Nifty option buying 19th October 2023
NIFTY OPTION BUYING WITH STRATEGY
NIFTY CALL AND PUT OPTION BUYING.
NIFTY SPOT CHART 19TH OCTOBER
BUY CALL AT 19550 AND PUT AT 19550 BOTH STRIKE PRICE SAME.
BUT WE WILL ALSO SEE WHAT HAPPENS IF WE GO ONE STRIKE FAR FOR BOTH CALL AND PUT
CALL 19600 AND PUT 19500
NOW FIRST WE WILL SEE CALL STRIKE PRICE FOR BOTH 19550 AND 19600
CALL 19550 BUY AT 100 AND STOP LOSS 90
HERE BUYING NEVER CAME AT 100 AFTER 1ST CANDLE MISSED. IT CAME TILL 105, BUT AFTER THAT YOU CAN SEE VOLUME CAME AT THAT CANDLE WAS INDICATION TO BUY CALL. THAT CAN LOW WAS 116 AND HIGH WAS 130. SO IF YOU WAIT, BUYING CAME AT 116 LATER IN THE DAY, AND IT WENT TILL 179.
NOW SEE 19600 CALL STRIKE PRICE CHART
NOW IN THIS STRIKE PRICE BUYING WAS 88 STOP LOSS WAS 78 AND TARGET WAS 131. BUT IN THIS STRIKE PRICE THE VOLUME INDICATION WHICH CAME IN 19550 WAS NOT SEEN, IT WAS THERE BUT NOT TOO MUCH BIG. SO INSTEAD OF BUYING OTM, IF YOU BUY ATM STRIKE PRICE ITS GOOD. AND ONCE YOU GET INDICATION FROM VOLUME, WAIT FOR THAT LOW TO COME, INSTEAD OF DIRECTLY BUYING.
NOW SEE PUT OPTION STRIKE PRICE FOR YOUR COMPARISON
PUT OPTION 19550 STRIKE PRICE
BUY AT 90 STOP LOSS AT 80.
HERE YOU CAN SEE VOLUME NEVER CAME, LIKE IT CAME IN CALL SIDE.
NOW SEE 19500 PUT OPTION STRIKE PRICE CHART
BUY AT 84 STOP LOSS AT 74 AND SEE VOLUME, FIRST CANDLE VOLUME NEVER GOT CROSSED.
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