Yesterday was the first Weekly analysis session where I explained the science of how to analyze Option Chain, Open Interest, and PCR in conjunction with Price charts. Post analysis we created a trading plan for the expiry day.
This is a learning thread π§΅β¬οΈ
This is a learning thread π§΅β¬οΈ
In this thread, I am just sharing a glimpse of the Mid-week analysis and how we analyzed the OI data with logical reasoning.
Sharing ~10 mins content of 90-mins session
Sharing ~10 mins content of 90-mins session
Based on the Option chain, we were trying to identify major Support and Resistance for Nifty. (Part-1)
Once we had the range based on PCR, MaxPain, and OI analysis of Nifty50 we were preparing ourselves. (Part-2)
We started preparing the trade plan, with multiple scenarios and cases.
With every case, we were trying to prep ourselves with how to enter, how to exit, and what risk was on the table.
With every case, we were trying to prep ourselves with how to enter, how to exit, and what risk was on the table.
Shared my observation based on MaxPain and OI, how markets will react in the first half.
We were expecting the market to fall first and then rise. Everything is based on data with logical reasoning.
We were expecting the market to fall first and then rise. Everything is based on data with logical reasoning.
If market starts moving as per this analysis, we planned the entry and exit criteria. The purpose of the entire exercise want to find a entry with least risk on the table.
Because as traders we can only keep risk in check.
Because as traders we can only keep risk in check.
This thread is not a promotional activity but an honest effort to impart the right knowledge. Because I firmly believe that βThe knowledge that you seek, in turn, shapes youβ
If you want to participate in the weekly analysis please visit: thenoiselesstrader.com
If you want to participate in the weekly analysis please visit: thenoiselesstrader.com
Let's reach more learners like you with this thread and let me contribute to the learning curves of many like you. Kindly retweet if you got any insight from this thread.
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