re: Day trading Nifty & Banknifty Futures
Dan biradar any replies to my yesterday's query
Hi
Have not forgotten what I promised. And about biradar: To call me like that I highly respect.
Now to your questions: Trading options on an intra day level based on charts is possible with clear rules. An other point is if you can be sure that your orders get quickly filled with a very little risk of the spread. As less this orders are affected to the spread, as better for you. So that are two very basic and very important points you have to figure out and understand.
An other point you have to clear with your self: Why do I want to trade options intra day and why do I not want to trade futures intra day? I not can help you here, as this is your personal decision. I do not like to trade options on a pure intra day level. But that is my choice and no rule.
Now trading them on a chart: Have a look at the charts you posted and mark the points you think you would take or place an option trade. Think or explain why you would do it there and not some where else.
You can place option trades by calculating a for-casted possible price. Here you do limit orders. The other way, what most here do, is jump into the market at certain points and buy market.
Would you enjoy to do that, then I will wait to see your charts with the points you choosed and the reason you choosed to do so.
DanPickUp