NIFTY Options Trading by RAJ

[mvkarthik]

Hi raj sir

i install offie2013,when i open the your option tool, i get this massage
http://postimg.org/image/midpylnrd/

thank you

 

[healthraj]

Hi raj sir

i install offie2013,when i open the your option tool, i get this massage
http://postimg.org/image/midpylnrd/

thank you

You should be able to find a solution in my other thread.

http://www.traderji.com/advanced-tr...s-winning-20-trade-nifty-futures-bac-249.html

 

[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

Charts Based on which Calls Triggered

NIFTY

BANKNIFTY

SBIN

 

[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.

@ Around 1:45 PM Today
NIFTY

BANKNIFTY - You can see the Minor Trend going UP and so the SELL was a Risky

SBIN - You can see the 2414 SELL gone - SELL Triggered and where Caution was made for the SELL. But the TREND is STILL DOWN

 

[healthraj]

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.

Hourly Charts at the EOD based on which the above Call was given
NIFTY

BANKNIFTY

SBIN

 

[healthraj]

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 @ 8082 10:42
Step 2. After a Reversal Look for a Entry point. - SELL Triggered on 22-SEP @ 14:42 @ 8155
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.

Hourly Chart to illustrate the Steps

 

[healthraj]

Similar Daily Patterns in FTSE, DOW Jones and NIFTY in the Daily Charts.

So one Can Easily do some Trading in DOW Jones and FTSE.

NIFTY Daily

FTSE Daily

 

[suri112000]

Dear healthraj,

Is SBIN warranting a sell on Monday! I am holding longs in SBIN hence confirming.

 

[copypasteaee]

Dear healthraj,

Is SBIN warranting a sell on Monday! I am holding longs in SBIN hence confirming.

nothing is sure in trading. Trade it as it looks. If you have longs you must be having a stop loss. just trail your stop and stop worrying about anything else.

 

[Option.Trader]

Hourly Chart to illustrate the Steps

Is there anything that you have worked out on the positional side.. something that can be strategized looking at EOD charts and then put into motion as many of us are working full time and would not have access to any sort of charting software for tracking it so closely

I loved your OTP idea , but backtesting proved otherwise.. anything on option side other than selling?