Positional Trades by Raj

[healthraj]

Two days Left for Expiry. Trading opportunities

We have only two days Left for Expiry. Most of the Stocks are near the RESISTANCE area and so we should have a Lot of stocks to pick for Expiry Trading. Suggested stocks below have the max Range or Stocks with MAX Profit

BANKBARODA - Sell around 600 for Target of 580 - Close today at 596
RANBAXY - Sell around 400 for Target of 370.
YESBANK - Sell Around 400 for Target of 350
SBIN - Sell around 1800 For Target of 1650
HDFCBANK Sell below 680 for Target of 660
RELCAPITAL - Sell around 370 for target of 350
M@M - SELL below 900 for Target of 860
LT - SELL around 1000 for Target of 900
ULTRACEMCO - SELL around 2000 for Target of 1900
HDFC - Sell around 840 for Target of 800
INDUSINDBK - Sell around 440 for Target of 400

The above calls are purely based on the MAX Pain theory and so we are selling near the Resistance. So before taking the call please Verify the Support, Resistance and MAX Pain levels. Sell only near the Resistance. If you do not Get it near the Resistance better avoid the stock and take another stock

 

[anup]

I am planning to short nifty on rise tomorrow bcoz Max pain is still at 6100... Raj plz provide ur inputs

 

[appajib]

I am planning to short nifty on rise tomorrow bcoz Max pain is still at 6100... Raj plz provide ur inputs

Pls provide ur inputs on BANKNIFTY too.

Thanx & Regds

 

[healthraj]

I am planning to short nifty on rise tomorrow bcoz Max pain is still at 6100... Raj plz provide ur inputs

There will be definitely some fight for 6250. If NIFTY moves up 6250 , then it will make another 100 points. So watch 6250

 

[healthraj]

Pls provide ur inputs on BANKNIFTY too.

Thanx & Regds

BANKNIFTY could be the Surprise element for OCT-13 because the MAX OI of BANKNIFTY was changing by 1000 points and it was sometimes showing 11000 and 12000. So we cannot Rule out 12000. If not 12000, it could make at least another 250 points to 11500. But unlike NIFTY where the previous high of 6252 need to be watched, BANKNIFTY already has broken the Previous high of this month. But it would be better to watch if NIFTY is breaking 6250 and then Trade accordingly for BANKNIFTY also. But 11500 and/or 12000 is a possibility in BANKNIFTY.

One more way of looking at BANKNIFTY is to look at the compositions of BANKNIFTY and see what and how much would be moved.

AXISBANK - Already broken the Resistance and Trading without any boundaries. The Resistance is still unknown
BANKBARODA - Trading near the Resistance
BANKINDIA- Trading near the MAX Pain - 20 points (10%) move to Resistance might be pending
CANBK - Trading near the Resistance of 240. But today the MAX for CE and PE at 240 indicating that tomorrow 240 can break.
HDFCBANK- Trading above Resistance of 680
ICICIBANK - Broke the Resistance of 1040 and Trading above Resistance
INDUSINDBK - Trading near the Resistance of 440
KOTAKBANK - 25 points left to Test Resistance
PNB - Trading above Resistance of 500
SBIN - 55 points left to Test Resistance of 1800
UNIONBANK - Trading near Resistance of 120
YESBANK - 25 points left to Test Resistance of 400.

So if BANKNIFTY needs to move UP, the move needs to be contributed by BANKINDIA, CANBK, KOTAKBANK, SBIN and YESBANK. Most of the Stocks are trading above the Resistance. So I think we can max see 250 points more in BANKNIFTY and so 11500 could be the Resistance. For the Stocks which are Trading near the Resistance, the Resistance is broken then we can see 12000 also

 

[appajib]

BANKNIFTY could be the Surprise element for OCT-13 because the MAX OI of BANKNIFTY was changing by 1000 points and it was sometimes showing 11000 and 12000. So we cannot Rule out 12000. If not 12000, it could make at least another 250 points to 11500. But unlike NIFTY where the previous high of 6252 need to be watched, BANKNIFTY already has broken the Previous high of this month. But it would be better to watch if NIFTY is breaking 6250 and then Trade accordingly for BANKNIFTY also. But 11500 and/or 12000 is a possibility in BANKNIFTY.

One more way of looking at BANKNIFTY is to look at the compositions of BANKNIFTY and see what and how much would be moved.

AXISBANK - Already broken the Resistance and Trading without any boundaries. The Resistance is still unknown
BANKBARODA - Trading near the Resistance
BANKINDIA- Trading near the MAX Pain - 20 points (10%) move to Resistance might be pending
CANBK - Trading near the Resistance of 240. But today the MAX for CE and PE at 240 indicating that tomorrow 240 can break.
HDFCBANK- Trading above Resistance of 680
ICICIBANK - Broke the Resistance of 1040 and Trading above Resistance
INDUSINDBK - Trading near the Resistance of 440
KOTAKBANK - 25 points left to Test Resistance
PNB - Trading above Resistance of 500
SBIN - 55 points left to Test Resistance of 1800
UNIONBANK - Trading near Resistance of 120
YESBANK - 25 points left to Test Resistance of 400.

So if BANKNIFTY needs to move UP, the move needs to be contributed by BANKINDIA, CANBK, KOTAKBANK, SBIN and YESBANK. Most of the Stocks are trading above the Resistance. So I think we can max see 250 points more in BANKNIFTY and so 11500 could be the Resistance. For the Stocks which are Trading near the Resistance, the Resistance is broken then we can see 12000 also

Thanks Rajbhai excellent analysis..

 

[healthraj]

Two days Left for Expiry. Trading opportunities

We have only two days Left for Expiry. Most of the Stocks are near the RESISTANCE area and so we should have a Lot of stocks to pick for Expiry Trading. Suggested stocks below have the max Range or Stocks with MAX Profit

BANKBARODA - Sell around 600 for Target of 580 - Close today at 596
RANBAXY - Sell around 400 for Target of 370.
YESBANK - Sell Around 400 for Target of 350
SBIN - Sell around 1800 For Target of 1650
HDFCBANK Sell below 680 for Target of 660
RELCAPITAL - Sell around 370 for target of 350
M@M - SELL below 900 for Target of 860
LT - SELL around 1000 for Target of 900
ULTRACEMCO - SELL around 2000 for Target of 1900
HDFC - Sell around 840 for Target of 800
INDUSINDBK - Sell around 440 for Target of 400

The above calls are purely based on the MAX Pain theory and so we are selling near the Resistance. So before taking the call please Verify the Support, Resistance and MAX Pain levels. Sell only near the Resistance. If you do not Get it near the Resistance better avoid the stock and take another stock

BANKBARODA - Resistance changed to 620
RANBAXY - Preparing for Breakout/Breakdown at 380.
YESBANK - 400 not Reached
SBIN - MAX Pain changed from 1650 to 1700.
HDFCBANK - Did not move below 680 Yet
RELCAPITAL - 370 not Reached Yet
M@M - SELL below 900 for Target of 860
LT - 1000 Not Reached Yet
ULTRACEMCO - SELL Triggered at 2000 now Trading at 1965
HDFC - Resistance changed to 860
INDUSINDBK - Trading above 440. Sell should be Triggered below 440

 

[healthraj]

BANKNIFTY could be the Surprise element for OCT-13 because the MAX OI of BANKNIFTY was changing by 1000 points and it was sometimes showing 11000 and 12000. So we cannot Rule out 12000. If not 12000, it could make at least another 250 points to 11500. But unlike NIFTY where the previous high of 6252 need to be watched, BANKNIFTY already has broken the Previous high of this month. But it would be better to watch if NIFTY is breaking 6250 and then Trade accordingly for BANKNIFTY also. But 11500 and/or 12000 is a possibility in BANKNIFTY.

One more way of looking at BANKNIFTY is to look at the compositions of BANKNIFTY and see what and how much would be moved.

AXISBANK - Already broken the Resistance and Trading without any boundaries. The Resistance is still unknown
BANKBARODA - Trading near the Resistance
BANKINDIA- Trading near the MAX Pain - 20 points (10%) move to Resistance might be pending
CANBK - Trading near the Resistance of 240. But today the MAX for CE and PE at 240 indicating that tomorrow 240 can break.
HDFCBANK- Trading above Resistance of 680
ICICIBANK - Broke the Resistance of 1040 and Trading above Resistance
INDUSINDBK - Trading near the Resistance of 440
KOTAKBANK - 25 points left to Test Resistance
PNB - Trading above Resistance of 500
SBIN - 55 points left to Test Resistance of 1800
UNIONBANK - Trading near Resistance of 120
YESBANK - 25 points left to Test Resistance of 400.

So if BANKNIFTY needs to move UP, the move needs to be contributed by BANKINDIA, CANBK, KOTAKBANK, SBIN and YESBANK. Most of the Stocks are trading above the Resistance. So I think we can max see 250 points more in BANKNIFTY and so 11500 could be the Resistance. For the Stocks which are Trading near the Resistance, the Resistance is broken then we can see 12000 also

You might have noticed that for some of the Stocks which were already Trading near the Resistance Yesterday, The Resistance has changed to the UP side thus enabling BANKNIFTY to move UP further. So I think 11500 should be met to the minimum, if not more

 

[healthraj]

BANKBARODA - Resistance changed to 620
RANBAXY - Preparing for Breakout/Breakdown at 380.
YESBANK - 400 not Reached
SBIN - MAX Pain changed from 1650 to 1700.
HDFCBANK - Did not move below 680 Yet
RELCAPITAL - 370 not Reached Yet
M@M - SELL below 900 for Target of 860
LT - 1000 Not Reached Yet
ULTRACEMCO - SELL Triggered at 2000 now Trading at 1965
HDFC - Resistance changed to 860
INDUSINDBK - Trading above 440. Sell should be Triggered below 440

BANKBARODA - Target of 580 met
RANBAXY - Sell Triggered below 400
YESBANK - 400 not Reached
SBIN - MAX Pain changed from 1650 to 1700. Resistance was not Tested
HDFCBANK - Sell Triggered below 680
RELCAPITAL - 370 not Reached Yet
LT - 1000 Not Reached Yet
ULTRACEMCO - SELL Triggered at 2000. Made low 1960. Now trading at 1975
HDFC - Resistance changed to 860, but new Resistance was not Touched
INDUSINDBK - Sell Triggered below 440 and closed at 445

 

[bapu4]

Dear Raj ,
Andhra bank is an interesting case !! It has MAX OI and MAX CHG OI for CE and PE for OCT and NOV and MAX PAIN , all are at 55 !! I think andhra bank will fall to atleast 50rs !! Plz confirm if i am wrong in the interpretation !!

Second interesting thing about Ranbaxy is , -DMI has crossed over the +DMI and it has made a white candle from 363 to 399 !! This is totally against the lessons that are taught in TA (it should have made a red candle !! ) ! I invite interested members to comment on this along with u !!

God bless u !!
Rgds !!