Since lot of people are asking what I do as routine for everyday trade...Making this Thread
1. I read @moneycontrolcom report of the data from previous day the previous night and the report in the morning
2. I watch the global markets from http://investing.com  APP

3. Check the DOW Futures, Rupee Strength, Oil price and 10y yield from previous day change just before the market open
4. Make a view out of all this Data points
5. When the market opens will confirm my view with the price action if I am trading from the beginning of the day

6. While the trading day begins everything moves to what's on the screen
7. I use simple things like open, high and low of present and previous day for assessing trend
8. And my stops are based on the High of the option price for the first 1.5 hrs

9. After first 1.5 hrs I use VWAP and OI data to determine my stops as the gamma and theta effect come into play after that.
10. And most important when I am wrong the opposite is correct so we can either go long when ur stop hits or sell opposite side depending on option price

Hope the above Thread was useful... Happy Trading #trading #nifty #OptionsTrading #banknifty #captnitinmannar