Whether OI works for intraday trading ?

Whether OI useful ?

No one has a exact answer. But one effective way to make use OI in a very different perspective - OUT OF THE BOX from Traditional method

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Kindly RETWEET & share so it can reach many traders

Trading is a probability business so don't be so attached to it. Remember market closes by 3:30 p.m then u have family, friends etc... which u need to make your priority

Today's stock - JSW steel

@ca_mehtaravi @Prakashplutus @VijayThk @hjyadav @charts_breakout @BissaGauravB

Vwap with Pivot Points

Intraday Trading strategy for Trend followers ( Will share also for mean reversion trader as soon as possible )

Intraday Trading Strategy Thread 🧵

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A basic framework of the system with calculation using simple standard pivot point with default settings ( On Trading view traditional pivot points )

Always focus first on risk per trade and then reward

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Chart example no - 1 for Trend Followers. Read the wording in the chart image along with the above framework to understand in a better way

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Chart example - 2 . Using pullback rejection maximum times make our risk smaller with high reward

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Chart example - 3. When the range are wider lesser the chance for Directional moves only high chance of sideways auction

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12 Common reasons which is the root cause most traders
LOSE MONEY in trading.

Must read thread 🧵

It will take just 3 to 5 minutes to read

RETWEET to reach maximum traders. So they can avoid losing money again by doing the same mistakes

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1) Adding many indicators in expectation to make quick money. But reality is Indicators follow price.

So try to understand what buyers/sellers are doing to move the price.

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2) Just because the candle is BIG ( BIG red colour candle means SELL & Big green colour candle means BUY ) on 5 min or 15 min timeframe for intraday.

Remember this is not a trading strategy. You are just attracted by the big candle & colour

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3) Just because having capital in demat account want to utilise full capital in a trade.

Remember don't risk max.more than 2% of your capital on the single trade.

Loss can be controlled but profits can't be controlled. FOCUS which can be controlled

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4) Placing stoploss most of the time exactly at visual reference levels like

-Above Day high/swing high or below Day Low /Swing low
- Exactly above/below VWAP
- Above Previous day high or below Previous day low etc...

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Understanding Buyers vs Sellers using
candlesticks PART-1

Mini Thread 🧵 #trading #StockMarketindia

Traders show your support by Retweet to benefit maximum traders

@Mitesh_Engr @ITRADE191 @hjyadav @nakulvibhor @RajarshitaS @chartmojo @ca_mehtaravi

Here i am just trying to focus on few candlestick formation and trying to understand buyers vs sellers at reference levels. In trading less is more

Type 1 - Buyers aggression
Type 2 - Sellers aggression
Type 3 - Full confusion

Follow stay away approach when you are confused

Chart 1. Looking at candlesticks formation at reference levels is way more better than looking candlesticks everywhere or every second

Chart 2

Chart 3. Make your trading style as simple as possible

A small thread of Part 1 will share more examples in upcoming days and will try to post some live examples during market hours.

Srikanteshwara Temple,
#Nanjangud  #Karnatakatemples 🚩

Srikanteshwara Temple or
Nanjundeshwara Temple is a famous Shiva Temple located in Karnataka at the bank of river  Kapila. Temple is also called Varanasi of South. Nanjunda means one who has consumed poison.

Story is  related to the Samudra Mathanam when Paramashiva had to consume halahala.

Parashurama worshipped Mahadeva here to relieve himself from the curse of Mathru Hatya. While clearing the place to do poojas Parashurama's  axe hit the Shivalingam and it began bleeding, that

mark is still visible even today. Thus
it is also believed that Parashurama did Shiva Prathishta here

Sthala Puranam says that, once there was a demon named Keshi who disturbed the people in the area, after  getting blessing from Brahma Deva  and Mahavishnu. Mahadeva appeared

here and killed demon Keshi and blessed this place as Papa Vinashini. Whoever praying to Srikanteshwara or Nanjundeshwara, after bathing in the  Kabini River will be relieved from all sins.

Nanjundeshwaraya Namah
🙏🕉🙏

Varahi Amman, Madurai, Tamilnadu

Vaarahi is one of the Saivite Shakti deities with the group of goddesses known as SAPTAMATAS.
They are: Brahmi, Maheshwari, Kaumari, Vaishnavi, Vaarahi, Mahendri and Chamundi. 1/n

They are the Shakti (female) equivalents of their male counterparts. Vaarahi is the Shakti of Bhairavar who is one of the Amsam of Bhairavar.Created from the boar avatara of Vishnu, Vaarahi is often associated with Goddess Kamala (one of the Mahavidyas). 2/n

She is also called Dandini (Lady Commander of the forces of the Mother-Goddess, symbolizing the might of SriVidya). As Vaarahi ("hog-faced" or "the great consumer") she destroys evil forces that obstructs the devotees' progress, paralyses the enemies 3/n

and led the devotees ultimately to SriVidyas. She is also called Panchami). With Kurukalla, she is accorded the parental status to Sri-Chakra (Lalita Tripura-Sundari). While Kurukalla represents the full moon, Vaarahi represents the new-moon. 4/4

Jai Maa Varahi 🙏

Tag for 📷 credit

LACHIT BORPHUKAN : AN UNSUNG WARRIOR OF THE AHOM KINGDOM & THE GREAT BATTLE OF SARAIGHAT

Originally named as Lachit Deca, Lachit Borphukan, the fierce and invincible Ahom Commander, was born during the early 17th century at Betioni in the Golaghat district of modern Assam.

His father, Momai Tamuli Borbarua was the ‘Governor’ of the kingdom and also ‘Commander-in-Chief’ of Ahom army under King Pratap Singha during his reign starting from 1603 to 1639. Lachit received military training from an early age and joined the Ahom King Jayadhvaj Singha...

...(1648-1663) as a scarf-bearer.  The post ‘scarf-bearer’ or ‘Soladhara Barua’ is considered as a part of the incumbent king’s personal staff. Owing to his military training Lechit was appointed "Ghora Barua", Supdt. of the Royal horses. When Chakradhwaj Singha became king..

..of Ahom dynasty in 1663,he appointed him Suptd. of The Royal Guards &finally he was appointed as Borphukan by the king.Then onwards,he was known as Lachit Borphukan.Borphukan used to be top councillor in Ahom Kingdom. This position was embedded with executive & judicial powers.

Assam was facing incessant Islamic invasion since Jan1662, when Mughal General Mir Jumla II attacked Ahom capital Gargaon. He never defeated Ahom king Jayadhwaja Singha as king retreated to hill &continued Guerrilla warfare.Prolonged fight &prospect of stalemate disturbed Jumla.

Read this. U may get it for free.
Short straddle :
What is ?? Sell an atm call and put.
Instrument: mostly bnf and nf.
Now there are versions of it.
1. Best version :
Enter around 9.15-20 and exit around 3.20. No adjustment nothing.
1/n.

If u r doing it on zero leverage(meaning u have full capital of around bnf's notional contract,i.e. 40000*25 = 10lacs), then u r most likely going to make better than fd or anything like that.
Simple rules : friday,monday, tuesday do for weekly. Wednesday and thrusday next week

So, gamma moves can't impact much.
Another better version of mahesh chander kaushik is to do it for monthly expiry.
Bigger premiums and never hav to worry about 200-300 points sudden moves.
2. 2nd version : have combined stoploss of premiums and re-entry criteria. Example :

Let say 40000 straddle is at 600. Sell at 600 and hav combined sl at 650. Many algos are providing this. U can even place stoploss in % terms. Like, if sold straddle at 400 and placed 10% sl, means if 440 combined premium touch, it will be stoploss.
Let say, in morning,

U sold straddle at 600 and it sl hit at 650. Now, u placed reentry at 600 with same sl. This time may be linear decay happens and u may cover morning's loss and make some profit.
3rd version : stoplosses at each leg and trail sl to cost type.
Example , 40000 straddle at 400.