Case study of Zee limited with equity and derivative data.What to look for in coming days to act on.
Sometimes you get lucky. When you are long in the highest gainer for the day, it feels good.
As on 15th oct ITC OI is highest since mid of march 2020(from where the big fall and covering of OI started).It will be interesting to see which way it goes this time, how it behaves in upcoming days.
Sometimes it is better to see it through then to anticipate.
The best of the trades are never forced trades, they come to you & speak to you(for discretionary traders following own set of rules).
Rules help me decide entry, exit & long, short while gut helps me decide position sizing.I am yet to read on scaling up position in a scientifically/rule based manner.Till then working old style.
Now let’s come to the trade(as they say- cut to the chase).
One of my exercises every month is to find what happened in the overall month in F&O space. So i goto MyFnO and check the Advance/Decline page with monthly interval. It makes it easier to analyse market and sometimes gives you medium to long term trades/views.
Let me show you how
We found something for our watchlist for the month of october 2020. Combination of Price action, Futures OI & Option action are there in result month.Hopefully it adds value to your work.
Telecom stocks have been in news a lot.
Supreme Court Case
Investments in Jio Platforms
Speculation in Future business model of IDEA
I am going to write on 3 actions in markets related to Bharti Airtel.
What’s important for a trader? Find strength/weakness in markets – as always. Days like these are really important to filter stocks. There are various methods to check strength in a stock. Today i’ll touch upon 1 more way – find stock options where the underlying was negative but the Call option closed in positive. Further you may create other combinations also.
What happens when volatility rises in front of big events?
Does this offer any opportunity?
How can one make money in this?
Let me iterate a scenario that often occurs around large known events like elections, budget(sometimes),mega-results.
I discovered icharts option tool via online searching and discussion.I found a lot of useful tools there that will help me in easing of doing my business- Options Trading.
Let me take you to that place one by one(things that i like). Hopefully you will be able to make good use of it.