NIFTY Options Trading by RAJ

[healthraj]

Those who want to Trade Pairs can SELL 7650PE-7900CE Pair at 120. 7650@30 and 7900CE @ 90

Those who sold this pair can close this pair with 16-20 points profit.

 

[healthraj]

As per the Hourly chart if 7841 SPOT is broken today then the next targets are 7814 and 7780. If 7840 holds then the target is 7900.

Both 7814 and 7780 met today

 

[varesh.et]

So BANKNIFTY today working as per the COI and OI Arithmetic.

Near 15625 from 15800/15750.

In the morning it worked from 15675 to 15850 (Not reaching 15850 though)

Raj your prediction was so perfect and made me to get healthy amount today after confusion cleared out.

 

[healthraj]

NIFTY
As per COI the Range for today is 7800-7900.
So accordingly SELL near 7900 and Buy near 7800.

BANKNIFTY
It seems to be Rangebound with Pivot at 15850. It seems to be trading below 15850 and so the next Target could 15675 (Average of OI and COI). If 15675 breaks then it could test 15500 (MAX COI at PE) also. More or less Same level as on Tuesday.

So today Both NIFTY and BANKNIFTY working perfectly. Only some patience was required in the morning. BANKNIFTY's levels changed since it was not able to cross 15850. Enjoy those who traded as per the strategy.

 

[healthraj]

Those who want to BUY for Diwali (Only positional Trades) with a little bit of Risk can buy ATM/ITM Calls whenever NIFTY goes below 7800. Of course this is based on MAX OI 7800-8200.

MAX OI has changed to 7800-8000. Do not buy today. Wait for NIFTY to settle down. You can buy tomorrow EOD or next week. Monthly Minor Trend support is at 7650.. Let us buy only when we get some positive signals. Do not buy in expectation.

 

[nsbadri]

healthraji,
thank you
i just cancelled the order
about to buy
gr8 to wait and settle down
thanks

 

[healthraj]

COI @ 7400-7900 now is indicating a 7650 tomorrow. So those who have not closed the Shorts can leave some positions for a GAP down tomorrow.

If we have to get the Same levels tomorrow then the Range for tomorrow would be 7650-7825. MAX OI back to 7800-8200.

 

[Option.Trader]

Nifty should go towards 7750 with uncovering of 7800 puts, that is where buying may start. Bought some 7700 puts @50 for targets of 7750 tomo

Wow, targets achieved within 30 minutes. 25 points in kitty and leaving some open for tomo and as mentioned earlier 7800 uncovered more than 10% and it was evident at around 1 pm that 7800 wouldn't hold

 

[shrisha.karanth]

SPOT price is @ 7750

And MAX OI 7800 - 8000
AND MAX COI 7400 - 7800

When MAX COI Getting reduced is it that the market can go down ??

MAX OI 7800 is getting redused to ~ 60Laks from 70Laks(magic figure) what does it mean ??

 

[singlap]

MAX COI is 7800 and 7900 , MAX OI is 7800 & 8000 as per closing data on nse website. Although market has gone below 7800 as of now. This is now going to test the system. For short period 7400 had become MAX OI on put side and hence we could have revised target to 7650.
Lets see. Raj sir, your views.