RAJ NIFTY Trading - Entry Exit based on Daily, Higer and Lower timeframe

[Option.Trader]

but according to healthraj sir update as per lower time frame buying opportunity and the tgt is today's high then how can hold the shorts

It depends on which timeframe you are comfortable with. I was only suggesting the levels to book profits for people who have shorted

 

[healthraj]

means now we have to buy nifty

The LTF changes the trend quickly. So yes it was a BUY around 6177-6180 but now it is a SELL again at 6192. Since the SELL was taken around 6215, it was better to book profit at 6180-6185 and hold the SELL positions with a STOPLOSS rather than going LONG

 

[Option.Trader]

The LTF changes the trend quickly. So yes it was a BUY around 6177-6180 but now it is a SELL again at 6192. Since the SELL was taken around 6215, it was better to book profit at 6180-6185 and hold the SELL positions with a STOPLOSS rather than going LONG

Any idea where the Max pain is now?

 

[a1b1trader]

Any idea where the Max pain is now?

6150
As per chart posted at 1.35 in a thread

 

[Option.Trader]

For all those who have shorted futures- 6195, 6202, 6211 are the resistances to look out for intraday. Play as per your shorted levels to book profits

Hope people were able to book profits on their shorts, 6211 is the last resistance for today. Thanks to Raj, shorts from 6202 to 6185 and then longs from 6188

 

[Option.Trader]

6150
As per chart posted at 1.35 in a thread

So if I were to play for Max pain, I would buy 6200 pe at 14-16 with stop loss at low of day

 

[healthraj]

So if I were to play for Max pain, I would buy 6200 pe at 14-16 with stop loss at low of day

I think this is a good Trade in FEB-14 Series purely going by MAX Pain @ 6150.
However have the Stoploss as 6230 - New resistance in HTF.

I think the Expiry could be around 6190, because that is where the Pivot lies in LTF and HTF in charts.

So one should be quick in booking the profits around 6160-6175.

 

[Option.Trader]

I think this is a good Trade in FEB-14 Series purely going by MAX Pain @ 6150.
However have the Stoploss as 6230 - New resistance in HTF.

I think the Expiry could be around 6190, because that is where the Pivot lies in LTF and HTF in charts.

So one should be quick in booking the profits around 6160-6175.

Sounds good, just have one doubt, if nifty does touch 6230 during opening, then not sure if I'll be able to salvage situation

 

[healthraj]

Sounds good, just have one doubt, if nifty does touch 6230 during opening, then not sure if I'll be able to salvage situation

In the Daily charts the Resistance has moved from 6217 to 6260. The MAR-14 OI also indicates a range of 6000-6300.

But for FEB-14 Series I hope 6220 (6217) is the Top and accordingly 30 points from there would be 6190 which would act as the pivot (Expiry) and 30 points below 6190 would be 6160 which could be Freak LOW (could be Tested tomorrow. ). The LTF and HTF charts are also in line with the levels mentioned above

 

[Option.Trader]

In the Daily charts the Resistance has moved from 6217 to 6260. The MAR-14 OI also indicates a range of 6000-6300.

But for FEB-14 Series I hope 6220 (6217) is the Top and accordingly 30 points from there would be 6190 which would act as the pivot (Expiry) and 30 points below 6190 would be 6160 which could be Freak LOW (could be Tested tomorrow. ). The LTF and HTF charts are also in line with the levels mentioned above

Perfect, at least the trade taken looks to be ending on a positive note