Vrajesh shah
View Profile

Nifty Darling : Expiry View

Vrajesh Shah at 03:47 PM - Jun 21, 2015 ( ) Views: 1,139

3

In earlier post very boldly and loudly updated that any close above 8066 may lead to relief rally up to 8192 levels and the darling did all the TGTs on the upper side. During last session the darling witnessed gap up opening above its 20 DMA and managed to hold it on a closing basis which is a positive signal for the bulls at least for the short term. On a daily chart other Technical Indicators too have turned a quite bullish suggesting the short term uptrend. On a weekly chart the darling formed a strong Bullish Engulfing pattern. However it failed to capture its 50 WMA on a closing basis. On a weekly chart the Technical Indicators are still on a bearish zone.

As per Options Chain huge OI has been built up at 8400 & 8500 CE Strikes. At 8300 CE Strike total OI is 44.86 lac whereas OI at 8300 PE Strike is 18.24 lac. Heavy addition was seen at 8200 PE Strike whereas liquidation was witnessed at 8200 CE Strike. 8000 & 8100 PE Strikes have heavy OI. VIX closed down by almost 6%.

So at this juncture it seems that Nifty darling would now be entering multiple resistance zone. 8330-8340 zone may act as very stiff resistance on the upper side. On the downside 8160 may act as very strong support zone for the darling. Since we would be trading in expiry week expect Nifty darling to trade in the broader range of 8130-8330 with highly stock specific actions.

In light of the above view Traders can try Short Strangle Options Strategy.



 


(1 to 5 out of 5) - Latest Replies on Top | First | << Previous | Next >> | Last |
Ajay Singhi at 08:35 AM - Jun 22, 2015 ( )

Pawanji,

 

Expiry will either be around 8100 or 8050.

Pawan Tayal at 09:16 PM - Jun 21, 2015 ( )

JULY 8000 PUT IS TRADING AT 70

Pawan Tayal at 08:32 PM - Jun 21, 2015 ( )

now we can check data of call put option of last 3 uear in nse web sight

history saying that from last 10 onth 8000 put option is giving profit to option writer

it is my personal view in next 12 month also finally 8000 put option writer will be plus side in short tern nifty can slide upto 7500-7450 final stage of nifty in 2016 march is above 8000

so every month 8000 put option writting is good bet

margin for 100 option around 640 per nifty

maximum risk plus mtm upto 7500 nifty is 460

it means on inveastment of 1000 per nifty we are getting around 50-60 per month

return of 5-6%pm

Pawan Tayal at 08:27 PM - Jun 21, 2015 ( )

nifty call put giving indication expiry around 8300

Ajay Singhi at 05:33 PM - Jun 21, 2015 ( )

Simply brilliant ! It matches with my anticipated wavecounts.

1 to 5 out of 5

Login to participate in discussion.



Top Gainers

QUICK HEAL TECH LTD 139.40 19.35 (16.12%)
ADVANI HOT.& RES.(I) LTD 61.45 7.35 (13.59%)
SHRIRAM EPC LTD. 13.30 1.25 (10.37%)
CUBEX TUBINGS LTD 11.80 1.05 (9.77%)
NAGREEKA CAP & INFR.LTD 11.25 1.00 (9.76%)
GUJ. APOLLO IND. LTD. 159.65 14.15 (9.73%)
MUKTA ARTS LIMITED 40.30 3.50 (9.51%)
STERLING TOOLS LIMITED 164.80 13.85 (9.18%)
HIND RECTIFIER LIMITED 148.00 12.25 (9.02%)
BPL LTD 21.75 1.75 (8.75%)



Top Losers

THE STATE TRADING CORPN 94.75 -12.65 (-11.78%)
INDIA TOUR. DEV. CO. LTD. 225.60 -24.40 (-9.76%)
ZODIAC JRD-MKJ LTD 32.65 -3.50 (-9.68%)
GLOBAL OFFSHORE SERV LTD 8.40 -0.85 (-9.19%)
MUTHOOT CAP SERV LTD 501.55 -47.80 (-8.70%)
TVS ELECTRONICS LTD 149.00 -11.45 (-7.14%)
CREST VENTURES LIMITED 99.60 -7.30 (-6.83%)
NITCO LIMITED 27.60 -1.95 (-6.60%)
ENERGY DEVE. CO.LTD 7.35 -0.50 (-6.37%)
BALMER LAWRIE & CO LTD 168.50 -11.45 (-6.36%)