NIFTY Options Trading by RAJ

[abb24]

Dear Raj
I m following yr formula of 120.One support/resist price min. 90/-. It has really proved beneficial. Can I follow the same for stocks.
Regards,
ABB

 

[healthraj]

Dear Raj
I m following yr formula of 120.One support/resist price min. 90/-. It has really proved beneficial. Can I follow the same for stocks.
Regards,
ABB

What is this formula of 120 ? I look for 1.2% in NIFTY as the target.

 

[healthraj]

BANKNIFTY is SELL around 15200 and NIFTY was also waiting for BANKNIFTY to test 15200. In Both the LTF and HTF SELL Triggered in BANKNIFTY.

SELL for a Target of 14850, 14500,

As per the Options also 15200 is bearish.

 

[healthraj]

This RALLY seems to be a Never ending Rally. So it will be frustrating for the BEARs. As per the Options there is still no Sign of a DOWN movement. Today till 7850 it is indicating Bullishness. So it has been a very good ride for the BULLs so far.

I am still holding my 7600 PE Bought @ 25. There is no point closing it now @ 12.5. I will hold it till this Friday EOD.

May be I will lose 25 points or Make 100 points. The points that I made in JUL and so far in AUG should make up for it.

But there is one important thing that I have observed. When we want to play for a BIG profit, it is better to take the positions on a Monday and close it on a Friday.

 

[jassinko]

as far as your experience is, raj bro, have you seen anything like this before where change in OI is adding continously of over 1M evryday on put strike but people are still predicting crash when 7700 also took over by bulls (more than 7mn OI)

This RALLY seems to be a Never ending Rally. So it will be frustrating for the BEARs. As per the Options there is still no Sign of a DOWN movement. Today till 7850 it is indicating Bullishness. So it has been a very good ride for the BULLs so far.

I am still holding my 7600 PE Bought @ 25. There is no point closing it now @ 12.5. I will hold it till this Friday EOD.

May be I will lose 25 points or Make 100 points. The points that I made in JUL and so far in AUG should make up for it.

But there is one important thing that I have observed. When we want to play for a BIG profit, it is better to take the positions on a Monday and close it on a Friday.

 

[Option.Trader]

This RALLY seems to be a Never ending Rally. So it will be frustrating for the BEARs. As per the Options there is still no Sign of a DOWN movement. Today till 7850 it is indicating Bullishness. So it has been a very good ride for the BULLs so far.

I am still holding my 7600 PE Bought @ 25. There is no point closing it now @ 12.5. I will hold it till this Friday EOD.

May be I will lose 25 points or Make 100 points. The points that I made in JUL and so far in AUG should make up for it.

But there is one important thing that I have observed. When we want to play for a BIG profit, it is better to take the positions on a Monday and close it on a Friday.

The only issue is how long do you hold. I had bought 7700ce almost at bottom for 50, but just couldn't make out when to exit. That's still a struggle,bcoz when you make money you have to make it big

 

[lamerider]

This RALLY seems to be a Never ending Rally. So it will be frustrating for the BEARs. As per the Options there is still no Sign of a DOWN movement. Today till 7850 it is indicating Bullishness. So it has been a very good ride for the BULLs so far.

I am still holding my 7600 PE Bought @ 25. There is no point closing it now @ 12.5. I will hold it till this Friday EOD.

May be I will lose 25 points or Make 100 points. The points that I made in JUL and so far in AUG should make up for it.

But there is one important thing that I have observed. When we want to play for a BIG profit, it is better to take the positions on a Monday and close it on a Friday.

Raj Sir, kindly help me in understanding why do you feel like this. Isnt it more fruitful to short on friday with an upmove when prediction is bearish..

 

[healthraj]

as far as your experience is, raj bro, have you seen anything like this before where change in OI is adding continously of over 1M evryday on put strike but people are still predicting crash when 7700 also took over by bulls (more than 7mn OI)

Please remember the Open Interest need not be always a SELL. In case of a Strong Reversal it can be a BUY also. But normally when the market is Range bound the OI indicates a SELL.

This is not the first time. Actually the Previous UP from 7475 was very much similar, and it went till 7862 and then corrected till 7550.

The Channel Resistance in Daily Futures chart is at 7850 Futures. So the BEARs can keep their Hope Alive @ 7850

 

[healthraj]

Raj Sir, kindly help me in understanding why do you feel like this. Isnt it more fruitful to short on friday with an upmove when prediction is bearish..

If you are SELLing options, and if the VOLT had gone up on Friday then it is good to SELL on Friday itself so that you make some profit due to the Time factor. But when you want to BUY options, Due to Time factor, you will anyway get the Options cheaper on Monday.

 

[jassinko]

Health bro....ur previous rules says that if Max OI changes then price usually go near to that strike during expiry........is this rule valid for trending market or is it for range bound.......max OI of 7700 put is now highest.....

If you are SELLing options, and if the VOLT had gone up on Friday then it is good to SELL on Friday itself so that you make some profit due to the Time factor. But when you want to BUY options, Due to Time factor, you will anyway get the Options cheaper on Monday.