Used different time frame. never worked 1/5/10/30 min charts in day trading with options. I request for time frame with best technical indicator to trade in nifty option.
In fact you should not be trading options based on charts. Options should be traded based on your expectations on -
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Directional move in the underlying
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Rate of change of momentum
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Volatility of the underlying
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Time to expiry
We have just started discussing Options in Zerodha Varsity - Check this - http://zerodha.com/varsity/module/option-theory/
Sir
1/2. in my thinking , directional move can be measured using chart. and same Rate of change of momentum
3… Volatility of the underlying - required lot of time to learn that.( flown overhead).
4… .It is ok… never have time to calculate such things in day trading…
The answer is flown over my head…
The link shows still in progress… eagerly waiting.
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Yes, but dont use the ‘Options’ chart for 1 & 2…I would suggest you use the underlying’s chart. Work in progress - this means we are adding chapters 1 by 1. As of now we have added 3 chapters.