NIFTY Options Trading by RAJ

[whisky]

@healthraj

Sir, your views on Bank Nifty for tomorrow & for expiry

 

[Option.Trader]

Probably a chart will be better to explain. This is the 30 min chart. I hope you are talking about 5395 and I am talking about 5295


Below the 60 min chart... In the 60 min chart the BUY signal was generated at 5268 but not in 30 minute chart

On what basis is the call for 22nd @9:50 a sell signal while the one @11:31 is a buy ? both are above the green line... if the signal can only be drawn retrospectively, is it useful to take a live call?

 

[healthraj]

On what basis is the call for 22nd @9:50 a sell signal while the one @11:31 is a buy ? both are above the green line... if the signal can only be drawn retrospectively, is it useful to take a live call?

The Buy or Sell is based on the Trend rule. That is in an UP market it has to make Higher High and Higher Lows.


So accordingly the downtrend started from 5471.
@9:50 the Pivot - 5254 is a continuation of the previous trend, which is a SELL. So the SELL is taken at 5471 or when it crossed below 5432.
@ 11:31, the pivot 5267 did not make a Lower Low compared to 5254. So it is flagged as a BUY.

The Support / Resistance Line with respect to the Recent pivots

 

[healthraj]

@healthraj

Sir, your views on Bank Nifty for tomorrow & for expiry

9400 is a major resistance. The MAX Pain is also at 9400. So for today based on movement near 9400, hope somebody can sell near 9400 for target of 8800 or lower.

 

[healthraj]

For 23-Aug-13.

For Today the Pivot is at 5444 and so the market will test 5444. Until then trade the Long. At 5444 we will see the situation and trade accordingly.

The OAT indicates a WEAK BEAR with 5400 as BEAR and 5500 FLAT and 5300 BULL. So we have to watch 5400 and 5500 today for taking any positions.

The Low as per OAT is 5291 and High could be 5596 (High Does not seem possible for today).

As per the PRICE Action and Pivots it is a BUY Signal now above 5378 SPOT. For Longs the STOPLOSS Would 5378 SPOT

 

[whisky]

5480 in NiftyFutr looks realistic target for today if US$ remains below 64.50 & if US$ breaks below 64, then nifty can easily cross 5500

 

[healthraj]

For 23-Aug-13.

For Today the Pivot is at 5444 and so the market will test 5444. Until then trade the Long. At 5444 we will see the situation and trade accordingly.

The OAT indicates a WEAK BEAR with 5400 as BEAR and 5500 FLAT and 5300 BULL. So we have to watch 5400 and 5500 today for taking any positions.

The Low as per OAT is 5291 and High could be 5596 (High Does not seem possible for today).

As per the PRICE Action and Pivots it is a BUY Signal now above 5378 SPOT. For Longs the STOPLOSS Would 5378 SPOT

Market made high of 5442.4 and 5444 more or less achieved. No sign of Shorts Yet. But to be on the safe side, better to book partial / Full profits and be on the sidelines to take further trades

 

[healthraj]

5426.9 SPOT is recent Pivot Low in 30 min and 60 min Charts. So you can try Shorting below 5425 SPOT

 

[healthraj]

5426.9 SPOT is recent Pivot Low in 30 min and 60 min Charts. So you can try Shorting below 5425 SPOT

SELL Call Triggered below 5426.9. So better close all LONG Positions now.

 

[Option.Trader]

SELL Call Triggered below 5426.9. So better close all LONG Positions now.

Two taken 1) Nifty future short @5420 and bank Nifty short @9430 ,let's see