Bank Nifty Option Trading Software Free Download

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Marianna

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Aug 4, 2024, 10:26:41 PM8/4/24

to teporphade

Lowerthe time to expiry, lower will be the premium of futures. To put a 2 month future to discount, the shorts need to overcome a lot of premium. With 2-3 days to go to expiry, there is hardly any premium to overcome. And going into a discount is easy. STT adds to this

@Sensibull I am noticing that Nifty weekly options tend to be trading at a good discount. Now that the STT is charged only on the intrinsic value would it then mean that any discount would vanish at settlement and we will settle at an option value that is at par with spot ?

For e.g now the NIFTY APR 9100 CE is 359 when Nifty is 9479. So there is a 20 point discount. Even if STT is Rs.4.7 is factored in we will get around 15 point discount. So if I allow the in the money option to expire on 30 April will I gain back the 15 point that I seem to loose now ?

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I have a loss nearly 9L in three years, mostly in options buying.

Starting capital was 2L, when it loose I loaded money frequently.

Now I have a capital of 2L.

Can I recover my losses with this?

Ask yourself what went wrong. analyze your trades and find the mistake you have made, whether it is emotions or risk management or strategy or execution or position sizing. its you vs you not you vs others, ask the right question yourself you will find the answers.

Actually I started trading without zero knowledge. I usually did intraday in stocks. Here I was sometimes in positive and sometimes in negative. Than my friend told me about index options that it has only limited risk.

I started options with small amounts and loose all many times but it was under 1-2L.

Than is load 5L in my trading account and started carefully.

I earned 97 thousand in one month.

But in the end of month my that friend told me that he earned 1.07L in that month.

I decided to defeat him with more profits so I broke all rules and started with OTM with large quantity, and ended with 2L loss.

After that I never forget my losses and wanted to recover them as soon as possible.

Now I am in 9L loss net with great fear of loss.

I was nearly 90% times in good profit in morning session but again 90% times ended in red in the end.

Now I have regrets and guilt all the time.

I guess there are 2 type of persons in market, 1st of a kind who aspire and get attracted to market to earn side income/more money , they learn, make mistakes make losses, try to correct them and start to generate money .

2nd of a kind are gamblers, earn money by luck and gamble more to loose everything, when he had open the thread he just did mention as loss. so i thought he did mistakes, later from his comment understood that he gambled.

The need to make money is really pressing on some people. Do you have a race against Elon? Well, do you have a Tesla or a spacex. No, i have 9 lakhs, 20 lakhs. But i need to be a millionaire by the end of 2020.

You are absolutely right, I gambled all the way and burn my hands. I never digested my losses and wanted to recover them quickly on same day. And that habit turned into overtrading. Losses are part of the trading I never accept it and now I am here.

Not without an edge, and not without more capital which you can only justify if edge can be proven. To recover this with small capital in small time ( say next few years), you have to trade with too much risk and play lottery and even that only if you have an edge.

I actually started trading in options buying last year without much knowledge of technical analysis. Infact I made huge profits during intial days, probably luck was on my side which made me believe that options buying has unlimited rewards. But, on one of the expiry I lost 5 lacs and since then I lost money. I did not set my targets and did not exit market when my stoploss limit was hit.

I think he probably needs to take a reasonable and complete break from trading, take control of his immediate issues and then later he can reflect and think whether he should try again ( does not have to, can lose again) and how he will make sure that his capital is reasonably preserved. We have to take good risks in trading, so there is downside but it has to be protected and enough time must be given to get the upsides.

As far as trading , well man I only wish you played with small just 20% of your entire life savings/ investment. you can recover back money , for now take a break , maybe a different job in another country might do you good too.

First understand what has gone wrong, internalize it, meaning take it inside, deep into your heart and mind, reach a state of mind, a calm mind. Then think about learning, strategies, loss recovery etc.

Some kind of edge, perhaps even a good edge + gambling money management, zero or hero style which with enough sample size will likely go to zero. Good chance to lose all money eventually if not immediately. This kind of mentality is to sell courses or to play with your gambling instinct. Lot of initial luck is needed if full capital is deployed and then eventually risk must be reduced.

1st question to ask is you are ok with losing whatever is left. Can you survive in life? Do you have some kind of support structure. If yes and you want to gamble and likely lose whats left, fine. If not, just imagine this money is gone too before acting.

Even after having access to building blocks of an edge while learning from someone it took me few years to bring it all together and eventually i trade differently to how he trades. This does not answer your question directly, but i am saying this to give you an idea on why it can take time.

I learnt from work of Adam H Grimes if it helps, but you wont get immediate edge nor any get rich quick system.

Once all of it is done and you have good edge, i think 20-30% returns with 10-15% max DD is achievable. We can do better ofc, but that might be a reasonable initial goal. First get there before extrapolating any short term performance to multibagger type returns. So to make more money you need to risk more and at some stage, risk is too much and anything unusual or rare takes you down.

Emotional control is a basic necessity to apply edge, but dont think that when you can trade with discipline you will magically start making money. No, for that you need an edge - something that makes money after large number of trades : your winners - losers.

Bank NIFTY is an index of the 12 highest cap and most liquid stocks from the banking sector. Launched in 2009, this index is now heavily traded on the stock market, with a lot of traders making a living off exclusively specializing in Bank NIFTY. Over the years, many traders who have focused on the trading of Bank NIFTY options have devised a plethora of bank option trading strategies and the market is now littered with Bank NIFTY tips and tutorials on how to trade in Bank NIFTY.

This article will provide a concise summary of two Bank NIFTY option trading strategies as well as provide many Bank NIFTY tips and Bank NIFTY option tips that can potentially help you understand how to make better trades in the future.

Firstly, chart a 5-minute Candle Chart in your charting software. Pick the point at which you will commence your strategy. You must pick a point where the first two candles are either both bullish or both bearish. If your first two candles are bullish, you must place the buy order at the high of the second candle.

Once this is triggered, the stop loss order must be set at the low of that same candle. Alternatively, if the two candles are bearish, you do the exact opposite and place your buy order at the low of the candle, with the stop-loss order placed as a buy order at the high of the candle.

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Setting your targets and stop-losses is an integral step of these Bank NIFTY option tips. To gauge where the stop loss and targets must be placed, chart a horizontal line from the high of the closing candle. This is also the point at which you place your buy order, and once the market corrects to cover this gap, your buy order will be completed. The stop loss should be placed at the low of the closing candle. Similar to the previous Bank NIFTY options trading strategy, another tip is to place the target at twice the height of the candle. For example, if the candle is 50 units, your target should be set at 100.

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Introduction: In the world of options trading, understanding the Put Call Ratio (PCR) for Bank Nifty is akin to wielding a powerful tool that can guide traders towards profitable opportunities. This comprehensive guide will delve into the intricacies of Bank Nifty PCR, explore various strategies employed by index option traders, and provide special tips for deciphering the Bank Nifty option chain.