NIFTY Options Trading by RAJ

How do you use OAT tool?

  • For Intraday Naked Options trading

    Votes: 58 37.7%
  • For Intraday Pair trading of Options

    Votes: 27 17.5%
  • For Intraday Futures trading

    Votes: 18 11.7%
  • For Positional Naked Options trading

    Votes: 35 22.7%
  • For Positional Pair trading of options

    Votes: 29 18.8%
  • For Positional Futures trading

    Votes: 11 7.1%
  • To trade in Cash market

    Votes: 13 8.4%
  • Overall trading has improved with OAT

    Votes: 27 17.5%
  • Understanding of Options has improved with OAT

    Votes: 57 37.0%

  • Total voters
    154
  • Poll closed .
Hello Mr. Raj
Whats your view on ONGC now, today it couldn't break 404 level and almost made a doji, seems like it might go up tomorrow, I'm holding some 380PE, is the downward trend still intact.
 
Hello Mr. Raj
Whats your view on ONGC now, today it couldn't break 404 level and almost made a doji, seems like it might go up tomorrow, I'm holding some 380PE, is the downward trend still intact.
Today was a low range day, a lot of scrips made a doji today.
 
Can you please specify what exactly you mean by low range.
Nifty (spot) had a range of only 54 pts today, the futures had a range of 48 pts. You can get a lot of info from nseindia.com

Check out the NF/BNF levels in this post.
 

healthraj

Well-Known Member
For NIFTY As long as 8020 SPOT is not broken UP, the Down Trend will be in place. So Try and SELL around 8000-8020 SPOT.

For BANKNIFTY, The Trend Changing Level is 16030. So if the TREND is not broken SELL around 16000-16030 SPOT.

Aggressive Traders Can BUY now :thumb:. TREND Traders have to Wait and Watch :)
In HTF Trend is STILL DOWN. In LTF it has become Range bound. As per Options the Range is still 7850-8150.

LTF


HTF
 

healthraj

Well-Known Member
For NIFTY As long as 8020 SPOT is not broken UP, the Down Trend will be in place. So Try and SELL around 8000-8020 SPOT.

For BANKNIFTY, The Trend Changing Level is 16030. So if the TREND is not broken SELL around 16000-16030 SPOT.

Aggressive Traders Can BUY now :thumb:. TREND Traders have to Wait and Watch :)
BANKNIFTY
In HTF Trend is STILL DOWN. In LTF it has become Bullish. As per Options the Range is still 15500-16200.

LTF


HTF
 
YES CIPLA is in an UP TREND.

It is still not a SAFE SELL. It is a BUY On Dips. It is Better to SELL when there is some Reversal in the charts. As of now no sign of SELL in any of the time frames. Since it has hit the Resistance on Friday there might be a correction of 1% or 2%. But that opportunity should be used to BUY

As per the Options Chain the Range is 580-640. So you can SELL around 640.
As per the LTF the Support is at 604.5 SPOT. As per the HTF the Support is at 588.9. Pivot at 603.8. So most probably it will be a BUY around 604 (Pivot of HTF and Support of LTF).
Raj sir, today cipla made a low of 604.2 after two consecutive days of fall. Yesterday the high was 639. Is it good buy now at this stage for a target of 640? CMP is 610.15

thanks
 

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