1) The document outlines a 5-step process for identifying trading trends and opportunities, including determining whether the market is bullish, bearish, or range-bound.
2) Step 2 involves identifying buy/sell signals based on the VWAP, while step 3 indicates areas of support for the trend identified in step 1.
3) Step 4 identifies the point of control between bulls and bears using the brown line, which is important for identifying expiry levels, particularly on expiry days.
1) The document outlines a 5-step process for identifying trading trends and opportunities, including determining whether the market is bullish, bearish, or range-bound.
2) Step 2 involves identifying buy/sell signals based on the VWAP, while step 3 indicates areas of support for the trend identified in step 1.
3) Step 4 identifies the point of control between bulls and bears using the brown line, which is important for identifying expiry levels, particularly on expiry days.
1) The document outlines a 5-step process for identifying trading trends and opportunities, including determining whether the market is bullish, bearish, or range-bound.
2) Step 2 involves identifying buy/sell signals based on the VWAP, while step 3 indicates areas of support for the trend identified in step 1.
3) Step 4 identifies the point of control between bulls and bears using the brown line, which is important for identifying expiry levels, particularly on expiry days.
and enter the Trade (Manage Loss, Profit will flow automatically) Step 2 Step 5 Step 1
Step 3 Note How to use the Information
Step 1 You will see any one of the 3 views at any – Bullish, Bearish, Range Bound This is the first indication one need to see for entering the trade.
Step 2 This is Buy / Sell Signal based on VWAP.
When buying options ensure to see the buy signal. When Selling options ensure to see the sell signal. Step 3 Indicates what are the areas that support the view as mentioned in Step 1. More the indications that support the view. more stronger the view. When the Futures price starts trading below 5 day VWAP, it needs to be considered as positional view. Step 4 Brown line indicates the Point of Control between Bulls and Bears. This is the strike price which is the lowest straddle. This is one of the indicators for identifying Expiry level. This indicator is very important for Expiry Day. Step 5 Strikewise PCR indicates support / resistance. When PCR is above 1 it is support and below 1 indicates resistance. Level Using the Levels for Entering the Trade Short Price trading below this level indicates that this is deadbody. Breakout Never try to buy if the price is trading below short breakout. Some dead cat bounce can come because of oversold on intraday basis. This will be too late to enter a trade after the price starts trading below short breakout. Go Long Price after dipping below go long and starts sustaining above this level is a buying opportunity. Target is Pivot Point. Pivot Spot trading below this level is Bearish Point Spot trading above this level is Bullish. This is more relevant for Futures Go Short Price after sustaining above go short and starts sustaining below this level is a selling opportunity. Target is Pivot Point. Short Never try to buy calls when the spot is trading below this level. Breakout When the price opens at the morning below this level, then look for long opportunity only if the price sustains above Short Breakout level.