In this video of the face2face series, we have with us Mr. Vivek Bajaj, co-founder, StockEdge, Elearnmarkets, in conversation with Mr. Nitin Murarka, who is presently working in SMC Globals. He completed his Chartered Accountancy in 2004 and then moved to Delhi to start working in a trading firm that deals in the global market, where he started learning about technical analysis. Then he joined SMC Global, where he is presently working for 16 years.
Mr. Murarka will focus on how to do intraday options trading combining options data and technical analysis. According to him, the accuracy of trading with this technique is more than 70% plus. He emphasises the value of options chain analysis, focusing on factors such as strike price, change in open interest, and last traded price. He discusses how traders can spot successful opportunities in intraday trading by looking at these variables. He stresses the need of tracking changes in open interest for both the call and put options in particular, and he offers advice on how to analyze options chain data for profitable trading methods.
Further, the speaker will discuss what price levels option traders should take entry in the direction of options data. He will also discuss how the data before the US elections indicated bullishness in the stock market and how to plot the options data in a line graph and make support and resistance levels and apply other technical patterns in the same chart. Finally, he will talk about how technical analysis is applied to options data as well as price charts.
Watch this video to learn effective intraday options trading strategies that combine options data and technical analysis, with a focus on strike price, open interest, and last traded price. Learn how to use price charts and options chain analysis to create profitable trading strategies.
Your Speaker
Nitin Murarka
Your Host
Vivek Bajaj