Arvind,
Generally Positional. 2 days to a week. Rarely 2 days, more like 3/4/5 days and sometimes 10 days too!!!!
Eyeball the charts. Get some hints from this thread and some other sources.
Mostly TL breakouts/breakdowns are my Tools combined with keeping track of
1. BBs
2. Stcoch and RSI indicators
3. Volumes
4. NRs/IDs etc.
SPOT values only.
Also very frequently (sometimes every hour too) keep track of Options OI for Nifty for market trend for the nxt 3-4 days ...
Learning Wolfe Waves, very powerful pattern. If I succeed then it will be very good.
"KISS - Keep It Simple Stupid" is the best way -- more complicated any system then more problems u face ...
Murtaza Bhai,
Out of interest asking you....!
Based on what analysis you trade in options..?
Do you trade and close option positions on the day itself or do you hold for few days..
Based on what.. you selected these options...
Kindly bare with my questions.. Am a Novice to options..
Regards,
Arvind