NIFTY Options Trading by RAJ

[healthraj]

Hi,
Sry totally missed second part of your query due to market fall which made me dizzy :lol: by the time I was through typing NIFTY made 8200

Regarding -ve COI @ 8600 call we can assume some profit booking. Yesterdays move may have been a short covering rally so overall there were -ve COI at different OTM strikes.
XX50 strikes do not have substantial OI. If you go through the option chain you will immediately realize this. Major support / resistance reside @ XX00 levels. However they may be important to calculate MAX PAIN.

MAX COI is still at 8200-8300. So below 8200, it should be considered as BUY from my point of view. If there is an UP move it will go in the Same speed as the DOWN move. So it is better to Close the Shorts and Take some risk for an UP move.

 

[superandroid21]

Sir,
Thank you for the wonderful tool. I have just started trading since the last 20 days and have been trading well. I am in my mid 20's. So far,I have been using intraday charts and book profits and losses on the same day with no overnight positions. However its time to learn and so I am here. I would like to thank you and all senior boarders for this wonderful thread.
Yesterday before closing i observed from the options chain that the market was bullish(COI and MaxOI) and some CE's were very bullish. But today on opening the scenario changed in a jiffy. How do we account for these situations considering that one would have bought naked calls looking at the bullish data for overnight positions?

 

[rahulmalik]

The link to the download the OAT mini version

http://wwwDOT4sharedDOTcom/file/zNHn7LKmce/RAJ_OAT_OptionsChain_Analyzer_.html

Replace DOT with a .

Dear Raj, when I run this tool, and refresh it - it updates the date and time, but the data shows as #value. please advice

 

[healthraj]

MAX COI is still at 8200-8300. So below 8200, it should be considered as BUY from my point of view. If there is an UP move it will go in the Same speed as the DOWN move. So it is better to Close the Shorts and Take some risk for an UP move.

MAX COI changed to 7500-8300 and the Average of MAX COI and OI pointing to 8100. So there is a chance of seeing of 8100 once again.

 

[healthraj]

Dear Raj, when I run this tool, and refresh it - it updates the date and time, but the data shows as #value. please advice

May be you have to choose the correct expiry month. For this month you have to choose 28/May/15. Or search for solutions in this thread.

 

[timepass]

Dear Raj, when I run this tool, and refresh it - it updates the date and time, but the data shows as #value. please advice

May be you have to choose the correct expiry month. For this month you have to choose 28/May/15. Or search for solutions in this thread.

Right.. check here.

But this sheet does not show the expected closing..

 

[soumanag]

Hi Raj,

Kindly post updated futures chart.

 

[mohan.sic]

Sir,
Thank you for the wonderful tool. I have just started trading since the last 20 days and have been trading well. I am in my mid 20's. So far,I have been using intraday charts and book profits and losses on the same day with no overnight positions. However its time to learn and so I am here. I would like to thank you and all senior boarders for this wonderful thread.
Yesterday before closing i observed from the options chain that the market was bullish(COI and MaxOI) and some CE's were very bullish. But today on opening the scenario changed in a jiffy. How do we account for these situations considering that one would have bought naked calls looking at the bullish data for overnight positions?

OI numbers what we see are result of what already happened in the market.
so it is not certain that, now market should move as what is hinted by option chain at this point.

Do not think that OI will always change prior to price and will give you reversal signals.
OI changes occur parallel to market movement, and that is why by the time you notice changes in OI signalling a direction, you will see market has already taken that move.

So most of the times option chain analysis on eod will look like a cooked dish.
but real time it is

 

[vishal76]

As I am new to this forum someone please provide me the link for otp and mtp tools.

 

[ashutosh.krsrivastava]

As I am new to this forum someone please provide me the link for otp and mtp tools.

Check on previous page, 1st post on it.. u will get link for otp...