NIFTY Options Trading by RAJ

[healthraj]

SBIN Charts at EOD

SBIN MAX OI changed to 2400-2600 today from 2300-2600. So may be 2400 is the Low. But the HTF chart is indicating a low 2324. So the HTF Pivot at 2409 need to be watched

LTF

HTF

SBIN Daily Futures Chart - Just to give the Perspective.

 

[healthraj]

NIFTY - 7930 should act as the Major Support. If broken down will give min 100 points till 7830.
Range 7830-7930-8030

BANKNIFTY - Major Support @ 15300/270 if broken down can give 250 to 300 points.
Range 15000-15300-15600

SBIN - Major Support @ 2400. If broken down can give 100 points till 2300.
Hourly Range 2300-2400-2500

 

[lemondew]

Just going back. I didnt understand why should 7870 be tested If max Oi moves from 7800-8200 to 7900 -8200. It actually touched 7880 on expiry day itself. Did you say it would touch 7870 on expiry day itself.

MAX OI in OCT-14 Series changed from 7800-8200 to 7900-8200, Which is a Bullish Signal. 7900 as MAX OI PE leaves the Option of at least 7870 being Tested. So let us see...

 

[healthraj]

Just going back. I didnt understand why should 7870 be tested If max Oi moves from 7800-8200 to 7900 -8200. It actually touched 7880 on expiry day itself. Did you say it would touch 7870 on expiry day itself.

When the Pivot is at say 7900, normally it tests 30 points UP and 30 points down. So the range would be like 7900+30 and 7900-30 and so it would 7870 to 7930.

The Same thing happened on Yesterday. MAX OI at 7800-8200. So the Pivot is at 8000. So when it is consolidating at 8000, it would Test and play the range 7970-8030

 

[healthraj]

Today the MAX COI is at 7500-8400. Average of 7500 and 8400 is 7950. So it indicates that
1. It will be a FLAT market (Large Range in COI)
2. With Today's Pivot at 7950, the range would be 7920 and 7980. With 7920 Tested Yesterday, today it might Test 7980.

At 7980 or 7920 the Next decision might be taken. But today with Low volumes, it might actually not break the Range 7920 and 7980.

 

[coolbull]

---- market is pity quite : Still expecting a breakdown, want to short more as per signal, but coming days are holidays and market might end up in green -------


Up BO : 8026.13 Down BO : 7951.33

 

[server2712]

Thanks Anup and Fellow TJ traders. I think I owe an explanation on Why I am sharing the tools freely in a forum without any password. I am writing this not to gain any sympathy.

Here it goes. In 2008 when the market crashed, I think a lot of people made some quick money and one of my friend urged me to trade. So I started trading very late when I was 36 years. Now recently I turend 41. I havea fmaily with two kids. In the period of 2009 to 2012 I lost more than 10 lakhs of Rupees (in fact beyond a point i did not keep account of how much I lost). Then one of my friend who was working in ICICIDirect who had access to my account looked at my account and called me and asked me to stop trading. He himself has lost lakhs of rupees. But I would not give up. So I had tried all sorts of trading cash. MArgn, Margin Plus, Futures, Options. So in Jul-2012, when I had lost all my money and did not know what to do, I started going through books, different software etc. I spent around Rs 50000 in books and software. Still I was not able to make profit. I am still not making profit. That is when I thought Why don't I develop my own system. Anyway I did not have any BIG money to trade. That is how I developed all the FREE Excel tools. I strongly thought that I would share the tools because when I started trading in 2009, I could not find any free tool which would give me realtime data. Now people who want to learn can use my OTP, MTP software at least to learn. And now the OptionsChain analysis tool.

One day I think I will regain all the money I lost.

So for those of you who are starting to Trade, my only piece of advice is that Trading is not easy. With whatever tools and books you may find, at the end of the day, you have learn all by yourself and find a system that suits you. To my opinion it woud at least take 5 years for somebody to make real money in the Stock market (Like getting a Doctor Degree). Thers is no shortcut to trading. We cannot also learn through Paper trading. There is only one way and that is we have to learn the hardway by loosing (investing) in the market. Finally trading is not about techniques or Tools or software. It is about the mind.

All the best for your trading. Keep sharind so that the freshers who are sucked into this dangerous mine do not one day take wrong decision in theie life. For all the money that I lost, If somebody else in my place would have got depressed or would have ended his life. Luckily my family and my environment saved me from all those bad days. I feel that in the last one year I have learnt a lot...I am still learing and have a long way to go especially when it comes to the mental strength for trading, For which unfortunately we cannot develop any tools or software

Read all the post.....
I appreciate your efforts.....
Want one more and last time your help for retailers like me .

Please share your latest excel tool for us.


Thanks.....

 

[jassinko]

me too want Raj sir

 

[lemondew]

Inspirational indeed. This is one of the best forums I ve seen with a lot of genuine and wonderful people.

Originally Posted by healthraj View Post
Thanks Anup and Fellow TJ traders. I think I owe an explanation on Why I am sharing the tools freely in a forum without any password. I am writing this not to gain any sympathy.

Here it goes. In 2008 when the market crashed, I think a lot of people made some quick money and one of my friend urged me to trade. So I started trading very late when I was 36 years. Now recently I turend 41. I havea fmaily with two kids. In the period of 2009 to 2012 I lost more than 10 lakhs of Rupees (in fact beyond a point i did not keep account of how much I lost). Then one of my friend who was working in ICICIDirect who had access to my account looked at my account and called me and asked me to stop trading. He himself has lost lakhs of rupees. But I would not give up. So I had tried all sorts of trading cash. MArgn, Margin Plus, Futures, Options. So in Jul-2012, when I had lost all my money and did not know what to do, I started going through books, different software etc. I spent around Rs 50000 in books and software. Still I was not able to make profit. I am still not making profit. That is when I thought Why don't I develop my own system. Anyway I did not have any BIG money to trade. That is how I developed all the FREE Excel tools. I strongly thought that I would share the tools because when I started trading in 2009, I could not find any free tool which would give me realtime data. Now people who want to learn can use my OTP, MTP software at least to learn. And now the OptionsChain analysis tool.

One day I think I will regain all the money I lost.

So for those of you who are starting to Trade, my only piece of advice is that Trading is not easy. With whatever tools and books you may find, at the end of the day, you have learn all by yourself and find a system that suits you. To my opinion it woud at least take 5 years for somebody to make real money in the Stock market (Like getting a Doctor Degree). Thers is no shortcut to trading. We cannot also learn through Paper trading. There is only one way and that is we have to learn the hardway by loosing (investing) in the market. Finally trading is not about techniques or Tools or software. It is about the mind.

All the best for your trading. Keep sharind so that the freshers who are sucked into this dangerous mine do not one day take wrong decision in theie life. For all the money that I lost, If somebody else in my place would have got depressed or would have ended his life. Luckily my family and my environment saved me from all those bad days. I feel that in the last one year I have learnt a lot...I am still learing and have a long way to go especially when it comes to the mental strength for trading, For which unfortunately we cannot develop any tools or software

 

[healthraj]

Today MAX COI was at 7700-8000. The average of 7700 and 8000 is 7850. And you saw that the 7850 was met.

As per the charts and the MAX OI at 7800-8200 in the last week, I was mentioning that 7800 will be Tested. Today made low 7842.

As per Hourly charts the immediate support is at 7830 and the support is at 7810. So between 7810 and 7830, one can Buy for a Target of 8200, if MAX OI remains at 7800-8200.

For BANKNIFTY as per options chain data the support is at 15000. As per hourly charts the immediate Support is at 15180 and the Support is at 14900.