NIFTY Options Trading by RAJ

[Option.Trader]

NIFTY Levels for Tomorrow

See the NIFTY and BANKNIFTY hourly charts for tomorrows trading.

Tomorrow if there is GAP Down then that means the 5515 SPOT level would be taken and then we can see 5400 tomorrow. NIFTY is in the BEAR FLAG State.

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Nifty is at the crucial juncture that started this all... the gap from 5437 to 5527 remains unfilled at 5437-5475. The million $ question is will it take support at 5480 like today or will it fill the gap and then head towards 5000... i would tend to believe in the latter and feel we have missed an opportunity to short.

 

[shiv2012]

5515 is being tested again & again!
All the beaten down Midcaps are flying again. Looks like some strong buying is back.

 

[healthraj]

The Trend is a Weak bear. The market made bottom of 5540. The pivot is at 5594. So let us wait till the market reaches 5590 to SHORT

 

[healthraj]

The Trend is a Weak bear. The market made bottom of 5540. The pivot is at 5594. So let us wait till the market reaches 5590 to SHORT

NIFTY has turned into a STRONG BEAR because the 5400 has turned from BULL to BEAR. But no big volume in 5400. To confirm this Bearishness, We have to watch 5500. As long 5500 is bullish we have to cautious on taking Short at this stage.

 

[healthraj]

NIFTY has turned into a STRONG BEAR because the 5400 has turned from BULL to BEAR. But no big volume in 5400. To confirm this Bearishness, We have to watch 5500. As long 5500 is bullish we have to cautious on taking Short at this stage.

Hope you did not Short at those levels because after that market jumped from 5550 to 5565. If you want to Short, Short around 5570 with Stoploss as 5590. Or wait and short around 5580-5590

 

[VJAY]

Perfect bearish??????

 

[sabhlok_r]

Hope you did not Short at those levels because after that market jumped from 5550 to 5565. If you want to Short, Short around 5570 with Stoploss as 5590. Or wait and short around 5580-5590

one interesting observation Raj.....net change column in both CE and PE is negative today (barring a couple of them)

 

[Option.Trader]

Perfect bearish??????

Does this chart indicate breakout on upside @5650 with red ce line intercepting with White trend line?

 

[Vikas Korde]

On mtp tool it shows by above 5531 and sell below 5514 for 30 minute renko chart that are spot levels then what will do raj sir

 

[healthraj]

Those who want to Short can go Short now @ 5580-5590

I have Short at 5583