AI Summary
The video discusses a rare 'zero-hero' option expiration event on the Sensex, where an option price surged from Rs. 10 to Rs. 600 in about 20 minutes. The presenter shares personal trading experiences, analyzes Nifty levels and charts, and provides technical analysis for future trading decisions.
Chapters
A rare event where an option bought at a small price on expiration day skyrockets. Today, a Sensex option reached Rs. 600 from Rs. 10 in about 20 minutes, yielding massive returns.
The presenter tried this strategy about 10 times, succeeding 9 times but losing capital once. It's popular among low-capital traders, but risky.
Identified two levels in Nifty: 24712 and another. A scalping opportunity at a level led to gains, with a spike attributed to US-Iran peace news.
Sees limited upside, expects a fake bullish move. Trend line liquidity suggests a forward move after price takes it out, possibly a reversal.
Recommends using the Gift Nifty index futures chart on TradingView for accurate levels, as the normal Nifty chart may not show them.
Notes a double bottom forming, but warns against blindly following textbook patterns. Liquidity is forming below, with key levels at 24606 and 24425.
If reversal occurs and price goes above 24986, expects Nifty to go up. Order block from the fall indicates direction.
The video provides a mix of a rare trading event and technical analysis, emphasizing the importance of using the right charts and levels for trading decisions.
Mentioned in this Video
Study Flashcards (5)
What is a zero-hero option expiration?
easy
Click to reveal answer
What is a zero-hero option expiration?
A rare event where an option bought at a small price on expiration day skyrockets in value.
00:01
What was the price surge in the Sensex option mentioned?
easy
Click to reveal answer
What was the price surge in the Sensex option mentioned?
From Rs. 10 to Rs. 600 in about 20 minutes.
00:30
What is the recommended chart for accurate Nifty levels?
medium
Click to reveal answer
What is the recommended chart for accurate Nifty levels?
Gift Nifty index futures chart on TradingView.
03:42
What are the key support levels mentioned for Nifty?
medium
Click to reveal answer
What are the key support levels mentioned for Nifty?
24606 and 24425.
05:08
What level does the presenter expect Nifty to go above for an upside?
medium
Click to reveal answer
What level does the presenter expect Nifty to go above for an upside?
24986.
05:24
💡 Key Takeaways
Option price surge
Illustrates the extreme potential of zero-hero trades.
00:30Scalping opportunity
Shows practical application of level-based trading.
01:39Chart recommendation
Highlights the importance of using the right chart for accurate analysis.
03:42Double bottom caution
Warns against blindly following textbook patterns.
04:38Full Transcript
[00:01] ? more than an event that happens when we buy an option at a small price on the day of option expiration and . Well, it's incredibly rare for this kind of situation to happen,
[00:16] happened today. So today, if we look at an option on the Sensex, an option that I was watching. If we look at this option, the
[00:30] reached Rs. 600. So just think about it, this blast happened in about 20 Suppose you are buying this for Rs. 10 and selling it for Rs. 600. 600.
[00:44] there. So this is what we actually call zero-hero option expiration. It is a method that goes from zero to hero. Okay, so I would I think most people who try this are those with low capital. I've
[00:59] tried this program a few times since I started trading. So I think if I did it 10 times, I would be fine nine times. Then its capital will go. But sometimes it can
[01:11] be a hit. But I do don't know how many people saw it. For me, this . I was standing about 10k above
[01:23] . And then I ended up at about minus one. . I my entire profit was taken on this one bullish candle.
[01:39] So, if we talk about Nifty, there has So this is the candle we talked about the other day, so I had said that there are only two levels inside this, the first level is 24712,
[01:53] look at it in the morning, it is a small movement, so this is what we so if I had scalped there, I had made about we look at it in the evening, that is, after 2 and a half,
[02:06] happens. So if we look at the four-hour chart, it is a small spike. Namukt, let me is a small spike. Namukt, let me spike happens here. We had said that we would get a
[02:19] good scalping opportunity at that level, I had said that we would get a good scalping opportunity. If you look exactly, it is touching, coming down, touching, been used by many people. Many people have sent me messages.
[02:32] In addition, when we last had a small US Iran Peace Stock, etc. There was an incident in the news, maybe that's why there was a single spike. Okay, almost all the gain was
[02:46] tell me in the comment box. We call it a lottery. Those who got it, how many people got it. This is what level we need to look at is this level because
[03:00] the price is now closed below that level.
[03:16] look at what we are saying now, I don't see much chance of going up here, which is a fake bullish move. It touches that In addition, we have a trend line. Liquidity has
[03:30] had said the other day that when the trend line liquidity forms, a forward move occurs after the price takes it out. In case you want to come here and a reversal like this can happen. So
[03:42] you can look at this chart. This is not the chart of the normal Nifty, this is the chart of the index futures of the Nifty. Because the levels I am talking about are called our normal this is the chart of the normal Nifty. So it is
[03:57] trading view and search for gift Nifty index future. things. So the levels I just said, that is, sometimes these things cannot be seen if you look at our major chart now.
[04:11] See, we are standing there. This downward movement has not happened yet because this market will close at around 3:30. But our futures market is on, so we are
[04:23] taking the support of the candlestick that is correct, and we everyone should shift to this chart. If chart you should look at. Okay, if we look here, a double bottom has
[04:38] studied in your textbook that after a double bottom, the market will go up. But I never take the opposite direction after seeing a double bottom .
[04:52] forming here, a liquidity is forming here. So, I have to Anyway, let's see, shall we? The levels below will be the major ones for us this level, okay, there is liquidity below here, 24606,
[05:08] and last is this level, 24,425, okay, so we leave it here and the reversal comes and goes above this level, 24,986, I expect it to go up, that is, I expect the
[05:24] Nifty to go up. look exactly, the order block that we have come from, that is, from where the fall its direction, that is, if we
[05:37] say on Nifty. If you have any doubts, you can tell us in the comment box or if you want the levels fixed, you just need to come to the Telegram channel and I will put it in there, okay.