Nifty Open Interest Analysis

[sridhar]

Did 2 sets of trades today. My learnings:-
1. Bought 5600PE 50 each @ 69.55 & 68.35. Exited at 75.7 & 74.5. Total gross 8.92%.
need to work out some rules for trailing stop loss calculation as the some candle & next candle did go upto almost 80.

2. Based on a support level of 5600 NF again bought 5600PE [email protected]. Had to exit at 76.25. So gave up almost 50% of profits of previous trade. Mistake was that I did not wait for level to be breached on Candle Closing Basis. 5600 never got breached on closing basis on 5 & 15 min candles. So now this is a golden rule- wait for candle closing.

Looks like we are going to be stuck in a range of 5600 - 5700 for a day or two.

 

[boarders]

all indications are bearish from morning, contra trades may be risky, rather may buy pe on retracements

 

[sridhar]

all indications are bearish from morning, contra trades may be risky, rather may buy pe on retracements

Agree. The rate of change in CE & PE at the same strikes are not matched, even after considering differences in Delta.

 

[jamit_05]

5700 CE alone raised OI by 20 L plus. This reflects way too much confidence... NF is bound to fly to 5700 at least once to scare them off !!

Now NF looks all up, till Friday at least... !!

However, IF and only IF this happens... it will be an anti-trend move... so trade light... very light.

 

[jamit_05]

5600 PE still holding... very clear proof of strong support... upside is gonna be quick and strong... a big gap up is possible!!

 

[prabhsingh]

5600 PE still holding... very clear proof of strong support... upside is gonna be quick and strong... a big gap up is possible!!

Lucrative offer of buying 5700 CE.

 

[jamit_05]

Lucrative offer of buying 5700 CE.

More than that the intraday price action has bottomed out... unless something global happens price is set to go up a little...

 

[Option.Trader]

Lots of action today... forgot to post updates on our position set up.. .we lost out on 5600PE both on 20 pts stop loss being hit and OI falling more than 12%. But it still gave us enough opportunity to exit.. yesterday it closed at 47and today opened at 55

Personally .. did two trades..but this is again on the risky side... went with the trend... Sold 5600CE @98.6 in the morning and averaged again at 105...
Now at 69... Writing does provide complete points if played with trend.

Will post today's analysis in a couple of hours

 

[SexyTrader]

Though I got in 5300 PE at 9/- today for a sure TRIPLING, the 5700 CE does look like an INTRADAY play for tomorrow Coz I sense a 50-60 points gain from its current price.

5700 CE could touch 95-97 tomorrow or Monday!

 

[Option.Trader]

Though I got in 5300 PE at 9/- today for a sure TRIPLING, the 5700 CE does look like an INTRADAY play for tomorrow Coz I sense a 50-60 points gain from its current price.

5700 CE could touch 95-97 tomorrow or Monday!

Interesting... in Gambling there is something called as beginners luck... would love to see where your strategy takes you... We all have our instincts.. looks like you are acting on them and making some decent profits... but without a method to the madness very difficult to replicate and may not work for all