NIFTY Options Trading by RAJ
- Thread starter healthraj
- Start date
- Tags nifty options chain raj oat
NIFTY Playing for the budget on 28-Feb-15
Indian budget is on 28-Feb-15. There is also special trading session planned on 28-Feb-15. But most of the brokers do not provide any Leverage since the volatility would be high.
As per the March OI range, The range is 8500-9000/8950
Daily Futures Range 8461-8699-8822-9086-9184.
Hourly SPOT Range - 8700-8732-8861-8856-9023
Weekly Futures Range - 8553-8558-8981-9148-9408
The INDIAVIX Range is 18 to 24. It is now at 21.
So what could be the Strategy in Options ?
The MAR-15 Series options is already trading at high Premiums.
So I think we can expect the Premiums to come down during the Budget day and then the Buying might come in... So look for the INDIAVIX to go to levels of 18, Where one can BUY options.
At the current levels, using the Weekly chart, One can sell the Pair 8550 PE-9400 CE for 120.
Ideally it would be a Good buy at 8500 and at around 9400, it is a SELL.
Indian budget is on 28-Feb-15. There is also special trading session planned on 28-Feb-15. But most of the brokers do not provide any Leverage since the volatility would be high.
As per the March OI range, The range is 8500-9000/8950
Daily Futures Range 8461-8699-8822-9086-9184.
Hourly SPOT Range - 8700-8732-8861-8856-9023
Weekly Futures Range - 8553-8558-8981-9148-9408
The INDIAVIX Range is 18 to 24. It is now at 21.
So what could be the Strategy in Options ?
The MAR-15 Series options is already trading at high Premiums.
So I think we can expect the Premiums to come down during the Budget day and then the Buying might come in... So look for the INDIAVIX to go to levels of 18, Where one can BUY options.
At the current levels, using the Weekly chart, One can sell the Pair 8550 PE-9400 CE for 120.
Ideally it would be a Good buy at 8500 and at around 9400, it is a SELL.
Daily Futures Range 8461-8699-8822-9086-9184.
Hey, Thanks a lot for posting these charts. I want to know how you made that curving trend lines. I mean the red and the green curvy envelop within the red and green trendline. What platform are these charts made on? I would appreciate if you could let me know
We will be glad if you were to search the thread and explain it to us, it's over my head 
. In fact just a few days ago i wanted to ask boarders is someone could help code an Afl for drawing similar lines.
Its a long thread. I could explain how to use those curvy lines to trade. Let him reply and tell us how he is drawing those lines . In fact just a few days ago i wanted to ask boarders is someone could help code an Afl for drawing similar lines.
. In fact just a few days ago i wanted to ask boarders is someone could help code an Afl for drawing similar lines.
Good luck
Its a long thread. I could explain how to use those curvy lines to trade. Let him reply and tell us how he is drawing those lines . In fact just a few days ago i wanted to ask boarders is someone could help code an Afl for drawing similar lines.
. In fact just a few days ago i wanted to ask boarders is someone could help code an Afl for drawing similar lines.
Also, Healthraj has explained this in an earlier post (no. 6059) but I couldn't understand it. If you get the logic of it, please explain it for the benefit of the rest of us. Also keep in mind that not everyone uses Amibroker, I don't use Amibroker so an AFL will not be of any use. So, please come up with an algorithm rather than an AFL
.Thanks.
The New System
Please find below the Charts for my New system.
The Assumptions.
1. Market does not move in a Linear fashion and so try to fit in curve like Polynomial curves.
2. Depending on the Timeframe go for the degree of Polynomial curve fitting
3. So accordingly in a LTF since the 80 candles represents a day or Two, you should have 1 Major Trend and Max 2 Minor Trends
4. In a HTF since the 80 candles represent around 2 weeks, you can have 1/2 major Trends (one in Each week) and Max 3 minor Trends
5. In a Daily since the 80 candles represent around 4 months, you can have 1/2/3 major Trends and Max 4 minor Trends (one in Each month)
6. In a Weekly, since the 80 candles represent around 1.5 Years, you can have 1/2/3/4 major Trends and Max 5 minor Trends (one in every 16 weeks)
7. In a Monthly, since the 80 candles represent around 6 Years, you can have 1/2/3/4/5 major Trends and Max 6 minor Trends (one in every year)
As per the above Logic, the Charts Generated
LTF
HTF
Daily
Please find below the Charts for my New system.
The Assumptions.
1. Market does not move in a Linear fashion and so try to fit in curve like Polynomial curves.
2. Depending on the Timeframe go for the degree of Polynomial curve fitting
3. So accordingly in a LTF since the 80 candles represents a day or Two, you should have 1 Major Trend and Max 2 Minor Trends
4. In a HTF since the 80 candles represent around 2 weeks, you can have 1/2 major Trends (one in Each week) and Max 3 minor Trends
5. In a Daily since the 80 candles represent around 4 months, you can have 1/2/3 major Trends and Max 4 minor Trends (one in Each month)
6. In a Weekly, since the 80 candles represent around 1.5 Years, you can have 1/2/3/4 major Trends and Max 5 minor Trends (one in every 16 weeks)
7. In a Monthly, since the 80 candles represent around 6 Years, you can have 1/2/3/4/5 major Trends and Max 6 minor Trends (one in every year)
As per the above Logic, the Charts Generated
LTF
HTF
Daily
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