1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures - Bac

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

INFY Results and the Options Update

Have been observing INFY for the past one week from OC (OptionsChain) perspective. The MAX OI was at 2400-2700 in the last week.

Today MAX OI has changed to 2200PE-2700CE
The MAX CHG in OI was in the range of 2200PE-2800CE.

We will also look the INFY options on tomorrow EOD to see if there are any opportunities for Pair trading.

For Positional traders, as of today, the Pivot is at 2450. So Go Long above 2450 and Sell below 2450.
Resistance @ 2703 and Support @ 2195

For INFY, the MAX CHG in OI at 2000PE-3000CE. This is an early indication of a Reversal or a move to 3000. We will monitor, the strikes and see If the CHG in OI is all over the places. 3000 cannot be target because the MAX OI still 2200PE-2700CE.

so I think it indicates a Reversal. So need to be cautious on LONGs.

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

The MAX CHG in OI back to 5800PE-6000CE Pair instead of 5800PE-5900CE and so as expected in the morning it should be a boring session. Until there is a fight at 5800PE-5900CE, we should not expect an UP Move. But since in the morning the positions were made at 5800-5900, we can assume that for the second part of the session would be an UP move. Let us see..

 

[dineshN]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

5800PE is strongly getting added. I think we should enter long when stocks are correcting and between 11:15 - 25!

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

The Fight between BULLs(5800PE) and BEARS (5900CE) has began. Let us see who wins. Right now it is in Favour of BULLs. Hope you have taken the LONGs at around 5865-5875 with Stoploss of 5848.

 

[dineshN]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

The concern is nifty has closed the opening gap and is now trading at lowest point of the day!

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

INFY Results and the Options Update

Have been observing INFY for the past one week from OC (OptionsChain) perspective. The MAX OI was at 2400-2700 in the last week.

Today MAX OI has changed to 2200PE-2700CE
The MAX CHG in OI was in the range of 2200PE-2800CE.

We will also look the INFY options on tomorrow EOD to see if there are any opportunities for Pair trading.

For Positional traders, as of today, the Pivot is at 2450. So Go Long above 2450 and Sell below 2450.
Resistance @ 2703 and Support @ 2195

One important correction. I have overlooked the INFY Results day. It is on Friday and not on Thursday. So we can have the NIFTY Pair trading open till Thursday.

INFY MAX CHG IN OI in the morning was at 2000-3000, now at 2000-2500. So as expected it is trading all over the places. So right now the best strategy would be to Sell the pair with MAX OI, which is selling 2200PE and 2700CE available at 109.2. It is still Risky because INFY always has the habit of breaking the Range on Results day.

It would be profitable if it does not break 2200 or 2700.

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

The Fight between BULLs(5800PE) and BEARS (5900CE) has began. Let us see who wins. Right now it is in Favour of BULLs. Hope you have taken the LONGs at around 5865-5875 with Stoploss of 5848.

MAX CHG in OI at 5800PE-5900CE.

5800PE @ 10L 5900CE @ 4.72L - Favouring BULLs

NIFTY Futures made low of 5857.6 and So our LONG at 5865 is still LIVE

Europe Futures are slightly in Red and so our Stoploss might be tested.

 

[dineshN]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

so far as you said rightly in the morning, very narrow range trading. Now only hope on 13:30 move if at all there is a long move for 30 odd points!
Long @ 5865 SL moved to cost!!

 

[Option.Trader]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

The only way to trade with naked positions is by being in the right direction for next days gap which has as much probability as lottery, this is a writers market

 

[Option.Trader]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

One important correction. I have overlooked the INFY Results day. It is on Friday and not on Thursday. So we can have the NIFTY Pair trading open till Thursday.

INFY MAX CHG IN OI in the morning was at 2000-3000, now at 2000-2500. So as expected it is trading all over the places. So right now the best strategy would be to Sell the pair with MAX OI, which is selling 2200PE and 2700CE available at 109.2. It is still Risky because INFY always has the habit of breaking the Range on Results day.

It would be profitable if it does not break 2200 or 2700.

Infy is a landmine to trade before results. Last time when there was exuberant buying , I took a short at 3:29 as it was at it's resistance and the rest was history. But it's not repeatable and ends up being beginner's luck. Limited profits go in favor of short strangle, but if it's shocker of a result you are doomed