NIFTY Options Trading by RAJ

[pm_shah]

Thanks Dan for the links and introducing "Goggling" to me..

Before putting the question, I have gone through some of the links but not could not grasp the concept, that's why question to Raj.. hope that helps.

Have a nice weekend!

 

[sahen]

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...

RS,

When I compare two charts of Nifty 1 hr of different dates, say 3rd Sept and 5th Sept EOD, the graph pattern that appeared on 3rd has completely been changed for 3rd Sept on 5th Sept graph.

eg. On 3rd sept graph, last candle of 2nd sept was showing as sell signal, which disappered on 5th Sept chart. Does it mean that we should take call based on only last candle?

Thanks
Sahen

 

[healthraj]

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...

Hourly Charts for NIFTY and BANKNIFTY

As per the Hourly charts, the Trend has changed to DOWN. Longs are closed yesterday. Today or Monday one should look to Create SELL Positions.

NIFTY Hourly Spot

Today in HTF there is a SELL generated between 8130 and 8141.
As per the HTF the Support is at 8040.


As per the Weekly Futures chart, the SELL was generate last week above the Channel Resistance @ 8130. The Major Resistance is at 8190.

 

[prabhsingh]

The LTF, HTF and Daily Resistance is at 850. The Weekly Resistance is around 900.

So if there is a BO @ 850, then 900 is the Target otherwise it can go down to 820

Raj,

COI suggests this stock can hit close to 900 in Sep.Will you agree?

 

[healthraj]

Raj,

COI suggests this stock can hit close to 900 in Sep.Will you agree?

HDFCBANK - As per the Options Chain the MAX COI and OI is at 860-860. So surely there is a BD or BO.

LTF - BUY with Resistance @ 864 - TREND is UP
HTF - BUY with Resistance @ 860 - Trend is DOWN
Daily Futures - Resistance @ 886 - TREND Is UP
Weekly Futures - Resistance is @ 885 - TREND is DOWN
Monthly Futures - Channel Resistance is @ 900 - Trend is DOWN

So I will go with the LTF and HTF and would suppose SELL would be triggered around 860/4 for a Target of 840 (as per HTF). From 840 it can goto 890/900 as per Daily Futures.

 

[healthraj]

Today in HTF there is a SELL generated between 8130 and 8141.
As per the HTF the Support is at 8040.


As per the Weekly Futures chart, the SELL was generate last week above the Channel Resistance @ 8130. The Major Resistance is at 8190.

Today the Weekly Resistance @ 8190 is being tested, which is the major resistance in the Weekly Future charts

 

[prabhsingh]

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

Target achieved by Yesbank.

 

[healthraj]

NIFTY Spot Charts

LTF - TREND is UP with Resistance @ 8190

Hourly - SELL Triggered above 8168.5

Daily - BUY Still Alive - Will it Test the major Resistance @ 8309?

Weekly - SELL Triggered above Channel Resistance 8151.8 / Major Resistance @ 8200.9

 

[healthraj]

BANKNIFTY LTF and HTF

LTF - BUY Still Alive with Resistance @ 16295 - TREND is UP

HTF - SELL Triggered above 16183.5 - TREND has Reversed and is DOWN

Daily - BUY Still alive with channel Resistance @ 16529. Maj Resistance @ 16613 - TREND is STILL UP

Weekly - Buy Still Alive. with Channel Resistance @ 16292. Maj Resistance @ 16599. TREND Revered to DOWN

Monthly - TREND is UP with Resistance @ 18284

 

[Option.Trader]

NIFTY Spot Charts

LTF - TREND is UP with Resistance @ 8190

Hourly - SELL Triggered above 8168.5

Daily - BUY Still Alive - Will it Test the major Resistance @ 8309?

Weekly - SELL Triggered above Channel Resistance 8151.8 / Major Resistance @ 8200.9

We have been chasing the resistance right from 7900, markets just keep making higher highs