Example of high probability setup for long intraday entry by using readily available free resources at your disposal

Watch out for top Gainers/Losers from NSE site
https://t.co/rldBIkYzMY

Check if the respective sectoral Index is also among the top performing index.
Here the criterion is met as top gainer as well as sectoral index are matching.
https://t.co/D9lDQ7ieR8
Check if open interest is also supporting the criterion

https://t.co/eHkCqvcYeC

Here this criterion is also matching as Cipla is showing good rise in open interest among the constituents of pharma index
Finally lookout if the intraday price action is also supporting long entry.
Kindly wait for 1 hour for market to settle & to ensure all above criterions are met.
Same can be replicated for short entries as well. There are many ways of deciding your own criterion for long/short entries like
1.Rise in Volume & rise in Open Interest.
2.Above previous day's high or below previous day's low.
3.Pivot/CPR/VWAP Etc. for entry/exit.

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A THREAD ON @SarangSood

Decoded his way of analysis/logics for everyone to easily understand.

Have covered:
1. Analysis of volatility, how to foresee/signs.
2. Workbook
3. When to sell options
4. Diff category of days
5. How movement of option prices tell us what will happen

1. Keeps following volatility super closely.

Makes 7-8 different strategies to give him a sense of what's going on.

Whichever gives highest profit he trades in.


2. Theta falls when market moves.
Falls where market is headed towards not on our original position.


3. If you're an options seller then sell only when volatility is dropping, there is a high probability of you making the right trade and getting profit as a result

He believes in a market operator, if market mover sells volatility Sarang Sir joins him.


4. Theta decay vs Fall in vega

Sell when Vega is falling rather than for theta decay. You won't be trapped and higher probability of making profit.