NIFTY Options Trading by RAJ

[Anand_1986]

Is this change in OI signals shift in trading range but still 8000 and 8500 pair has high OI. How to read this data.

 

[badarivt]

Is this change in OI signals shift in trading range but still 8000 and 8500 pair has high OI. How to read this data.

See the first few posts - change in OI is taken for intraday predictions

 

[ganeshsinghmba]

Sorry I could not post my position on last expiry (30th April). It is 0 (zero quantity) of nifty28May2015 8200 PUT at the price of 127.60. It means no position for this month.

 

[soumanag]

Market trend turned bullish. Max chg OI @ 8100 - 8600. The range is wide so the move might be flat. Might test 8300 in next couple of sessions!!!
Will be bearish if 8200 Call writing picks up
Comments from members pls

Made 8300.
Might see some resistance at this level since Call OI > Put OI at 8300. 8200 is short term support.
8300 PUT COI needs to pick up before further major up move. In that case might test 8400 spot.

 

[superandroid21]

Hello Sir,
First of all please forgive my ignorance if any, but I am unable to download the OAT Tool from the link in page 33. Is there another link from where the download is possible. Thanks in advance!

 

[healthraj]

Hello Sir,
First of all please forgive my ignorance if any, but I am unable to download the OAT Tool from the link in page 33. Is there another link from where the download is possible. Thanks in advance!

The link to the download the OAT mini version

http://wwwDOT4sharedDOTcom/file/zNHn7LKmce/RAJ_OAT_OptionsChain_Analyzer_.html

Replace DOT with a .

 

[agos]

Made 8300.
Might see some resistance at this level since Call OI > Put OI at 8300. 8200 is short term support.
8300 PUT COI needs to pick up before further major up move. In that case might test 8400 spot.

Souma Sir,
Now with 8300 Put OI (36 L) > 8300 Call OI (32 L) and 8300 Put COI (almost 10L) can we expect the move to continue till 8400.
At 8400 Put OI( 13.5L) < Call OI (31L).So, should we consider 8400 to be the immediate resistance?
Also, one quick observation 8600 Call strike has -ve COI (almost 4L); what does that signify; although Call OI (38L) >> Put OI (6 L).
Also what about the XX50 strikes; should we ignore those values.
Please enlighten.

 

[ajeetsingh]

RAJ OAT Option Chain Analyzer

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[soumanag]

Souma Sir,
Now with 8300 Put OI (36 L) > 8300 Call OI (32 L) and 8300 Put COI (almost 10L) can we expect the move to continue till 8400.
At 8400 Put OI( 13.5L) < Call OI (31L).So, should we consider 8400 to be the immediate resistance?
Also, one quick observation 8600 Call strike has -ve COI (almost 4L); what does that signify; although Call OI (38L) >> Put OI (6 L).
Also what about the XX50 strikes; should we ignore those values.
Please enlighten.

Hi,

The action in the morning shows no PUT writing and huge unwinding @ 8200. 8100 support has been shifted to 8000 again. 8200 might be broken soon. Wait before taking trade in this high volatility. If NIFTY future breaks 8200 and remain below this level, will be bad news for bulls.

 

[soumanag]

Souma Sir,

Also, one quick observation 8600 Call strike has -ve COI (almost 4L); what does that signify; although Call OI (38L) >> Put OI (6 L).
Also what about the XX50 strikes; should we ignore those values.
Please enlighten.

Hi,
Sry totally missed second part of your query due to market fall which made me dizzy :lol: by the time I was through typing NIFTY made 8200

Regarding -ve COI @ 8600 call we can assume some profit booking. Yesterdays move may have been a short covering rally so overall there were -ve COI at different OTM strikes.
XX50 strikes do not have substantial OI. If you go through the option chain you will immediately realize this. Major support / resistance reside @ XX00 levels. However they may be important to calculate MAX PAIN.