NIFTY Options Trading by RAJ

[healthraj]

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.

8064 tested.

Less Risky can close the SELL and Wait for a Fresh SELL signal, since the TREND is down

Aggressive Can BUY -

For those who follow the Trend the Signal is Still a SELL

 

[healthraj]

As per LTF, one can SELL NIFTY at 8080 for Target of 8050

 

[healthraj]

What Will happen NIFTY Daily Trend ?

Weekly is DOWN, HTF is down, LTF is down.... But Daily is still in UP Trend.

Today NIFTY is in an UP TREND.

Today it is as below with the support at 8000 - Assuming it makes low 8050 as in hourly charts and LTF

Tomorrow if it Tests 8000 / 7950 - Then the Daily Trend will Reversed to DOWN.

So 8050 is Crucial for the TREND. Going below will Reverse the TREND...

 

[healthraj]

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

Today moving below 440 has changed the TREND of ONGC. Today possibly it can test 430 as per LTF and HTF. 430 is also the support in the Daily Chart...

 

[prabhsingh]

HOW ? Post the chart or technicals

The quote is for positional trader only.In the medium time fram it can crack upto 421 or 412 levels as well but its good stock to add in one's portfolio from investor's pespective.

Technicals as follow.Low = 384 and High = 458 and then you take Fib retracment you get following:

0.38 = 430 (Today's LOW was 428)
0.50 = 421
0.618 = 412

 

[parmit]

What Will happen NIFTY Daily Trend ?

Weekly is DOWN, HTF is down, LTF is down.... But Daily is still in UP Trend.

Today NIFTY is in an UP TREND.

Today it is as below with the support at 8000 - Assuming it makes low 8050 as in hourly charts and LTF

Tomorrow if it Tests 8000 / 7950 - Then the Daily Trend will Reversed to DOWN.

So 8050 is Crucial for the TREND. Going below will Reverse the TREND...

bro.
is nifty showing any sign of correction or weakness...
what is monthy and weakly trend in ur chart..

thanks in advance

 

[chintan786]

Dear Raj,

Hexaware Hitting 52 Week High daily. Can u plz analyse this. If some steam left in it.

I bought 1 lot in Fut @ 182.

Also wants to know what kind of Charts u are posting. I mean what these lines are.

Regards,
chintan

 

[healthraj]

bro.
is nifty showing any sign of correction or weakness...
what is monthy and weakly trend in ur chart..

thanks in advance

I think you can wait till tomorrow to see the TREND. If it moves BELOW 8050/00 then DOWN Trend will be confirmed in Daily charts. Otherwise NIFTY will test 8300. We should know the result tomorrow.

I have already posted the Weekly chart
In Weekly - The Resistance is at 8200 and the TREND is DOWN
Monthly - TREND is UP

 

[healthraj]

Dear Raj,

Hexaware Hitting 52 Week High daily. Can u plz analyse this. If some steam left in it.

I bought 1 lot in Fut @ 182.

Also wants to know what kind of Charts u are posting. I mean what these lines are.

Regards,
chintan

HEXAWARE Today showed some signs of Reversals in Hourly chart.

As per the MAX COI also there is a Reversal today
175CE = -22K
180PE = 20K

But there is no SELL Signal Yet LTF, HTF, Daily or Weekly charts.

In Monthly charts there is a SELL signal above 166.

As per Weekly and Daily the Resistance is around 186/187.

As per Hourly charts, I think it should minimum test 184.

These charts are based on Polynomial Regression and Standard deviation. In an UP Trend, if one gets between the two green lines, one can BUY. In an DOWN Trend if one gets between the orange and Red lines then one can sell.

The Bands are formed with 1.5 times (Light green and Orange lines) the Standard deviation, 2 times the standard deviation (Red and Dark green lines)

The Targets should be for an UP Move,
Close 50% at the Blue line
Close 100% at the Orange / Red line

 

[parmit]

HEXAWARE Today showed some signs of Reversals in Hourly chart.

As per the MAX COI also there is a Reversal today
175CE = -22K
180PE = 20K

But there is no SELL Signal Yet LTF, HTF, Daily or Weekly charts.

In Monthly charts there is a SELL signal above 166.

As per Weekly and Daily the Resistance is around 186/187.

As per Hourly charts, I think it should minimum test 184.

These charts are based on Polynomial Regression and Standard deviation. In an UP Trend, if one gets between the two green lines, one can BUY. In an DOWN Trend if one gets between the orange and Red lines then one can sell.

The Bands are formed with 1.5 times (Light green and Orange lines) the Standard deviation, 2 times the standard deviation (Red and Dark green lines)

The Targets should be for an UP Move,
Close 50% at the Blue line
Close 100% at the Orange / Red line

bro..
any other stock in downtrend expect herohonda ( :clap::clap: awesome call)