NIFTY OPTION BUYING FOR 12TH OCTOBER
SAFE STRATEGY FOR NIFTY OPTION BUYERS
NIFTY SPOT CHART FOR 12TH OCTOBER 2023.
CALL BUYING STRIKE PRICE 19850 AND PUT BUYING STRIKE PRICE 19800
see the chart below for 19850
buying is 165 and high is 174. so approx 10 points.
in this case, let the premium cross 174 with good volume, or else dont enter the trade.in the volume chart there is no volume at all.
now in put chart for 19800 you can see
123 is low, so you can buy at 123 if there is volume for buying, here stop loss is 113. so if you enter here, you target can be 139, it reached till 152. but there was no volume so we exit fast, in option buying dont buy if there is not much scope of big target, or else if you enter the trade, exit fast, if volume is missing.
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.
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