NIFTY Options Trading by RAJ

[soumanag]

Hi,

Today market ended with MAX OI @ 8300 - 8500 (support shifted from 8100 to 8300). Lot of volatility.
The option chain shows bearish stance. MAX COI @ 8200 (-ve) and 8400. Max COI +VE is at 8300. Think we may see NIFTY testing 8300 once again tomorrow which may act as a support going by the PUT addition @8300 today. Only concern 8300 PUT COI fell substantially in last 30 mins. If Nifty bounces from 8300 then we may assume the bottom was formed during last weeks fall.
Global markets are green & a +ve DOW will mean further bullishness.

 

[mohan.sic]

So you think that just by pulling and criticizing people, You will get something out of them . This forum is for sharing and not for sucking.

So rather than being always critical, you also start contributing and sharing your ideas, your strategies. May be you will get something back.

I am not saying OAT is the ultimate and you can become a millionaire. It is just an alternative approach to using charts.
As I have always said, it works best in a Range bound market. For an Intraday trader, the COI works most of the time.

The most important thing is that I never promoted or encouraged Naked Options trading. I always have encouraged Pair trading and my target for the month was not more than 20%. So if somebody is looking to make 100% daily or monthly, then OAT is not to be used, Use some Coin tossing.

-------------------------

Raj,

Well, about the word criticizing, yes i did criticize. Its part of every discussion. But I am not pulling any one.
And am i sucking ? Do you stick to your word ? Are you saying that anyone who points a discrepency are suckers ?

Is this what you have got to reply me ..?

And are you thinking that, because you are doing this for free, because you are helping others, So no one should point at you ? Should we only praise you.:lol: ... Comeon Raj we did praise you many many times ... You never asked why you are being praised.. ofcourse you deserve it. But that doesnt mean we should not be critical...Thats Wrong thinking.

Why are you so irked off with my post ?

Even if you think that my post is not with right intent, but still..it has some content in it and why dont you reply to that constructively.


You dint even say your success rate.

When you think that some one is criticizing you so sharply, you must also understand that the person is not a paper trader. So there is no need to give gyan like " " we cant make 100% in a day ", " You cant become a millionaire with the tool" etc ... We all know that.

I genuinely raised a question ... reply it straightly. or ignore it.

 

[kcsusha]

Hope the heated discussion ends here. This beatiful and most educative forum
should not be allowed to degenerate. All are welcome to criticise, but in a dignified
manner. Afterall everyone wants to earn in this market and whoever gives a
constructive and profitable suggestion is welcome. This forum I hope oneday will
come out with a holy grail.

 

[healthraj]

-------------------------

Raj,

Well, about the word criticizing, yes i did criticize. Its part of every discussion. But I am not pulling any one.
And am i sucking ? Do you stick to your word ? Are you saying that anyone who points a discrepency are suckers ?

Is this what you have got to reply me ..?

And are you thinking that, because you are doing this for free, because you are helping others, So no one should point at you ? Should we only praise you.:lol: ... Comeon Raj we did praise you many many times ... You never asked why you are being praised.. ofcourse you deserve it. But that doesnt mean we should not be critical...Thats Wrong thinking.

Why are you so irked off with my post ?

Even if you think that my post is not with right intent, but still..it has some content in it and why dont you reply to that constructively.


You dint even say your success rate.

When you think that some one is criticizing you so sharply, you must also understand that the person is not a paper trader. So there is no need to give gyan like " " we cant make 100% in a day ", " You cant become a millionaire with the tool" etc ... We all know that.

I genuinely raised a question ... reply it straightly. or ignore it.

Hi,

Before I respond to your questions some quotes on Criticism

Don’t criticize what you don’t understand, son. You never walked in that man’s shoes. - Elvis Presley

Criticism, like rain, should be gentle enough to nourish a man’s growth without destroying his roots. - Frank A. Clark

I'm not everybody's cup of tea. But sometimes criticism can be hurtful. Be respectful. I'm a good piano player, I can sing well, I write good songs. If you don't like it, fair enough. But give me a break. - Elton John

Coming to your question which you call genuine ? To me it is a personal question, So I chose not to answer. Whether I win or loose using OAT should not be your problem. I am not forcing anybody to use OAT or my strategies. Hope you got the answer .

I will ask you some Genuine questions. Let me see if you are able to answer.

1. Who are you to criticize me? Are you some Trade Guru who made millions and who knows to make money?
2. How much profit you make every month?
3. Have you really used OAT? If yes, Did you try the Pair trading strategy.
4. How many times you have really contributed to this Traderji forum.
5. Why don't you start your own thread and post your ideas? I will give some a lot of critical ideas.

Note : I know the genuine posters who genuinely contribute. I know the posters who are looking for trouble and I call them suckers because they don't contribute anything constructively and are just around spreading some negativity.

People who want to criticize should earn my respect. And honestly I have not seen a single person in Traderji since we are all still trying. So do not try to act smart as if you are some Guru. People are watching and they know who you are and they also know who I am.

 

[mohan.sic]

Hi,

Before I respond to your questions some quotes on Criticism

Don’t criticize what you don’t understand, son. You never walked in that man’s shoes. - Elvis Presley

Criticism, like rain, should be gentle enough to nourish a man’s growth without destroying his roots. - Frank A. Clark

I'm not everybody's cup of tea. But sometimes criticism can be hurtful. Be respectful. I'm a good piano player, I can sing well, I write good songs. If you don't like it, fair enough. But give me a break. - Elton John

Coming to your question which you call genuine ? To me it is a personal question, So I chose not to answer. Whether I win or loose using OAT should not be your problem. I am not forcing anybody to use OAT or my strategies. Hope you got the answer .

I will ask you some Genuine questions. Let me see if you are able to answer.

1. Who are you to criticize me? Are you some Trade Guru who made millions and who knows to make money?
2. How much profit you make every month?
3. Have you really used OAT? If yes, Did you try the Pair trading strategy.
4. How many times you have really contributed to this Traderji forum.
5. Why don't you start your own thread and post your ideas? I will give some a lot of critical ideas.

Note : I know the genuine posters who genuinely contribute. I know the posters who are looking for trouble and I call them suckers because they don't contribute anything constructively and are just around spreading some negativity.

People who want to criticize should earn my respect. And honestly I have not seen a single person in Traderji since we are all still trying. So do not try to act smart as if you are some Guru. People are watching and they know who you are and they also know who I am.

-----------------------------

Raj,

I have not criticized you. You missing the whole point. Thats the problem.

Yes, you have started this thread, but down the line when so many traders/members posted and contributed ( excluding me ) in your thread and today when it is 700+ pages, its not just about you.

Its about the concept. I am talking about the concept.

Though you cant answer my queries, i will openly answer your questions:

1) Should some one be a Trade guru to point out a flaw. Add a tag line that " only people who earned xx millions can ask Raj " Then i wont dare. No one is a trade guru here and that is why we are here. So your question itself is wrong.

2) I cant say p/l on monthly basis. I dont calculate it that way. But i am looser in market. I dint make any good profits overall. I have lost hard earned money to markets. So my exp is not on paper. Its real.

3) I have seen your OAT sometime back. now i dont have it.

4) How many times i contributed to traderji??? What are you trying to say here ? Do i get the privilege to direct a query to Mr Raj only if i have 1000 likes?? These are very silly replies by you. Instead please dont respond to me. But dont come with these childish reasons.

5) About starting my own thread- you add this line to your signature " Strictly Only members who dont have any other views " i will walk out.
if someone has a query which you dont like..you ask them to leave .. is this fair ?

You please dont assume that i am trying to act smart. I am saying i am looser in market. :lol: And fyi gurus wont stop and discuss with you. Only people like us sailing on the same boat would do.

We should earn respect to question you ? What respect have you given to your fellow traders when you started this thread by posting some rules without even doing some basic checks ?? You have not done any kind of practical back testing when you posted your rules. You have just given them like that. Can you deny this fact ?

my friend, having said all this, i still have a lot of respect for you. There is no doubt about it. :thumb: But fact is a fact. As simple as that.

 

[mohan.sic]

Hope the heated discussion ends here. This beatiful and most educative forum
should not be allowed to degenerate. All are welcome to criticise, but in a dignified
manner. Afterall everyone wants to earn in this market and whoever gives a
constructive and profitable suggestion is welcome. This forum I hope oneday will
come out with a holy grail.

you are right it should not be allowed to degenerate.
If you feel that, what i told was not worth thinking...pls tell me.
But my question either to souma or to Raj...It is just straight . Where is it lacking dignity. But still if you feel its lacking..pls tel me i wil take back my words.:thumb:

 

[healthraj]

-----------------------------

Raj,

I have not criticized you. You missing the whole point. Thats the problem.

Yes, you have started this thread, but down the line when so many traders/members posted and contributed ( excluding me ) in your thread and today when it is 700+ pages, its not just about you.

Its about the concept. I am talking about the concept.

Though you cant answer my queries, i will openly answer your questions:

1) Should some one be a Trade guru to point out a flaw. Add a tag line that " only people who earned xx millions can ask Raj " Then i wont dare. No one is a trade guru here and that is why we are here. So your question itself is wrong.

2) I cant say p/l on monthly basis. I dont calculate it that way. But i am looser in market. I dint make any good profits overall. I have lost hard earned money to markets. So my exp is not on paper. Its real.

3) I have seen your OAT sometime back. now i dont have it.

4) How many times i contributed to traderji??? What are you trying to say here ? Do i get the privilege to direct a query to Mr Raj only if i have 1000 likes?? These are very silly replies by you. Instead please dont respond to me. But dont come with these childish reasons.

5) About starting my own thread- you add this line to your signature " Strictly Only members who dont have any other views " i will walk out.
if someone has a query which you dont like..you ask them to leave .. is this fair ?

You please dont assume that i am trying to act smart. I am saying i am looser in market. :lol: And fyi gurus wont stop and discuss with you. Only people like us sailing on the same boat would do.

We should earn respect to question you ? What respect have you given to your fellow traders when you started this thread by posting some rules without even doing some basic checks ?? You have not done any kind of practical back testing when you posted your rules. You have just given them like that. Can you deny this fact ?

my friend, having said all this, i still have a lot of respect for you. There is no doubt about it. :thumb: But fact is a fact. As simple as that.

I will leave this discussion here since Mohan.Sic is first of all not using OAT.

My argument is this : People who do not fully understand Options Analysis cannot jump in and make motherhood statements.

If someone has an alternative idea or a solution, I am open for discussion. Otherwise please do not waste my time. Also please do not get into questions like Does OAT really work? What is the Success rate of OAT?

The Answer to that question varies for different people. I have just shared what I am using. If you like it you use it. If you have doubts on how to use it, I can explain. But if you are here to tell me that OAT is useless, then you can better avoid this thread.

 

[healthraj]

you are right it should not be allowed to degenerate.
If you feel that, what i told was not worth thinking...pls tell me.
But my question either to souma or to Raj...It is just straight . Where is it lacking dignity. But still if you feel its lacking..pls tel me i wil take back my words.:thumb:

The point is you do not ask any straight questions. In a public forum you will have to always apply diplomacy. We can only ask straight questions to our dear ones.

 

[kcsusha]

Bulls are having upperhand at 8400 and 8450.

 

[healthraj]

MAX OI @ 8300-8500. Changed from 8100-8500 to 8300-8500. So it is a bullish signal.

MAX COI is at 8400-8300. When the CE Strike is less than the PE Strike, it normally indicates a Reversal or Strong move.

As per HTF, the Resistance is at 8530 SPOT.

As per Daily Futures Chart, the Resistance is at 8550 Futures.

So Around 8550 Futures, if the MAX OI @ CE remains at 8500, then one can Try selling the pair 8300-8500. With the current VOLT ~15%, one should get 8500CE @ 110 and 8300PE @ 10. So Totally the price should be 120.

If NIFTY Moves to 8400 from 8530, the Total premium should become 80, with a profit of 40 points.

So keep a watch on 8530 SPOT and trade accordingly.