NIFTY Options Trading by RAJ

[Option.Trader]

OK thanx OT for quick answered.





angira...

Look out closely for 2 possibilities , either when nifty drifts down to 8050-8020 levels, look to sell 8000 pe with a twenty points stop loss, or buy 8200 ce if risk aversive, for the more adventurous you can look at selling 8100 pe
Caveat being you don't have 8000 pe Chgoi value > 10% of OI, others all bets are off..it may be one of those rare multi bagger options at a low risk...all the best

 

[angira]

long wait.. What was the maximum drawdown in the meantime ?

what next with this ?

Pair did touch upside near 168.
I think Today has been made maximum low near 103.
Now tomorrow may be gone below 100.

angira...

 

[healthraj]

Dear Raj,

Can u plz analyze ACC and what levels are possible in near term.

Regards,

Chintan

As per the Hourly and Daily charts the Range is 1500-1600. After TRENDING UP from 1375, there is a first sign of Reversal yesterday. But before going down it might test 1600.

So around 1512/18, as per the hourly chart, better to close the SELL and look for further Highs to SELL. If you are a Rangebound / Aggressive trader, you can also buy for 1600.

But Safe is to wait for opportunities to SELL on HIGH as there is a Reversal in Hourly and Daily charts. In weekly charts also the Resistance is at 1610.

 

[healthraj]

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

NIFTY Hourly Chart - Support @ 8064-8076.

Since there is a Reversal in Hourly charts, the Safe trade will be close around 8076 and Look for Highs to SELL.

 

[healthraj]

BANKNIFTY is Rangebound since it has been giving UP and DOWN reversals.

Range is 16000-16300. So SELL around 16300 and BUY Around 16000

 

[healthraj]

Cabinet has cleared 5% share sale of ONGC, can anyone suggest what would be the effect on share price due to this.

ONGC has been TRENDING UP from 380.

As per Options Range is 440-460, Which is the Same range as in Hourly charts.

LTF - SELL in progress - Support will come at 440-438
HTF - See below
Daily - UP Trend - With Resistance at 470
Weekly - Double Top - One top at 470. Second top
around 457 - SELL Triggered.

So in summary, the UP Trend seems to be done. So one should look for Highs like 460/70 to SELL after getting Reversal in HTF or Daily. Right now one can maintain Long till 460/70. Less Risky can Close Long since the SELL is triggered in Weekly

 

[prabhsingh]

I think ONGC has good potential to move towards 483-485 levels.

 

[healthraj]

Global Perspective.

Both Dow Jones and FTSE has shown signs of Reversal. But no SELL Signal Yet

DOW Jones - Might Generate SELL around 17170 or might just trend down

FTSE - Might Generate SELL around 6910 or might just trend down

 

[healthraj]

I think ONGC has good potential to move towards 483-485 levels.

HOW ? Post the chart or technicals

 

[healthraj]

Hourly Chart for the HEROMOTOCO

HEROMOTOCO has been trending down from 2830 and given 120 points. As per the LTF and HTF, the TREND is still down and the next target could be 2670/80.

Hourly Chart of HEROMOTOCO. TREND Is Still DOWN.