NIFTY Options Trading by RAJ

[healthraj]

Yes the MAJOR Trend is still down. But since the MAX OI is at 5700-6000, You can expect some bounce back at 5700, which is what is happening today morning. At 5700 the market is still not decided whether to Go UP or DOWN, So it would Range bound for today.

Plus Yes NIFTY is Trading in the channel formed from 5917. On Thursday / Friday only it might take some direction.

For those who are short the Stoploss should be 5785 SPOT

In terms of NIFTY Futures, the stoploss should be around 5830. For today I think we can take Fresh shorts around 5820-5830. Tomorrow is a Holiday and so People would neither carry Long or Shorts... So market can close today at where it started... (Or where it closed yesterday).

The NIFTY Futures Premium once again jumps to 55+. In this Series whenever the Premium was around 55-60 it was an opportunity for Short. Hope it would repeat today also

 

[Option.Trader]

Raj

Could you explain the volatality chart information I have been trying to observe from the last few days.. .at instant it shows as below

Does this indicate that downside still exists till 5750? as Green and Red lines intersect at that point?

 

[healthraj]

Raj

Could you explain the volatality chart information I have been trying to observe from the last few days.. .at instant it shows as below

Does this indicate that downside still exists till 5750? as Green and Red lines intersect at that point?

Yes normally the intersection point could be the Reversal point or the Breaking point

 

[healthraj]

In terms of NIFTY Futures, the stoploss should be around 5830. For today I think we can take Fresh shorts around 5820-5830. Tomorrow is a Holiday and so People would neither carry Long or Shorts... So market can close today at where it started... (Or where it closed yesterday).

The NIFTY Futures Premium once again jumps to 55+. In this Series whenever the Premium was around 55-60 it was an opportunity for Short. Hope it would repeat today also

IT could be a Repeat of Last two days, where there was a sudden sell in the Last 30 minutes. So those who are long, it is better to close the Longs.

 

[ss16021981]

sir i m short in nifty any advice

 

[bksujal]

very boring market today

 

[healthraj]

sir i m short in nifty any advice

The market is closed now. If you are still holding the Shorts, then I don't know what to say. As per the Technicals, if 5700 is to be the bottom then 5700 will be surely hit (Double bottom still not made) But when it will hit is the question. Since the Range for this month is still narrow at 5700-6000, there is a lot of probability that it will hit 5700. but it can hit after touching 5900 or 6000 also.

In the Daily charts NIFTY is a SELL. So you can keep your Hope alive

 

[arcus]

We have been in this channel for the past two weeks now. The circles represent EMA crossover "sell signals".

 

[healthraj]

Raj

Could you explain the volatality chart information I have been trying to observe from the last few days.. .at instant it shows as below

Does this indicate that downside still exists till 5750? as Green and Red lines intersect at that point?

One can also look at the below link where I have given some examples of the VOLT chart. These charts were posted in 05-Aug-13, when the Market was heading south

http://www.traderji.com/trading-diary/88670-nifty-options-trading-raj-51.html#post841437

 

[bksujal]

Hi Raj does 2 intersection points mean the market will remain in a range? Also the lowest intersection point for the nifty is 5700 so I assume that is in futures or is it spot?