NIFTY Options Trading by RAJ

[ROKU]

Targets - No specific Targets - Which does not seem to be good

Since the script is making new levels so it wasn't possible to workout a target from previous high, also providing targets is not a plus point of this system, atleast in my knowledge.
We just trail the stoploss with a small buffer value added to the Keyjun Sen or the Senkou Span untill it is hit.

Thanks for your insight.

 

[healthraj]

Thanks. That means

1. Your bias is Bullish
2. Entry 2679
3. Targets - No specific Targets - Which does not seem to be good
4. Support - 2640.

As per Options Data,

The support is at 2600/50 - So your support at 2640 seems to be fine - So that would be ideal price to get in.
As per the Options data the Target seems to be 2800 - MAX OI @ CE.

Now Looking at the charts
HTF SPOT - 2627-2721-2795 - Right now SELL in progress. Buy should come around 2627/00 Levels.
Daily Futures - Minor Trend Support at 2668. Pivot @ 2742. Resistance @ 2816. Major support at 2593.

So buy around 2600/25 SPOT for Targets of 2700 spot and 2800 spot.

TCS Charts

HTF

Daily

 

[healthraj]

NIFTY for the week

NIFTY MAX OI @ 7800-8200

But as long as the MAX OI remains at 7800-8200, NIFTY is a Buy around 7800/7770.

HTF

Daily Futures

 

[jetking]

dear healthraj,
need your views on TATA MOTORS
on the daily chart it is near the support,587--590

the option data suggest the pivot at 500

Max oi at 520 and 500

max coi at 520 and 480

on monday if mkt shows some +ve sign than would like to go long along with long 480 put and short 520 call
if mkt furthur corrects on monday,would like to open same positions around 480--485 spot

would like your views on this thanks

 

[healthraj]

dear healthraj,
need your views on TATA MOTORS
on the daily chart it is near the support,587--590

the option data suggest the pivot at 500

Max oi at 520 and 500

max coi at 520 and 480

on monday if mkt shows some +ve sign than would like to go long along with long 480 put and short 520 call
if mkt furthur corrects on monday,would like to open same positions around 480--485 spot

would like your views on this thanks

I think your analysis is perfect.

TATAMOTORS is a BUY around 490

 

[Option.Trader]

On Monday why don't one of you post your views based on COI, OI and HTF. Let us see if your analysis is working...

You will need to
1. Decide if it is Rangebound or Trending
2. Find the Pivot using the COI - The initial target
3. If it is Rangebound find the next target
4. If it is Trending what is the support and Resistance.
5. You can also present your view coupled with the hourly charts...

Maxoi @7800-8200
Maxchoi @7600-7900
Range bound market as diff in Maxoi is 400 and target are 7750 on downside

 

[singlap]

So we should sell for targets of 7750 for intraday.

We can expect market to go to 7875 - which again makes it sell @ 7875.

At 7750, if these levels persist, it should be a buy.

Are these conclusions correct ?

 

[healthraj]

Maxoi @7800-8200
Maxchoi @7600-7900
Range bound market as diff in Maxoi is 400 and target are 7750 on downside

That is right the Target on the downside could be 7750. To find if the market is directional or Range bound we have to take the Range of the COI and the Range is 300 points.

Now the MAX COI is at 7500-7900. So All in all it says Bearish. Including MAX OI you get an average of 7850. So around 7850, it is a SELL.

Since the MAX OI is at 7800-8200, 7800 acted in the morning as the Initial Support.

Levels as per Chart

LTF - Minor 7794-7813-7833 Major Trend 7785-7833-7890

HTF - Minor Trend 7739-7790-7840 Major 7780-7890-7970

Daily Futures Support @ 7777 (Both Minor and Major).

So NIFTY Futures level 7777 will be the Level to Watch and Trade for

And 7833/40 as per LTF and HTF Minor Trend seems to be Level to SELL for Targets of 7794, 7739.

 

[healthraj]

BANKNIFTY

MAX OI 15000-16000 COI @ 15400-16000.

Since BANKNIFTY is already trading near 15400, we can take the Average of all and say 15600 could be the Level to SELL OR SELL Below 15400.

Whatever be the Higher Levels you SELL, the target seems to around 15100 as the Target as per HTF and Daily charts.

As per HTF Minor Trend it could also Test 14975. So the idea is to SELL on Highs and Wait for 15100 or 15000 to BUY. There is no Hurry to BUY since
HTF and Daily are in SELL mode...

 

[healthraj]

That is right the Target on the downside could be 7750. To find if the market is directional or Range bound we have to take the Range of the COI and the Range is 300 points.

Now the MAX COI is at 7500-7900. So All in all it says Bearish. Including MAX OI you get an average of 7850. So around 7850, it is a SELL.

Since the MAX OI is at 7800-8200, 7800 acted in the morning as the Initial Support.

Levels as per Chart

LTF - Minor 7794-7813-7833 Major Trend 7785-7833-7890

HTF - Minor Trend 7739-7790-7840 Major 7780-7890-7970

Daily Futures Support @ 7777 (Both Minor and Major).

So NIFTY Futures level 7777 will be the Level to Watch and Trade for

And 7833/40 as per LTF and HTF Minor Trend seems to be Level to SELL for Targets of 7794, 7739.

NIFTY as per MAX COI is speculating 7700 as the Bottom, where as MAX OI is still at 7800. So some caution is needed around 7750 SPOT. Those who are Short better to close at least 50% at 7750 and NOT wait for 7700.