NIFTY Options Trading by RAJ

[agos]

Raj sir,

After today's market close - Nifty
8400 strike Put OI @ 39L and Call OI @ 25L. - good support
8500 strike Put OI @ 39L and Call OI @ 45L. - almost neutral
8600 strike Put OI @ 23L and Call OI @ 53L. - good resistance

In the short term expecting the market to go upto 8600 levels where it will face resistance.

However, Max OI continues to be @9000 Call 55L and 8200 Put 47L.

Please comment, am I missing something critical here.

Best Regards, as always...

 

[healthraj]

Raj sir,

After today's market close - Nifty
8400 strike Put OI @ 39L and Call OI @ 25L. - good support
8500 strike Put OI @ 39L and Call OI @ 45L. - almost neutral
8600 strike Put OI @ 23L and Call OI @ 53L. - good resistance

In the short term expecting the market to go upto 8600 levels where it will face resistance.

However, Max OI continues to be @9000 Call 55L and 8200 Put 47L.

Please comment, am I missing something critical here.

Best Regards, as always...

Your Analysis is correct. 8600 is the immediate resistance. only breaking that one can expect 9000 once again in this series.

8200 is also a possibility in this series. It would depend on what happens tomorrow. In the daily and hourly chart it is already pushed the support to 8300... Today in the hourly chart is has closed above the minor Trend resistance @ 8370 SPOT. Tomorrow if 8370 is broken we can expect 8200. Otherwise it will first test 8500/8600.

8600 is also the Pivot in the Daily chart. So we can expect the market to close around 8600 in this month, since there has been a lot of movement. There has been a 1000 point movement already. 500 UP and 500 DOWN. So logically from an Operator perspective the expiry should be some where between 8300 and 8900, which is around 8600.

 

[timepass]

Your Analysis is correct. 8600 is the immediate resistance. only breaking that one can expect 9000 once again in this series.

8200 is also a possibility in this series. It would depend on what happens tomorrow. In the daily and hourly chart it is already pushed the support to 8300... Today in the hourly chart is has closed above the minor Trend resistance @ 8370 SPOT. Tomorrow if 8370 is broken we can expect 8200. Otherwise it will first test 8500/8600.

8600 is also the Pivot in the Daily chart. So we can expect the market to close around 8600 in this month, since there has been a lot of movement. There has been a 1000 point movement already. 500 UP and 500 DOWN. So logically from an Operator perspective the expiry should be some where between 8300 and 8900, which is around 8600.

BNF please...

 

[healthraj]

INFY Results tomorrow

Tomorrow we have the INFY results.
As per the Options, the Range seems to be 2000-2200.

200 point Range or 10% Range.

Better use the MAY-15 Series for Naked Options trading since the VOLT is low.
In the APR-15 Series, the CE and PE volatility has been pumped UP .

For Selling INFY Pairs, APR-15 Series would be best. One can sell the Pair 2000-2200 or any range outside that like 1900-2300 etc..

Looking at the APR-15 Option build up, the Results might be FLAT. When it is FLAT, INFY might the Trade the Range of 2000-2200 and might expire around the 2100/50.

As per the DAILY Futures chart the Range is 2120-2240. And now it is trading near support @ 2120.

 

[healthraj]

MAX OI for NIFTY has changed to 8300-8500.

For those who are carrying Naked Calls or Puts it is bad news if NIFTY trades in the tight Range of 8300-8500 for the next 5 trading days. Since NIFTY already made 1000 points, may be NIFTY might expire around 8500/50, which might be favoring the Operators to eat premiums.

8300/8250 seems to be forming as the support in the Daily Futures chart with Resistance at 8800. MAX OI for MAY-15 Series also confirms the Daily Futures Range of 8200-8800. Those who are looking for Naked Calls can trade accordingly in MAY Series. Better to avoid APR Series for now. There is a possibility to Test 8200 also which should be considered as the STOPLOSS for Long Calls / Futures.

 

[healthraj]

Your Analysis is correct. 8600 is the immediate resistance. only breaking that one can expect 9000 once again in this series.

8200 is also a possibility in this series. It would depend on what happens tomorrow. In the daily and hourly chart it is already pushed the support to 8300... Today in the hourly chart is has closed above the minor Trend resistance @ 8370 SPOT. Tomorrow if 8370 is broken we can expect 8200. Otherwise it will first test 8500/8600.

8600 is also the Pivot in the Daily chart. So we can expect the market to close around 8600 in this month, since there has been a lot of movement. There has been a 1000 point movement already. 500 UP and 500 DOWN. So logically from an Operator perspective the expiry should be some where between 8300 and 8900, which is around 8600.

Made high if 8505 and then Made low 8360. So hopefully we should see 8500 once again and then may be 8200. So tomorrow one has to watch 8500/50 SPOT Levels. All depends on the INFY results

 

[healthraj]

BANKNIFTY in this Series made low 17800. Today it closed near the Pivot.

As per LTF, the trading range would be 17800-18500.
HTF Range is 17500-18800
Daily Futures Range is 17300-19000.

Overall Both NIFTY and BANKNIFTY are in DOWN Trend in the Daily Charts. So it is better to SELL on Highs of around 18800/19000.

 

[healthraj]

INFY Results tomorrow

Tomorrow we have the INFY results.
As per the Options, the Range seems to be 2000-2200.

200 point Range or 10% Range.

Better use the MAY-15 Series for Naked Options trading since the VOLT is low.
In the APR-15 Series, the CE and PE volatility has been pumped UP .

For Selling INFY Pairs, APR-15 Series would be best. One can sell the Pair 2000-2200 or any range outside that like 1900-2300 etc..

Looking at the APR-15 Option build up, the Results might be FLAT. When it is FLAT, INFY might the Trade the Range of 2000-2200 and might expire around the 2100/50.

As per the DAILY Futures chart the Range is 2120-2240. And now it is trading near support @ 2120.

INFY Trading within the Range of 2000-2200. Made Low 2000 and a high of 2150.

The Q4 results did not meet the Street expectation. But they have given a Higher growth guidance of 10-12%. So net it should be a FLAT result.
Since the MAY-15 MAX OI is at 2000-2200, Those who now want to Trade Naked Calls can buy around MAX OI @ PE.

MAY-15 2000CE Now trading at 80

 

[healthraj]

MAX OI for NIFTY has changed to 8300-8500.

For those who are carrying Naked Calls or Puts it is bad news if NIFTY trades in the tight Range of 8300-8500 for the next 5 trading days. Since NIFTY already made 1000 points, may be NIFTY might expire around 8500/50, which might be favoring the Operators to eat premiums.

8300/8250 seems to be forming as the support in the Daily Futures chart with Resistance at 8800. MAX OI for MAY-15 Series also confirms the Daily Futures Range of 8200-8800. Those who are looking for Naked Calls can trade accordingly in MAY Series. Better to avoid APR Series for now. There is a possibility to Test 8200 also which should be considered as the STOPLOSS for Long Calls / Futures.

MAX OI for NIFTY Still at 8300-8500 in APR-15.

MAX OI in MAY-15 Series Speculating a Low of 8200 as per the MAX OI @ 8200-8800.

RISKY traders Can always Take a Chance since the MAX OI is at 8300-8500.

NEXT week it would be purely trading for the Expiry. So two cases are possible.

Case 1 : Since the NIFTY started at around 8300 in APR-15, it might expire around 8300.

Case 2: If Put holders need to be made loose their money, NIFTY might expire half way between 8300 and 8800, which would be 8550.

 

[kcsusha]

Dear Raj Sir,
Market has come down fron 9100 to 8200. If we had Bought a pair of PE and CE,
we would have made a huge profit. Now, for selling a pair, we see MAX OI of
PE and CE. For buying a pair, what criteria we should follow, Sir?