NIFTY Options Trading by RAJ

[Option.Trader]

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 ??

Max chgoi getting reduced to a lower level means bulls have lost conviction of earlier level holding. Magic number getting uncovered by more than 10% is always a clear indicator of an earlier support getting broken. And as mentioned earlier a low risk opportunity to buy naked options. I bought 7700puts @50 for a quick profit of 25 points. Maybe lucky this time, but usually gives a low risk entry. Sometimes 1:3

 

[healthraj]

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 ??

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.

Today the trading Range was 7800-7900. MAX COI for most of the time was 7700-7900. So those who played it as a TRENDING market might have made more points. But as per MAX OI, 7770 was the support and it was Tested.

In the last 30 minutes, I think the MAX COI was going all over the places. So let us wait for tomorrow's COI and play accordingly.

In the Daily Future Charts the support is at 7740. Weekly Futures support@7640. Both for Weekly Futures and Monthly Futures the Minor Support was 7815, Which seems to have been broken. So next support is at 7740, which might be tested tomorrow. Since 7815 was a major support. Tomorrow as per the Futures the Initial Range might be 7740-7815.

As per the Daily Futures Charts my BIAS from here is UP. But we will need some confirmation to go LONG.
At around 22-SEP when NIFTY was at 8170 My BIAS was down. That was also as per the Daily Charts.

 

[server2712]

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

Dear OT ,
Please elaborate about `uncovering of 7800 put`

Thanx.....

 

[amitglinkedin]

Hi Guys,

I am very new and just learning now..can you please tell where on NSE website can we find change in open Interest..and is it updated live during market hours...

Sorry if its a silly question..

 

[vssoma]

dear raj,
pls need your help in analysing this data... ( i'll add my view )

TATASTEEL

FUT @ 438.70 and SPOT @ 436.50

Max-OI-CE 2159000 @ 500
Max-OI-PE 723000 @ 450
H-Add-OI-CE 598000 @ 480
H-Add-OI-PE 78000 @ 440
H-Shred-OI-CE -28000 @ 520
H-Shred-OI-PE -118000 @ 450


where MAX Pain @ 460

Positional Trend is Bearish and the range is 450-500

for tomorrow .... intraday range could be 450-480 and the average (450+480)/2 = 465 is povot= 465

raj,
this is my understand.... and pls add your view with some explanation for learning purpose....
thank you.

 

[arunku83]

http://www.nseindia.com/live_market...tionKeys.jsp?symbol=NIFTY&instrument=-&date=-

here u can check the open interest Brother.. u can go in live tab and search for desired script..

 

[arunku83]

Dear Raj Sir,
i saw ur Excel file (Options Chain Analyzer for NSE Index and Stock v1.2F) today and found it is the simplest and very powerful tool with effective indicators to understand the market/ index mood or sentiment..

i m ur Fan .. definitely i have many degrees in mathematics..
so much formulas and excel advanced features u had used. which i dnt know


Thanks for this File and sharing for it with us..

but sir i dnt know how to update it's data..it showing me 26 Sept-2013
where to click so it gets the latest info from NSE site????

plz help me out if possible..
eagerly waiting for ur Rply..

 

[anilnegi]

Hi Guys,

I am very new and just learning now..can you please tell where on NSE website can we find change in open Interest..and is it updated live during market hours...

Sorry if its a silly question..

Dear sir

u looked really fresh in this stock market I think, pls do not trade and i sincerely urge u to not trade in F&O, till u get some experience over here.

anil negi
http://www.nseindia.com/live_market...-&segmentLink=17&symbolCount=2&segmentLink=17

 

[healthraj]

Dear Raj Sir,
i saw ur Excel file (Options Chain Analyzer for NSE Index and Stock v1.2F) today and found it is the simplest and very powerful tool with effective indicators to understand the market/ index mood or sentiment..

i m ur Fan .. definitely i have many degrees in mathematics..
so much formulas and excel advanced features u had used. which i dnt know


Thanks for this File and sharing for it with us..

but sir i dnt know how to update it's data..it showing me 26 Sept-2013
where to click so it gets the latest info from NSE site????

plz help me out if possible..
eagerly waiting for ur Rply..

Change the date 26-SEP-2013 to current Expiry month 30-Oct-14 and then click on the "Refresh" button

 

[healthraj]

dear raj,
pls need your help in analysing this data... ( i'll add my view )

TATASTEEL

FUT @ 438.70 and SPOT @ 436.50

Max-OI-CE 2159000 @ 500
Max-OI-PE 723000 @ 450
H-Add-OI-CE 598000 @ 480
H-Add-OI-PE 78000 @ 440
H-Shred-OI-CE -28000 @ 520
H-Shred-OI-PE -118000 @ 450


where MAX Pain @ 460

Positional Trend is Bearish and the range is 450-500

for tomorrow .... intraday range could be 450-480 and the average (450+480)/2 = 465 is povot= 465

raj,
this is my understand.... and pls add your view with some explanation for learning purpose....
thank you.

TATASTEEL in all the charts are trading below the Support. And so there might be an opportunity to BUY.

Today came below the Resistance at 470 and went down till 440.
The next support is at 435 .

So if 435 does not break, the Range for Trading could be 435-470. Tatasteel has been trading in the Range of 435-470 for some time now and so may be this range will continue.