NIFTY Options Trading by RAJ

[ritesh.bafna88]

Dear Rajbhai,

If we get highest change in open interest for particular strike price for both CE and PE then how can we read the situation ????

for Example :

YESBANK 300 CE and 300 PE have max change in open interest then how we can read the situation ??? where is the trend ??? kindly guide me.

Thank you

Best Regards

Viraj

HDFC is showing the above signs MAX OI CE PE AND MAX PAIN all at 840!!!

 

[healthraj]

Dear Rajbhai,

If we get highest change in open interest for particular strike price for both CE and PE then how can we read the situation ????

for Example :

YESBANK 300 CE and 300 PE have max change in open interest then how we can read the situation ??? where is the trend ??? kindly guide me.

Thank you

Best Regards

Viraj

IT shows there is a BREAKOUT / BREAKDOWN at 380. Since in the 60 min chart the Support is at 377, it is probably a BREAKOUT

 

[AmitForTrading]

Todays candle is a classic Doji pattern meaning that there is a confusion in the market

 

[jagankris]

Todays candle is a classic Doji pattern meaning that there is a confusion in the market

I guess you are referring to Nifty.
Not Doji - Hammer.
Doji pattern - for whom the Confusion is

 

[arcus]

Around 1.5 months 15min Nifty chart

 

[AFORASTRO]

Around 1.5 months 15min Nifty chart

Sir what does this mean ..... i just a starter

 

[babumehta]

Around 1.5 months 15min Nifty chart

what software and data do u use to make this chart?

 

[arcus]

Sir what does this mean ..... i just a starter

It doesn't mean anything. I just drew support and resistance lines.

what software and data do u use to make this chart?

Its Amibroker. The data I downloaded using data downloader

 

[healthraj]

Raj Bro,

Have a look at daily chart and draw a channel from Sep19 onwards.I do foresee Nifty moving to 6500 which might be 5th wave of the channel.Thoughts Welcome.

Yes As per the Daily charts the Trend is on the UP side and RESISTANCE seems to be at 6530. The LONG is LIVE from 21-NOV from around 5970.

The Pivot is 6350. So a Strong move above 6350 might take to 6500.

But the Problem is with the BANKNIFTY. BANKNIFTY Stocks like ICICIBANK and SBIN were responsible for the recent Rally upto 6415. But now BANKNIFTY is in intermediate DOWN. The Major stocks like ICICIBANK, SBIN, HDFCBANK, YESBANK, AXISBANK all have Topped out and are in the DOWN mode.

The SELL in BANKNIFTY started at 12226 on 09-DEC. The pivot is at 11550. May be a bounce near 11550 will help BANKNIFTY make a double top and thus help NIFTY make 6500. Without the help of BANKNIFTY stocks, NIFTY cannot reach 6500 so easily.

So Watch BANKNIFTY to decide on 6500.

Today almost all the Banking stocks in 60 min chart bottomed out and looking to move up.

So hopefully tomorrow we should see an UP move in BANKNIFTY and NIFTY in the Second half.

 

[jagankris]

Yes As per the Daily charts the Trend is on the UP side and RESISTANCE seems to be at 6530. The LONG is LIVE from 21-NOV from around 5970.
So hopefully tomorrow we should see an UP move in BANKNIFTY and NIFTY in the Second half.

Why in the second half ?