NIFTY Options Trading by RAJ

[healthraj]

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.....

The OI rule applies both to Range bound and Trending system. From OI we cannot make out if it is Trending or not

 

[coolbull]

It seems Nifty is Bullish in all 3 months (aug-sep- oct) with max pain shifting towards 7800 from 7600(start of this series)

 

[Option.Trader]

All time high hit, instead of looking to add to my position, was looking to short... Didn't work out. Will look to renter now that trend is firmly established

 

[prabhsingh]

Will go Long in Titan and Relcapital.

Thoughts Welcome.

 

[Option.Trader]

This is what confuses the hell out of me... I agree with your analysis Raj, but Nifty seems to have a mind of its own... i'm lucky i was on the right side of it with my call yesterday, but alternate days of ups & downs is killing the trader.. .i played based on Fibo supports and OI ChgOI, but cant cross my heart and say, this is it.. 7600 CE @95 yesterday is trading @125 now.. it looks like a throw of dice everyday

There is something that Open interest does provide. The original buy gave 170 points in a week, but how do you set the target. Fibo would have worked

 

[healthraj]

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

The Channel Resistance had moved to 7880. As per the Range bound Technique, SELL Triggered in Daily Futures Chart above 7880 Futures. The Major Trend Pivot is at 7930 Futures, which could also be Tested.

In the HTF, The Channel Resistance is at 7880 SPOT, Pivot @ 7844 SPOT and Support @ 7808 SPOT. Major Support 1 @ 7801. So a Strong move Below 7800 will confirm a down move. Otherwise stay long.

 

[healthraj]

Sold 7450-7950 Pair for 121 in the SEP-14 Series.

 

[abb24]

Dear Raj Saheb,
The formula of 120 is as per yr thread. I m choosing strike price near supp.or resistance and with one option price min.at 90 and other strike price such that total becomes 120 or more. Kindly give yr comments on precautions I should keep in mind.
Regards,
abb

 

[lamerider]

Sold 7450-7950 Pair for 121 in the SEP-14 Series.

sir, kindly help me understand the reason behind this spread for sep series...

 

[healthraj]

Sold 7450-7950 Pair for 121 in the SEP-14 Series.

sir, kindly help me understand the reason behind this spread for sep series...

In the hourly charts, Yesterday the Resistance was at 7910 and Support @ 7510. So I had sold the Strikes away from the Support and Resistance.

7950 is away from 7910 and 7450 is away from 7510. Plus I also need to get a Premium of 120+ and so I chose SEP-14 Series instead of AUG-14 Series.