NIFTY OPTION BUYING STRATEGY 16TH OCTOBER

 NIFTY OPTION BUYING

Here we are buying call or put for intraday, but our view is on monthly expiry. 

now here we will share nifty spot chart of 16th October for trading view.


we selected strike price as per first 5 min candle high and low.

call strike price 19750 and put strike price 19700


now see call strike price chart below

19750

here buying is at 112 and stop loss is 100. keep eye on volume, we need volume to enter in any trade, let it be call or put. positive buying volume is good indication to enter rade. 2nd candel itself gave good volume. 

because the 1st candel volume is still the big, we will enter the trade with proper caution, we entered at 120, with sl of 100 and in our mind we have target od 157. but we will exit at 150, if no big volume is seen.


exactly at 157 we saw volume but it was not very big. so we exit at 150. and now wait for another setup. if we get big volume bar and that was not seen at all, so no entry. approx 30 points we made in nifty its like 1500/-.



now see put strike price chart


here buying is at 124 and stop loss is 114.

but 1st volume candle is quite big and after that no buying is seen in volume. so no entry was made.


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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