NIFTY Options Trading by RAJ

[timepass]

Just a point from a different strategy, both Nifty spot and futures have not touched their 3EMAs... I expect a downside after this average is touched (around 7900 now, HOD 7889)

 

[healthraj]

Those who want to Trade Pairs can SELL 7650PE-7900CE Pair at 120. 7650@30 and 7900CE @ 90

 

[market oracle]

Interesting analysis

 

[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...

I think BANKNIFTY is within the SELLing Range as per the Options Data. SELL around 15600/50

Was anybody hoping for 15600 this morning ? Options Data indicated it... The bottom at 15400 was also indicated but may be overlooked it and looking to SELL... So the thing is that Options Chain has all the hidden information. One has to observe the data and dig it out

 

[lemondew]

Nice upmove. :clap:

how abt buying a strangle around nifty 7810 thereabouts. If nifty breaks 7780 it goes down else it goes up from here

 

[lemondew]

Raj,

Just a question

"IF IT IS A PREPARATION FOR REVERSAL then the individual strikes will not give the Right picture. So one can look at the overall Change in OI and the Four Quadrant. Plus there is no square off on the CE Side... For A Reversal the CEs which were sold on Highs need to be squared off. Until then maintain the DOWN bias..."

CES which were sold on highs could have been squared off only that new sellers could have emerged. And the initial buyers could be waiting. Have I got it wrongly. Isnt tht possible

 

[healthraj]

With MAX COI @ 7800-7900 and NIFTY near 7900, I think it becomes a Clear candidate for SELL. So SELLing @ 7850 Was proved to be a BAD idea...

 

[healthraj]

Raj,

Just a question

"IF IT IS A PREPARATION FOR REVERSAL then the individual strikes will not give the Right picture. So one can look at the overall Change in OI and the Four Quadrant. Plus there is no square off on the CE Side... For A Reversal the CEs which were sold on Highs need to be squared off. Until then maintain the DOWN bias..."

CES which were sold on highs could have been squared off only that new sellers could have emerged. And the initial buyers could be waiting. Have I got it wrongly. Isnt tht possible

What I meant was that the Reversal is still not confirmed. So I think it is a SELL on Highs. If there is a Reversal at 7800, you would see a REVERSAL of CE positions, which did not happen at 7800.

 

[singlap]

Selling banknifty @ 15600/650 also seems to be a loosing trade as of now. lets see

 

[lemondew]

What I meant was that the Reversal is still not confirmed. So I think it is a SELL on Highs. If there is a Reversal at 7800, you would see a REVERSAL of CE positions, which did not happen at 7800.

how can we spot the reversal of CE positions? Do u mean by -ve chg in OI?