2. Reliance (11%) Infy (7.5%) TCS (5%)& HDFC (5.80 %) are other major contributors, have all info about them to get an idea about Nifty's next move.
Top 51 Tips to do Option Buying in Nifty.
🧵
2. Reliance (11%) Infy (7.5%) TCS (5%)& HDFC (5.80 %) are other major contributors, have all info about them to get an idea about Nifty's next move.
4. While preparing for the next day in Nifty, look at the OI & PA data of these contributors & Nifty itself.
6. Always set daily maximum loss limit beforehand, depending on your account size.
8. The quantity you take in each trade will be decided After you decide the SL, not before.
10. If you can't find a small SL trade & you have to go with a large SL - decrease your quantity accordingly.
12. Never exceed your loss limit , both per trade & daily ones.
14. When the market is dull, esp. during mid-day hours, avoid option buying in Nifty.
16. Draw Support & Resistance lines on Major (1D & 60 Min) as well as trading (5-15 Min) TF.
17. The S/R levels which align with S/R from OI are more important.
19. Before initiating any trade, do check the charts & OI data of major constituents of Nifty as well as BNF.
21. Using TSL (trailing SL) will ensure you ride maximum of trend.
23. For trading Nifty in intraday 5 & 3 min TF works best.
25. Avoid getting caught in Breakout failures. The concept of "Testing" helps a lot with this.
27. Do not initiate any trade based on just News. Always wait for Data to confirm direction.
29. On Expiry Day, you'll get lots of good scalping opportunities, if you show enough patience.
31. Keep looking at unwinding & addition of OI at different levels to get an idea about direction.
33. While going for BTST, always study the data of nifty as well as it's constituents carefully.
35. Finnifty is affecting Nifty heavily on Tuesdays, so keep an eye on that too.
15 more super tips are remaining which I'll DM to you once you Retweet the First Tweet of this thread below..
https://t.co/cY7kcRk6yA
Plz note that....
Top 51 Tips to do Option Buying in Nifty.
— The Cnceptual Trader \U0001f1ee\U0001f1f3 (@CnceptualTrader) September 6, 2022
\U0001f9f5
@CnceptualTrader
to get the DM containing 15 more Super Tips & other interesting stuffs.
Thank you.
More from The Cnceptual Trader 🇮🇳
Here are 16 Free & powerful Scanners for Traders.
🧵
1. NR7 breakout scanner -
NR7 is a great concept using which you can identify the potential breakout candidates.
For details on NR& concept refer to this thread - https://t.co/EgC9h77bLl
Here's the scanner -
2. Volume & price shockers -
This scans the stocks that have seen a sudden rise in their volume by over 2x times the average volume of last 10 days and have gained or lost more than 5% today.
Great candidate for breakout /
3. 15 min breakouts -
These stocks have shown a rise in both prices as well as volume in the last 15 min. High chances that they will continue the rally
4. Engulfing Candle scan -
This scans the stocks which are in extended up/down trend & have formed Engulfing candle now. They are a great candidate to take reversal trades.
Bullish engulfing - https://t.co/4pOosoeMsL
Bearish engulfing -
🧵
1. NR7 breakout scanner -
NR7 is a great concept using which you can identify the potential breakout candidates.
For details on NR& concept refer to this thread - https://t.co/EgC9h77bLl
Here's the scanner -
2. Volume & price shockers -
This scans the stocks that have seen a sudden rise in their volume by over 2x times the average volume of last 10 days and have gained or lost more than 5% today.
Great candidate for breakout /
3. 15 min breakouts -
These stocks have shown a rise in both prices as well as volume in the last 15 min. High chances that they will continue the rally
4. Engulfing Candle scan -
This scans the stocks which are in extended up/down trend & have formed Engulfing candle now. They are a great candidate to take reversal trades.
Bullish engulfing - https://t.co/4pOosoeMsL
Bearish engulfing -