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Advanced Trading With DataBase #Nse #BseOptions Data APIs and Tools: Investopedia: Provides insights on using options data for market direction. IVolatility: Offers a deep database of options and futures prices, volatility, and analytical tools for traders and investors. Polygon: Real-time options prices, historical data, and news for major options markets. Optionistics: Offers free analysis tools, including price and volatility history, option calculators, and more. Barchart: Provides an overview of today’s options market activity and unusual options activity5.
NSE:BANKNIFTYEducation
by Optionclub
1
Trading Management and Psychology #NSE #SMCTrading psychology is different for each trader, and it is influenced by the trader's emotions and biases. The two main emotions that are likely to impact the success or failure of a trade are greed or fear. Greed is defined as the excessive desire for profits that could affect the rationality and judgment of a trader. Trading psychology is the emotional component of an investor's decision-making process, which may help explain why some decisions appear more rational than others. Trading psychology is characterized primarily by the influence of both greed and fear. Greed drives decisions that might be too risky. Here are five ways to feel more in control of your emotions while trading. Create Personal Rules. Setting your own rules to follow when you trade can help you control your emotions. ... Trade the Right Market Conditions. ... Lower Your Trade Size. ... Establish a Trading Plan and Trading Journal. ... Relax!
NSE:BANKNIFTYEducation
by Optionclub
HDFCBank - Inventory Analysis using Market Profile - 14 Aug 2024Hope you all are well and HDFCBank is showing signs of inventory accumulated around 1600. In this video i am sharing my process, how i use TradingView's inbuild TPO - Market Profile and Volume Profile indicators to understand the inventory development and how smart money is accumulating their positions in this stock. 1600 is the line in sand and there are less transactions happening below 1600 - Question you should ask is why? Price is nicely chopping in a 1 month range of 30 points Below 1600 is where i am looking for responsive buying Target 1 is 1650, followed by 1700 and the gap fill above 1700, and looking to acquire positions till 1500 in this stock. This is a long term stock where Market Profile is helping me to understand how positions are being created based on the transactions that are happening. Disclaimer : Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, do not forget to hit like and follow me, and please do share your thoughts in below comment box, as your response will help me strengthen my market understanding. Thank you.
NSE:HDFCBANKLong
by madhuram
1
Bank-nifty Long Term Levels #InvestingCertainly! When it comes to long-term investing in Bank Nifty, here are some strategies you might find useful: Buy and Hold Strategy: This approach involves purchasing Bank Nifty index funds or individual banking stocks and holding them for an extended period. Over time, the market tends to grow, and this strategy allows you to benefit from compounding effects. Nifty Bank Index (NSEBANK): The Nifty Bank Index represents the performance of the banking sector in India. It includes major banking stocks listed on the National Stock Exchange (NSE). Here are the latest details for NSEBANK: Current Price: ₹50,578.55 Day’s Range: ₹50,149.25 - ₹50,830.70 52-Week Range: ₹42,105.40 - ₹53,357.70
NSE:BANKNIFTYLong
by Optionclub
Bank nifty Levels for Intraday Certainly! Intraday trading in the Bank Nifty involves closely monitoring key levels to make informed decisions. Here are some relevant levels for today: Resistance Level: Around 50500 (expected opening level). If there’s a reversal confirmation at this level, it could lead to a bearish trend continuation, potentially resulting in a downside rally of 400-500 points. Support & Resistance Trend Lines: Consider the daily chart’s support and resistance trend lines. Additionally, keep an eye on the Previous Day High (PDH) and Previous Day Low (PDL) levels, which often act as crucial support and resistance points during live market hours. Remember that intraday trading involves risk, so always use proper risk management techniques and stay updated with real-time market movements
NSE:BANKNIFTY
by Optionclub
Data Base Trading Part - 3 #NSE #BSE What exactly is an Option Chain? It is the complete picture pertaining to all the option strikes of the Nifty in a single frame. Remember, just as there is an option chain for the Nifty, you have option chains for all the key indices traded in F&O and also for individual stocks where options trading is permitted. Tips for Trading in Bank Nifty Option Stay Informed About Economic Events and Market Trends. ... Use Technical Analysis to Identify Patterns and Trends. ... Develop a Trading Plan and Stick to It. ... Set Realistic Targets and Stop Losses. ... Use Options Greeks to Assess Risk and Return. Bank Nifty is considered one of the best indices for options trading due to its high liquidity, volatility, and significant price movements. These characteristics offer ample trading opportunities and the potential for substantial profits in a short time frame.
NSE:BANKNIFTYEducation
by Optionclub
Banknifty levels for Intraday Trader'sCertainly! Let’s take a look at the recent levels for BANKNIFTY, the index representing the banking sector in India. Keep in mind that these levels are subject to change based on market conditions, so it’s essential to stay updated. Here are some key data points and recent analysis for BANKNIFTY: TradingView Chart: Price Range (July 31): BANKNIFTY was moving within the range of 51,250 to 51,900. Pattern: Range Trend Strength: Normal Buy Above: 51,360 Stop Loss: 51,280 Targets: 51,440, 51,520, 51,600, 51,720, and 51,800. Sell Below: 51,220 Stop Loss: 51,300 Targets: 51,160 Google Finance Data: Previous Close: ₹50,119.00 Day’s Range: ₹49,829.60 - ₹50,440.75 52-Week Range: ₹42,105.40 - ₹53,357.70 TradingView Intraday Levels (August 6, 2024): Buy Above: 50,100 Stop Loss: 49,890 Targets: 50,250, 50,400, 50,550 Sell Below: 49,890 Stop Loss: 50,100 Targets: 49,700, 49,530, 49,290 No Trade Zone: 49,890 to 50,100 Previous Day High: 50,780 Previous Day Low: 49,700 EquityPandit Data: Today’s Low/High: ₹51,087.85 / ₹51,608.70 52-Week Low/High: ₹42,105.40 / ₹53,357.70 Remember that these levels are based on technical analysis and historical data.
NSE:BANKNIFTY
by Optionclub
PCR For Intraday Option's Trader Certainly! The Put-Call Ratio (PCR) is a statistical indicator used in options trading to gauge market sentiment. It compares the trading volume of put options (which give the right to sell an asset at a predetermined price) to that of call options (which give the right to buy an asset at a predetermined price) for a specific underlying security (such as a stock or ETF) within a given timeframe (usually a day or a week). The formula for calculating the PCR is: PCR=Call Option OI / Put Option  OI​ Here’s what it tells us: A rising PCR (greater than 0.7 or exceeding 1) indicates that traders are buying more puts than calls. This suggests bearish sentiment, as investors may be speculating that the market will move lower or hedging their portfolios against a potential sell-off. A falling PCR (below 0.7 and approaching 0.5) is considered a bullish indicator. It means more calls are being bought relative to puts, signaling optimism about a bull market ahead. Remember that the put-call ratio can be influenced by recent events, earnings reports, and overall market conditions.
NSE:BANKNIFTYEducation
by Optionclub
PCR (PUT CALL RATIO) With Professionals The Put Call Ratio (PCR) is a tool in the stock market to understand how investors feel about a stock or the market's future. It compares the number of put options to call options traded. More puts traded mean investors expect prices to fall (bearish). More calls traded mean investors expect prices to rise (bullish). PCR is also considered as a contrarian indicator which helps traders not to get caught in the herd mood of the market. Based on the extreme PCR ratio, the trader might take a call to buy or sell against the prevailing mood of the market
NSE:BANKNIFTYEducation
by Optionclub
2