Nifty Options Trading with Volume Profile, Open Interest!

Nifty volume profile shows big players activity both from positional and intraday perspective. 

Options Trading with Open Interest and Volume profile is one of the classic way to trade. 

Nifty hourly Volume profile - 

Nifty Keltner Channel 15 minutes chart

Nifty Volume profile measure volume taking place at that price point which is different than the volume taking place on a specific day. The chart shows both cumulative volume and intraday volume.

Cumulative Volume profile – shows accumulation near 24350 levels which recorded highest volume. This is the area where big players created their positions. Post that we can clearly see sharp rise on upside.

Session Volume profile – this is intraday volumes and can be seen along with candlestick chart. As can be seen highest volume on 16^th August took place near 24595 (Fut) levels. This shows that traders are creating fresh positions around this level. Now a break above resistance near 24650 spot will suggest resumption of up move towards the upper target level of 24830 (fut).

Options Trading combining this information with Keltner channel and KST – By knowing the activity of traders it becomes easy to trade Options. Keltner channel breakout happened on 16^th August and KST entered into positive zone. This was again a classic confirmation for the traders to enter right along with big players.

In a nutshell, Options Trading by understanding volumes along with Keltner channel and KST breakout technique can be a powerful trading strategy especially for Options buyer. Now that huge volume occurrence on intraday near current levels has happened, confirmation on Keltner channel directly on Options chart can provide reversal trade setup. 

BRAHMASTRA - Learn to Trade Stocks, Commodity or Options by combining these techniques of Volume profile, Open Interest profile, Time cycles along with Neo wave in Brahmastra (Mentorship) with lifetime association. Know more