NIFTY Options Trading by RAJ

[healthraj]

Raj sir,

Kindly look into my research for CIPLA and give your valuable suggestions:

CIPLA has been in a strong uptrend for past 1 month now. Last 10 sessions, the stock has risen on regular positive news.

Now the position is as such:

According to Daily data: (August - september)
2 S.D. - 608
2.5 S.D. - 635
CMP - 612
Suggests sell

According to Weekly data: (May - september)
2.5 S.D. - 602
3 S.D. - 632
CMP - 612
Suggests strong sell

According to Monthly data: (January 2014 - september 2014)
2 S.D. - 596
2.5 S.D. - 635
CMP - 612
Suggests sell

My research says it is a sell but i couldnt estimate the time by which it will fall i.e. september expiry or october expiry..

Kindly help me by looking into it and letting me know if i am thinking right..

Thanks

YES CIPLA is in an UP TREND.

It is still not a SAFE SELL. It is a BUY On Dips. It is Better to SELL when there is some Reversal in the charts. As of now no sign of SELL in any of the time frames. Since it has hit the Resistance on Friday there might be a correction of 1% or 2%. But that opportunity should be used to BUY

As per the Options Chain the Range is 580-640. So you can SELL around 640.
As per the LTF the Support is at 604.5 SPOT. As per the HTF the Support is at 588.9. Pivot at 603.8. So most probably it will be a BUY around 604 (Pivot of HTF and Support of LTF).

LTF (21 minute)

HTF (60 minute)

The Above charts are for an Aggressive Trader, if you want to Trade with the TREND you should ignore the SELL and Wait for a BUY as below. The Same LTF chart with Safe signals...

For a SAFE SELL, your chart should look similar to the one in the post 5877 posted for HEROMOTOCO

http://www.traderji.com/trading-diary/88670-nifty-options-trading-raj-588.html#post1000548

 

[healthraj]

NIFTY This week

NIFTY has been in an UP TREND in Daily and Monthly. In the Weekly it had reversed and generated a SELL and now trying to form a higher top at 8275/8300.

As per the Daily Charts, it is a BUY around 8014-8049, NIFTY is a SELL around 8261-8296

As per the HTF it is a DOWN Trend from 8160. So I think 8014-8049 will be Tested first. It can go even lower to 7950.

This Week first signs of Reversal might be seen in the Daily Charts. From the observation, whenever the Reversal signal comes , normally the stock goes in The opposite way. For example, if NIFTY goes below 8050, then a DOWNward signal might be triggered. So at that point, NIFTY will try and Test 8200/8300. So it is not enough to get the Reversal signal, we should also get a SELL signal. So far no Reversal or SELL in Daily Charts. But First Reversal and then SELL.

HTF

Daily

 

[timepass]

BNF please..

 

[healthraj]

BNF please..

BANKNIFTY HTF

 

[healthraj]

NIFTY This week

NIFTY has been in an UP TREND in Daily and Monthly. In the Weekly it had reversed and generated a SELL and now trying to form a higher top at 8275/8300.

As per the Daily Charts, it is a BUY around 8014-8049, NIFTY is a SELL around 8261-8296

As per the HTF it is a DOWN Trend from 8160. So I think 8014-8049 will be Tested first. It can go even lower to 7950.

This Week first signs of Reversal might be seen in the Daily Charts. From the observation, whenever the Reversal signal comes , normally the stock goes in The opposite way. For example, if NIFTY goes below 8050, then a DOWNward signal might be triggered. So at that point, NIFTY will try and Test 8200/8300. So it is not enough to get the Reversal signal, we should also get a SELL signal. So far no Reversal or SELL in Daily Charts. But First Reversal and then SELL.

HTF

Daily

NIFTY HTF

In the Daily charts first sign of Weakness. Right now HTF is DOWN. If the Reversal comes in HTF (to UP), we can expect some bounce back to 8250...

 

[healthraj]

All the Stocks that we have been tracking as going as per the Trend expected

Hopefully my new charts with Polynomial curves / Trends is working...
NIFTY - DOWN 1%
BAJAJ-AUTO - Down 1%
MARUTI - DOWN 1%
CIPLA - UP 2.5%
COAL INDIA - DOWN 0.5%
ONGC - DOWN 1%

 

[lamerider]

NIFTY HTF

In the Daily charts first sign of Weakness. Right now HTF is DOWN. If the Reversal comes in HTF (to UP), we can expect some bounce back to 8250...

Sir,

the chain data is showing great potential to break the 8000 barrier!!

 

[chintan786]

HEXAWARE Today showed some signs of Reversals in Hourly chart.

As per the MAX COI also there is a Reversal today
175CE = -22K
180PE = 20K

But there is no SELL Signal Yet LTF, HTF, Daily or Weekly charts.

In Monthly charts there is a SELL signal above 166.

As per Weekly and Daily the Resistance is around 186/187.

As per Hourly charts, I think it should minimum test 184.

These charts are based on Polynomial Regression and Standard deviation. In an UP Trend, if one gets between the two green lines, one can BUY. In an DOWN Trend if one gets between the orange and Red lines then one can sell.

The Bands are formed with 1.5 times (Light green and Orange lines) the Standard deviation, 2 times the standard deviation (Red and Dark green lines)

The Targets should be for an UP Move,
Close 50% at the Blue line
Close 100% at the Orange / Red line

Dear Raj.

Today in Hexaware there is following change in options chain:

185CE = +8K
190CE = +16K
200CE = +16K

180PE = +10K.

on charts I guess not much have changed.

wants to know ur views on this

 

[healthraj]

Dear Raj.

Today in Hexaware there is following change in options chain:

185CE = +8K
190CE = +16K
200CE = +16K

180PE = +10K.

on charts I guess not much have changed.

wants to know ur views on this

Both in LTF and HTF there is a SELL around 181.5 and the Support is at 172-75.

In the Daily charts the TREND is still UP. And the Support is at 170. So may be it is the last chance to BUY around 170 for a target of 190. As per the Options chain the range is 160-190.

 

[healthraj]

Sir,

the chain data is showing great potential to break the 8000 barrier!!

As per the Options Chain the MAX COI is at 8100-8200 and MAX OI @ 8000-8200.

So does not suggest any Deep cut right now.

As per the individual strikes, 8000 is Bullish and 8000+ strikes are Bearish. So today we have already seen 8030, May be we can see 7970 today.

So two things are possible.

If the market has to go down from here, then NIFTY needs to Trade FLAT for the next 2-3 days, so that it can go down further. If NIFTY does not move below 7970 then we can expect 8250.

Right now the Trend is DOWN in LTF and HTF and has shown the Reversal signs in Daily. Already SELL Triggered in Weekly.

If one has sold around 8150, then it is better to book 50% in 8050. And may be close 100% around 7970, Depending on what happens at 7970.

After today's move, Daily Support is at 7958-7993 Futures.