breaks down I think one should Close the Shorts and Look for LONG.

But nifty even not cross 7725 as you indicate....still you suggest to close short ?

 

[healthraj]

But nifty even not cross 7725 as you indicate....still you suggest to close short ?

I am talking about Intraday positions. If one has taken a SELL around 7750, I am saying for today do not look beyond 7690. If you are positional trader and looking for a Full Target, then as per the Hourly charts the Target is 7629 (Pivot), 7564 and 7500... So all depends if you are a Intraday Trader or Positional Trader.

BTW, For Intraday Traders Partial profit should have been booked at 7705 And After that NIFTY made a high of 7724, for more selling.

 

[healthraj]

I am talking about Intraday positions. If one has taken a SELL around 7750, I am saying for today do not look beyond 7690. If you are positional trader and looking for a Full Target, then as per the Hourly charts the Target is 7629 (Pivot), 7564 and 7500... So all depends if you are a Intraday Trader or Positional Trader.

BTW, For Intraday Traders Partial profit should have been booked at 7705 And After that NIFTY made a high of 7724, for more selling.

So NIFTY has crossed 7725. Those of you who closed the Shorts at 7705 Can Try Selling once again if NIFTY goes around 7760/70 SPOT.

In LTF After the BUY was Triggered around 7705, The Resistance is now at 7767. R2 is 7792