NIFTY Options Trading by RAJ
- Thread starter healthraj
- Start date
- Tags nifty options chain raj oat
I don't like to Speculate but since you have asked for it.
Looking at the OI, the Range MAX TOP for this series could be 6430 since the MAX OI is at 6200-6400 and MAX Pain is also at 6300 (Average of 6200 and6400).
So If MAX OI does not change to say 6450/6500 then we can consider 6400 as the TOP and take positions accordingly.
Expiry is a little far away and so we have a long time for that.
If I Remember correctly Yesterday or Day before Yesterday NIFTY Futures made a Freak low of 5600. So even 5600 should be possible
.
On a Serious note, Just to purely speculate 6500 could also be top looking at today's COI of 6300-6500.
Plus I normally calculate 60 points at a time for NIFTY. Accordingly this Series has been going on NON STOP from 5980.
So 240 points from 5980 would be 6220, where there was a small correction.
And 240 points from 6220 would be 6460.
So may be 6460 might be top of this Series.
But I have always seen that the Last 50 points is very difficult to Get and so the First Correction might actually start at 6460-50=6410.
So Watch 6410 carefully... 6400/10 is already the RESISTANCE in the daily charts and the hourly charts. As per OI also 6400 is the RESISTANCE right now.
Those who have been lucky with the Bull ride from 5980 / 6220 then one must seriously thinking of booking at least 50% profits at 6400
Looking at the OI, the Range MAX TOP for this series could be 6430 since the MAX OI is at 6200-6400 and MAX Pain is also at 6300 (Average of 6200 and6400).
So If MAX OI does not change to say 6450/6500 then we can consider 6400 as the TOP and take positions accordingly.
Expiry is a little far away and so we have a long time for that.
If I Remember correctly Yesterday or Day before Yesterday NIFTY Futures made a Freak low of 5600. So even 5600 should be possible
. On a Serious note, Just to purely speculate 6500 could also be top looking at today's COI of 6300-6500.
Plus I normally calculate 60 points at a time for NIFTY. Accordingly this Series has been going on NON STOP from 5980.
So 240 points from 5980 would be 6220, where there was a small correction.
And 240 points from 6220 would be 6460.
So may be 6460 might be top of this Series.
But I have always seen that the Last 50 points is very difficult to Get and so the First Correction might actually start at 6460-50=6410.
So Watch 6410 carefully... 6400/10 is already the RESISTANCE in the daily charts and the hourly charts. As per OI also 6400 is the RESISTANCE right now.
Those who have been lucky with the Bull ride from 5980 / 6220 then one must seriously thinking of booking at least 50% profits at 6400
I have mostly used the Google Finance data in Excel and it is absolutely free. And I am comfortable with the Cash charts.
But I have been using the charts from InvestarIndia.com before Jul-2013. They were providing 3 minute charts with version 3.0. Now they give 1 minute data also with version 4.0. They have different plans. I was using yearly plan for Rs. 5500. It is a thick client application.
But I have been using the charts from InvestarIndia.com before Jul-2013. They were providing 3 minute charts with version 3.0. Now they give 1 minute data also with version 4.0. They have different plans. I was using yearly plan for Rs. 5500. It is a thick client application.
I don't like to Speculate but since you have asked for it.
Looking at the OI, the Range MAX TOP for this series could be 6430 since the MAX OI is at 6200-6400 and MAX Pain is also at 6300 (Average of 6200 and6400).
So If MAX OI does not change to say 6450/6500 then we can consider 6400 as the TOP and take positions accordingly.
Expiry is a little far away and so we have a long time for that.
If I Remember correctly Yesterday or Day before Yesterday NIFTY Futures made a Freak low of 5600. So even 5600 should be possible.
On a Serious note, Just to purely speculate 6500 could also be top looking at today's COI of 6300-6500.
Plus I normally calculate 60 points at a time for NIFTY. Accordingly this Series has been going on NON STOP from 5980.
So 240 points from 5980 would be 6220, where there was a small correction.
And 240 points from 6220 would be 6460.
So may be 6460 might be top of this Series.
But I have always seen that the Last 50 points is very difficult to Get and so the First Correction might actually start at 6460-50=6410.
So Watch 6410 carefully... 6400/10 is already the RESISTANCE in the daily charts and the hourly charts. As per OI also 6400 is the RESISTANCE right now.
Those who have been lucky with the Bull ride from 5980 / 6220 then one must seriously thinking of booking at least 50% profits at 6400
Looking at the OI, the Range MAX TOP for this series could be 6430 since the MAX OI is at 6200-6400 and MAX Pain is also at 6300 (Average of 6200 and6400).
So If MAX OI does not change to say 6450/6500 then we can consider 6400 as the TOP and take positions accordingly.
Expiry is a little far away and so we have a long time for that.
If I Remember correctly Yesterday or Day before Yesterday NIFTY Futures made a Freak low of 5600. So even 5600 should be possible
. On a Serious note, Just to purely speculate 6500 could also be top looking at today's COI of 6300-6500.
Plus I normally calculate 60 points at a time for NIFTY. Accordingly this Series has been going on NON STOP from 5980.
So 240 points from 5980 would be 6220, where there was a small correction.
And 240 points from 6220 would be 6460.
So may be 6460 might be top of this Series.
But I have always seen that the Last 50 points is very difficult to Get and so the First Correction might actually start at 6460-50=6410.
So Watch 6410 carefully... 6400/10 is already the RESISTANCE in the daily charts and the hourly charts. As per OI also 6400 is the RESISTANCE right now.
Those who have been lucky with the Bull ride from 5980 / 6220 then one must seriously thinking of booking at least 50% profits at 6400
I don't like to Speculate but since you have asked for it.
Looking at the OI, the Range MAX TOP for this series could be 6430 since the MAX OI is at 6200-6400 and MAX Pain is also at 6300 (Average of 6200 and6400).
So If MAX OI does not change to say 6450/6500 then we can consider 6400 as the TOP and take positions accordingly.
Expiry is a little far away and so we have a long time for that.
If I Remember correctly Yesterday or Day before Yesterday NIFTY Futures made a Freak low of 5600. So even 5600 should be possible.
On a Serious note, Just to purely speculate 6500 could also be top looking at today's COI of 6300-6500.
Plus I normally calculate 60 points at a time for NIFTY. Accordingly this Series has been going on NON STOP from 5980.
So 240 points from 5980 would be 6220, where there was a small correction.
And 240 points from 6220 would be 6460.
So may be 6460 might be top of this Series.
But I have always seen that the Last 50 points is very difficult to Get and so the First Correction might actually start at 6460-50=6410.
So Watch 6410 carefully... 6400/10 is already the RESISTANCE in the daily charts and the hourly charts. As per OI also 6400 is the RESISTANCE right now.
Those who have been lucky with the Bull ride from 5980 / 6220 then one must seriously thinking of booking at least 50% profits at 6400
Looking at the OI, the Range MAX TOP for this series could be 6430 since the MAX OI is at 6200-6400 and MAX Pain is also at 6300 (Average of 6200 and6400).
So If MAX OI does not change to say 6450/6500 then we can consider 6400 as the TOP and take positions accordingly.
Expiry is a little far away and so we have a long time for that.
If I Remember correctly Yesterday or Day before Yesterday NIFTY Futures made a Freak low of 5600. So even 5600 should be possible
. On a Serious note, Just to purely speculate 6500 could also be top looking at today's COI of 6300-6500.
Plus I normally calculate 60 points at a time for NIFTY. Accordingly this Series has been going on NON STOP from 5980.
So 240 points from 5980 would be 6220, where there was a small correction.
And 240 points from 6220 would be 6460.
So may be 6460 might be top of this Series.
But I have always seen that the Last 50 points is very difficult to Get and so the First Correction might actually start at 6460-50=6410.
So Watch 6410 carefully... 6400/10 is already the RESISTANCE in the daily charts and the hourly charts. As per OI also 6400 is the RESISTANCE right now.
Those who have been lucky with the Bull ride from 5980 / 6220 then one must seriously thinking of booking at least 50% profits at 6400
Little clarification,do you expect to scale 6460 with difficulty and than come back to 6410 and than fall or it may start falling from 6410 itself !!
Regds
NIFTY Charts
Pictures Speak Better than Words. So I will leave you guys to decide. I make my decisions based on these charts. These are Excel charts that I prepare using the Google Finance charts.
As you will see that Major Resistance is around 6408-6413, the Reason for which I am asking people to be careful at 6410. This is a Technical view. If for some reason if the FIIs wants to push their button to wantedly challenge the Technicals. That is very much possible. But after that the technical will somehow fall in place.
The Dotted red line is the Resistance for the last 20 candles
The dotted Green line is the Support for the last 20 candles.
The red line is resistance from the last 80 candles
The Green line is Support from the last 80 candles
The Violet line is the Stop loss
The Blue lines are the Pivot lines. Light blue (20 candles). Dark blue (80 candles).
So this is my recent system to find the SELL and BUY points.
It is not a perfect system but it seems to be working for me.
The Lines are drawn automatically using the Trend calculation and it is not drawn manually like you do in the charts
I have also used a combination of Standard Deviation the Stocks Volatility to draw the Support, Resistance and Pivot lines
NIFTY Daily Broad Trend
NIFTY Daily Zoomed
NIFTY HTF Broad trend
NIFTY HTF Closer look
NIFTY LTF Broad Trend
NIFTY LTF Closer Look
Pictures Speak Better than Words. So I will leave you guys to decide. I make my decisions based on these charts. These are Excel charts that I prepare using the Google Finance charts.
As you will see that Major Resistance is around 6408-6413, the Reason for which I am asking people to be careful at 6410. This is a Technical view. If for some reason if the FIIs wants to push their button to wantedly challenge the Technicals. That is very much possible. But after that the technical will somehow fall in place.
The Dotted red line is the Resistance for the last 20 candles
The dotted Green line is the Support for the last 20 candles.
The red line is resistance from the last 80 candles
The Green line is Support from the last 80 candles
The Violet line is the Stop loss
The Blue lines are the Pivot lines. Light blue (20 candles). Dark blue (80 candles).
So this is my recent system to find the SELL and BUY points.
It is not a perfect system but it seems to be working for me.
The Lines are drawn automatically using the Trend calculation and it is not drawn manually like you do in the charts
I have also used a combination of Standard Deviation the Stocks Volatility to draw the Support, Resistance and Pivot lines
NIFTY Daily Broad Trend
NIFTY Daily Zoomed
NIFTY HTF Broad trend
NIFTY HTF Closer look
NIFTY LTF Broad Trend
NIFTY LTF Closer Look
Last edited:
NIFTY Charts
Pictures Speak Better than Words. So I will leave you guys to decide. I make my decisions based on these charts. These are Excel charts that I prepare using the Google Finance charts.
As you will see that Major Resistance is around 6408-6413, the Reason for which I am asking people to be careful at 6410. This is a Technical view. If for some reason if the FIIs wants to push their button to wantedly challenge the Technicals. That is very much possible. But after that the technical will somehow fall in place.
The Dotted red line is the Resistance for the last 20 candles
The dotted Green line is the Support for the last 20 candles.
The red line is resistance from the last 80 candles
The Green line is Support from the last 80 candles
The Violet line is the Stop loss
The Blue lines are the Pivot lines. Light blue (20 candles). Dark blue (80 candles).
So this is my recent system to find the SELL and BUY points.
It is not a perfect system but it seems to be working for me.
The Lines are drawn automatically using the Trend calculation and it is not drawn manually like you do in the charts
I have also used a combination of Standard Deviation the Stocks Volatility to draw the Support, Resistance and Pivot lines
NIFTY Daily Broad Trend
NIFTY Daily Zoomed
NIFTY HTF Broad trend
NIFTY HTF Closer look
NIFTY LTF Broad Trend
NIFTY LTF Closer Look
Pictures Speak Better than Words. So I will leave you guys to decide. I make my decisions based on these charts. These are Excel charts that I prepare using the Google Finance charts.
As you will see that Major Resistance is around 6408-6413, the Reason for which I am asking people to be careful at 6410. This is a Technical view. If for some reason if the FIIs wants to push their button to wantedly challenge the Technicals. That is very much possible. But after that the technical will somehow fall in place.
The Dotted red line is the Resistance for the last 20 candles
The dotted Green line is the Support for the last 20 candles.
The red line is resistance from the last 80 candles
The Green line is Support from the last 80 candles
The Violet line is the Stop loss
The Blue lines are the Pivot lines. Light blue (20 candles). Dark blue (80 candles).
So this is my recent system to find the SELL and BUY points.
It is not a perfect system but it seems to be working for me.
The Lines are drawn automatically using the Trend calculation and it is not drawn manually like you do in the charts
I have also used a combination of Standard Deviation the Stocks Volatility to draw the Support, Resistance and Pivot lines
NIFTY Daily Broad Trend
NIFTY Daily Zoomed
NIFTY HTF Broad trend
NIFTY HTF Closer look
NIFTY LTF Broad Trend
NIFTY LTF Closer Look
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