NIFTY OPTION BUYING 18TH OCTOBER 2023

 NIFTY OPTION BUYING, VERY INTERESTING SETUP

HOW TO SELECT EXACT STRIKE PRICE TO BUY

18TH OCTOBER NIFTY SPOT CHART

SEE THE TRADING VIEW CHART

NOW 1ST CANDLE HIGH IS 19825 AND LOW IS 19778


SO HERE COMES CONFUSION WHICH STRIKE PRICE TO SELECT.

NOW 4 STRIKE PRICE COMES IN PLAY HERE.

FOR CALL 19800 AND 19850

FOR PUT    19800 AND 19750


SO IN SUCH CASES VOLUME PLAYS BIG ROLE AND 1ST 5 MIN CANDLE DISTANCE PLAY BIG ROLE. IN STRIKE PRICE CHART. YOU SHOULD GO WITH VOLUME, AND KEEP EYE ON SPOT CHART.


 NOW FIRST I WILL SHARE CALL STRIKE PRICE CHART

19800 CALL OPTION OCTOBER MONTH CHART

BUYING AT 107 AND STOP LOSS AT 97. BUT SEE THE VOLUME, THERE IS NO POSITIVE VOLUME FOR BUYING,  STILL IF YOU BUY 10 POINT STOP LOSS HIT. 

FOR 107 IF YOU BUY, IT WENT TILL 138, IF YOU ARE FAST SCALPER, YOU CAN PLAY, BUT I SUGGEST, DONT PRACTICE THAT, THIS WILL , THIS WILL DESTROY YOUR TRADING HABIT.  YOUR TRADING BEHAVIOR SHOULD BE VERY VERY SIMPLE AND NOT COMPLEX. BE SIMPLE, WAIT FOR PROPER SETUP AND THEN ENTER, IF THE MOVEMENT IS MISSED, DONT TRY TO CATCH THE RUNNING TRAIN, YOU WILL FALL HARD,IF YOU ARE WRONG.


NOW SEE 19850 CHART

THIS IS SLIGHT OTM 

HERE BUYING IS AT 82 AND STOP LOSS IS 72. IT WENT TILL 112 AND 102 WAS HIGH OF 1ST CANDLE, THAT GOT ACHIEVED. BUT VOLUME IS MISSING, SO YOU CAN BUY OTM STRIKE, BUT JUST THE VERY NEXT, NOT FAR OTM, THAT WILL NOT HELP. 

AND EXIT AT 1ST CANDEL HIGH, THE REASON BEHIND THIS IS VOLUME IS MISSING.



NOW YOU SEE PUT SIDE CHART, HERE THE DIFFERENCE WILL HELP YOU, WHEN COMPARED WITH CALL STRIKE CHART.

HERE YOU CAN SEE BUYING AT 111 AND STOP LOSS 100. NOW IT WENT DIRECTLY DOWN SO BUYING NEVER CAME BUT, IN VOLUME YOU CAN SEE, THE SPIKE CAME, HERE YOU CAN ENTER, WITH FIRST TARGET OF 134 AND THEN TRAIL YOUR STOP LOSS. IT WENT TILL 198. WAITING TILL THAT TIME NEEDS LOT OF EXPERIENCE AND GUTS. 


ALSO SEE OTM PUT STRIKE PRICE

19750 PUT STRIKE PRICE 18TH OCTOBER 2023

THE 1ST CAN IS VERY SMALL IN OTM, LOW IS 96 AND HIGH IS 103, ITS LIKE 10 POINTS. IN SUCH CASES I SAY, WAIT TILL HIGH IS BROKEN, BUT THERE SHOULD BE VOLUME. ONCE YOU GET THAT SETUP, TRAIL YOUR STOP LOSS AND MAKE MAX PROFIT. 

IT WENT TILL 162. 


NOW AGAIN SAME QUESTION ARISE, HOW TO CATCH SUCH MOVE, PATIENCE, MAKE YOUR STOP LOSS LESS AND WAIT TILL END, UNDERSTAND THE SETUP AND EXIT AS PER THAT. 


IN VOLUME CHART YOU CAN CLEARLY SEE, NO NEGATIVE VOLUME WITH BIG CANDLE CAME, SO THIS GIVE YOU CONFIDENCE TO BE IN TRADE AND NEXT IS YOUR STOP LOSS, THAT GIVE YOU CONFIDENCE, LET HE MARKET RISE OF FALL 500 POINTS AGAINST YOUR DIRECTION, BUT IF YOUR STOP LOSS IS 10 TO 30 POINTS, THEN IN NIFTY YOUR MAX LOSS IS NOT MORE THEN 1500. I MOSTLY SUGGEST KEEPING SL OF 10 TO 15 POINTS. 


YOUR ENTRY IS IMPORTANT, IF YOU ENTER AT VERY HIGH, THAT STOP LOSS GET HIT. SO ENTER AT PROPER TIME, IF YOU INTERNALLY FEE, ENTRY IS MISSED, DONT ENTER, LET THE TRADE GO ANYWHERE. NEXT TRADE WILL COME SOON, WAIT FOR PROPER SETUP.


PLEASE NOTE, BEFORE READING AND SEEING THIS STRATEGY, MAKE SURE THIS IS JUST FOR EDUCATION PURPOSE. I AM NOT SEBI REGISTERED. IT’S NOT CALL OR PUT BUYING ADVISE. 

I AM JUST SHARING MY VIEW. IF YOU LIKE IT. YOU CAN FOLLOW. PLEASE BACK TEST AND DO YOUR OWN RESEARCH, BEFORE ENTERING REAL TRADE. OPTION IS VERY RISKY, SO DON’T FOLLOW ANYONE, BLINDLY. DO FULL PRACTICE AND KEEP PROPER STOPLOSS AS PER YOUR RISK.


IF MY ARTICLE OF NIFTY OPTIONS CHART STUDY IS HELPING YOU, PLEASE COMMENT. THIS MOTIVATES ME. 

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