NIFTY Options Trading by RAJ

[healthraj]

The MAx pain as per the tool is still at 5500.. So Raj would you advocate that nifty would gravitate towards 5500 by this expiry? We could put this to test with 5500 CE premium itself acting as a stop loss... what say? or is there any flaw in this argument?

Yes 5380 should act as the support. So we can buy near 5380. Market already made one low of 5383. so buy near 5380. Buy only when the UP trend is confirmed. Right now 5400 CEs are Short heavily (10L Positions). But as I have been telling in the end of the positions could actually indicate squaring off also (Meaning Long positions). But better to wait and see the pullback and then Go Long. The OAT tool shows the Top as 5435 and bottom as 5301, which could also happen.

Wait for a Pullback near 5430. Go Short once again for 50 points. If you want to play for the MAX Pain I think it would be better to play during the end of the day depending on the Trend. Right now the Trend is Down

The BANKNIFTY Max Pain has shifted to 9300 from 9500

@9:50 : BANKNIFTY MAX Pain changed to 9200

 

[prabhsingh]

Yes 5380 should act as the support. So we can buy near 5380. Market already made one low of 5383. so buy near 5380. Buy only when the UP trend is confirmed. Right now 5400 CEs are Short heavily (10L Positions). But as I have been telling in the end of the positions could actually indicate squaring off also (Meaning Long positions). But better to wait and see the pullback and then Go Long. The OAT tool shows the Top as 5435 and bottom as 5301, which could also happen.

Go with long term trend which is down rather then short term pull backs.Try to going Short near 5421-5440 levels.

 

[healthraj]

The Next support / Resistance is at 5330 - You can see that as the Pivot in OAT. So hold your Shorts till 5330 Levels

 

[healthraj]

The 250 point reversal at 5525 has given 200 points so far. Enjoy those who traded the Reversal at 5525.

There is only one day for Expiry. The MAX Pain is still at 5500 but I hope the market will expire around 5400. We can play the 250 points Reversal once again if the NIFTY reverse around 5270. So let us wait for the Trend Reversal and Buy 5400 CE, Which we should be getting by EOD today.

 

[healthraj]

The Next support / Resistance is at 5330 - You can see that as the Pivot in OAT. So hold your Shorts till 5330 Levels

5330 is broken. Next Resistance/support at 5270. In the OAT you can see the Pivot changed from 5330 to 5285

BANKNIFTY Pivot at 9000. So you can expect a Bounce back in BANKNIFTY

 

[healthraj]

The PUTs are loosing the Premium FAST, which might be a sign of a Reversal. So better to close the Shorts before Europe opening. Europe is in Mild red which will help the BULLs

Those Who believe that the NIFTY will expire above 5300 can buy the 5400CE at around 15-18 for Targets of 25+

 

[Option.Trader]

The PUTs are loosing the Premium FAST, which might be a sign of a Reversal. So better to close the Shorts before Europe opening. Europe is in Mild red which will help the BULLs

Those Who believe that the NIFTY will expire above 5300 can buy the 5400CE at around 15-18 for Targets of 25+

Looks like a good call

 

[prabhsingh]

5270 seems to be on the card very soon.

 

[prabhsingh]

Guys,

Dont try to do bottom-fishing this market because there seems to be lot of pain still let in the market.Dont think that market has fallen enough and now will start rising.This is not going to be true because according to Elliot Wave,this is what i said earlier,we are going to go see much more bottom levels.Hence,if you are an investor (2-3) yrs buy quality stocks in small chunk and if you are a trader consider going Short on every rise.

 

[whisky]

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