NIFTY Options Trading by RAJ

[healthraj]

TATAMOTORS Analysis.

MAX OI at 260-300. So for this expiry the Resistance is at 300 and Support is at 260.

For Tomorrow play according to the Pivots.

In the Hourly charts it is in an UP Trend. So if 283 is broken then that means 300 could be the target. Otherwise we can get at least 272. It closed at 278.

Chart from my MTP tool

so did you trade TATAMOTORS today. It broke 283 and gave 5% on the UP side. Now it has gone below 283 and so can test 272 or even 260

 

[healthraj]

5400 has become FLAT because PUTs are squared and Calls are also getting squared. 5500 is bullish. 5600 is indicating BEAR. So today those who have short at 5585, it would be a Tricky game I think. So trade with tight Stoploss

OAT tool is still indicating a STRONG BEAR because the Goal post has lifted from 5500 to 5600.

 

[healthraj]

Always look at the 30min and 60 min chart - For now 30 min chart shows a breakout above 5531, which is correct and 60 minute shows a BEAR FLAG, with pivot at 5576 SPOT. So concentrate on the market when the market is around 5575 SPOT to trade down or UP.

Those who have gone short around 5585, hold with a stoploss of 20 points (5605) which is also yesterday's high.

As mentioned above, NIFTY Spot made high 5567 and Testing those who have Gone short. Now NF is at 5576. Who knows it might once again Test 5575 SPOT, which is the Top of the channel in the Hourly chart.

Hope Europe would be come to the rescue of the BEARS today

 

[sabhlok_r]

so did you trade TATAMOTORS today. It broke 283 and gave 5% on the UP side. Now it has gone below 283 and so can test 272 or even 260[/QU

yes I did....thanks to u for the input...took 290ce in the morning, booked and now holding 260pe.......:thumb:

ps: i am yet to install office 2007 on my system so rely solely on nse site for option details

 

[healthraj]

If 5567 NIFTY SPOT Breaks on the UP side then I will close the Short taken at 5583 NF

 

[Option.Trader]

If 5567 NIFTY SPOT Breaks on the UP side then I will close the Short taken at 5583 NF

Did you come out

 

[healthraj]

If 5567 NIFTY SPOT Breaks on the UP side then I will close the Short taken at 5583 NF

This is the Second hit and 5567 did not break.

 

[sabhlok_r]

This is the Second hit and 5567 did not break.

Raj....what is the target for this short?

 

[healthraj]

I am closing the Shorts at cost. It does not seem to work.

 

[healthraj]

Leaving for the day. See you all on next Monday.