Positional Trades by Raj
- Thread starter anup
- Start date
YESBANK
Tomorrow if the RBI Policy moves the BANKNIFTY upwards, then Try YESBANK for a Target of 400. Today it closed at 345. Resistance at 400, MAX Pain @ 340. Support at 300. Trade near 340
MCDOWELL-N
MCD is one more stock where the Resistance is not Tested in this month. Resistance at 2800. MAX Pain at 2600. Support at 2400. Today it was trading below MAX Pain. So if MCD moves above 2600, then buy for a Target of 2800 in this Series. On 24-Oct it made a high 2759 and came to 2546. Trade only above 2600.
Tomorrow if the RBI Policy moves the BANKNIFTY upwards, then Try YESBANK for a Target of 400. Today it closed at 345. Resistance at 400, MAX Pain @ 340. Support at 300. Trade near 340
MCDOWELL-N
MCD is one more stock where the Resistance is not Tested in this month. Resistance at 2800. MAX Pain at 2600. Support at 2400. Today it was trading below MAX Pain. So if MCD moves above 2600, then buy for a Target of 2800 in this Series. On 24-Oct it made a high 2759 and came to 2546. Trade only above 2600.
just a take from my side which i observed dont go for trades in MCD in expiry week its generally rangebound with 50-70 points as range this expiry can be different but just dont go for OTM options,, also we should look @ NOV options in expiry week its just the basing for the series and is generally taken advantages by the operators/option writers who know whats gonna take place.. by writing @ higher prices
There are different Expectations from different channels. But I normally follow the application from investing.com, where the Expectation is that the Interest Rate (Repo Rate) would be maintained as 7.5%.
From the cnbc polls, there is an Expectation of hiking Interest Rate to 7.75% and cutting MSF Rate .25%.
How would market React ?
If the actuals as per the market expectations then the reaction would be FLAT.
But if there is no Repo Rate Hike and MSF Rate Cut by .25 or .5% then market might react positively. It also depends on whether the Institutions are in a mood to Sell or to Buy.
But for SBIN, if it is positive then it might go to 1800 or if it is flat go to 1650.
From the cnbc polls, there is an Expectation of hiking Interest Rate to 7.75% and cutting MSF Rate .25%.
How would market React ?
If the actuals as per the market expectations then the reaction would be FLAT.
But if there is no Repo Rate Hike and MSF Rate Cut by .25 or .5% then market might react positively. It also depends on whether the Institutions are in a mood to Sell or to Buy.
But for SBIN, if it is positive then it might go to 1800 or if it is flat go to 1650.
You forgot to mention this, Sir
http://www.traderji.com/trading-diary/88670-nifty-options-trading-raj-252.html#post888346
http://www.traderji.com/trading-diary/88670-nifty-options-trading-raj-252.html#post888346
NIFTY Buy call @ MAX Pain 6100 - Closed at 6231 - 130 point
MARUTI - Closed at 1647 with 5%
Yesbank - YesBank Rocked with 8%
SBIN - Close to 6% - Around 100 points
RELCAPITAL - 6% or 24 points - Made exact low of MAX Pain 340. Today the MAX Pain. Today the MAX Pain shifted to 350.
The Strategy was simple to Buy around MAX Pain
MARUTI - Closed at 1647 with 5%
Yesbank - YesBank Rocked with 8%
SBIN - Close to 6% - Around 100 points
RELCAPITAL - 6% or 24 points - Made exact low of MAX Pain 340. Today the MAX Pain. Today the MAX Pain shifted to 350.
The Strategy was simple to Buy around MAX Pain
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