NIFTY Options Trading by RAJ

[healthraj]

Quote:
Originally Posted by healthraj View Post
MARUTI - For Positional Not for Intraday

MARUTI in the Daily Charts seems to be forming a double top around 2980 Futures. Today Triggered a SELL above 2961.

LTF - Resistance @ 2968 SPOT - Still in UP Trend
HTF - Forming a W pattern, with Pivot @ 2962 and Resistance @ 2995.
Weekly - UP Trend with Resistance @ 3000

As per the Daily Chart the Targets are 2892 (Pivot) and 2800 (Support 2)

Watch to Take a SELL accordingly. Wait for Reversal in LTF and HTF

As per the Options Chain the Range is 2700-3000. So SELLing around 2980-3000 Should be Good
sir, does it still a good strategy to sell at 3000.





Raj Sir,

As per strategy i am short on Maruti(Oct) @ 3040, since then it has made a high of 3140, cmp is 3075.

What should be the target here?

thanks

The Situation has changed very much since 18-Sep. So better to close Maruti today. It is in an UP Trend and Triggered Buy signals in LTF and HTF.

In the Daily Charts there is a SELL around 3104. But since the Trend is UP, it is not sure whether it will come down.

 

[healthraj]

OCT-14 Trade 1
In the Month of SEP-14, I did not take any Trades, since I was fine tuning my system.

My First Trade in OCT-14 Series.

Looking at the Major Trend in Daily Charts, The Range Seems to be 8066 - 8372.

So I am selling the Pair 8000-8400 for a Combined Premium of 120. 8000PE@101. 8400CE@19.

My Bias is UP

Closed the Strategy with 10 points since the MAX OI has changed to 7800-8200

 

[healthraj]

NIFTY and BANKNIFTY

Every BUY Signal is getting disappeared and Support Levels are moving down.

NIFTY :
LTF : Support @ 7969. HTF : Support @ 7913. Daily Support @ 7917. So I think one should wait for Lower Levels to Buy.

The TRENDS in LTF and HTF is DOWN. In Daily Major Trend is UP. Minor Trend is DOWN

BANKNIFTY :
LTF : TRENDING DOWN. Right now touched the bottom at 15542. May be it go FLAT or TREND DOWN further from here.

HTF : Also Trading below support 2

Daily : The support is at 15420. So may be at 15420 One can Buy. Otherwise Stay short...

 

[prabhsingh]

Raj,

Is it possible that today we hit SPOT 8030 - 8050?

 

[healthraj]

Raj,

Is it possible that today we hit SPOT 8030 - 8050?

Yes Normally the Expiry is near the Pivot. So the Minor Trend Pivots for LTF , HTF and Daily are at 7983, 8007, 8041. So there is a possibility of expiring around 8040 as per Daily Pivot. If NIFTY Gets support at 7960

 

[healthraj]

OCT-14 Trade 2

I am selling the Pair 7950-8300 for a Combined Premium of 120.

SELLing once again since NIFTY is trading near the Support in LTF, HTF and Daily charts. My Target is 25 to 30 points.

My Bias is UP.

 

[rajesh_]

Looks like Sell triggered

 

[vssoma]

dear,
the pair of 7950PE+8000CE , how it could be for to day.... total premium is 16-17
will it minimum double....???

 

[healthraj]

dear,
the pair of 7950PE+8000CE , how it could be for to day.... total premium is 16-17
will it minimum double....???

Probability of Expiring above 8000 is higher compared to Expiring below 7950. If expires between 7950 and 8000 then your pair will become worthless. So you should hope for an expiry above 8000.

 

[lemondew]

maxpain at 8000