NIFTY Options Trading by RAJ

[prabhsingh]

My take on SBI SPOT is as follow:

If 2462 gets broken then it will go till 2500 which is 50% retracement and at these levels Shorts can be inititated.

 

[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.

NIFTY is a SELL above 7998 SPOT in LTF. In HTF SELL Triggered on Friday.
BANKNIFTY - SELL Triggered on Friday. Support will come at 15171
SBIN - SELL Triggered on Friday. May be it will Test 2479 before going down.

 

[healthraj]

NIFTY is a SELL above 7998 SPOT in LTF. In HTF SELL Triggered on Friday.
BANKNIFTY - SELL Triggered on Friday. Support will come at 15171
SBIN - SELL Triggered on Friday. May be it will Test 2479 before going down.

NIFTY and BANKNIFTY has gone FLAT and so there is no Clear Trend in the morning.

NOW NIFTY is kind of forming a double top in LTF and will be a SELL between 7980 and 7990.

The Support should come at 7780. Do not miss to Buy around 7780-7800.

BANKNIFTY might Test 15560 and if does not move beyond, then it will be a SELL for 500 points.

SBIN is SELL between 2475 and 2485 for a Target of 2300. Do not Forget to BUY SBIN around 2300/2280 for Diwali.

So Good opportunity to BUY
NIFTY @ 7800 - Target 8300/50 - 500/550 points.
BANKNIFTY @ 15000 - 17000 - 2000 points.
SBIN @ 2300. - 2800/2900 - 500-600 points.

 

[healthraj]

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?

That sounds funny to me. Trading without charts .
So the Easiest thing is to Monitor the MAX OI. And Buy/SELL near the MAX OI Levels.

Accordingly.

NIFTY MAX OI @ 7800-8200. So Buy @ 7800 and SELL @ 8200
BANKNIFTY MAX OI @ 15000-16000. So Buy @ 15000 and SELL at 16000.
SBIN MAX OI @ 2300-2600. So Buy @ 2300 and SELL at 2600.

The Targets also can be Set accordingly.

For Example if you take SBIN. Take the average of 2300 and 2600 = 2450. So if one is SELLing at 2600, can close 50% at 2450 and the Rest at 2300. And if one were to Buy at 2300 then the Targets are 2450 and 2600.

Risky can also take additional Trades around the Pivot such as 2450.

 

[copypasteaee]

NIFTY and BANKNIFTY has gone FLAT and so there is no Clear Trend in the morning.

NOW NIFTY is kind of forming a double top in LTF and will be a SELL between 7980 and 7990.

The Support should come at 7780. Do not miss to Buy around 7780-7800.

BANKNIFTY might Test 15560 and if does not move beyond, then it will be a SELL for 500 points.

SBIN is SELL between 2475 and 2485 for a Target of 2300. Do not Forget to BUY SBIN around 2300/2280 for Diwali.

So Good opportunity to BUY
NIFTY @ 7800 - Target 8300/50 - 500/550 points.
BANKNIFTY @ 15000 - 17000 - 2000 points.
SBIN @ 2300. - 2800/2900 - 500-600 points.

lets see if we get 2300 on SBIN or not. SBIN is sitting on very strong support(see triple bottom formation) if thats broken then you will get SBIN way too cheap for diwali

 

[healthraj]

lets see if we get 2300 on SBIN or not. SBIN is sitting on very strong support(see triple bottom formation) if thats broken then you will get SBIN way too cheap for diwali

What is your view on SBIN ?

My analysis is based on the MAX OI which is at 2300-2600. And the Daily Chart range which is now at 2319-2613. In the current down move the low was 2363. So 2313 is Yet to be Tested. Moreover the Trend in SBIN is DOWN.

The other important data is the Pivot in Weekly charts is at 2281. In the Weekly charts the SELL started at 2788. So I think it will minimum test 2281 Futures.

The other important data is the MAX OI @ 2300-2600.

 

[copypasteaee]

What is your view on SBIN ?

My analysis is based on the MAX OI which is at 2300-2600. And the Daily Chart range which is now at 2319-2613. In the current down move the low was 2363. So 2313 is Yet to be Tested. Moreover the Trend in SBIN is DOWN.

The other important data is the Pivot in Weekly charts is at 2281. In the Weekly charts the SELL started at 2788. So I think it will minimum test 2281 Futures.

The other important data is the MAX OI @ 2300-2600.

That were my views only. Max OI shifts to next strike price in no time so its hard for my to rely on these figures.

 

[healthraj]

That were my views only. Max OI shifts to next strike price in no time so its hard for my to rely on these figures.

I am still not getting your views. Is it is down or UP and what is the Target ? Where to Buy ? where to Sell ?

 

[copypasteaee]

I am still not getting your views. Is it is down or UP and what is the Target ? Where to Buy ? where to Sell ?

long already going on, we should not hit the bottom again.

 

[timepass]

NIFTY is a SELL above 7998 SPOT in LTF. In HTF SELL Triggered on Friday.
BANKNIFTY - SELL Triggered on Friday. Support will come at 15171
SBIN - SELL Triggered on Friday. May be it will Test 2479 before going down.

High of 2489..Superb analysis, boss. Hats off !!

:clapping::clapping: