NIFTY Options Trading by RAJ

[healthraj]

Raj,

Can you quote the likely range nifty would be around 22 - 25 september range.
a) if nifty goes up what range it would be
b) if nifty goes down what range it could
c) If it is flat what range it would be

Thanks

I cannot predict what would be the direction. My bias is down since market in this month moved 450 points non stop.

As per the Major Trend in Daily, Weekly and Monthly Future Charts
TOP is 8150, 8150, 8520,
Bottom is 7750, 7440, 7020

As per the Channel (Minor Trend) Daily, Weekly and Monthly Future Charts
TOP is 8050, 7988, 8200 - Around 8200 it is a SELL
Bottom is 7830, 7590, 7330 - Around 7330 it is a BUY

From a market Sentiment point of view, Looking back from Diwali we have 2 months. And mostly around Diwali NIFTY normally is Bullish and makes a High and one month before that we can expect some Huge BUYs (Say around 25-SEP). So whatever down move is pending needs to happen before 25-SEP.

From 25-SEP, I think one can start Buying for Diwali.

 

[healthraj]

7600PE Bought in AUG-14 Series has become worthless now. So 25 points gone.

Bought 7700PE Yesterday at 35 in SEP-14 Series. Will hold this for this month until 20-SEP. Since I had made some profits in JUL-14 am able to take such risky trades.

JUL-14 was the best month and the AUG-14 is the worst so far
Let us see how SEP-14 goes.

 

[healthraj]

SBIN is looking Weak in all the charts. One might Get 2200 in SEP-14 - 300 points from the current levels.

U Turn in LTF
U Turn in HTF
SELL in Daily, with Channel support at 2435, if broken can goto 2300
U turn in Weekly charts with pivot at 2245 and Channel Support @ 2034
Monthly Charts - Made high in May @ 2833 and Generated SELL - This month Tested Pivot once again at 2589. Next target is the channel support @ 2200 and Support @ 2113.

SBIN after reaching 2475 triggered a BUY and has been trading FLAT. Now a SELL is triggered in LTF. If the SBIN goes down from here, the target is 100 points.

 

[timepass]

SBIN after reaching 2475 triggered a BUY and has been trading FLAT. Now a SELL is triggered in LTF. If the SBIN goes down from here, the target is 100 points.

A buy it was.. so what's next on this for intraday ? The next 2 days are going to be choppy so some guidance will be nice.

 

[healthraj]

A buy it was.. so what's next on this for intraday ? The next 2 days are going to be choppy so some guidance will be nice.

I will leave it to you to decide based on the below charts

Weekly

Daily

HTF

LTF

 

[healthraj]

NIFTY charts

Monthly

Weekly

Daily

HTF

 

[healthraj]

BANKNIFTY Charts

Monthly

Weekly

Daily

HTF

 

[angira]

Raj can one sell MAX_OI pair at last expiry week ?
Suppose
At Monday
I have sold MAX_OI pair 7800/8000 near 26
today pair@8

Also have sold MAX_CHG_OI pair 7900/8000 near 42
today pair@19

angira...

 

[healthraj]

Raj can one sell MAX_OI pair at last expiry week ?
Suppose
At Monday
I have sold MAX_OI pair 7800/8000 near 26
today pair@8

Also have sold MAX_CHG_OI pair 7900/8000 near 42
today pair@19

angira...

Ideally it is a good strategy.

 

[healthraj]

As per the Options data in SEP-14 Series, NIFTY will test 8025/50.