NIFTY Options Trading by RAJ

[Rasendra]

Mr. Raj, how to select pair for day trading ? ex. todays pair 7600-8000.as per op. chain table max COI 7700-7600. Please throw light on this, I am very thankful to you.
Regards,
Rasendra.

 

[healthraj]

Mr. Raj, how to select pair for day trading ? ex. todays pair 7600-8000.as per op. chain table max COI 7700-7600. Please throw light on this, I am very thankful to you.
Regards,
Rasendra.

There is no Straight answer.
- First thing is for NIFTY I make sure that I sell a Pair whose total value is greater than 120.
- One premium at least 90.
- The Strike with Premium as 90 should be in Support or Resistance

The last time when I sold the 7600-8000 Pair, my thinking was as follows.

- 7600 is the Support. So I should SELL 7600PE. The Premium was at 110.
- Now I should find another CE strike whose value if added will make the overall Premium to 120+. So I chose 8000CE with premium of 14. The VIX was growing and so I choose the CE Strike with minimum premium.
- Ideally it would be good to SELL after a Rally or a DOWN Move expecting a Reversal.
- Ideally it would be good to SELL if the VOLT has gone UP and you expect the VOLT to come down after you SELL. On Friday the VOLT has gone UP by 10%.

Simply Put You can Take a Timeframe Say Hourly chart or Daily Chart and SELL the Strikes at the Resistance and Support.

For Example in the Hourly charts, The R2 is at 7912 and S2 is at 7603. So you can SELL any strike above 7912 and any strike below 7603. So you can sell 7600PE, 7500PE, 7550PE,,, and 7950CE, 8000CE etc...

If you take the Daily charts the S2 is at 7613, R2 at 8212. So you can sell say 7600PE-8200CE

 

[Rasendra]

Thanks lot for giving reply. I appreciate your selfless service to us.

 

[healthraj]

Today's HTF chart on EOD

HTF as on 04-AUG-14 EOD

7716 is TREND Decider to Go UP. Tomorrow 7716 will act as the Initial resistance. 7644/50 (LTF Pivot and HTF Minor Trend Pivot) should act as the Initial Support.

 

[healthraj]

Today's LTF

LTF as on 04-AUG-14 EOD

 

[ritesh.bafna88]

raj ji,

can you pls review the file on the below link and confirm if the calculation of standard deviation is correct. the data is of INFY Spot values the file is in excel format.

ht tp://www. 4shared .com/file/vbYhDAwDba/infy.html

thanks
Regards

 

[healthraj]

raj ji,

can you pls review the file on the below link and confirm if the calculation of standard deviation is correct. the data is of INFY Spot values the file is in excel format.

ht tp://www. 4shared .com/file/vbYhDAwDba/infy.html

thanks
Regards

You have not included today's values. Otherwise it is fine.

So G3 should be "=TREND(D$3 : D$82,A$3 : A$82, A3)". G4 to G82 should be modified accordingly.
Same for H column. Include today's values.

You should get the following values.

Pivot = 3283
R1=3419
R2=3515
S1= 3147
S2=3051

 

[healthraj]

For Those of who want to Take some positions before RBI Policy. Watch INFY and SBIN. These two stocks should give some indication.

SBIN is trading near the Support and INFY is trading near the RESISTANCE. So tomorrow INFY should start moving down and SBIN should start moving UP.

NIFTY should follow the SBIN Trend. INFY should trade against the NIFTY Trend.

SBIN Daily Futures Support @ 2394. If the support is held, it can goto 2950. 2416 is also the Minor Trendline support in Weekly Future charts.
Those who want to BUY 2600 Call @ current IV Can try putting Limit order @ 30

INFY Daily Futures RESISTANCE @ 3474/90 - Weekly Pivot @ 3528. Today the High was 3474.
Those who want to BUY 3400 Put @ current IV Can try putting Limit order @ 53

Daily Future Charts for INFY and SBIN

 

[vssoma]

You have not included today's values. Otherwise it is fine.

So G3 should be "=TREND(D$3 : D$82,A$3 : A$82, A3)". G4 to G82 should be modified accordingly.
Same for H column. Include today's values.

You should get the following values.

Pivot = 3283
R1=3419
R2=3515
S1= 3147
S2=3051

dear raj,
may be silly but i couldn't resist to ask..... if i want to calculate TREND for intraday, how many days data need to consider.... here in this file he is used more than 80 days data. so is this for intraday or what i really confused.
pls give me some explanation in your answer.

 

[ritesh.bafna88]

dear raj,
may be silly but i couldn't resist to ask..... if i want to calculate TREND for intraday, how many days data need to consider.... here in this file he is used more than 80 days data. so is this for intraday or what i really confused.
pls give me some explanation in your answer.

this was explained by raj in some old post.... i hope i remember correctly

For NIFTY

for intraday the higher time frame is kept constant at 60mins

and lower time frame is product of VOLT * HTF that is 15% of 60mins that comes to 9 min

the data in the reviewed sheet is for daily.

number of rows are to be kept same that is 80 for major trend

and for minor trend its roughly 25 rows


do correct me if i m wrong.


regards