NIFTY Options Trading by RAJ

[rajesh_jadhav74]

Raj Sir thanks for sharing good knowledge to the new comers.


Rajesh.

 

[BabaMagic]

Morning All,

Nifty Spot breakout levels for today.
Upper Breakout - 6173.10, TGT1 - 6193.10, TGT2 - 6216.30, SL - 6123.70
Lower Breakout - 6120.40, TGT1 - 6100.50, TGT2 - 6077.60, SL - 6169.40

Chances of trend change very likely today.

Happy Trading!

 

[healthraj]

Options Update

As per OAT, 6200 is Bullish today and 6250, 6300 are Bearish.
So we might see 6250 and then it might Reverse from there.

As per the 60min chart also the RESISTANCE is at around 6250.

so if the Options data does not change at 11 AM, then today it might be Bullish till 6250

In the lower timeframe the RESISTANCE is at 6175.
At 11 AM, if you see a strong movement crossing 6175, You can GO Long for 6250. If there is no BO beyond 6175 then you can plan for 6070 or Lower. So either way 100 points today.

6175 also coincides with our Baba levels

But I am slightly bullish looking at the Options Data

 

[anup]

Options Update

As per OAT, 6200 is Bullish today and 6250, 6300 are Bearish.
So we might see 6250 and then it might Reverse from there.

As per the 60min chart also the RESISTANCE is at around 6250.

so if the Options data does not change at 11 AM, then today it might be Bullish till 6250

In the lower timeframe the RESISTANCE is at 6175.
At 11 AM, if you see a strong movement crossing 6175, You can GO Long for 6250. If there is no BO beyond 6175 then you can plan for 6070 or Lower. So either way 100 points today.

6175 also coincides with our Baba levels

But I am slightly bullish looking at the Options Data

Raj, Its a very tough day to predict..At 11Am the things changes with fractions of second all the data can go upisde down..

 

[healthraj]

SBIN Option Data.

SBIN normally reflects the BANKNIFTY outlook in such days. But SBIN Option indicates a Bearishness at the current Levels of 1750.

In a way it erases my bullishness in NIFTY and I want to Remain FLAT and wait for the Data at 11 AM and how the market will react.

 

[healthraj]

Raj, Its a very tough day to predict..At 11Am the things changes with fractions of second all the data can go upisde down..

Yes you are right...

 

[healthraj]

Today is the Day for BANKNIFTY and is now Trading at around 11250. So it should either goto 11000 or 11500 today

 

[singlap]

Upper break out seems to be there but considering the RBI policy event, its better to trade after the announcement even if break out is there.

 

[anup]

Upper break out seems to be there but considering the RBI policy event, its better to trade after the announcement even if break out is there.

It didnt sustain for 5 minutes also..Some rejection bars at 6170

 

[knarendra]

Options Update

As per OAT, 6200 is Bullish today and 6250, 6300 are Bearish.
So we might see 6250 and then it might Reverse from there.

As per the 60min chart also the RESISTANCE is at around 6250.

so if the Options data does not change at 11 AM, then today it might be Bullish till 6250

In the lower timeframe the RESISTANCE is at 6175.
At 11 AM, if you see a strong movement crossing 6175, You can GO Long for 6250. If there is no BO beyond 6175 then you can plan for 6070 or Lower. So either way 100 points today.

6175 also coincides with our Baba levels

But I am slightly bullish looking at the Options Data

6175 is NF or cash market?