NIFTY Options Trading by RAJ

[singlap]

now for today the avg is 8137

 

[healthraj]

Those who want to Trade the Pair can SELL the Pair 8050PE-8300CE @ 126 in the NOV-14 Series.

The pair is now trading at 105 with 21 points profit.

 

[healthraj]

NIFTY For Today.

Using NOV-14 Options Chain data, MAX COI is at 8000-8300. So the Target seems to be 8150. If you get NIFTY around 8075, Buy for a Target of 8150 and a positional target of 8200 or Higher.

As per OCT-14 Options data,

As per COI the Range is 8100-8150. Combining OI and COI, from 8150 it can goto 8087.5. So the Range for today is 8087 - 8150

Completed the Range 8087-8150. MAX OI changed to 8100-8200.
So may be 8200 might be the next Target. Options Data in NOV-14 series points 8200.

Positional Traders can wait for 8200. Others who went long at lows this morning can close and Wait for Lows of 8100 to Enter long again

 

[shrisha.karanth]

Ambujacement
===========

Spot : 226
MAX OI CE @ 210 ~ 5 lakhs
Max OI PE @ 220 ~ 2.5 lakhs

Since today is expiry day Those CE sellers will book loss ??

 

[healthraj]

Ambujacement
===========

Spot : 226
MAX OI CE @ 210 ~ 5 lakhs
Max OI PE @ 220 ~ 2.5 lakhs

Since today is expiry day Those CE sellers will book loss ??

Normally MAX OI @ PE should be less than MAX OI @ CE. In this case 220 is not less than 210. So that itself indicates that it was a Strong move in one direction.

Similar thing happened yesterday with NIFTY yesterday with MAX COI PE @ 8050 and MAX COI CE @ 8000. So clearly it was indication that 8050 PE being sold and 8000 CE being bought.

In such cases where MAX COI/OI PE Strike is greater than CE Strike, May be better to look at the Next month data for some direction.

In AMBUJACEM case, NOV-14 data indicated a MAX COI of 220-230 and MAX OI @ 210-230 and MAX COI for OCT-14 also indicating a Range of 220-240

 

[Relish]

I cannot predict what would be the direction. My bias is down since market in this month moved 450 points non stop.

As per the Major Trend in Daily, Weekly and Monthly Future Charts
TOP is 8150, 8150, 8520,
Bottom is 7750, 7440, 7020

As per the Channel (Minor Trend) Daily, Weekly and Monthly Future Charts
TOP is 8050, 7988, 8200 - Around 8200 it is a SELL
Bottom is 7830, 7590, 7330 - Around 7330 it is a BUY

From a market Sentiment point of view, Looking back from Diwali we have 2 months. And mostly around Diwali NIFTY normally is Bullish and makes a High and one month before that we can expect some Huge BUYs (Say around 25-SEP). So whatever down move is pending needs to happen before 25-SEP.

From 25-SEP, I think one can start Buying for Diwali.

Sir I quoting your previous post. what is your view now. We are almost at 8200. TV analysts started to give statement likes: we may see 10 % correction for further bulls run since it did't happened last august 2013.
Thank's

 

[singlap]

Normally MAX OI @ PE should be less than MAX OI @ CE. In this case 220 is not less than 210. So that itself indicates that it was a Strong move in one direction.

Similar thing happened yesterday with NIFTY yesterday with MAX COI PE @ 8050 and MAX COI CE @ 8000. So clearly it was indication that 8050 PE being sold and 8000 CE being bought.

In such cases where MAX COI/OI PE Strike is greater than CE Strike, May be better to look at the Next month data for some direction.

In AMBUJACEM case, NOV-14 data indicated a MAX COI of 220-230 and MAX OI @ 210-230 and MAX COI for OCT-14 also indicating a Range of 220-240

Raj , can this be generalised that if MAX OI at pe is greater than MAX OI of CE , it is a bullish trend. Since higher strike price put is sold (as its assumed that OI is mainly indicating writers), chances are market will go up. Or can we check that whether MAX PE absolute number is more than MAX CE absolute number , chances of going up are high and vice versa.

 

[healthraj]

Raj , can this be generalised that if MAX OI at pe is greater than MAX OI of CE , it is a bullish trend. Since higher strike price put is sold (as its assumed that OI is mainly indicating writers), chances are market will go up. Or can we check that whether MAX PE absolute number is more than MAX CE absolute number , chances of going up are high and vice versa.

IT only indicates that it is not a Writer's market and that it is directional market. But the direction is not indicated

 

[anilnegi]

Raj brother

At the start of October series,
highest OI in put was 7800 - 49.85, today it is 0
highest OI in call was 8200 - 34.9, today it is 0.

can we use any strategy to get benefit from time decay

anil negi

 

[Option.Trader]

Amazing thing, I wanted to buy puts near the previous high +- 20 points, and missed taking when it went to 8161, so at around 8151, i put a limit order to buy 7900nov pe @25 that was higher than low made @ 8161...end of day market has rallied to 8181, but put instead of decreasing has risen along with index... First time put increased 5 points with a 30 point increase in underlying asset... Looks like people are bracing for a downfall tomo