NIFTY Options Trading by RAJ

[prabhsingh]

It seems going off with the Basics.If continously HH are being made why should be chasing resistance and tops?Instead go with the FLOW and any dip should be taken as an opportunity for going LONG.

 

[timepass]

Well Raj, we look forward to your recommendations for selling the daily pair of options.

 

[jetking]

Well Raj, we look forward to your recommendations for selling the daily pair of options.

selling pair in one way mkt is not a good idea

until u know and ready to adjust your positions frequently

 

[healthraj]

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

It seems going off with the Basics.If continously HH are being made why should be chasing resistance and tops?Instead go with the FLOW and any dip should be taken as an opportunity for going LONG.

In the Daily charts - NIFTY was trending till 7900, (19-Aug)
- Went Flat till 28-Aug
- Trending from 29-Aug to 03-Sep.

The important point is what timeframe you follow to take your entry.

LTF - TREND UP
HTF - TRENDING UP from 25-Aug and Reversed on 08-SEP and SELL Triggered above 8170
Daily - TREND IS UP from 23-May or Earlier
Weekly - TRENDING up for the past 56 Weeks from Aug-13, And first Reversal came at 7880 (22-Aug week) - So TREND is DOWN
Monthly - TREND IS UP from Aug-13.

So finally it depends on which timeframe you use.

 

[healthraj]

selling pair in one way mkt is not a good idea

until u know and ready to adjust your positions frequently

If you are sure that it is a one way, you can still SELL a pair.

 

[angira]

Raj/OT,

8000pe has enough OI to short now or not ?

angira...

 

[lemondew]

Raj,

Very nice charts. Says a lot. 8000 and 8300 seems to be range wont be broken from OI and your charts unless we ve negative surprise from courts today.

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]

In the Daily charts - NIFTY was trending till 7900, (19-Aug)
- Went Flat till 28-Aug
- Trending from 29-Aug to 03-Sep.

The important point is what timeframe you follow to take your entry.

LTF - TREND UP
HTF - TRENDING UP from 25-Aug and Reversed on 08-SEP and SELL Triggered above 8170
Daily - TREND IS UP from 23-May or Earlier
Weekly - TRENDING up for the past 56 Weeks from Aug-13, And first Reversal came at 7880 (22-Aug week) - So TREND is DOWN
Monthly - TREND IS UP from Aug-13.

So finally it depends on which timeframe you use.

LTF - BUY triggered @ 8134 today

HTF - The Signal is FLAT since there is a TREND Reversal - Probably it will become a BUY

DAILY - LONG Active from 7540 - Hope the SELL would be triggered only around 8300/25.

Weekly - There is a Reversal and a SELL Triggered.

Today the MAX OI also changed to 8000-8300, indicating that 8300 might be met. So one should look for Dips around 8050/80 and BUY for the Target of 8300

 

[healthraj]

HTF - The Signal is FLAT since there is a TREND Reversal - Probably it will become a BUY

The above Hourly chart is for a Low Risky OR Trading with the TREND. If one were to Take all the Trades or have Rangebound mind, the Signals would be as below. So Rangebound trading is for Aggressive Traders

So for the past one month, I have not been trading and just testing my system.

Unfortunately I don't think it will work for Rangebound stock or May be signals would be late

 

[timepass]

BNF please..