NIFTY Options Trading by RAJ

How do you use OAT tool?

  • For Intraday Naked Options trading

    Votes: 58 37.7%
  • For Intraday Pair trading of Options

    Votes: 27 17.5%
  • For Intraday Futures trading

    Votes: 18 11.7%
  • For Positional Naked Options trading

    Votes: 35 22.7%
  • For Positional Pair trading of options

    Votes: 29 18.8%
  • For Positional Futures trading

    Votes: 11 7.1%
  • To trade in Cash market

    Votes: 13 8.4%
  • Overall trading has improved with OAT

    Votes: 27 17.5%
  • Understanding of Options has improved with OAT

    Votes: 57 37.0%

  • Total voters
    154
  • Poll closed .

mkbsiva

Well-Known Member
Let me try to explain the things with the help of charts.I am not that good in making charts but let me give a try.This is weekly chart.Please note this is very big picture that i have depicted here.



In this chart,you can see we have completed Big A wave followed by Wave B and now it seems Wave C is in progress which started from high of 6230.Now if this Wave C is true then according to Elliot most of the times Wave C tend to finish 1.0 Fibonnic projection of distance from Wave A to Wave B hence Wave C completion comes close to 4400 which also seems to be the level from where Wave A started hence Wave C has has to finish close to start of Wave A.

The yellow line projection that has been shown might not give exact those levels/points but it should come down in five waves which is the key point that i am trying to say here.

First projection that Big 3rd Wave is in progress will come when Nifty will break trendline which is connecting Wave2 and Wave4 as shown in picture.
Now how many days/months/year it will take is what GANN experts can tell.

prabhsingh....

Then what is the point of negation....i.e., till at what point this "ABC-Wave theory" holds true... what is the counter projection of the same...if negated?

also wave C goes up to 1.0 or 1.618 fibo of wave A.. just a small confusion...
 

Gaur_Krishna

Well-Known Member
Yes I have heard of many big traders operating from Indian & SGX simultaeously. Tricky ways to gap ups/downs.... :p

Regards,
Gaur_Krishna

I normally look at the moneycontrol site...
http://www.moneycontrol.com/markets/global-indices/

SGX NIFTY is NIFTY index listed in Singpore Stock Exchange. SGX NIFTY is also traded outside Indian market hours. So it can give an indication on our morning opening based on the US and other Global markets
 

prabhsingh

Well-Known Member
prabhsingh....

Then what is the point of negation....i.e., till at what point this "ABC-Wave theory" holds true... what is the counter projection of the same...if negated?

also wave C goes up to 1.0 or 1.618 fibo of wave A.. just a small confusion...
Wave C is always made up of 5 waves.We could anticipate its projection with more accuracy once Wave 4 gets completed and by looking at internal waves (Hourly,Daily) once Wave 5 starts which is far ahead.

As far as point of negation is concerned it will hold true once Nifty pass a reflex point on the way up which is 6093 levels.If that happens Wave B might take double ZigZag pattern which at this point seems to be unlikely.But its good to be prepared with all the conditions and trade accordingly.
 

healthraj

Well-Known Member
Options update at 11:30 AM

Since you folks have now access to the Tool, I am not posting the levels here. Just for the benefit of the others, I will just post occasionally.

Options Data indicate a Weak Bull.

The Pivot of 5690 Spot was broken this morning in the morning. See the MTP tool for the levels. Fresh long can be taken at 5690 or above 5721 SPOT levels.

MAX OI at 5700-6000 -
MAX COI at 5400-6100 -

Intraday Pivot at 5741 - Already broken. So we can expect at least 5790 today. If 5690 SPOT is broken on the downside, then you can go SHORT.

The pair 5500-5900 Pair is trading at around 89-90.
 

VJAY

Well-Known Member
Dear Raj,
Thanks for your OI tool...am watching and following you to learn options :) am still unable to understand the entries though...Please explain it in your free time ..as what are we need to look for entry...as in tool entries are changing ...also want to know is projected levels are as per SPOT?
 

mangup

Well-Known Member
Hi HealthRaj,

From where we can find this 5690 level in excel file?
If we have gone short below 5690, what will be the SL?
 

healthraj

Well-Known Member
Use the Option Analysis tool to get the overall Direction of the market. As to whether it will go UP or DOWN. Use the MTP tool to get the exact levels. As the 30 min RENKO chart in MTP, the trend line is borken down at 5690. so you can expect 50 points i hope on the downside

Keep a close watch on 5694 SPOT. If it breaks UP, you can close the SHORTS. Otherwise Fresh shorts can be taken.

Less Risky can sell below 5669 SPOT, for twenty points till 5649 or further
 
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prabhsingh

Well-Known Member
Raj,

I can see formation of ending diagonal pattern in 15 min timeframe.If this is true Nifty can fall to 5632/5637 levels.Raj,does there exists any Pivot at these levels?
 

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