NIFTY Options Trading by RAJ

[msa5678]

RAJ OAT Mini Version 3

Please find below the link for the version 3 of Mini OAT

http://wwwXXX4sharedXXXcom/file/zNHn7LKmce/RAJ_OAT_OptionsChain_Analyzer_.html  -- Replace XXX with Dot(.)

Changes made
Updated the logic to calculate the Trend - Instead of OI and COI I had used Volume. Now the overall trend is the Average of the Trend of OI and COI.

Also included the Options to Track the Option Positions

Sorry to ask a noob query. The OAT is not refreshing automatically, is there some way to automate it.

 

[healthraj]

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?

1. The chart is based on Polynomial and does not use any Moving averages.
2. The red round signal indicates a Reversal. Ideally one should start taking Long and Short after the Reversal had occurred.

An Aggressive trader does not look for Reverse signals. He will Buy near Support and Sell near Resistance. But a less Risky trade shall wait for Reversal and look for next Buy / Sell opportunity.

For Example around 12-Feb, there was a Reversal to DOWN. But the SELL signal came around 04-Mar.

Similarly There is a Reversal UP came on 01-APR, So for Less Risky trader the BUY signal is yet to come

 

[healthraj]

Sorry to ask a noob query. The OAT is not refreshing automatically, is there some way to automate it.

Technically YES you can automate. I have purposefully not automated it. May be in the next version (do not know when), I will include this "Auto Refresh" option, where Refresh can be configured for every say X minutes...

 

[healthraj]

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.

Yes, booking profits - Important point that I forgot to mention.

Also agree on the Repaint - But unlike the Linear charts, I like this Dynamic repaint system, since it gives you the truth, whether you like it or not and it keeps changing. A good system needs to be dynamic. So at the end of the day, Trading is for people who can take some calculated risk

 

[Riskyman]

Yes, booking profits - Important point that I forgot to mention.

Also agree on the Repaint - But unlike the Linear charts, I like this Dynamic repaint system, since it gives you the truth, whether you like it or not and it keeps changing. A good system needs to be dynamic. So at the end of the day, Trading is for people who can take some calculated risk

Thanks Raj. Ive been playing around with the system. I notice that with 80 bars and an order of 4. repainting is very fast. I try to see where weekly and daily support/resistance intersect to mark potential entries.

Thanks again.

 

[agos]

Raj Sir,
Wanted to share a few observations and get your insights for better clarity. Hope I have framed my question correctly and it does not cause any issues.

The max OI in Reliance continued to be at 900 CE strike at around 13+ L. However, today morning the COI at this strike and subsequent strike 920 CE suddenly changed to -ve (around 20K), from around + 2L last night.
Going by your Rule 6: If we get the Negative values in "CE", that means Market makers (BEARS) are squaring off the Call Positions (The SHORT Positions).There was a breakout of 900 levels today; but it did not sustain.

Is it that we should also expect a heavy decrease in OI value in case we expect the breakout to be true. Are there any thumbrules in terms of %s that we can follow here. Please guide.

 

[muthutrader]

8800ce 8500pe pair sell at 131

 

[agos]

Raj Sir - Reliance update...

The final battle for the day was won by the Bulls .
Now price of underlying @ 904.
However, the max OI still continues to be at 900 CE strike @ 12.7 L (decreased by around 1.5L) with COI @ -91K (increased by around 1.5L). The Max OI still @ 900 CE strike but with -ve change in OI.
How do we interpret this Sir.

 

[VJAY]

Yes, booking profits - Important point that I forgot to mention.

Also agree on the Repaint - But unlike the Linear charts, I like this Dynamic repaint system, since it gives you the truth, whether you like it or not and it keeps changing. A good system needs to be dynamic. So at the end of the day, Trading is for people who can take some calculated risk

is this chart is same which you used in OI file?

 

[kshitijoo8]

Hi Healthraj,
First of all, I would like to thank u, for the wonderful tool.
Now I wld like to know your view on Volume Analysis.
In your OAT tool, you use COI for understanding the current trend. I would like to know if we can use Volume instead of COI. Eg 5 best Volumes for the day/Hour & then taking their COI would give a better insight on the current trend than directly taking the COI.
As of yesterday the 5 best volumes are as follows
8900,9000,8800,9100,8700 - For Calls
8700,8800,8600,8500,8400 - For Puts
As per my understanding, if we take the COI of above mentioned Options, we may get a clear picture (May be I am wrong).
Your inputs are valuable.
For Calls
8900 133275 - This suggests Call Writing (Resistance)
9000 617125 - This suggests Call Writing (Resistance)
8800 -517950 - This Suggests Calls Covered (Bears have left 8800)
9100 338925 - This suggests Call Writing (Resistance)
8700 -258400 - This Suggests Calls Covered (Bears have left 8700 - huge Support)

For Puts
8700 943575 - Bulls area ( Huge Support)
8800 1220875 - Bulls making higher Grounds (Support Building at 8800)
8600 755625 - Huge Support
8500 -237250 - Profit Booking
8400 -704375 - Profit Booking

Please let me know, If I am wrong.
else if this can be put in your OAT tool, for the benefit of others?
Thanks in Advance.
Thanks once again for the wonderful tool.