NIFTY Options Trading by RAJ

[timepass]

What about INFY?

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.

Also, there is RSI divergence developing on the daily charts.

 

[healthraj]

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

Puts have lost less because there is an increase in IVX. IVX made low 12.3 (Yesterday), which is the channel Resistance and now trying for channel high of 15. Today made low of 12.7 and right now at the Pivot (13.8).

If also look at the Institution figures .... there is a lot of confusion OR may be they trying to Confuse the Retail traders... At 7540 They sold around 2000 Cr worth of Index Futures and When everybody was expecting the market to Go down, NIFTY has come UP by around 200 points. Yesterday they Bought around huge amount in Index Futures.

we have to See what the institutions are doing today and tomorrow ?

 

[Option.Trader]

Puts have lost less because there is an increase in IVX. IVX made low 12.3 (Yesterday), which is the channel Resistance and now trying for channel high of 15. Today made low of 12.7 and right now at the Pivot (13.8).

If also look at the Institution figures .... there is a lot of confusion OR may be they trying to Confuse the Retail traders... At 7540 They sold around 2000 Cr worth of Index Futures and When everybody was expecting the market to Go down, NIFTY has come UP by around 200 points. Yesterday they Bought around huge amount in Index Futures.

we have to See what the institutions are doing today and tomorrow ?

Interesting, which brave soul will carry position overnight tomorrow with long weekend coming up, market may open 200 points up/down based on supposedly big announcements from modi on independence day

 

[healthraj]

Interesting, which brave soul will carry position overnight tomorrow with long weekend coming up, market may open 200 points up/down based on supposedly big announcements from modi on independence day

On an Independence Day, a Prime Minister can only announce people friendly and populist measures, which is anyway not going to be good for the market

 

[Option.Trader]

On an Independence Day, a Prime Minister can only announce people friendly and populist measures, which is anyway not going to be good for the market

Cash direct subsidy, petrol 2 rs less, but what is to stop an index on steroids, bad numbers with iiip data, no problem, I'll go to a new high. I feel market wants to touch 8200 before going down. Well Mr jhunjhunwala is making a million dollars a day, how much are we making? Are we missing the woods for the trees?

 

[healthraj]

Major / Minor Support , Resistance and Pivot calculator

Based on the request from vssoma (swamy), I had made the excel to calculate the Pivot, Resistance and Support for the Major and Minor Trend based on my Standard deviation method. Those who want to refer the method can download. Only "Close" value is used.

http : // www. 4 shared. com/ file/ YgPahcIxce/ Venkatasamy_chart.html

The chart looks as below.

 

[ram2010]

Cash direct subsidy, petrol 2 rs less, but what is to stop an index on steroids, bad numbers with iiip data, no problem, I'll go to a new high. I feel market wants to touch 8200 before going down. Well Mr jhunjhunwala is making a million dollars a day, how much are we making? Are we missing the woods for the trees?

Be unbiased. you can also earn atleast 1 % of jhunjhunwala's earnings.:thumb:

jhunjhunwala's portfolio of 4100 crore now stood at approx 9200 cr(source- money control).

Enter the market with an empty mind at 9:15.

 

[healthraj]

Today NIFTY Hourly Chart

With this chart, I think one would agree that it is a SELL. Anyways if people see it as opportunity to BUY looking to BREAK the resistance, I think I will leave it to you folks. But my opinion is to SELL Above 7759.

 

[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.

The Chart to Explain the above logic

1. Hits the R2 for the First time. About turn
2. Touches R1.... Goes Sideways.... And then goes down
3. Touches Pivot for the First time... Goes Sideways and Goes UP
4. Touches R1 again... First time and so either it has to go sideways or about turn. Here it is a about turn
5. Touches Pivot... Since the Pivot is touched for second time (First time at 3)... Goes down
6. Touches S1 for the first time and so about turn
7. Touches Pivot.. Goes Sideways... No straight breakout
8. Trading along the Pivot.... and goes down
9. Touches S1 and goes sideways...
10. Touches S2 for the first time - So about turn
11. Touches S1 for the first time and so what next ? -Either go Sideways and Trade along S1 or a About Turn

 

[rajesh_]

I always confuse about sell and buy. I'm new to trading. Please correct my understanding.

Sell above - buy put @7759

Basically sell means puts and buy means call right?