NIFTY Options Trading by RAJ

[Option.Trader]

Going for a rate cut would be suicidal.

It would not only accelerate further Rupee depreciation (USD-INR is now at 63.11) but also increase the inflationary pressures. WPI as you know came in at 5.79% (a full 100 bps above estimates) and CPI at 9.64%.

We are suffering from what is called Stagflation and rate cuts would only make things worse for the above reasons.

If you please the stock market, you end up hurting the currency and commodity markets.

Agree 100%, but govt are known to do stupid things to raise sentiment

 

[Option.Trader]

I think for BANKNIFTY seems to be building base at 9000. But for NIFTY the base is still not built. So now the stocks which rallied like the IT Stocks might be the target for selling so that the market can be brought down to around 5250.

So in this month, that way

6000-5500 - 500 points - Done
5500-5750 - 250 points - Done
5750-5250 - 500 points - 350 done - 150 Pending - The pending points might be done in this week and the consolidation might start for an UP movement.

so it would be a good idea to Buy BANKNIFTY SEP-13 options like 11000 CE @ 30 and Keep dreaming for BANKNIFTY would go UP

The VOLT for BANKNIFTY has come down indicating a BUY

The VOLT of NIFTY is on higher side indicating a SELL

Perfecto, though next support for bank Nifty is at 7800(the last true support)

 

[Option.Trader]

FII Analysis 19 august 2013

Lets see if there is still juice left in the system to exploit..

As seen from above, FII's have booked profits in the puts... they are still massively short on futures... so those who have overnight position.. another 100 points in the offing...

 

[chemmanian]

Dear OT
FIIs have added around 30k calls and liquidated 38k puts. Does it mean they are expecting some upside in shorttem

 

[Option.Trader]

Dear OT
FIIs have added around 30k calls and liquidated 38k puts. Does it mean they are expecting some upside in shorttem

Nope, they have booked profits on puts and switching to 5400 ce writing with the belief that Nifty would not cross 5400,suggesting blockbuster down moves may not come about but may linger in a range

 

[Option.Trader]

My view, 5470 is the top, unless some news breaks through.

5470 will be a mountain to climb for this expiry

 

[Option.Trader]

It's becoming bizarre, sell at any point in day and next day pocket 100 points

 

[healthraj]

It is a STRONG BEAR. NIFTY Futures made a Freak low of 5200, which I don't think anybody was able to capture.

Sell around 5360 for Targets of 5250 or even lower.

Less Risk can Short if NIFTY Spot goes below 5336.

Long only above 5425

@ 5250, NIFTY would have made 500 points and so you can definitely expect at least 200 points pull back. So confidently go LONG at around 5250 Levels.

 

[healthraj]

It is a STRONG BEAR. NIFTY Futures made a Freak low of 5200, which I don't think anybody was able to capture.

Sell around 5360 for Targets of 5250 or even lower.

Less Risk can Short if NIFTY Spot goes below 5336.

Long only above 5425

@ 5250, NIFTY would have made 500 points and so you can definitely expect at least 200 points pull back. So confidently go LONG at around 5250 Levels.

As told you yesterday, BANKNIFTY had a support 9000 which was broken during the market opening. So now BANKNIFTY trying to get its support back and pulling the NIFTY UP.

So Watch BANKNIFTY and trade NIFTY accordingly. BANKNIFTY next resistance at 9130 SPOT

But is still SELL on high for NIFTY

 

[healthraj]

The VOLT is very high and is a Good time to trade in Options and to make some quick money.