NIFTY Options Trading by RAJ

[healthraj]

BANKNIFTY MAX COI at 15600-15600. So it seems to be a BD / BO. It seems more like a BD.

As per HTF, SELL at 15775, With Targets as 15600 (Minor Trend pivot), 15450(Minor Trend support), 15300 (Major Pivot), 14985 (Major Support)

The COI has changed to 15500-16000. So 15625 (average of OI and COI) and 15750 (Average of COI) should be the levels to Watch.

 

[varesh.et]

The COI has changed to 15500-16000. So 15625 (average of OI and COI) and 15750 (Average of COI) should be the levels to Watch.

Raj sir,

What you suggest for SBI?

 

[healthraj]

Raj sir,

What you suggest for SBI?

As per the Options data the Pivot is at 2450/75. So if it is not able to cross the 2450 / 75 levels then it is a SELL.

The Targets as per HTF is 2420 (Pivot) and 2350 (Support)

 

[singlap]

If it touches 2475 , then is it a buy upto 2600 Raj ? SBIN

 

[healthraj]

If it touches 2475 , then is it a buy upto 2600 Raj ? SBIN

2600/2700 might be the ultimate target for this month as per Daily Charts if 2475 is broken.
So if one has bought around 2363, Better to close 50% at 2500 and look to Buy another 50% at lows like 2325/50.

Today, As per the HTF there is no 2600. The max possible is 2525.

SBIN is forming an Expanding Triangle pattern in the hourly charts.
For Today I think 2475 might be the MAX.

Remember also one thing... When the MAX COI is indicating a Broad range of 300 points for SBIN, which is more than 10%, then it indicates a FLAT day. So in those days normally the Pivot will not be broken, since the Operators are eating premium by Selling the Pairs.... From my observation, for any Strong Directional movement the Range should be close like less than 5%...

 

[rajesh_]

7925 tested? Is it still sell @ 7925?

 

[healthraj]

7925 tested? Is it still sell @ 7925?

With all the explanations I have provided with the logic of COI and OI and the Price action, support and Resistance levels, What do you think ?

 

[rajesh_]

With all the explanations I have provided with the logic of COI and OI and the Price action, support and Resistance levels, What do you think ?

With all the explanations I have provided with the logic of COI and OI and the Price action, support and Resistance levels, What do you think ?

Sorry raj. I just calculated. Its about to test.

 

[singlap]

yes we are waiting for 7925 spot not future. That means it has tested pivot and can either go to highest Max COI i.e. 8000 or to Max COI average ie. 7850.

is it right ?

 

[rajesh_]

Yes. If max coi and oi doesn't change.

It was tested few minutes back.