Important Points To Trade on Budget day
Important Points To Trade on Budget day:-
1. For option buyers, only trade in Finnifty because tomorrow is Finnifty’s weekly expiry and premiums will be lower than others, resulting in lower risk.
2. Don’t take any trades before 12:00 PM, as mornings on Budget days usually have low volatility due to uncertainty.
3. The Finance Minister’s speech typically starts between 11:30 AM and 12:30 PM.
4. For option buyers, the 12:30 PM 15-minute candle is important.
5. On Budget days after 1:00 PM, when momentum starts, the 15-minute lows and highs usually stay protected, so you can trail your Stoploss on the 15-minute candle.
6. If you take a position in option buying after 1:00 PM, do not hold your trade if any 15-minute candle’s low or high breaks after a directional move. There is a high chance of reversal when this happens.
7. Expect trade reversals between 1:00 PM and 2:00 PM.
1. For option buyers, only trade in Finnifty because tomorrow is Finnifty’s weekly expiry and premiums will be lower than others, resulting in lower risk.
2. Don’t take any trades before 12:00 PM, as mornings on Budget days usually have low volatility due to uncertainty.
3. The Finance Minister’s speech typically starts between 11:30 AM and 12:30 PM.
4. For option buyers, the 12:30 PM 15-minute candle is important.
5. On Budget days after 1:00 PM, when momentum starts, the 15-minute lows and highs usually stay protected, so you can trail your Stoploss on the 15-minute candle.
6. If you take a position in option buying after 1:00 PM, do not hold your trade if any 15-minute candle’s low or high breaks after a directional move. There is a high chance of reversal when this happens.
7. Expect trade reversals between 1:00 PM and 2:00 PM.
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