iCharts Discussions

[yashrahul]

Options data is very interesting today..markets closing above 6050 today seems unlikely today...6000 or below depends...yet to see huge accumulation at 6000 call which will confirm 6000 is coming..the picture will be clearer and clearer as the day progresses...

I might be totally wrong...options data is vague please don't take market positions today based on this

[yashrahul]

looking back at this series i can say that as mentioned on "22 nd January post"-the puts rocketed amazingly...hard to imagine that we were above 6300 and 6300 put was available at 25-30 rs...just in a matter of 1 week we are at 6050 and that 6300 put might be at 250 rs...

Some had said that it is impossible...i write it again ..."nothing is impossible in the markets"...u have seen it now and u will see it again and again...sometimes on the short side and sometimes on the long side...

[yashrahul]

Note:markets are preparing for a big fall ahead is all i can say now......options data changes rapidly but still one can comfortably be short with a stop loss of 6150NS or to be on the safer side 6200 NS...market has all the makings of a big fall and options data points to it...my expectations for this month are close to 5800 on the nifty or even more and options data today shows that many others have similar views...atleast for now ....

i might be wrong...follow strict stoplosses

[amitagg]

Good work.

Just checking some broad views on rationale for "big fall" as coming from data (other than tv anchors etc....and logic considering market conditions including intermarket analysis)

[amitagg]

[yashrahul]

[amitagg]

Hi I am no TA epert but in the thick of things for technically and practically for years....so I understand not to give overweight opinion to my opinion...posted my views few months back of market in my thread....much before that breakout shall be up...now that 5973 is logical target but multi support...

If I recall right also posted that someone senior in EW predicting "tops" and "bottoms" "accurately" whoc again mentioned that Jan and Feb can be down months....so was looking for a wave down since 6200 (few weeks back)...not now....and this also coming true ...and rebound to 6500+ (infact 6700+ by augsep 14)...explanation is based on EW counts since 1937 etc...some are looking this as ending diagonal (even some very leading "only tAs)...that's beauty of market...very very senior TAs differ...but market is same...that's why it was said 5200 was bottom for years....5550 level is extreme support area..logically was not ruling out 5700 since EW counts of 6700+ and 7800+ would not fail is market at 5500 odd...logically considering time factor (feb downfall..may be mid march) was looking at 5800 max...since a rebound for few weeks shall come at 5950....so also final nail in coffin of bears shallk be build below 6000 / 5950 when hell breaks /panic strikes....time factor some are seeing sideways run till 2015...different views....so its trade that matter (and have learned that in practice which is also working for me) not views...(Since I am not expert in trding options)..hence....never mind where market moves (because yet to learn the big profit set up thru options on consistent basis)...have found merit in "selling" options on munerous occasios which worked 90 percent of the time if not more...though limitation is margin requirement...pls throw some light on your parameters...
Thanks

[yashrahul]

[turtlecsi]

[yashrahul]

[yoginishreyas]

Hello yashrahul,

Is their chances of reversal in NF in this week since Nifty has almost lost more than 200 points last week, Should I book my profits here and wait for upper levels.

Thanks
Shreyas

[yashrahul]

[Rebel]

hi all,
when call oi increases then buy puts,when put oi increases then buy calls.

i will share only my practical exp which is i learn frm mkt n i got 80%+ good result for me

option trading one of huge risky segment and

1000's time normal trder got loss in option trding

can say its slow poison for ur a/c

first thing we will share + points in option trading

• trader can make good % wise return in option trading if they enter with right timing & mkt trend
• possibility of money can double in single series
• if u r BUYing option first thing u should know ....index/stocks spot price sup/r
• mkt simple rule know every trder BUY @ sup/ SELL @ res
• if mkt trend is down side obvious BUYer will think about put option so thn u shud wait first price shud b near res point
• thn u can BUY ur put
• if u doing only day option trading ur strike price shud b near

• if u miss right time entry so forget
• dont run behind the mind of the market

• if u think for positional option trading
• dont hold any option more thn 2 days wteevr u get loss or profit
• its v simple rules may b u did nt read anywhere in any option theories
• now come at open interest
• 90%+ mkt run against open intrest 15-17 days out of 20 days series
• so pls understd closly this point
• see exmple ...who r SELLing option for u ?
• obvious xchnge/dii/fii/hni
• think for ur profit
• example am SELLer u trder r BUYer
• obvious i will SELL my item in high price
• u r trder mind will say BUY at any price will SELL in high price
• but u cnt do tht
• dont hold any put/call morethn 2 days
• so dont use any emotions in trding
• always try to entr on time @ res/sup ( whet ever u folow moving avg or pivot point or etc etc
• pivot point & camarilla best tool for option trading entry
• so back to open intrest
• if put side oi rising =mean mkt will up
• if call side oi rising =mean mkt will down
• 90% 15-17days out of total 20 days wrk like this
• now matter how u will get put/call shorting or BUYing
• rght ?
• put oi also ws rise but less thn call oi
• so mkt ws slow down
• didnt panic
• some time oi rise or fall from opening
• some time oi chnge after 30-45 -60 min
• thts y experts say trding start after mkt setle min 30 min
• thn strt trde
• if call oi rising mean big plyrs SELLing call
• bigplayer /xchnges /fii dii/hni trders
• if they SELLing call mean mkt how come up ?

• so pls first chk proprly which oi rising in live mkt thn decide u shud BUYput or call

• if SELLing vol is high mean mkt can reverse
• if BUY vol is high mkt can down soon
• 3-4 point is v v imp ........oi risng or falling , dont hold more thn 2 days , always try to enter at res/sup only

• 1 more thing
• if u BUYing option so pls try in min 2 lot
• after chk proper oi
• if u getting profit in day in option trding & mkt taking sup or doing consolidate in day u shud book ur 1 lot atleast
• in option trading keep ur profit focus on % wise
• supoe u BUY put or call @ 100 rs
• price move ur side till 110-15-20 mean u getting 10-20% profit
• u shud book
• bcs in 100 rs BUY ur invstment 10000 in 2 lot
• ur pice up 10-20% in day wtelse u wnt in day ???
• if oi reducing mean they r covering short ( or in simple sense BUYing )
• now come @ SELLing option
• yh i1 more point
• if u going to BUY call or put pls try to enter near strike price
• mkt min take 3 to 7 days time consolidation for u turn
• 1 more thing keep in mind mkt give only few mins in day for perfct entry

all the best.

[yoginishreyas]

[yashrahul]

Note:We have started seeing what we had seen when taper was announced... options data has some similarities...on friday i had said to short the nifty and keep a stop loss at above 6150NS on a closing basis looking at the oi of 6000 put and i had mentioned that as per my analysis 6000 put is bought and not written...today the picture is more bad for bulls...6000 put has added more than 20 lakhs in oi and today again it seems like genuine buying and not writing ...as was visible during those days same pattern is getting repeated..not only is 6000 put bought heavily but so is the 6100 call sold that too heavily...it is butchering of the bulls as per today's options data...some crucial supports like 200 DMA are fast approaching..will they hold...i really doubt they will...but in the markets one should never say never..tomorrow might turn about to be a sunny day for the bulls..after a continuous fall of more than 300 points on the nifty in the past 15 days...my target of 5800 or below still holds(i might be wrong follow strict stoplosses)...Bears are back in full on mode and it is unlikely that they are thinking about stopping soon..but who can say for sure...can we?