NIFTY Options Trading by RAJ

[bksujal]

Sorry to interrupt, How do you know that partcicular value is high /Low for the day(or month).. And can you please explain how the calls/puts open at High/Low?.. Only in case of Gap Up/ Gap Down the calls/put will be high/low

well its not necessary for the gaps for hi/lo's to confirm but usually a gap up and the same open price usually are bearish and we have to wait for 15 odd minutes confirmation though before taking a trade. Vice versa for open lows. So Raj has brilliantly put this idea for us in excel and we can trade of it intraday with a small stop loss. My idea was to broaden this reach and get more confirmation with options data concurring our original trade

 

[healthraj]

Hi Raj I had an idea had asked in your other thread but I think you aren't active there, the idea was that since I only trade in Nifty options I've noticed many times that Calls and Puts usually Open High/Low is there a way to get that on excel and trade of it? There's huge money to be made of it.

Please explain the strategy. Is it the same strategy that I have used in OTP. I mean (Open=High) is a Sell, (Open=Low ) is a Buy.

 

[bksujal]

Please explain the strategy. Is it the same strategy that I have used in OTP. I mean (Open=High) is a Sell, (Open=Low ) is a Buy.

yep exactly the same. Eg look at the 6000 ce and 6100 ce one of them is open high and the other is a few points off the high.

 

[ss16021981]

can v auto refresh oat excell sheet

 

[healthraj]

can v auto refresh oat excell sheet

Technically we can do that. But for people who have multiple excel files open, this might be a problem

 

[ss16021981]

can u tell me how to do it

 

[healthraj]

yep exactly the same. Eg look at the 6000 ce and 6100 ce one of them is open high and the other is a few points off the high.

OK. I have to find the NSEIndia.com link to download the Options. For the time being you can use the sheets "NO" (Nifty Options) and "SO" Stock Options where the OHLC values are there.

 

[ss16021981]

1 more query the pivot is moving down what does this indicate

 

[healthraj]

can u tell me how to do it

I have written the macros in MTP tool, which you can use. Basically we have to write a macro which will run the "Refresh" function every X minutes

 

[healthraj]

1 more query the pivot is moving down what does this indicate

Weakness or the Premiums are coming down. The NIFTY Premium which came down from 63 to 48 is now UP again to 55.6. So unless the Premiums come down to the Levels of 30-40, the Bulls would not be interested to Buy. No fun in buying at this High premiums. So more downside might be there.

But there is not much volume today because the Institutions are waiting for the Premiums to come down