Stock Precision
Stock Precision

@Stock_Precision

9 Tweets 2 reads Jan 06, 2023
#OptionsTrading #Nifty #BankNifty #trading #Basic #knowledge #NSE
๐Ÿงฎ Options Trading tips for new investors.
๐Ÿ”ฑ For Bank Nifty
1. Multiples of 1000 & 500 are strongest Supports & Resistances for Bank Nifty.
For eg : 38000, 38500, 39000,39500 40000, 405000.
#OptionsTrading #Nifty #banknifty
โœ… Above mentioned levels will work out with 80-85% of the trades.
2. Trading in Bank Nifty, you should know important banks and thier weightage ( Variable ). If the important and heavy ones are moving in same direction, strong move expected.
#OptionsTrading #Nifty #banknifty
3. Bank Nifty also co relates its moves with Nifty majority ( 60-70%) of the times, Keep a check on Nifty moves of multiples of 50 & 100 as it's most important support and resistance.
For eg : 17500, 17550, 17600, 17650, 17700, 17750, 17800...
#OptionsTrading #Nifty #banknifty #trading #Basic #knowledge
4. For beginners, buy and sell with one lot.
If your position is gaining, add more to two lots. Practise this for 100 successful trades, once gained money with strategy, start increasing your position sizing.
#OptionsTrading #Nifty #banknifty #trading #Basic #knowledge #callput
4. If Bank Nifty is moving sideways, in both directions, add positions from both the sides.
Call Option & Put Option, keep booking small gains whenever opportunity comes.
If one way moves starts,
#OptionsTrading #Nifty #banknifty #trading
If one way moves starts, book out the position from opposite ( loosing) side, and stay invested with gaining one.
5. Last 30 mins on Nifty, and Data from #dowjones & #NASDAQ, will help you ascertain next day's move, reliable upto 70%
#OptionsTrading #Nifty #banknifty #trading
6. Prepare to book profits around Supports and Resistances, as the bounce back from those levels can be very sharp and can wipe off your gains very quickly.
โœ… Support and resistances are a zone ( + & - 5%) and not levels.
7. Don't form a bias, that this direction will happen anyhow, as u will keep on increasing, and market will keep giving you losses.
8. Trade with a mindset, both Directions are there to be made money.
Stay with Price Action.
#PriceAction #trading #banknifty #Nifty
โ›ณ Most Important
Trade with numbers, not with emotions.
Good things always take time, and are worth it.
Please share this if you think new #investors can gain with this thread ๐Ÿงต
Happy Trading

Loading suggestions...