NIFTY OPTION BUYING FOR 23 OCTOBER

 BUYING NIFTY OPTION WITH STRATEGY.

 

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 STOP-LOSS AS PER YOUR RISK.


NOW SEE THE CHART BELOW


NOW IN THE CHART ABOVE YOU CAN SEE. ON FRIDAY 20TH OCTOBER 2023 THE MARKET WAS IN RANGE. NEXT DAY THE RANGE GAVE BREAK DOWN AND THAT WAS YOUR ENTRY POINT. ITS A 15 MIN CHART AND 9 DAY MOVING AVERAGE.


YOU CAN SEE 9 DAY MOVING AVERAGE LINE WAS PROPERLY RESPECTED. 


ITS ALWAYS GOOD TO WAIT, TILL YOU GET PROPER BREAKOUT. 

THIS WAS GOOD DAY FOR TRADING, BUT EVERYDAY IT WILL NOT BE VERY SIMPLE.


NOW SEE THE CHART OF STRIKE PRICE. IN THIS WE GO FOR ATM STRIKE PRICE AND THAT IS 


19550 PUT STRIKE PRICE 



Now in this chart of strike price 19550, you can see on chart you got indication at 10 and in strike price chart if you enter at 10, the price was 95. suppose you enter at 100.

now you got exit at 313. 

now if you exit at double, then also its good. on chart of nifty there was no exit at all.


while buying option its said, that its very risky, but if you wait for right time, you can catch big moves. make sure your stop loss is not very big. and in case if while buying, the stop loss is getting very big, then i suggest dont enter the trade. let the trade go. next trade will come.

if you buy at 95 or 100, keep stop loss at 80 or make be 70. max to max 50. but that is very risky. 

and make sure you trail your stop loss. once it goes up. 


but one more thing, if you want big profits, then dont trail your stop loss very near. keep bit away,  many a times it comes 30 to 40 percent down, then gives big movement.


one more thing, if you see very big candle at breakout in nifty chart, then wait, dont jump in that trade, 

in that trade, the actual move is mostly over. so break out candle, should be good thick, but not very big candle. 


if you liked it, please comment, and share your views, also if you have any such good setup. please share, we can work on that too.



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