NIFTY Options Trading by RAJ

[chintan786]

Dear Raj,

Wants to know ur thoughts on Exide. Bought at 181 in Fut.

Regards,
Chintan

 

[healthraj]

Dear Raj,

Wants to know ur thoughts on Exide. Bought at 181 in Fut.

Regards,
Chintan

EXIDE

In LTF and HTF there is a BD. Normally you don't see such BDs in HTF.

In Daily charts the Resistance is at 180.8.

As per the Options also Range is 165-180. So I am not sure if it was a good idea to buy at 181. May be if there is a Pullback in NIFTY then it might test 180 once again.

 

[healthraj]

NIFTY - Both in LTF and HTF the Resistance is around 8070/80. If market opens around these levels, it is an opportunity to SELL between 8072-8082

BANKNIFTY SELL between 16269 to 16299 - One can also see BANKNIFTY Reversing to DOWN

BANKNIFTY is Trending down. In the HTF the Resistance has moved to 16200-230.

BANKNIFTY Trend is DOWN. But in the HTF, it has given a BUY technically between 15928 and 15950.

So from these Levels, Either it has to Go up in which case the REsistance are 16040 (LTF), 16150 (HTF).

OR it has to Go FLAT and Give another SELL signal near the Same Levels.

In Either case it is SAFE to close atleast 50% of the Shorts now. As per the Daily Chart the Support is at 15800.

 

[healthraj]

MAX OI changed to 8000-8100. one Lakh Difference between 8100CE and 8200CE. So 8300 is definitely out of Picture for this Expiry with 17L 8100CE being sold today.

With All the Charts turning DOWN, one should try and find an opportunity to SELL.

There is no Stopping in LTF and HTF. In the Daily Future Charts, the Support is between 7901-36. So may be some bounce back can be expected at those levels.

If 7900 Breaks then as per the Weekly Chart the Next stop would be 7620.

 

[healthraj]

MAX OI changed to 8000-8100. one Lakh Difference between 8100CE and 8200CE. So 8300 is definitely out of Picture for this Expiry with 17L 8100CE being sold today.

With All the Charts turning DOWN, one should try and find an opportunity to SELL.

There is no Stopping in LTF and HTF. In the Daily Future Charts, the Support is between 7901-36. So may be some bounce back can be expected at those levels.

If 7900 Breaks then as per the Weekly Chart the Next stop would be 7620.

MAX OI back to 8000-8200. So may be there is a bounce back to say 8000.

 

[parmit]

MAX OI back to 8000-8200. So may be there is a bounce back to say 8000.

bro..
whts ur view for 2maro trade now..

 

[healthraj]

bro..
whts ur view for 2maro trade now..

The TREND is DOWN in all the Timeframes now. Only in Daily it was FLAT or UP till Last Friday. In Daily also the TREND is DOWN now.

As per the Daily Charts, the support is at 7893-7929. So the Support will be first Tested.

7955 Futures is also the Pivot in Weekly Future Charts. If it breaks then the next stop is Weekly Support which is at 7620.

If 7620 Breaks then the Support will come from Monthly Charts, which is at 7405.

For the time being Keep taking SELLs on Highs. If there is a Reversal will update.

Will post the Charts by EOD.

 

[parmit]

The TREND is DOWN in all the Timeframes now. Only in Daily it was FLAT or UP till Last Friday. In Daily also the TREND is DOWN now.

As per the Daily Charts, the support is at 7893-7929. So the Support will be first Tested.

7955 Futures is also the Pivot in Weekly Future Charts. If it breaks then the next stop is Weekly Support which is at 7620.

If 7620 Breaks then the Support will come from Monthly Charts, which is at 7405.

For the time being Keep taking SELLs on Highs. If there is a Reversal will update.

Will post the Charts by EOD.

:clapping::clapping::clapping::thumb: thanks

 

[healthraj]

Yesterday the Change in OI in NIFTY Puts were around 40L. When the Market is around the Lows and Puts getting squared off indicates that it was Shorts which were getting squared off and not the Longs. It is an indication of Bearishness. The VIX has also went up by around 8% yesterday.

The VIX goes up only due to increase in Volatility in OTM Options. It could be Calls or Puts. But it shows that there is a BIG Move in waiting.

Hope I was right about the 40L Short Puts. Yesterday 40L Short Puts Squared off. Today 47L Shorts added in Calls, 20L only in 8000CE.

So 47L added should be Shorts.

With the Current Options Chain data, the Support is at 7900, Pivot @ 8050 and Resistance @ 8150.

 

[Option.Trader]

Hope I was right about the 40L Short Puts. Yesterday 40L Short Puts Squared off. Today 47L Shorts added in Calls, 20L only in 8000CE.

So 47L added should be Shorts.

With the Current Options Chain data, the Support is at 7900, Pivot @ 8050 and Resistance @ 8150.

The call to go short at 8130 looks perfect, except the support mentioned at 8050-8030 , you could have ridden it all the way. Just the fact of 10l unwinding in 8000pe may have been a pointer to break of that level, otherwise picture perfect