NIFTY Options Trading by RAJ

[santhosh2010]

Jul MAXIMUM OPEN INTEREST IN CALL shifted to 7800

 

[healthraj]

Hi Raj,
Can you explain which daily pivot you are talking & How to calculate that.
Usually pivot calculated will be

Support-3 Support-2 Support-1 PIVOT Res 1 Res2 Res3
7637.02 7679.83 7714.27 7757.08 7791.52 7834.33 7868.77

Can u help me in this regard???

Look at the Post number 5324. I have provided the Daily Chart with the Pivot, Support and Resistance Lines. May be I am not using the Traditional way of calculating Trend lines... The Thick lines is the Major Trend lines... The dotted line is the Minor Trend

 

[healthraj]

Jul MAXIMUM OPEN INTEREST IN CALL shifted to 7800

YES the MAX OI now shifted to 7700-7800 from 7700-8000.

 

[cepetrading]

YES the MAX OI now shifted to 7700-7800 from 7700-8000.

So it means we will hit 7800 once tday or tom ?

 

[healthraj]

As per the LTF and HTF, BUY Signal is generated @ 7724.

In LTF (9 minute) the Levels are as below 7764(R2), 7748(R1), 7733 (Pivot ), 7718(S1), 7702(S2)

In HTF (60 minute) the Levels are as below 7934(R2), 7876(R1), 7818 (Pivot ), 7760(S1), 7702(S2).

So at 7702 it will be definitely a BUY.

I have closed the Pair 7400-7850 with 20 points.

Made low of 7708 and made a high of 7760

Bought 7800CE -AUG -14 @ 94 and Closed with 26 points at 120.

 

[healthraj]

As Per LTF, SELL triggered above 7761.

As per Minor Trend in HTF, the Resistance will come at 7775, Which is also the S1 in the Major Trend. So Watch 7765/75

 

[pratik_star_11]

I have a short position in nifty @ 7790....what would be SL you suggest ??

 

[healthraj]

Selling the PAIR 7700-8000 @ 122. I am expecting an UP Move

The Pair is Trading with 13 points profit.

 

[healthraj]

Stock Options

Wanted to Try some Stock options.

LT and SBIN are trading near the Hourly Support.

RBI Interest Rate Decision is Due in the Next week. So I am expecting a Run up. LT has been beaten too much I think. And I think there will be a Technical bounce some time this week.

LT 1600CE - AUG-14 - Bought at 24
SBIN 2600CE - AUG-14 - Bought at 41

Closed SBIN @ 48 and LT @ Cost - Do not have the Patience... Also the MAX OI in BANKNIFTY in AUG-14 is at 15000-15500. So not sure about SBIN.

 

[healthraj]

NIFTY Expiry Where ?

One day left for expiry. Where will NIFTY Expire in this month?

Normally NIFTY Expires around the Daily Pivot. Last month it expired around Hourly pivot.

So the possibilities.

Hourly Pivot @ 7830.
Hourly Minor Trend Pivot @ 7764

Daily Pivot @ 7901.
Daily Minor Trend Pivot @ 7740.

So the Expiry Seems to be above 7740.
The MAX Pain however is at 7700.

However the MAX OI still remains at 7700-8000.
MAX OI CE @ 8000 is a worry because that means the TOP is still being Speculated. We can see some positions being built in 7800 which is close to 8000. So probably we will see some action today/ tomorrow towards 7800.

Hourly Minor Pivot is at 7745. Hourly Major Pivot at 7843.

Daily Minor Pivot at 7745 and Major pivot at 7901.

So I think NIFTY would expire Below 7750 OR Around 7745.

It is purely my speculation based on the Daily and Hourly charts aligning their pivots at 7745.

Those who want to Take a Chance can buy 7800PE JUL-14 @ 25. If you are lucky you might get 25 points tomorrow.

MAX Pain also shifted 7750, As per the above expectation.