NIFTY Options Trading by RAJ

[soumanag]

Hi Raj,

What is the possible interpretation in your opinion when MAX OI and MAX COI for PUT remain in one strike and at the same time MAX OI and MAX COI for CALL remain in a strike. Today I observed 8500 had both PUT MAX OI & MAX COI while 9000 had CALL MAX OI & MAX COI for quite some time (by the closing time they have changed).

 

[kcsusha]

Dear Raj Sir,
Both MAX OI and MAX COI are at the same level viz. 8500-8900.
What is your view sir?

 

[kcsusha]

Dear Raj Sir,
Today both MAX OI and MAX COI are at the same level viz. 8500-9000.
It is a very rare coincidence. What is your view sir?

 

[SexyTrader]

Based on Raj's tool with the Max OI and COI, the level of 9000 looks inviting now :thumb:

Check Vix and PCR, both are unusually high !

 

[healthraj]

Hi Raj,

What is the possible interpretation in your opinion when MAX OI and MAX COI for PUT remain in one strike and at the same time MAX OI and MAX COI for CALL remain in a strike. Today I observed 8500 had both PUT MAX OI & MAX COI while 9000 had CALL MAX OI & MAX COI for quite some time (by the closing time they have changed).

Dear Raj Sir,
Both MAX OI and MAX COI are at the same level viz. 8500-8900.
What is your view sir?

First of all when the MAX COI is at a broad range like 8500-9000, I have observed the market to be FLAT. But today it was bullish.

With COI and OI at the same levels, I don't see any special interpretation.

The Only thing we can interpret is that NIFTY will minimum test the average of 8500-9000 , ie 8750. So the NIFTY Did test 8750 and closed at 8778.

 

[soumanag]

Based on Raj's tool with the Max OI and COI, the level of 9000 looks inviting now :thumb:

Check Vix and PCR, both are unusually high !

I think it's all manipulation to give small traders a false sense of extreme bullishness. Did any one observer the bull trap in the morning & bear trap after Europe opened :lol:
Generally when VIX is up NIFTY goes down but it is not following the rule
Situation might change rapidly once the big results start coming up. Keep an watch out for TCS on 16th.

 

[SexyTrader]

I think it's all manipulation to give small traders a false sense of extreme bullishness. Did any one observer the bull trap in the morning & bear trap after Europe opened :lol:
Generally when VIX is up NIFTY goes down but it is not following the rule
Situation might change rapidly once the big results start coming up. Keep an watch out for TCS on 16th.

I think 9000 will be crossed in the coming week. Vix is unusually high coz SLR cut. I feel the rule is not being followed coz shorts will be built at 9000.

 

[healthraj]

NIFTY Daily Futures Chart.

MAX OI @ 8500-9000. MAX Pain / Pivot @ 8700.
MAX OI in May is at 8100-9300.

There are 14 more trading days in Apr-15. So may be there is no hurry to test 9000 / 9300 now.

In the Weekly Future chart, NIFTY has bounced from support @ 8375 and going towards Resistance of 9050.

So one has to be cautious around the Futures Levels 8880, 9030, 9150.

But 9030/50 Seems to be achievable target in this month.

 

[soumanag]

NIFTY Daily Futures Chart.

MAX OI @ 8500-9000. MAX Pain / Pivot @ 8700.
MAX OI in May is at 8100-9300.

There are 14 more trading days in Apr-15. So may be there is no hurry to test 9000 / 9300 now.

In the Weekly Future chart, NIFTY has bounced from support @ 8375 and going towards Resistance of 9050.

So one has to be cautious around the Futures Levels 8880, 9030, 9150.

But 9030/50 Seems to be achievable target in this month.

Hey Raj,

Awesome chart!!!
I just have couple of questions and would be glad if you can answer them.
1. The chart is based on DMA and using polynomial which you discussed in in one of your earlier posts... am I correct?
2. What are the red signals which looks like sickle moon near the blue pivot line?

 

[Riskyman]

Hey Raj,

Awesome chart!!!
I just have couple of questions and would be glad if you can answer them.
1. The chart is based on DMA and using polynomial which you discussed in in one of your earlier posts... am I correct?
2. What are the red signals which looks like sickle moon near the blue pivot line?

Raj helped me put together a similar system so Ill take the liberty of answering on behalf of Raj.

Polynomials of order 1-6 are used to determine the trend. Once a main trend line is plotted, then you simply add 2 SD bands on top and bottom for support and resistance.

The red sickle moon signals is where you take profits. If you notice that the Sickle moons are on the blue line. Te blue line is the trend line so when price reverts back to the trend line you take profits.

Have to tell you that this system repaints heavily depending on the P order you have chosen.