NIFTY Options Trading by RAJ

[anilnegi]

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.

Perfect strategy with minimum chaos, we have to just keep track of Range which are narrowing to see any changes in COI, OI

anil negi

 

[singlap]

Raj, for Nifty since we have overall average as 7825 , 7800 is average for COI and 7850 is for OI. So, shouldn't market from here move towards 7800 and then for 7825.
7700 can be the bottom of market if these extremes are maintained.
Obviously, if there are changes in OI or COI data, it will move accordingly.
Please correct me if i am wrong.

 

[badarivt]

I am observing a mixed trend when I apply the 4 quadrants rule for 7750 strike. Can anyone clarify? Also, when we calculate ChOI below and above a particular strike, should we ignore the ChOI for that strike or include it?

 

[healthraj]

While I agree with SinglaP's number as regards OI and ChOI, I am observing a bearish trend when I apply the 4 quadrants rule for 7700 strike. Can anyone clarify?

Trading for the day and week is over. So COI is no more applicable. As per OI support is now at 7700. So one should try buying around 7700.

 

[Option.Trader]

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

??? Don't run to post a call after I trade, anyways had kept it in morning for fibo levels of 7715-25 so hardly got time to check

 

[badarivt]

Dear Raj, Thanks for the immediate response. For say 7800 strike, should we include ChOI of 7800 or exclude it when we calculate bullish or bearish nature?

 

[healthraj]

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

??? Don't run to post a call after I trade, anyways had kept it in morning for fibo levels of 7715-25 so hardly got time to check

I was just kidding. You don't need to post any live calls

 

[ybha]

Hello Raj Sir,
What's your view today for nifty?
Thanks.

 

[angira]

Raj,

Now MAX_OI shifted to 7700-8000

Pair 7800-8000 now available near 107.

thanx,

angira...

7800-8000 pair now trading @71

angira...

 

[ybha]

I think BUY nifty ter-8000.