NIFTY Options Trading by RAJ

[copypasteaee]

NIFTY and BANKNIFTY are no way near the Levels that we expected. Anyways during this panic time, one should utilize to BUY. This kind BUY LOW opportunity does not come often.

I used to do lots of buying on such occasions but later on realized this is called counter trend trading and is generally injurious to trading ledger. Just enjoy the fall and flow with it.

 

[umesh12]

Trading holidays in October

02-Oct-2014 Thursday Mahatma Gandhi Jayanti
03-Oct-2014 Friday Dasera
06-Oct-2014 Monday Bakri ID
23-Oct-2014 Thursday Diwali-Laxmi Pujan*
24-Oct-2014 Friday Diwali-Balipratipada

*Muhurat Trading will be conducted.

[/I]

27 Sept (Sat), 28 Sept (Sun), 02 Oct, 03, 04 (Sat), 05 (Sun), 06, 11 (Sat), 12 (Sun), 18(Sat), 19 (Sun), 23, 24, 25(Sat), 26 (Sun) = Market closed 15 days out of 35 days in Oct series, ENJOY option writer :clap::clap::clap:

Add one more of 15.10.14

 

[prabhsingh]

YesBank has very great potential to reach 585 - 597 levels.

 

[healthraj]

I used to do lots of buying on such occasions but later on realized this is called counter trend trading and is generally injurious to trading ledger. Just enjoy the fall and flow with it.

You are absolutely right. A lot of times I also loose doing the Counter Trend trying to BUY LOW or SELL High. So for this month, I am going to Try only the Trades which are in the Trend.

I am going to Choose NIFTY, BANKNIFTY and SBIN.

Going to follow these Simple steps.

Step 1. Look for Reversal in Hourly Chart
Step 2. After a Reversal Look for a Entry point.
Step 3. Buy/Sell at least 2 lots.
Step 4. Close 50% at the Pivot and close 100% at Resistance / Support.
Step 5. After touching Pivot if another BUY/SELL signal comes then BUY/SELL another 50%.
Step 6. Close all the positions when the Daily Resistance or Support is Met or when a Reversal comes in Hourly Charts.

For Example if we have to Take the Recent NIFTY Move on the Down side.

Step 1. Look for Reversal in Hourly Chart - Reversal to DOWN came on 22-Sep @ 8084 10:42
Step 2. After a Reversal Look for a Entry point. - SELL Triggered on 22-SEP @ 14:42
Step 3. Buy/Sell at least 2 lots.
Step 4. Close 50% at the Pivot and close 100% at Resistance / Support - Close 50% on 23-Sep @ 8026. Book 100% on 25-Sep @ 7950/20
Step 5. After touching Pivot if another BUY/SELL signal comes then BUY/SELL another 50%.
Step 6. Close all the positions when the Daily Resistance or Support is Met or when a Reversal comes in Hourly Charts.

 

[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.

Added 8250 CE @ 32.5

Close this Strategy this morning when NIFTY was at 7940 with 5 points Loss.

Will wait and Take the Trade when the Trend is Clear.

 

[healthraj]

Trading with the TREND

No Trades as Per HTF. As per HTF and Daily the SELL should have been closed Yesterday.

As per LTF

NIFTY
SELL Triggered @ 7953 and 7937. Targets 7904, 7883

BANKNIFTY
SELL Triggered @ 15460 and 15356. Targets 15265, 15180.

SBIN.
The Trend is DOWN. SELL Triggered at 2414. Target 2373, 2332

 

[healthraj]

Trading with the TREND

No Trades as Per HTF. As per HTF and Daily the SELL should have been closed Yesterday.

As per LTF

NIFTY
SELL Triggered @ 7953 and 7937. Targets 7904, 7883 - 7904 Met
12:15 PM. Second Target met and closed at 7880. 100% should be closed

BANKNIFTY
SELL Triggered @ 15460 and 15356. Targets 15265, 15180. - Targets Revised as per minor Trend. 15280, 15180. 15280 Met.
12:20 PM Minor Trend is going UP. So Target revised to 15190 and close all positions

SBIN.
The Trend is DOWN. SELL Triggered at 2414. Target 2373, 2332 - 2373 met
12:20 PM : The SELL signal has disappeared. Having booked 50%. The Rest should be closed if goes above 2390.
1:15 PM : The TREND is Still down in LTF. There is a SELL signal once again. Sell another 50% around 2396 (HTF Pivot) for Targets 2341 and 2309. Trade with Strict Stoploss

 

[healthraj]

Trading with the TREND

No Trades as Per HTF. As per HTF and Daily the SELL should have been closed Yesterday.

As per LTF

NIFTY
SELL Triggered @ 7953 and 7937. Targets 7904, 7883 - 7904 Met
12:15 PM. Second Target met and closed at 7880. 100% should be closed

BANKNIFTY
SELL Triggered @ 15460 and 15356. Targets 15265, 15180. - Targets Revised as per minor Trend. 15280, 15180. 15280 Met.
12:20 PM Minor Trend is going UP. So Target revised to 15190 and close all positions

SBIN.
The Trend is DOWN. SELL Triggered at 2414. Target 2373, 2332 - 2373 met
12:20 PM : The SELL signal has disappeared. Having booked 50%. The Rest should be closed if goes above 2390.
1:15 PM : The TREND is Still down in LTF. There is a SELL signal once again. Sell another 50% around 2396 (HTF Pivot) for Targets 2341 and 2309. Trade with Strict Stoploss

NIFTY : SELL again in LTF @ 7908. Should you Take it? Targets are 7873 and 7848. As per the Options Chain the Range is 7850-8150. 7850 already Tested in the morning. So may be if 7850 is the bottom, it might be Tested again. So Try SELLing around 7840+80=Around 7920, if the TREND is STILL down

BANKNIFTY : As per LTF Minor Trend there is a SELL once again at 15337. The TREND is still DOWN. Targets 15243 and 15148. But the Minor Trend is kind of going UP. So only for Risky Traders

SBIN : Sell another 50% around 2396 (HTF Pivot) for Targets 2341 and 2309. Trade with Strict Stoploss.

The TRENDS are Still Down.

 

[healthraj]

NIFTY : SELL again in LTF @ 7908. Should you Take it? Targets are 7873 and 7848. As per the Options Chain the Range is 7850-8150. 7850 already Tested in the morning. So may be if 7850 is the bottom, it might be Tested again. So Try SELLing around 7840+80=Around 7920, if the TREND is STILL down

BANKNIFTY : As per LTF Minor Trend there is a SELL once again at 15337. The TREND is still DOWN. Targets 15243 and 15148. But the Minor Trend is kind of going UP. So only for Risky Traders

SBIN : Sell another 50% around 2396 (HTF Pivot) for Targets 2341 and 2309. Trade with Strict Stoploss.

The TRENDS are Still Down.

Stoploss Triggered for All the Previous Shorts....

SELL NIFTY @ 7993 . Since in HTF and Daily the TREND is Down. SELL Triggered above the Minor Resistance.
SELL SBIN @2448 : A Clear SELL since in HTF Triggered a SELL.
SELL BANKNIFTY @ 15666 : A Clear SELL since in HTF Triggered a SELL.

BUY only when there is a Reversal in HTF. Now in all the HTF and Daily the Trend is DOWN.

 

[Option.Trader]

NIFTY : SELL again in LTF @ 7908. Should you Take it? Targets are 7873 and 7848. As per the Options Chain the Range is 7850-8150. 7850 already Tested in the morning. So may be if 7850 is the bottom, it might be Tested again. So Try SELLing around 7840+80=Around 7920, if the TREND is STILL down

BANKNIFTY : As per LTF Minor Trend there is a SELL once again at 15337. The TREND is still DOWN. Targets 15243 and 15148. But the Minor Trend is kind of going UP. So only for Risky Traders

SBIN : Sell another 50% around 2396 (HTF Pivot) for Targets 2341 and 2309. Trade with Strict Stoploss.

The TRENDS are Still Down.

Looks like a combination of fibo, long term trend line triggered a massive buy, had bought 8100 calls at 58