NIFTY Options Trading by RAJ

[Option.Trader]

Ideal to buy some 7950 puts at 31, 1 cr being written @8000 suggests Max level for this series , RR almost 1:3 again

 

[healthraj]

NIFTY Max Pain @ 7900 and BANKNIFTY MAX Pain @ 15600. So this might also be the last chance for the SELLers to close their positions. So watch 7900 and 15600 closely. If there is no BREAKDOWN at 7900 then NIFTY will go UP and Test 8040.

in the LTF and HTF BUY signal Triggered.

 

[Option.Trader]

Ideal to buy some 7950 puts at 31, 1 cr being written @8000 suggests Max level for this series , RR almost 1:3 again

Quick double done within a day, done with this. Don't think nifty will retouch highs in this series

 

[healthraj]

NIFTY Chart.

Today in the Weekly Chart the SELL was triggered and so I think there was a quick correction. But in the Daily chart the SELL is still not triggered. So hope 8050 Futures will be Tested.

Daily

Weekly

 

[healthraj]

BANKNIFTY charts

In BANKNIFTY both in Daily and Weekly SELL Triggered around the Channel resistance.

Daily

Weekly

 

[lamerider]

This is where i fail to understand....
COI @ PE 7900 > 7 lacs
COI @ PE 7950 > 7 lacs
COI @ CE 7800 < 3 lacs

Still market is flat!!

What should be understood by this?
Kindly suggest

 

[coolbull]

-----> Aug ----> Sep------> Oct

OI BULLISH BULLISH BEARISH
Vol Bearish St BULLISH Bearish

CHANGE OI /VOL

OI Bearish Bullish Bearish
Vol Bearish Bullish Bearish

Aug pair support resis : 7950 ce 7800pe max pain for again is 7900
SEP pair support resis : 7900 ce 7900pe max pain for again is 7800

------------------- Disclaimer -------------------------------------
OI and change is calculated using software, not from NSE data....it is taken as a generic not top 3 -5 or 10......if u take top 3 or 5 ...result would differ

 

[healthraj]

Market is FLAT since 7900 is a Strong support and MAX Pain or Pivot is at 7900.

The best strategy at this point is to SELL Pairs. Ultimately market might take a direction but may be after the expiry. At best you can get another 50 points UP and/or DOWN before this expiry.

Options in AUG-14 indicating Bearishness. But the Options in SEP-14 Series indicating Bullishness.

As per the Charts, in the hourly charts there is a U Turn at 7968. But in the Daily charts the Trend is still Bullish - No SELL Yet. So market being FLAT till Thursday will probably make it bearish.

Yesterday In Weekly charts there was a SELL. Today with a FLAT opening it is gone.

So in Summary SELL is generated only in Hourly chart Yesterday. Today there is a BUY below 7898. All the rest are indicating only a BUY. So it will take some time for NIFTY to become Bearish.

As per the Daily Future Charts, The resistance is at 8066. Pivot @ 7947 and Support @ 7828.

So the Levels to watch are 7950 SPOT and 7830 SPOT.
Range bound between 7830 and 7950
Below 7850 - Bearish Till 7600 and 7450 - As per Weekly chart
Above 7950 - Bullish till 8000 and 8150 - As per weekly chart.

 

[lemondew]

Raj,

Can you quote the likely range nifty would be around 22 - 25 september range.
a) if nifty goes up what range it would be
b) if nifty goes down what range it could
c) If it is flat what range it would be

Thanks

Market is FLAT since 7900 is a Strong support and MAX Pain or Pivot is at 7900.

The best strategy at this point is to SELL Pairs. Ultimately market might take a direction but may be after the expiry. At best you can get another 50 points UP and/or DOWN before this expiry.

Options in AUG-14 indicating Bearishness. But the Options in SEP-14 Series indicating Bullishness.

As per the Charts, in the hourly charts there is a U Turn at 7968. But in the Daily charts the Trend is still Bullish - No SELL Yet. So market being FLAT till Thursday will probably make it bearish.

Yesterday In Weekly charts there was a SELL. Today with a FLAT opening it is gone.

So in Summary SELL is generated only in Hourly chart Yesterday. Today there is a BUY below 7898. All the rest are indicating only a BUY. So it will take some time for NIFTY to become Bearish.

As per the Daily Future Charts, The resistance is at 8066. Pivot @ 7947 and Support @ 7828.

So the Levels to watch are 7950 SPOT and 7830 SPOT.
Range bound between 7830 and 7950
Below 7850 - Bearish Till 7600 and 7450 - As per Weekly chart
Above 7950 - Bullish till 8000 and 8150 - As per weekly chart.

 

[healthraj]

SBIN is looking Weak in all the charts. One might Get 2200 in SEP-14 - 300 points from the current levels.

U Turn in LTF
U Turn in HTF
SELL in Daily, with Channel support at 2435, if broken can goto 2300
U turn in Weekly charts with pivot at 2245 and Channel Support @ 2034
Monthly Charts - Made high in May @ 2833 and Generated SELL - This month Tested Pivot once again at 2589. Next target is the channel support @ 2200 and Support @ 2113.