NIFTY Options Trading by RAJ

[healthraj]

Yes it is Bullish now both the 30 min and 60 min Pivots are broken on the UP side

Not my day

 

[healthraj]

Yes it is Bullish now both the 30 min and 60 min Pivots are broken on the UP side

5705 SPOT is the next Support / Resistance

 

[chintan786]

Inflation date arrived.. Shoots up 5.7 from 4.86 for july

 

[healthraj]

Inflation date arrived.. Shoots up 5.7 from 4.86 for july

OK. Now I understand the reason for the Shake down. So probably now 5705 SPOT should hold. So Going Long once again at 5705 SPOT.

 

[Relish]

Open intraday OI changes from 5700/5700 to 5900CE / 5700pe and weekly at 5900ce / 5500pe

 

[healthraj]

Yes it is Bullish now both the 30 min and 60 min Pivots are broken on the UP side

In both the 30 min and 60 min Timeframe it has once again turned bullish. In 30 min timeframe Buy Above 5711 SPOT. In 60 minute Buy above 5698 SPOT.

In OAT it is till showing a WEAK BULL.

 

[healthraj]

In both the 30 min and 60 min Timeframe it has once again turned bullish. In 30 min timeframe Buy Above 5711 SPOT. In 60 minute Buy above 5698 SPOT.

In OAT it is till showing a WEAK BULL.

5698 and 5711 Pivot has worked and now NIFTY UP by 20 points. the next pivot is 5731 if broken can make another 20-25 points. So book 50% now and move your stoploss to cost (Or whatever your risk)

 

[jamit_05]

What appears good for bulls is that the Max OI on PE side has shifted from 54 to 55 to 56 (almost)... so the action is moving upwards... and that confirms bullish sentiment.

But, yet, it is not strong enough. Only a daily close over ema15 will confirm.

 

[healthraj]

On a Day like this, normally the Bulls are not very much motivated to make new high. So I think we can short once again at previous high. So I am closing all my longs and Going Short around 5740 Futures (5731 SPOT )Level. OAT Tool is also saying Weak Bull.

 

[healthraj]

What appears good for bulls is that the Max OI on PE side has shifted from 54 to 55 to 56 (almost)... so the action is moving upwards... and that confirms bullish sentiment.

But, yet, it is not strong enough. Only a daily close over ema15 will confirm.

OR a double bottom at 5700 Levels should confirm the UP trend. So let us utilize this weak sentiment and SHORT again at 5740 around 2:15 PM.