"Intraday Banknifty Strangle based on OI data"
(System already shared, today just share few examples)
-Trade timing after 9:45
-Check Banknifty change in OI data at 9:45, and identify the highest OI built up in call side and put side
-We will sell both strikes with combined premium as SL on both legs.
28th June 2021
At 9:45 trading at 35350
Highest OI in call side at 35500 CE and 35000 at put side
Strike selection 35500 CE- 35000 PE
29th June 2021
At 9:45 trading at 35112
Highest OI in call side at 35300 CE and 35000 at put side
Strike selection 35300 CE (232) - 35000 PE (150) Combined premium 382 , Both legs SL 382
30th June 2021
At 9:45 trading at 35002
Highest OI in call side at 35000 CE and 35000 at put side
Strike selection 35000 CE(176)- 35000 PE(213) Combined premium 389 , Both legs SL 389
Great video with points helpful for beginners.
Made 4 threads on DJ Sir with the help of @niki_poojary
1. Selecting strikes to trade in with risk management.
2. How he took some aggressive trades.
3. Multiple charts analysis for intraday trading.
4. Trade Setup
https://t.co/Ngoc5bh906 Thank Mahek bhai for making this video basis my set up which i have been following since past 2 yr I\u2019m not promoting this software, neither I 'll gain any referral if anyone subscribes for this software ,Purpose is to share help fellow traders!\U0001f60a— itrade(DJ) (@ITRADE191) September 5, 2021
Attaching all threads made on DJ Sir. After watching the video you can refer to this tweet for notes about his strategy and learn a few other ideas.
Compiling these together for easy access to his knowledge.
1. Selecting strikes and risk
2. Going aggressive with help of data and