NIFTY Options Trading by RAJ

[healthraj]

Raj,

Can Nifty SPOT come to 7800 levels?

As per the Weekly Chart the Support is at 7512. So Technically it can test 7800 as well

 

[healthraj]

Hourly and LTF charts

Hourly Chart - Buy triggered - Can Test 8143 spot and/or 8180 spot

LTF - Support is at 8096 SPOT

There was breakdown in the hourly chart @ 8092 SPOT and Trend down in LTF. Until we see a Reversal in LTF, the Down move can continue

 

[healthraj]

Weekly Futures - SELL Triggered above minor Trend resistance 16248. Major Resistance at 16518

Hourly SPOT Chart - BUY Triggered - Can test 16230 SPOT and/or 16401

In LTF, Support is at 15995 and BUY Triggered. In hourly charts, BUY Triggered below 15989 - Minor Trend support. Major support at 15965

 

[n91guruji]

In LTF, Support is at 15995 and BUY Triggered. In hourly charts, BUY Triggered below 15989 - Minor Trend support. Major support at 15965

HI Raj,

Can you share the formula of this image...?? is it done in excel???

 

[manoj2012]

In LTF, Support is at 15995 and BUY Triggered. In hourly charts, BUY Triggered below 15989 - Minor Trend support. Major support at 15965

I am a new trader. sorry to be naive. what is LTF.

THANKS

 

[healthraj]

In LTF and HTF, There is a Reversal and a BUY Generated @ 8065 SPOT. But the Major trend is DOWN. So NIFTY can test 8130 SPOT again. So I would look to SELL on highs rather than buying now....

 

[healthraj]

I am a new trader. sorry to be naive. what is LTF.

THANKS

LTF - Lower Time Frame (Timeframe depends on the scrip. For NIFTY now I use 6 minute chart. For BANKNIFTY now I use 12 min)
HTF - Higher Time Frame (I normally use hourly chart for HTF)

 

[healthraj]

In LTF and HTF, There is a Reversal and a BUY Generated @ 8065 SPOT. But the Major trend is DOWN. So NIFTY can test 8130 SPOT again. So I would look to SELL on highs rather than buying now....

The Reason I don't want to BUY is, it can either test High such as 8130 or can go FLAT and Trigger SELL again...

 

[healthraj]

HI Raj,

Can you share the formula of this image...?? is it done in excel???

Hi,

Yes the charts is done in Excel. I will not be able to share it freely because this is the result of my five years hard work.

But I can give you a hint that this is based on the Polynomial curves. Normally people try and fit the Stock movement in a Linear Trend. But stock does not move in a Linear fashion. So I have attempted to fit the Stock movement in the Polynomial curves.

 

[manoj2012]

Raj Bro,

If you don't mind, would you like to share with us the criteria used by your system for triggering a BUY or a SELL ?

For example like - in case of OPTIONs -
CHG in OI > Volume - Better to Sell the strike
CHG in OI < Volume - Better to Buy the strike

THANX