NIFTY Options Trading by RAJ

[healthraj]

NIFTY in LTF hit support and Triggered a BUY around 7950. If it goes up from here the Resistance would 7970.

As per the Hourly charts the Resistance is at 7995.

In Daily, Weekly and Monthly Future charts the TREND is still UP.

But in Weekly Chart, there is signs of Reversal with a U formation, with Channel Resistance at 8056.

As per the SEP-14 Options data, today there is a High probability of hitting 8000.

 

[prabhsingh]

Reliance Industries has to hit close to 1010 levels.

 

[sabhlok_r]

I think being the last day of the Expiry, will be good to take positional Calls for this month.

This is the first time, I am getting into the positional trades after 5 months mostly trading NIFTY.

So I am just buying 1 lot in each of the above.

TATAMOTORS 520 PE @ 12.5
BPCL 680 PE @ 25
HEROMOTOCO 2550 PE @ 38

Note : As our Facebook founder says, the most riskiest thing in this world is not taking any risk. So let me take some risk and see what Facebook founder says is true.

Raj, You could add yesbank to the list. Ideal short level is 590 spot. Target 556/ 545 / 520, sl is 600.

 

[healthraj]

NIFTY in LTF hit support and Triggered a BUY around 7950. If it goes up from here the Resistance would 7970.

As per the Hourly charts the Resistance is at 7995.

In Daily, Weekly and Monthly Future charts the TREND is still UP.

But in Weekly Chart, there is signs of Reversal with a U formation, with Channel Resistance at 8056.

As per the SEP-14 Options data, today there is a High probability of hitting 8000.

In LTF the Resistance has moved from 7970 to 7960 and now triggered a SELL. As per the Options data in AUG-14 also it is a SELL

In Hourly charts the Support is at 7930. So one should be careful at 7930, where there might be a Surprise

 

[healthraj]

AUG-14 Performance

13 Trades in August Series

8 Wins. 5 Loss. Net profit 63 points. Average Profit - 19 points. Average Loss - 18 points.

Not a great month.

Just made one change to my system - Modified my system to Polynomial Trend curves instead of Linear Trends hoping to take care of the Trending system. Have been monitoring the new system for the past two weeks and seems to be giving good Entries for Stocks.

Will want to try Stock Options in SEP-14 Series.

 

[healthraj]

SEP-14 Series OI indicates a Narrow Range of 7900-8000 indicating that probably this month will be a month of Breakdowns or Breakouts.

Last year around the same time NIFTY was trading around 5125. Today NIFTY closed around 7950 and has moved 2800 points in one year.

As per Weekly chart if NIFTY touches 8125, then NIFTY would complete 3000 points.

 

[prabhsingh]

Reliance Industries has to hit close to 1010 levels.

This is because Reliance seems to in final leg of triangle pattern.Have a look at attached chart.

 

[prabhsingh]

Raj, You could add yesbank to the list. Ideal short level is 590 spot. Target 556/ 545 / 520, sl is 600.

I dont think its good idea to Short YesBank because i think it could reach to 620 levels very soon.

 

[varesh.et]

I think being the last day of the Expiry, will be good to take positional Calls for this month.

This is the first time, I am getting into the positional trades after 5 months mostly trading NIFTY.

So I am just buying 1 lot in each of the above.

TATAMOTORS 520 PE @ 12.5
BPCL 680 PE @ 25
HEROMOTOCO 2550 PE @ 38

Note : As our Facebook founder says, the most riskiest thing in this world is not taking any risk. So let me take some risk and see what Facebook founder says is true.

Hi Raj,

Are you still planning to hold on Hero motor PE you bought as it is less than 1/2 on price where you bought on.

 

[angira]

All Trend Bullish...

MAX_OI pair 7900-8200
MAX_CHG_OI pair 8000-8100

Raj,

I've sold pair 7900-8100 near 138.

angira...