NIFTY Options Trading by RAJ

[bksujal]

Bank Nifty isnt participating now with Nifty as nifty just made a new high signs of weakness I suppose?

 

[anup]

Market taking contrarian view?.. May be.. We are in for surprise move!!.. I dont know which side.. But someone will be caught on the wrong foot.. May be Longs can be stranded or shorts can also be stranded..Keep calm and follow the tool

 

[anup]

Action is quick and fast.. Thanks OT for the alert ..Made some quick money...

 

[healthraj]

We started the Series with 66 as the Premium for NIFTY Futures. Today we closed with 41.8 as the Premium. Almost 30% reduction. Does this signal any Pullback? Tomorrow the market will React to the US Debt Ceiling decision with a GAP UP or GAP DOWN.

I had posted this message on 30-SEP EOD when the Premium dropped from 66 to 41 and you saw that the market was bought. Now at 10:45 we have a similar situation. The premium is once again around 41. Yesterday it was around 60. So as told you in the beginning of this series. It is purely a Premium game. So have a close watch on the Premium before you buy or Sell. Remember whenever the market makes a new MAX OI, the market will always test that level. Yesterday the MAX OI was changed from 5700-6000 to 5700-6100. So I think 6100 will be tested before going down. So trade with caution.

The MAX Pain also moved from 5800 to 5850 to now 5900

The VOLD chart is also converging at 6100.

If you have taken the Shorts around 6000 better book the profit around 5925 and Wait patiently for the next setup

 

[ss16021981]

i have join this thread a week by but i have read half of this thread i m messing healthraj live commentry so i request him to pls continue it will help us so pls

 

[Option.Trader]

I had posted this message on 30-SEP EOD when the Premium dropped from 66 to 41 and you saw that the market was bought. Now at 10:45 we have a similar situation. The premium is once again around 41. Yesterday it was around 60. So as told you in the beginning of this series. It is purely a Premium game. So have a close watch on the Premium before you buy or Sell. Remember whenever the market makes a new MAX OI, the market will always test that level. Yesterday the MAX OI was changed from 5700-6000 to 5700-6100. So I think 6100 will be tested before going down. So trade with caution.

The MAX Pain also moved from 5800 to 5850 to now 5900

The VOLD chart is also converging at 6100.

If you have taken the Shorts around 6000 better book the profit around 5925 and Wait patiently for the next setup

Max pain remains at 5800 as per option oracle

 

[healthraj]

Max pain remains at 5800 as per option oracle

OT, Does Options Oracle give a value ? I hope it displays the graph and we have to deduce the value from the Graph.

I used to calculate with 10 strikes and then 20 strikes. Now I have calculated the value with 30 strikes from 5150 to 6650 and the MAX Pain is at 5900.

Even if we don't take into account the complex method, Just going by the simple method of calculating the MAX Pain, we get 5900. The simple method is to take the average of the MAX OI strikes which is now at 5700 and 6100. The Average of 5700 and 6100 will give you 5900

 

[healthraj]

i have join this thread a week by but i have read half of this thread i m messing healthraj live commentry so i request him to pls continue it will help us so pls

Hi,

I agree. But nowadays I get stuck in my own personal work and so unable to post my detailed views. So I would also love to hear from others on their views. Because multiple views helps us to come out of our perceptions. So based on your observation of the tool, you can post your views and I will certainly give my views

 

[ss16021981]

till now i just understood the concept weak bull/bear & strong bull/bear from morning i was short by watching this

 

[ss16021981]

now its showing strong bear so i had taken put