NIFTY Options Trading by RAJ

[healthraj]

The BANKNIFTY MAX OI which was at 10000-11000 Yesterday has today changed to 10000-12000, With MAX Pain still at 10500. So the BANKNIFTY Stocks are consolidating to take BANKNIFTY to 12000. If MAX OI for BANKNIFTY sustains at 12000, then it might also help NIFTY to make more than 6300. So Watch the BANKNIFTY stocks closely. I think in this rally the PSU stocks like SBIN are participating.

So whenever a new RESISTANCE / MAX Pain is formed, the old RESISTANCE / MAX Pain is Tested. So right now BANKNIFTY 11000 is being Tested.

If 11000 sustains it would be a BUY for BANKNIFTY for Target of 12000.

With RBI Policy on the Last date of the Expiry, I am afraid this Rally might go till 30-OCT-13 and I don't know what will happen to BEARS. So those who want to Play SHORTs, Please confirm the Downside Trend and Take the Trade. I you want to Take Trades in Anticipation of a Down move, Pleas better to use the NOV-13 Series.

 

[anup0212]

The BANKNIFTY MAX OI which was at 10000-11000 Yesterday has today changed to 10000-12000, With MAX Pain still at 10500. So the BANKNIFTY Stocks are consolidating to take BANKNIFTY to 12000. If MAX OI for BANKNIFTY sustains at 12000, then it might also help NIFTY to make more than 6300. So Watch the BANKNIFTY stocks closely. I think in this rally the PSU stocks like SBIN are participating.

So whenever a new RESISTANCE / MAX Pain is formed, the old RESISTANCE / MAX Pain is Tested. So right now BANKNIFTY 11000 is being Tested.

If 11000 sustains it would be a BUY for BANKNIFTY for Target of 12000.

awesome Raj!...seems bull have some more ride to 6300 which I also feel will come.

 

[healthraj]

With the NIFTY Correcting the entire UP move from this morning I think All the Stoploss on Longs would have been Triggered. And I am still waiting for the market to touch 6300. Trading is NOT EASY :thumb:

 

[aimnifty]

The BANKNIFTY MAX OI which was at 10000-11000 Yesterday has today changed to 10000-12000, With MAX Pain still at 10500. So the BANKNIFTY Stocks are consolidating to take BANKNIFTY to 12000. If MAX OI for BANKNIFTY sustains at 12000, then it might also help NIFTY to make more than 6300. So Watch the BANKNIFTY stocks closely. I think in this rally the PSU stocks like SBIN are participating.

So whenever a new RESISTANCE / MAX Pain is formed, the old RESISTANCE / MAX Pain is Tested. So right now BANKNIFTY 11000 is being Tested.

If 11000 sustains it would be a BUY for BANKNIFTY for Target of 12000.

With RBI Policy on the Last date of the Expiry, I am afraid this Rally might go till 30-OCT-13 and I don't know what will happen to BEARS. So those who want to Play SHORTs, Please confirm the Downside Trend and Take the Trade. I you want to Take Trades in Anticipation of a Down move, Pleas better to use the NOV-13 Series.

RBI policy is on 29th October 2013. Where did you find 31st as policy date. Is there any such press release. OR you are refering to FED policy meet of 29-30.

 

[healthraj]

RBI policy is on 29th October 2013. Where did you find 31st as policy date. Is there any such press release. OR you are refering to FED policy meet of 29-30.

Thanks. I thought it was on 31-OCT-13. Then it is a Superb Setup... The Market Can Rally till Monday 28-OCT-13. And Probably if BANKNIFTY is Trading at 12000 on the RBI Policy day, then it should be a DOWN Move.

 

[prabhsingh]

Go Long on TCS.Buy 2100 NOV CE a 39 target of atleast 80.

 

[ss16021981]

sir only one query from 12 O CLOCK
TATASTEEL intraday max@ 340call & 335put but tatasteel is trading below 335 can u explain

 

[healthraj]

In this Series TATASTEEL has not Tested the RESISTANCE of 350. So if you want to Go Short for Target of 320 then Short around 350

sir only one query from 12 O CLOCK
TATASTEEL intraday max@ 340call & 335put but tatasteel is trading below 335 can u explain

As you see, Yesterday the MAX OI CE for TATASTEEL was at 350. today the RESISTANCE changed to 340 and So below 340 it is a SELL for minimum target of 320 (MAX PAIN).

Actually Yesterday Prabhsingh suggested to SELL TATASTEEL and at that time the RESISTANCE was at 350.

 

[healthraj]

Go Long on TCS.Buy 2100 NOV CE a 39 target of atleast 80.

I think it is a Good Call.

TCS Trading at 2000 which is also the Support (MAX OI @ PE)
MAX PAIN at 2100. So definitely we can expect a bounce back to 2100.

Risky Traders can also Try OCT-13 2100CE @ 8

 

[BabaMagic]

Dear Raj Sir,

I have been a silent follower of this thread since July'13 & have been making consistent profits in options using your excellent OAT tools. Thanks a ton!

MY TREND ANALYSIS:
Today's roller coaster movement in Nifty has confirmed a change in trend from BULLISH to BEARISH with the top being made at 6252.45 & 6267.75 in Nifty Spot & Futures respectively. So i don't expect Nifty to make new highs until the start of the new bull trend (Possibly after December 8th state election results).

My Trend Change Analyzer is a combination of (Daily Nifty Breakout, Breakdown levels + MACD + RSI) & has so far given 100% accuracy in the last 5 months on my OTM(One trade per month) in Nifty futures with a profit of 300-450 points a month from the trend change dates.

I expect CNX IT to fall sharply from tomorrow & the bank nifty from the 29th.

Disclosures:-
1. Shorted Nifty Futures today NOV-Series at 6260(Trend Change Point). TGT : 450 Points from the sell price.
2. Shorted CNX IT Futures today OCT-Series at 8850. TGT : 350 Points from the sell price.

Just thought of sharing this with you so that you can start making money at the earliest.

Happy Trading!

Thanks Always