NIFTY Options Trading by RAJ

[prabhsingh]

Would be going SHORT around SPOT 7776 levels.Will close the position in loss if it closes above 7780 levels.

 

[lamerider]

Would be going SHORT around SPOT 7776 levels.Will close the position in loss if it closes above 7780 levels.

You are really precise.. deciding in 4 points...

 

[santhosh2010]

Dear raj sir,

This thread beginning we take trades based on pure OI based analysis..But suddenly you jump to take trades based on support and resistance ...

see last 3 trading days market is bullish (as per your oi analysis),but your view and trades all are now against the OI logic...

suddenly i get some panic (about your view,short)...this is the time to realize the concept...

here just i update what i feel... TC...

 

[Option.Trader]

7750-7757 should act as support if upmove is intact...i would expect NIfty to touch 7842 before moving down or atleast 7800... but you never know

 

[lamerider]

COI data shift pointing a change in the overall sentiment now..

7800 PE is 8lacs, what does this suggest?

any suggestions..

 

[healthraj]

NIFTY Levels

Today NIFTY Futures touched the High that I was talking about Yesterday 7796 since the S1 was at 7766. The Stoploss I said could be at 7796 (7766+30). So the Rogue traders want everything and so they test 7796.

Today also NIFTY is indicating Bullishness and may be NIFTY will Test 7825 SPOT.

As I said my system does not work best when it is TRENDing. But I just want to stick to my system and follow the system.

Those of you who are following this thread, Please take it at your own risk. I am not perfect. I am also learning like each one of you.

Today as per options Chain data it is Bullish at 7750 and Bearish at 7800. Since as per the hourly charts it is trading near R2, I want to utilize the opportunity to SELL and not look to BUY.
So I have averaged my 7600 Puts and Bought 7500 Puts in SEP-14 Series also.

 

[prabhsingh]

NIFTY Levels

Today NIFTY Futures touched the High that I was talking about Yesterday 7796 since the S1 was at 7766. The Stoploss I said could be at 7796 (7766+30). So the Rogue traders want everything and so they test 7796.

Today also NIFTY is indicating Bullishness and may be NIFTY will Test 7825 SPOT.

As I said my system does not work best when it is TRENDing. But I just want to stick to my system and follow the system.

Those of you who are following this thread, Please take it at your own risk. I am not perfect. I am also learning like each one of you.

Today as per options Chain data it is Bullish at 7750 and Bearish at 7800. Since as per the hourly charts it is trading near R2, I want to utilize the opportunity to SELL and not look to BUY.
So I have averaged my 7600 Puts and Bought 7500 Puts in SEP-14 Series also.

Raj,

Dont you think you are buying too Out-Of-Money Puts?

 

[healthraj]

Dear raj sir,

This thread beginning we take trades based on pure OI based analysis..But suddenly you jump to take trades based on support and resistance ...

see last 3 trading days market is bullish (as per your oi analysis),but your view and trades all are now against the OI logic...

suddenly i get some panic (about your view,short)...this is the time to realize the concept...

here just i update what i feel... TC...

Santhosh,

You are right about the Options Chain. In the last 4 months, I follow both Options Chain and Price movement. As per charts NIFTY is trading near the R2. So when something is Trading near Resistance, I would utilize the opportunity to SELL and not BUY. Even today Options Data is indicating Bullishness. But I utilize the opportunity to SELL.

Do not get panic about it. When it works people don't talk about it. When it does not work, people get panic. When I asked to buy at 7540, people did not panic because it had worked. When I asked people to sell near 7848, people did not panic because it worked.

NIFTY has moved non stop from 7540 to 7777.

I don't want to Defend myself. This kind of things can occur to you also. So my simple answer is "I just follow my system and I don't let people influence me with their own ideas". I would request each one of you to do that.

I just want to put it philosophically in the lines of J Krishnamoorthy Says, "This is no magnificent deed, because I do not want followers, and I mean this. The moment you follow someone you cease to follow Truth. I am not concerned whether you pay attention to what I say or not. I want to do a certain thing in the world and I am going to do it with unwavering concentration. I am concerning myself with only one essential thing: to set man free. I desire to free him from all cages, from all fears, ... nor to establish new theories and new philosophies"

Or Like BruceLee Says "I’m not in this world to live up to your expectations and you’re not in this world to live up to mine. Always be yourself, express yourself, have faith in yourself, do not go out and look for a successful personality and duplicate it"

 

[Option.Trader]

There was a sudden spurt in buying at the end, ended up taking 7600 call @95 playing for fibo... Options indicated sustained selling of puts in end

Need to be careful for a break out

Magic number reached in 7600 pe. 7700 pe largest writing, should test high point in nifty

Raj, I think whatever option chain indicated, it lived upto, at least the rules you had formulated while working on option chain.the challenge is to keep it simple

 

[healthraj]

Raj, I think whatever option chain indicated, it lived upto, at least the rules you had formulated while working on option chain.the challenge is to keep it simple

So this sounds like I am being challenged by myself. I like the challenge.