Intraday Trading for Beginners: Price Action and Option Strategies

[00:00] Well, if you want to learn intraday trading and especially for you because in this video we are going to learn Point number one, for intraday trading, it is most

[00:16] Today in this video, we are going to learn such a method by which you will be able to identify the direction of the Point number two, we will also know which strategy to use

[00:32] will make very less loss and we will be able to make a Now, some things become important here, it is important to intraday trading because you have seen someone on Instagram

[00:50] one day. lakhs and 25 lakhs in one day. easy.

[01:03] This is a profession in which skills are very important and You are new, I understand. internet and tells the time that

[01:15] But I want to give you clarity in this video that skills You will have to give time and patience and money will be

[01:27] You will become rich overnight, you will get a jackpot in Point number two, we also have to understand that there is It is not possible, it happens.

[01:42] understand that you may be doing a job or doing some If you were doing a job, then you know that money has to We have never seen that the salary will be deducted.

[01:57] profit and loss in trading and most of the people have a And if most of the people have a loss, then what will you You will definitely learn, but money will be made over time.

[02:14] intraday, intraday means profit in one day and loss in one You are not carrying your trade for 1, 2, 3, 4 days.

[02:26] So Warren Buffet also says that day trading is like mindset.

[02:56] Now if you have understood so far, then we will go straight So to understand it, what are we going to tell today, it is So in intraday trading, we will go on charts now.

[03:10] patterns, what are chart patterns, what is price action, beginner level. We are going to identify first what can be the direction of

[03:24] Now what did I say, it can be. it is not that 10 out of 10 times it will be like this. father.

[03:39] We will talk about such a concept that will help you in direction identification with accuracy 6-7 times out of 10. Plus, we will not only bring price action in it, along with

[03:55] price action, we will also do quantitative analysis in it, If you trade in options or you have heard about your analysis of open interest, analysis of change in open

[04:12] But there is also a shortcut to it, which we will learn in this video. With which, along with price action, you can Where are the option sellers sitting, what are they doing,

[04:25] So if you go with them, you will make money. For some people, I can be fast. It may seem that go ahead and explain the thing.

[04:39] That's why this video is available for free. So first of all, we will identify the direction. becomes very important.

[04:52] direction of the market. Price action is saying, data is saying that the market will Or if you thought that the market will fall, then you

[05:07] Let's buy call put directly. You will not do option buying naked. So the video is very important.

[05:21] And what you are going to learn, I am telling you genuinely. What happens to you when you learn from other people's So your time is saved.

[05:35] Let's go back to the chart. Then we can go as old as we can and you can also go. What I am teaching you, you do its back testing yourself.

[05:49] at the end of this video. After that, if you feel right, then you will rely on this If there is a profit, then increase it slowly.

[06:02] So what are we going to do now? Looking at this chart, now we can clearly see that the But how will we identify in the morning that the market is

[06:17] We are going to take this out on the basis of price action 10 out of 10 days will not be like this, but 6 out of 10

[06:31] With which you will identify the direction and this is also Look at this, we are at the time frame of 5 minutes of Bank I will open 10-12 random stocks here.

[06:44] You will see that this method works in all stocks, in all So this is the first candle of 9.15 on the time frame of 5

[06:56] Don't do anything 9.15, don't do anything 9.20, don't do And what do you have to do after seeing? 9.15 to 9.30, not much time has passed, only 15 minutes

[07:08] What did the market make low? You will go here and place a horizontal line here. And what will you do, which was low, like the candle of

[07:25] So we went here and put two lines. You have to put these two lines and wait. If you want to trade in the intraday, direction

[07:38] So we saw what happens at this time. There is a fight between buyers and sellers in the market. We find out when something breaks from high or low.

[07:53] How much time is going on here? At 10.05, the sellers won here. So we will not take entry suddenly.

[08:06] It is also important in price action that the candle that If that low breaks from another candle, then we should go We didn't know how much more the market will go down.

[08:22] At that time when the market is running live, we don't know So we have to capture that move for which I am going to Now you have taken the entry at 10.10.

[08:34] But this is what the price action is saying. Because now these things are happening.

[08:46] Many people know these things. But along with this, you will have to bring a little edge. If you see a hammer here, then the world is seeing a hammer

[09:03] He knows how to put it under it. It will come many times and it comes. It was made here too.

[09:17] And after being made here, people take a slight entry above. Now this hammer will work, this hammer will work. So that's why the things you know.

[09:30] So the operator can come to trap you. For this, it is very important for us to rely on data. If you understand the option chain,

[09:44] So this is OI. And it means change in open interest. If you are trading in options,

[09:58] There may be a lot of people who are new.

[10:30] So if you see here, now we are on bank rifty, so we see the Here it is simply visible in open interest and see this That's why I made it simple for you.

[10:46] change, okay. So when we see OI on bank rifty, now you will say what is The red line you understand that it is support.

[10:58] Where the biggest red line is, it is a little difficult to So if you see the biggest red line here, it means there is a strong support here and where the biggest blue line is

[11:10] market. data becomes very important for intraday because it tells Like it is telling that there is resistance here, but it is

[11:25] When such red lines come down, it means the sellers on the They are afraid that the market can come down. here.

[11:40] I told you in short that I will tell you in a glimpse that So now you will not be able to do so much analysis. If you are new, then you will know all this.

[11:54] have come to a software. This trend helps in identification. Those who think that we have the usage of this software,

[12:08] Let's go to bankruptcy first and in this intraday, your You will see very carefully. The trade was to be taken at This data was positive at 10 o'clock.

[12:22] This means that there is a chance of going above the market. When the PCR was opened in the morning, it was 3.46, highly Then it was less and then it was less.

[12:35] take the trade? When we will get confirmation with data. As soon as the data turned red, it means that now you are saying that it will go down and data is not saying at what

[12:51] But we got confirmation from price action at 10.10. Was the data negative at 10.10? Yes, the data was negative at 10.10. So now you have dual confirmation.

[13:06] brought an edge. You must have heard We can see that the market is going down and it goes up.

[13:20] your accuracy more, which is important. But now we have understood that we have to take a trade minutes.

[13:35] the data up to here. can see that the data has changed and it has become This means that the data is negative.

[13:47] Now what after this? We go on the strategy that what Before that, we see some more charts. Let's see some more old charts because now we can see

[14:03] that the price is going down. Now let's go to the charts. I We go to a stock. You can say any stock. There are lines, So for example, we do the same thing on the Tata Motors

[14:20] We will not do anything. We will not do anything on the third. We have to wait for the fourth candle.

[14:34] And what did you do the second one? You went to the low and plotted a line like this and waited.

[14:47] It has broken, but what did I tell you? You have to wait The low should break in This candle has broken and there is no confirmation on the

[15:04] So you have to go to trade at 10.15. But now a question comes from here. Many people are doing loss and that's why I want to guide

[15:20] option. We will show this and now I am going to tell you a If you had used that strategy, then what would have

[15:32] in this video. So how will we discuss both these scenarios? What do we do I will go to the strategy part.

[15:45] What do most of you do? Simply, either you buy call or if Now we are going to take an example here. We will go to the chart of bank nifty again.

[16:01] Because when we explained it to you here, then it was told negative, but it is also

[16:13] Then the market will go sideways like this. So now you need a strategy in which the market goes the market goes sideways, then also you make money.

[16:29] Now let's understand the strategy for this. If you want bank nifty, then you can take bank nifty from you will understand exactly what I am going to explain.

[16:43] So what are we going to do on bank nifty? If you are bullish, then you will make a bull put spread here. intraday.

[16:55] Definitely, because you are a beginner, you want to make You need to understand multiple things. If someone studies engineering to earn money, then he

[17:09] After that, he gets a job at the beginner level and then he watch a video and earn money from tomorrow. That is why it is important to understand things.

[17:24] Now see when we are simply bullish, we buy a call. So if the market stays there and if the day of expiry is over, then you will definitely have a complete loss.

[17:36] loss means if you see that I am trading in bank nifty, I am If the market goes up, then I will get money. expiry, then you can assume that if it is expiry and it is

[17:53] showing you that there is a break even after half a percent has increased, meaning that the market has increased by Money will be zero.

[18:06] Its break even is very big, but if someone had told you here that if you make a spread, then your break even is What is negative in the sense that it did not go up, it

[18:21] Even then 0.4 means you assume about 180-200 points in bank If it goes down by 200 points, then also you will not have

[18:33] So see this, this is called a payoff chart. The blue line in this represents the same day and what you money will come on expiry.

[18:47] If the market stays here and there on expiry, then 2300 Even if it falls down a You will come out on expiry in some plus and if it goes up,

[18:59] trading with 5000 there, but there were chances of going to Here you can see that the margin needed is about 19000 rupees, but in this 19000 we know that 27% will go and 12%

[19:13] That is your choice. Now you are understanding the basic spread, so read about So now if you are bullish, then I have told you the bull

[19:26] call spread. fast with the put option. This is a new concept, but what happens in this is that as

[19:38] lose their value. So now I am going to show you how it seeing that the move has come.

[19:52] What happened on this day? Let's see this. So here it is Now you will do the same thing as we said, wait for 4 Now which was the highest in this, here it is, isn't it?

[20:07] And the low was also of the same candle, so we will go here And I am going to show you exactly here, you will

[20:20] So this is in second, now what do you see that you wait When the low broke, see what happened here. And in the next candle, let's go.

[20:33] So you got confirmation, as per the rule, you trade here. So you have been sideways all day.

[20:46] But if you make a spread, then your money comes. Means which day has this happened? Bank nifty expires on Wednesday.

[21:00] We go to nifty on the second day and do the same thing. This is our candle of 9.15. So we will go here and put a horizontal line here.

[21:18] And the low was definitely of this. That your high broke here. So on the second day, the day nifty expires.

[21:35] Thinking that I will get profit here. I am taking a little time. But the concept has to be cleared that you remember the

[21:49] But it makes a difference to me by giving value information. So now we are going to do its full back testing on options. I have taken the expiry of the second day on the opstra.

[22:04] And we keep the payoff of the second day only. What time did you get confirmation? And we are assuming that at this time, The auto-render

[22:17] But it was positive. And the price action is also positive. And your entry came at 11.30.

[22:31] I will go at 11.30. It came at 11.30 and opened the option chain here.

[22:43] You simply go to add the money and you buy this call option. Now see, Now see, I am going straight to 3.30 and I am telling you

[22:58] So here the max loss is showing you that 10,750 rupees You are getting some money, 2000 has come. See at 2 o'clock, you are losing 4000.

[23:12] And now we will come to 3.15. And by 3.15, your max loss was almost lost. And you did not make money.

[23:25] Many things are such that you get incomplete knowledge. basis of price action. So along with direction identification, strategy becomes

[23:41] Now what did I tell you, if you want to play fast, Now when we make bull put spread, So simply what happens, So if you make bull put spread, So where there is a market,

[23:56] And you buy the option of out of the money. Let's delete this. Now see what you can do.

[24:10] Now I will tell you that if you sell OTM, your safety will So if we want to identify the right direction, You can make it according to the strategy builder.

[24:24] I sell the same 10 slots. So I bought this. Now let's see what happens by 3.30.

[24:40] coming, 700 rupees were coming. Here you are losing 600 rupees. You are getting about the same here.

[24:55] Although the market has not gone up. But because you made a spread,

[25:07] Your loss would have been small. Then the whole money will be zero. I hope you understood the strategy.

[25:21] So you can go back and test this strategy. You can also do back testing like I have just used. What you have also learned.

[25:35] Many times you will see good moves. We are at 9.30 on this candle. Look at this.

[25:48] This is low for us. But if you have a spread, Now many people may have more questions here.

[26:03] What to do if it goes up and comes down completely. It is important for you to understand a little price action. That it will work 6 times out of 10.

[26:18] And for that you have to use data too. Dynamic in the sense. That it is going up and down suddenly.

[26:31] Many times you see such moves. That the market is sideways. Has become very frequent in the market.

[26:45] The credit spread I told you. You can't have unlimited loss. So I would like to recommend new people.

[26:59] Then you can do algo based trading. Like I will give the link of algo rooms in the description. In nifty, bank nifty, fin nifty.

[27:12] In fact, they have readymade strategies too. You can do their back testing. Then how much money would I make.

[27:24] You click on back test. That how much profit would I get in a year. What is the profit and loss streak.

[27:37] And here only 7000 came. The strategy can give profit for 11 days continuously.

[27:49] You can alter this strategy. And you can change anything according to you. When I leave.

[28:01] In this way, you can make some changes in the strategy. That what was the result of this now. So you get to see all these things.

[28:15] For example, you think I will make a strategy. I think I am an RSI based. By using all these.

[28:30] And simply back test that strategy. Then see here is the option of paper trading. We want a video on paper trading.

[28:45] You can set your profit and loss in advance. Automatically trading will happen. So in this way.

[28:58] Link is also in the description and pen comment. First of all, we talked about price action based. This is valid in stocks.

[29:12] But its reliability is not like this. The operator is also very smart. So you have to take special care of your risk management.

[29:24] Which is if you are bullish, then bull put spread. The third thing we understood. With which you will have more help in trade identification.

[29:37] If you have any strategy. You want to do back testing, forward testing. So all these things can help you a lot as a new beginner.

[29:53] If you have any questions, you can ask in the comments. share this video so that maximum people get this valuable and I am feeling very good.

[30:08] Demat account, then you can go and open your Demat account In fact, many brokers are giving the option of referral Links are in the description and pinned comment.

[30:22] Till then you go self made and Jai Hind.