NIFTY Options Trading by RAJ

[manoshare]

can anyone tell me where can i get latest max pain chart or reading ? plz help

 

[healthraj]

In the 60 min time frame the Pivot is at 6339, which seems to have been broken and so the next support will come at 6252. In the Lower timeframe also trading below Pivot of 6378 and the support is at 6295. So better to close your shorts around 6295 to 6300 Levels SPOT.

6350 is still indicating as BULLISH - Not sure whether the XX50 strikes indicate the real signs

This morning the Pivot was at 6339, Which might act as the RESISTANCE. so those who want to Take Risk and Short again can do around 6339-6346. The Current pivot is at 6346

 

[AmitForTrading]

The range has become 6000-6400 with max pain at 6200

 

[healthraj]

The range has become 6000-6400 with max pain at 6200

Yes the Range keeps on changing. The Long Calls and Puts are not giving great Profit. At least the Long Calls did not Give great profit even when the market made 400 points from 6030. The Puts are also not giving anything. May be the BIG MOVE is still pending


The MAX Pain also changed to 6200, 6300, 6250 and now to 6200. The MAX OI is once again 6200-6400.

So it is the confusing times. So we can only follow the Price action and the Intermediate Trend is Down and Still not bottomed out I think

 

[healthraj]

BANKBARODA

Range as per OAT = 560-700
MAX Pain 680

Currently SELL LIVE from 715.

Today Closed at 705.5

I think it will make double Top tomorrow or will try to Test the RESISTANCE once again at 715.

Around 715-718, BANKBARODA would be a SELL once again provided the OAT Range remains the same as 560-700.

Targets 694 and 674.

As per the 60 min chart Pivot at 694 and Support at 674.

 

[healthraj]

TATASTEEL

Range as per OAT = 400-420
MAX Pain 410

Currently SELL LIVE from 432.

Today Closed at 423

I think it is making a Head and Shoulders Pattern. If it does not cross 423 and goes below 420 then it is a Confirmed H&S Pattern
If it goes above 423, then the RESISTANCE is at 432, where it would be a SELL once again.

 

[babumehta]

TATASTEEL

Range as per OAT = 400-420
MAX Pain 410

Currently SELL LIVE from 432.

Today Closed at 423

I think it is making a Head and Shoulders Pattern. If it does not cross 423 and goes below 420 then it is a Confirmed H&S Pattern
If it goes above 423, then the RESISTANCE is at 432, where it would be a SELL once again.

Dear raj or other experts, do you know if there is site which shows 1 hour or 15/30 min charts live for nifty and stoke options?

 

[healthraj]

INFY @ TCS

INFY & TCS are trading in tight range of 100 points.

It would be good to Try for Intraday Trading because it would normally not Give Breakouts or Breakdowns.

INFY Range as per OAT is 3300-3400
TCS Range as per OAT is 2000-2100

So accordingly both are Trading near the RESISTANCE.

INFY would be a SELL around 3400 and TCS would be SELL around 2100. Watch these stocks.

Right now in both the Stocks LONG is LIVE

 

[healthraj]

Dear raj or other experts, do you know if there is site which shows 1 hour or 15/30 min charts live for nifty and stoke options?

If you are looking for a Free site, then you can use the NSE India Tame site.

Just google "NSE India Tame" - You will get the link. It also has the charts for Futures also

 

[healthraj]

The SELL for this down move was taken at 6415 SPOT. Going by the 120 point rule it NIFTY SPOT should make at least 6295. So those who are holding the Shorts Trade accordingly.

Hopefully 6295 SPOT should be Tested in the Opening. Better book the Short positions around 6295 - 6300. If 6295 breaks you can hold for another 30 points till 6270. But SGX NIFTY points to only 30 points which would be 6332-~30 = ~6302.