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

healthraj

healthraj

Well-Known Member
#51
#51
26-FEB-14 09:00 AM

LTF
BUY - 6196 Pivot - 6205 SELL - 6215

HTF
BUY - 6158 Pivot - 6193 SELL- 6228

Daily chart
BUY - 5891 Pivot - 6075 SELL - 6261

09:00 AM - Last Day of Expiry. Cannot expect any big movement. Yesterday EOD the MAX Pain has changed from 6150 to 6200, which is in line with my Expiry value of 6190. (Average of LTF Pivot and HTF Pivot).

Today I think it would be better to follow the LTF and so the First call should be to Buy Around 6196. If we get NIFTY around 6215-6228, then it would be a SELL.

Ultimately it seems to be a Narrow range and so it would be ideal to NOT do any trades today in FEB-13 Series and take the risk in MAR-13 Series
 
healthraj

healthraj

Well-Known Member
#52
#52
26-FEB-14 1:15 PM

LTF
BUY - 6219(6196) Pivot - 6224(6205) SELL - 6230(6215)

HTF
BUY - 6197(6158) Pivot - 6221(6193) SELL- 6245(6228)

Daily chart
BUY - 5915(5891) Pivot - 6112(6075) SELL - 6309(6261)

09:00 AM - Last Day of Expiry. Cannot expect any big movement. Yesterday EOD the MAX Pain has changed from 6150 to 6200, which is in line with my Expiry value of 6190. (Average of LTF Pivot and HTF Pivot).

Today I think it would be better to follow the LTF and so the First call should be to Buy Around 6196. If we get NIFTY around 6215-6228, then it would be a SELL.

Ultimately it seems to be a Narrow range and so it would be ideal to NOT do any trades today in FEB-13 Series and take the risk in MAR-13 Series

1:15 PM
The Buy Call in LTF has progressed in this morning. As told in the morning there is a SELL signal at 6228. But in HTF the Pivot has been going UP and nifty is trading along the Pivot path...

So it was better not to Trade....

In the Daily the Resistance has moved up t0 6309.
 
healthraj

healthraj

Well-Known Member
#54
#54
kbhavikatti1972 said:
Hi Raj,
how to get the optionchain analyzer spreadsheet content refreshed (i mean the entire sheet )?
Click to expand...
There is a button called Refresh, which you will have to Click on after choosing the correct Expiry month. Look for the Cells with Yellow lines where you need to update...

Hope you have done the other settings to enable macros etc.. See my other thread from where you downloaded for more details
 
healthraj

healthraj

Well-Known Member
#55
#55
26-FEB-14 CLOSE

LTF
BUY - 6234(6219) Pivot - 6239(6224) SELL - 6243(6230)

HTF
BUY - 6213(6197) Pivot - 6234(6221) SELL- 6255(6245)

Daily chart
BUY - 5915(5915) Pivot - 6114(6112) SELL - 6312(6309)

09:00 AM - Last Day of Expiry. Cannot expect any big movement. Yesterday EOD the MAX Pain has changed from 6150 to 6200, which is in line with my Expiry value of 6190. (Average of LTF Pivot and HTF Pivot).

Today I think it would be better to follow the LTF and so the First call should be to Buy Around 6196. If we get NIFTY around 6215-6228, then it would be a SELL.

Ultimately it seems to be a Narrow range and so it would be ideal to NOT do any trades today in FEB-13 Series and take the risk in MAR-13 Series

1:15 PM
The Buy Call in LTF has progressed in this morning. As told in the morning there is a SELL signal at 6228. But in HTF the Pivot has been going UP and nifty is trading along the Pivot path...

So it was better not to Trade....

In the Daily the Resistance has moved up t0 6309.

FEB-14 Close - MAX Pain did not work for this month. It was narrow range. As decided in the morning, it was better not to trade today
 
S

sekharjchandra

Well-Known Member
#56
#56
healthraj said:
26-FEB-14 CLOSE

LTF
BUY - 6234(6219) Pivot - 6239(6224) SELL - 6243(6230)

HTF
BUY - 6213(6197) Pivot - 6234(6221) SELL- 6255(6245)

Daily chart
BUY - 5915(5915) Pivot - 6114(6112) SELL - 6312(6309)

09:00 AM - Last Day of Expiry. Cannot expect any big movement. Yesterday EOD the MAX Pain has changed from 6150 to 6200, which is in line with my Expiry value of 6190. (Average of LTF Pivot and HTF Pivot).

Today I think it would be better to follow the LTF and so the First call should be to Buy Around 6196. If we get NIFTY around 6215-6228, then it would be a SELL.

Ultimately it seems to be a Narrow range and so it would be ideal to NOT do any trades today in FEB-13 Series and take the risk in MAR-13 Series

1:15 PM
The Buy Call in LTF has progressed in this morning. As told in the morning there is a SELL signal at 6228. But in HTF the Pivot has been going UP and nifty is trading along the Pivot path...

So it was better not to Trade....

In the Daily the Resistance has moved up t0 6309.

FEB-14 Close - MAX Pain did not work for this month. It was narrow range. As decided in the morning, it was better not to trade today
Click to expand...
Hi Raj, Max Pain worked as per Pratap's forecast. Please check below posts:

http://www.traderji.com/futures/91950-day-trading-futures-218.html#post938708

http://www.traderji.com/futures/91950-day-trading-futures-223.html#post938813
 
healthraj

healthraj

Well-Known Member
#57
#57
O

Option.Trader

Well-Known Member
#58
#58
healthraj said:
MAX Pain was at 6200. So accordingly it should have expired around 6200. But NIFTY expired around 6238, which is more close to 6250.
Click to expand...
Its got to do with Option Pain changing a level. I have to go back to my previous notes, but i remember when you were discussing max pain last year, when the Max Pain changes from a lower to higher level, then it tends to move 150 points from the previous max pain before reverting back.. if this is not true, we dont have a reliable way to deduce the validity of max pain
For the record, it has changed from 6100-6150-6200 in this series
 
healthraj

healthraj

Well-Known Member
#59
#59
Stocks to Watch for using the Same strategy I use for NIFTY

SELLing Opportunity in BHEL, BPCL, DRREDDY, GRASIM, ITC & WIPRO
BUYing Opportunity in NMDC, NTPC

Signals from Daily Trendline Charts & Hourly charts.

Please apply your own system before taking positions.

If I have to pick one for SELL and one for BUY then it would be BPCL and NTPC based on the High VOLT and High profit potential (Of course High risk is also involved due to High VOLT)
 
4

403.forbidden

Active Member
#60
#60
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