NIFTY Options Trading by RAJ

[singlap]

Max OI data can change but Max COI doesn't seem to change for today.

So next question for which i would like to eat head for Raj is that 7925 pivot if touched, how to decide whether we should play for 7850 or 8000.

Is it that for intraday kind of a trade, play for 7850.

For positional play, go for 8000.

Raj your comments on this will be ANMOL.

 

[ROKU]

Hello Mr. Raj can you please share your view on TCS, I'm planning to go long on it.

 

[anilnegi]

Max OI data can change but Max COI doesn't seem to change for today.

So next question for which i would like to eat head for Raj is that 7925 pivot if touched, how to decide whether we should play for 7850 or 8000.

Is it that for intraday kind of a trade, play for 7850.

For positional play, go for 8000.

Raj your comments on this will be ANMOL.

Raj bro, Same question here???????????????????????????????????????????????

 

[healthraj]

NIFTY MAX COI at 7700-8000 with Pivot at 7850.
So 7850 should be the First Target to close the Shorts.

The average of MAX OI and COI at 7925. So a Bounce from 7850 might Test 7925 once again. But if COI and OI remains at these levels, any bounce to around 7925 should be used to SELL, since NIFTY might close around 7850 today.

As per the HTF, Resistance at 7970, Support at 7770 and Pivot at 7870.

So today it was trading between 7850 and 7925 as expected.

1. MAX COI at 7700-8000 - 300 points Range indicates that the market will be FLAT. For Any meaningful direction / Trend the Range has to be say 100 or 150 points. I am not sure what would be the ideal range to decide whether it would be Range bound or Trending. So at the pivot 7850 (Made low of 7854) it bounced back.
2. Taking an average of COI and OI we got 7925 and NIFTY made a high of 7924 from where it traced back to 7850.

At 7925 how do I decide whether it will break 7925 or will it come down to 7850 ?

There is no Straight answer. One should have a view looking at the MAX COI as to whether it will be Range bound or Trending. If you decide it will be Range bound then play the Range.

 

[anilnegi]

So today it was trading between 7850 and 7925 as expected.

1. MAX COI at 7700-8000 - 300 points Range indicates that the market will be FLAT. For Any meaningful direction / Trend the Range has to be say 100 or 150 points. I am not sure what would be the ideal range to decide whether it would be Range bound or Trending. So at the pivot 7850 (Made low of 7854) it bounced back.
2. Taking an average of COI and OI we got 7925 and NIFTY made a high of 7924 from where it traced back to 7850.

At 7925 how do I decide whether it will break 7925 or will it come down to 7850 ?

There is no Straight answer. One should have a view looking at the MAX COI as to whether it will be Range bound or Trending. If you decide it will be Range bound then play the Range.

But how can we decide SL for playing other side.

anil negi

 

[healthraj]

Max OI data can change but Max COI doesn't seem to change for today.

So next question for which i would like to eat head for Raj is that 7925 pivot if touched, how to decide whether we should play for 7850 or 8000.

Is it that for intraday kind of a trade, play for 7850.

For positional play, go for 8000.

Raj your comments on this will be ANMOL.

Raj bro, Same question here???????????????????????????????????????????????

I suggest you spend some more time in observing the Options data, COI and OI and take your own decisions. Because whatever I mention here are through my own observation. I feel that in the last 2 days I keep posting the details and I have a feeling that I am getting the same questions. Beyond a point trading is about taking a decision based on the data that you have like Charts, Options data and decide a trade. There is no ideal way. I have seen successful traders with only Charts. So my advice is first master the charts or the Price actions. Once you have mastered the price action and you have taken a trade, the following questions will come
1. What could be your target ?
2, What is the maximum that you can expect out of a trade?
3. Is it going to be a FLAT day or a Directional day?
4. What is the Range for the day ?
5. What would be range for the month ?

For the above questions normally you don't get a straight answer using the charts. And that is where the Options Chain data can help.

 

[healthraj]

But how can we decide SL for playing other side.

anil negi

I think stop loss is based on your Entry price.

 

[healthraj]

Hello Mr. Raj can you please share your view on TCS, I'm planning to go long on it.

Please let me know your view first. So basically you will need

1. The overall Bias - UP or DOWN - How did you decide ?
2. Entry price
3. Minimum two Targets.
4. I am assuming it is a positional trade.

 

[rajesh_]

Max CIO changed to 7700-7900.

Pivot became 7900 too.

 

[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.

BANKNIFTY gave a BD in the morning at 15600 and later became Range bound (since the COI changed to 15500-16000)

15625 Level worked. Made high of 15628.

Observing and understanding the Options Chain data can give better results in trading if coupled with Charts.