NIFTY Options Trading by RAJ

[healthraj]

Dear raj...Please look vola chart....now red line crossed....please give insights

When the Trend was showing as a STRONG BULL, the trendlines crossed at 5700 indicating an UPward movement. But now it has become a WEAK BULL.

Those who follow FIBO Levels,

Buy above 5637 with Stoploss as 5615, for Targets of 5549 and 5571. The levels are for Futures

 

[healthraj]

Options Analysis 07-Aug-2013

Some quick 75 points made by BEARS in the morning.

Yesterday the MAX OI changed from 5600-6000 to 5400-6000. So market might go further down. But for today we might see some pull back. Yesterday's closing 5546 might as the new resistance. So Go Long above 5546.

When I was typing this post the trend has become a WEAK BULL from STRONG BULL and so better to be cautious on LONGS.

The data is there in the tool for you to see...

A new Positional pivot is formed at 5700. Previously when the MAX OI was 5600-6000, it was at 5850. So NIFTY want to Test 5700 at least.

At 5300, 5400 it is BULLs. But at 5500 it is advantage BEARS for the moment because 5500CE @ 3.8L and 5500PE@ 2.8L - Margin of 1L. So If this does not improve then there is no advantage for BULLs.

 

[Gandhar.]

When the Trend was showing as a STRONG BULL, the trendlines crossed at 570o indicating an UPward movement. But now it has become a WEAK BULL.

Those who follow FIBO Levels,

Buy above 3637 with Stoploss as 5615, for Targets of 5543, 5549 and 5571

is it 5637>?

 

[healthraj]

is it 5637>?

Yes it is 5637. You are very quick because I had already corrected

 

[healthraj]

When the Trend was showing as a STRONG BULL, the trendlines crossed at 5700 indicating an UPward movement. But now it has become a WEAK BULL.

Those who follow FIBO Levels,

Buy above 5637 with Stoploss as 5615, for Targets of 5549 and 5571. The levels are for Futures

So as per the Levels, Hope you bought at 5637 and booked profit at 5549.

 

[healthraj]

Options Analysis 07-Aug-2013

Some quick 75 points made by BEARS in the morning.

Yesterday the MAX OI changed from 5600-6000 to 5400-6000. So market might go further down. But for today we might see some pull back. Yesterday's closing 5546 might as the new resistance. So Go Long above 5546.

When I was typing this post the trend has become a WEAK BULL from STRONG BULL and so better to be cautious on LONGS.

The data is there in the tool for you to see...

A new Positional pivot is formed at 5700. Previously when the MAX OI was 5600-6000, it was at 5850. So NIFTY want to Test 5700 at least.

When the Trend was showing as a STRONG BULL, the trendlines crossed at 5700 indicating an UPward movement. But now it has become a WEAK BULL.

Those who follow FIBO Levels,

Buy above 5637 with Stoploss as 5615, for Targets of 5549 and 5571. The levels are for Futures

At 5300, 5400 it is BULLs. But at 5500 it is advantage BEARS for the moment because 5500CE @ 3.8L and 5500PE@ 2.8L - Margin of 1L. So If this does not improve then there is no advantage for BULLs.

The Trend is still indicating as a WEAK BULL. So Risky players should be happy with 30 points from 5537. NF now at 5563

So be quick to book profits.

 

[healthraj]

Please also observe the VOLT chart. It is dynamically giving the Trend of the market.... Right now it is definitely not indicating any Bullish pattern. Bulls made the second attempt to get their target of 5570 from 5515. So I am not sure if they succeeded. If they make third attempt and if they do not move NIFTY beyond 5570, then You can Try Shorting.

 

[healthraj]

Bulls are making their third Attempt now. Keep a close watch on the 5500 CE and PE. The 5500CE is more than the 5500PE now.

 

[jagankris]

The Trend is still indicating as a WEAK BULL. So Risky players should be happy with 30 points from 5537. NF now at 5563

So be quick to book profits.

Actually at the low it indicated strong bull that's the reason I was confused and I should have taken the trade then .

 

[whisky]

BankNifty is looking strong today & can pull Nifty Futr back to 5600