Skip to main content

Started trading in NIFTY Options

Currently I'm learning trading  NIFTY Options.  We prefer NIFTY Options as it helps us focus only on the index and there is no need to track multiple stocks/signals.

 Positions will be squared off by 3:30 pm.

All trades would be done using 5-minute charts. We already have a charting software and real time data feed. 

This is what an intraday chart of NIFTY futures looks like.




Glossary:
1. Upstox Pro - It is a online brokerage which helps you to trade and analyse the Indian stock markets in real time. They have extremely low rates (Rs.20 per order and Nil for delivery). You can take a demo at Upstox Pro.

2. Day trading - The buying and selling of shares during market hours from 9:15 am to 3:30 pm with the intention of making a profit.


3. NIFTY Options - A derivative product where the underlying is based on NIFTY index. When you're trading the index, you are not really looking at stocks but only the index.

4. Squaring off - Closing a position taken a earlier. If you have bought something, you should sell it and vice versa.

5. Charting software - A software which is designed for analyzing the stock market.
 I use Amibroker.

A very good option alternative is to use a free web based service like Trading View. Here you get 5 minutes delayed intraday data for all Indian stocks. 


Comments

Popular posts from this blog

Year-to-Date Comparison of Large cap, Mid Cap & Small Cap Stocks

As explained in the previous post large caps account for 75% of the total market capitalization, mid caps 13% and small caps 7%. Now people are always in a dilemma as to where one must invest. Some prefer small caps & mid caps because of  the profit potential while others prefer large caps because of the stable businesses, good management and lower volatility. This report will present the year-to-date gains of large caps, mid caps and small caps.

This data is as of 05-07-18 and is generated from Amibroker.

NIFTY 100


The average return stock for NIFTY 100 was -8%. The top gainer was 39% positive and top loser 56% down. Here are the top 5 gainers and top 5 losers for NIFTY 100 stocks.

Mira Road's Son and now Hero - RIP Major Kaustubh Rane

A son, a husband, a father and now a HERO. Gone too soon but not in vain. 

Major Kaustubh Rane (29), resident of Mira Road, lost his life Rane, 29, lost his life fighting for the nation in the Gurez Sector of Jammu & Kashmir on August 7. He was among the four Army personnel killed in a gunfight with terrorists near the LoC in the Bandipura district on Tuesday. His coffin arrived late on Wednesday night and the last rites took place on Thursday morning with full military honours (he was decorated with the Sena Gallantry Medal by President Ram Nath Kovind on the 69th Republic Day celebrations this year).



Police had cordoned off the entire area around his building. Thousands of emotional onlookers (practically 3/4 of Mira Road's population) lined up alongside the road or from building tops and terraces to pay their respects and bid farewell to the man who made them proud and sacrificed himself to ensure their safety.


Raising slogans of "Major Kaustubh Rane, Amar Rahe" and …

Close Encounters - Spotting a LEOPARD 12ft away @Nagpur

Presentations, college activities and research work had become my life. Spending 4-5 hours on the laptop and another 3 on the phone had become an everyday thing. Not that I was complaining, but when my college's Nature Club teacher in-charge Prof. Radhika D'Souza asked me if I would like to come on a 4 night, 5 days trip to the Nagzira Tiger Reserve in Nagpur, I immediately said yes. The trip was scheduled from the 28th of December to the 1st of January 2019. This meant that I would be missing my birthday as well as New year in one shot. But trust me, I didn't regret my decision one bit.
Our train was from CST at 3pm. There were around 40 other people on the trip (whom, by the way I didn't know at all; except for a few. But I later on realized that it didn't matter who you knew or didn't know at the beginning of the trip. By the end of it, there wasn't a single person whom you couldn't smile at). This was to be my first long distance train journey. So I…