NIFTY Options Trading by RAJ

[healthraj]

SELL is Triggered in HTF. So any move around 7770 is a Definite SELL. And a Move below 7700, Will Confirm and the SELL and you can HOLD your positions for a FULL Target till 7500 - ie 250 points.

Let us See how many have the courage to Hold the Positions till 7500 ?

I had closed my 7600 Put which was taken yesterday at 31 at 40 with 9 points when Market touched 7705.

Bought 7600 PE once again at 29 when market was at 7750. I will Average my Puts if NIFTY makes High of say 7560/70.

IF NIFTY Moves to 7500, 7600 Put with no change in IV will be at 129 - 100 points profit.

 

[pratik_star_11]

Sir I have sold nifty @ 7730 and have courage to hold till 7500....let's hope for the best now

 

[healthraj]

Sir I have sold nifty @ 7730 and have courage to hold till 7500....let's hope for the best now

Please do it at your own risk. All the best for your patience and courage... You might have to wait at least for a week I would think, If it really were to happen ? BTW Why did you not SELL Around 7760. For Futures the Stoploss could be around 7796/7800 as explained in my morning post. So you must also be ready to Take a Loss of 70 points, since you have sold at 7730.

Anyway All the best... As always your money your Risk :thumb:

 

[Option.Trader]

SELL is Triggered in HTF. So any move around 7770 is a Definite SELL. And a Move below 7700, Will Confirm and the SELL and you can HOLD your positions for a FULL Target till 7500 - ie 250 points.

Let us See how many have the courage to Hold the Positions till 7500 ?

I had closed my 7600 Put which was taken yesterday at 31 at 40 with 9 points when Market touched 7705.

Bought 7600 PE once again at 29 when market was at 7750. I will Average my Puts if NIFTY makes High of say 7560/70.

IF NIFTY Moves to 7500, 7600 Put with no change in IV will be at 129 - 100 points profit.

I'm confused, in your earlier postings you had mentioned to avoid buying puts with Max OI, if you are so confident of a down move why not 7700pe? Just buying cheap will only lead to even cheaper sells

 

[healthraj]

I'm confused, in your earlier postings you had mentioned to avoid buying puts with Max OI, if you are so confident of a down move why not 7700pe? Just buying cheap will only lead to even cheaper sells

In a Reversal, the 7600 PE would have the maximum liquidity. So it will move Fast. And if the down move comes as per the hourly charts, then the MAX OI @ PE will shift to 7500. You can see that 7500PE has 59L and 7600 PE has 75L. So it all in an expectation for a Reversal because NIFTY is trading near the Resistance in Hourly charts. And Technically everything is in place for a DWON Move, unless if something crazy happens.


That way we cannot Buy 7700 PE also because MAX COI is at 7700-7900.

The other Rule may be I have not explained is also to look at the Values in COI.

On the Put side, ...7700PE had 10L today, So it is definitely to be avoided for a BUY. So if one wants to Buy, then look for the next MAX, which is at 7600PE, which is at 4.5L

If one looks at the Calls, Today the MAX COI was at 7900CE, with 4.5L, The next MAX is at 8000, which has a Low premium. And the next MAX is at 7800CE, Which could have been bought for an UP move..

 

[healthraj]

The NIFTY Futures Premium is at 0.6. Yesterday it was at 16. So what do you think was happening today? A SELL or BUY ?

 

[pratik_star_11]

Thanks Raj Sir for wishing me luck.....

 

[healthraj]

SBIN today.

Today SBIN had a BREAKDOWN at 2400, when it came down from 2440.
That Means the Weekly Resistance (R1) @ 2444 has been broken. The Channel Support is at 2360, Which if broken can go to the Next Weekly Target which is at 2077 (Weekly Pivot)

SBIN normally follows NIFTY. So one can follow SBIN to see what will happen to NIFTY. Tomorrow there might be a Technical bounce in SBIN around 2410.

 

[healthraj]

SBIN today.

Today SBIN had a BREAKDOWN at 2400, when it came down from 2440.
That Means the Weekly Resistance (R1) @ 2444 has been broken. The Channel Support is at 2360, Which if broken can go to the Next Weekly Target which is at 2077 (Weekly Pivot)

SBIN normally follows NIFTY. So one can follow SBIN to see what will happen to NIFTY. Tomorrow there might be a Technical bounce in SBIN around 2410.

What about INFY?

Normally INFY does the opposite of SBIN and follows the USDINR.
But as per the Daily Charts INFY is trading near the Daily Futures Resistance (R2) @ 3600, Which is the Pivot in the Weekly Future Charts.

So either NIFTY Will BREAK UP and go towards 3862, in which case USDINR also has to GO UP from 61.21.

All Are saying this is a Healthy correction so that for Diwali we can expect some Real Crackers and NIFTY reaching 8200. So if we calculate it from downwards, a 1000 Wala might be very good for Diwali... So I think for a 1000 Wala, NIFTY has to first reach 7250 so that it can goto 8250.

If it is a Healthy correction, then USDINR will not move much from here and hence INFY might not GO UP. So INFY also joins the DOWN Move then NIFTY will move very fast...

In fact INFY in Daily charts has moved UP from 3200 to 3600 without any Major correction. So one Can try Selling INFY at current Levels for a Target of 3200/ 2900. INFY also had made a double top at 3600 today in Daily charts.

All the best for those who are trying INFY...

 

[Option.Trader]

In a Reversal, the 7600 PE would have the maximum liquidity. So it will move Fast. And if the down move comes as per the hourly charts, then the MAX OI @ PE will shift to 7500. You can see that 7500PE has 59L and 7600 PE has 75L. So it all in an expectation for a Reversal because NIFTY is trading near the Resistance in Hourly charts. And Technically everything is in place for a DWON Move, unless if something crazy happens.


That way we cannot Buy 7700 PE also because MAX COI is at 7700-7900.

The other Rule may be I have not explained is also to look at the Values in COI.

On the Put side, ...7700PE had 10L today, So it is definitely to be avoided for a BUY. So if one wants to Buy, then look for the next MAX, which is at 7600PE, which is at 4.5L

If one looks at the Calls, Today the MAX COI was at 7900CE, with 4.5L, The next MAX is at 8000, which has a Low premium. And the next MAX is at 7800CE, Which could have been bought for an UP move..

Liquidity should be there in all near strikes, interesting thing to note is even after upmove, most of puts have lost less than a rs, even calls have not gained significantly. Something is sure cooking up