NIFTY Options Trading by RAJ

[varesh.et]

I think BANKNIFTY COI today was changing a Lot.

Probably it was sending a message when the COI changed to 15000-16200 that the Low was 15600.

Now back to 15500-16200 and Telling us that 15850 is the Top. So it is not giving any clear signals.

Forgot to look at the COI numbers when it was trading at 15700, where the COI is indicating a BUY rather than a SELL. Looking at the charts it seems to be a SELL @ 15850. Let us see if it works

Yes you are correct I got trapped in it when shorted at 15700.

 

[shrisha.karanth]

At MAX OI @ CE or PE, to get confirmation, the only other thing you can look at is the hourly or Daily Chart. See if they are trading at the Resistance or Support.

COALINDIA - MAX OI @ 340-360.

In Daily Charts the Resistance is at 360. So it would be a SELL if COALINDIA touches 360

By seeing the Daily charts it looks like

1. BB indicates volitility is low.
2. When volt is low we need to buy option
3. Will do a paper trade of buying 350 CE @ 7.95

What is your views ???

 

[healthraj]

By seeing the Daily charts it looks like

1. BB indicates volitility is low.
2. When volt is low we need to buy option
3. Will do a paper trade of buying 350 CE @ 7.95

What is your views ???

Buying naked options is at your own risk. Since you are doing only paper trading, anyway you can observe and learn by yourself. My view is that I normally do not recommend any naked options.

 

[healthraj]

I think BANKNIFTY COI today was changing a Lot.

Probably it was sending a message when the COI changed to 15000-16200 that the Low was 15600.

Now back to 15500-16200 and Telling us that 15850 is the Top. So it is not giving any clear signals.

Forgot to look at the COI numbers when it was trading at 15700, where the COI is indicating a BUY rather than a SELL. Looking at the charts it seems to be a SELL @ 15850. Let us see if it works

MAX COI @ 15500-16400. So the upper target is moving upto 15950. Lower Target is 15725.

 

[angira]

All Trend Down,

Max OI 7800-8000.
Max_CHG_OI 7700-7900.

Max_OI Pair@130.

angira...

Raj,

Now MAX_OI shifted to 7700-8000

Pair 7800-8000 now available near 107.

thanx,

angira...

 

[miscos]

Combining two systems is not healthy, but the +WW posted in this thread is triggered with tgt abuot 8000. May be 7850, 7900 are area of halts in the way! A close bellow 7750 in 30min may attract failure of this +ww (wolfe wave)

 

[healthraj]

NIFTY Range for Today

MAX COI @ 7700-7900. MAX OI @ 7800-8000.

Made low of 7730. So may be next target is 7800. Max possible 7850 (AVG of COI and OI). If not able to cross 7780, then will probably go back to 7750 / 7700 / 7650.

The idea is to Wait for the First session to pan out. And play only in the Second session. It is better to not get caught in the First session. Looking at this week's move, it was bearish overall and so it might end up Bearish.

Today's Spot high 7769 I think. Do not know how the Futures high is showing as 7872.7

As per OI 7750 is showing as the Strong support. Let us see if it holds.
As per COI Values, the Support is at 7650.

So 7800 Target was met today. With OI changing to 7700-8000, the OI Target changed from 7850 to 7825 and NIFTY made a high of 7819.

So Selling between 7800-7825 should have given another 20 to 40 points.
Both in LTF and HTF there is a SELL and with OI @ PE changing from 7800 to 7700, 7700 needs to be cemented. So 7700 will be Tested and consolidated on Monday. So those who are long from 7730, better to close it today.

 

[healthraj]

BANKNIFTY Levels.

MAX COI @ 15500-16200. OI@ 15000-16000
Range is 15500-15675-15850.

Going below 15500 today, it will be a Sharp move to 15300 or even lower.

LTF Range-15550-15732-15955 - Minor Resistance @ 15801
HTF Range-15433-15693-15943 - Minor Resistance @ 15757

So ideally it might be good to SELL around the Minor Resistance 15750-15800. COI Range top is also at 15850.

BANKNIFTY Was a little bit tricky in the morning but then the Trend was Set for an UP Move. But the Target was initially pointing to 15850. At 15700 the COI changed to 15000-16200 suggesting a Target of 15600 but since the COI values were indicating a BUY, 15600 should have been taken as Support. After that the Target came back t0 15850 with COI changing to 15500-16200 once again. Later the COI changed to 15500-16400, suggesting a target of 15950. But BANKNIFTY was completely trending from morning from 15600 to 15950.

So today if you notice, the LTF Full Range was traded. And the Minor Resistance @ 15750-15800 also Resisted and confused the traders...

So I will Pause here for some time. I think I have explained the new strategy of trading using COI and OI. I will not be posting in such a detail going forward.

So those who were asking for a strategy with no charts, I think you can use the strategy. All the best for those who wants to use this.

 

[Option.Trader]

So 7800 Target was met today. With OI changing to 7700-8000, the OI Target changed from 7850 to 7825 and NIFTY made a high of 7819.

So Selling between 7800-7825 should have given another 20 to 40 points.
Both in LTF and HTF there is a SELL and with OI @ PE changing from 7800 to 7700, 7700 needs to be cemented. So 7700 will be Tested and consolidated on Monday. So those who are long from 7730, better to close it today.

I think an ideal opportunity to buy calls for a quick run on Monday. Assembly results are sure to make markets volatile .bought 8000ce for 21 ..let's see on Monday.

 

[healthraj]

I think an ideal opportunity to buy calls for a quick run on Monday. Assembly results are sure to make markets volatile .bought 8000ce for 21 ..let's see on Monday.

As usual posting the call after the move is made or after the market is closed. Typical professional trader who wants to take all