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Swapnil Kommawar: @kommawarswapnil

This document discusses a simple options buying strategy using the Volume Weighted Average Price (VWAP) indicator on intraday charts. The strategy involves comparing call and put option charts of the same strike price to determine if the market is trending up or down. On up trending days, VWAP will act as support in call option charts and resistance in put option charts of the same strike. The document provides examples of how VWAP acted as support in Nifty call option charts during an up trending day. It recommends taking entry when price moves above VWAP and using a stop loss if price closes below VWAP.

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204 views14 pages

Swapnil Kommawar: @kommawarswapnil

This document discusses a simple options buying strategy using the Volume Weighted Average Price (VWAP) indicator on intraday charts. The strategy involves comparing call and put option charts of the same strike price to determine if the market is trending up or down. On up trending days, VWAP will act as support in call option charts and resistance in put option charts of the same strike. The document provides examples of how VWAP acted as support in Nifty call option charts during an up trending day. It recommends taking entry when price moves above VWAP and using a stop loss if price closes below VWAP.

Uploaded by

Kkrkumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Swapnil Kommawar

@KommawarSwapnil

11 Tweets • 2022-08-01 13:45:03 UTC •  See on Twitter


rattibha.com 

Trending Day Simple Option Buying Strategy

A thread about SIMPLE OPTION BUYING


STRATEGY USING VWAP

A Thread

Generally, VWAP is used to know the strength in a


buying or selling. VWAP means VOLUME
WEIGHTED AVERAGE PIRCE

when price starts rising it would be pulled back to


VWAP line. Then buyers would again rush in to buy
the stock taking it to price higher
If we compare the CALL and PUT charts, we can
identify the correct entry. On trending days VWAP
acts as support/resistance

If market is trending UPSIDE, VWAP acts as


support in CALL option charts of ATM STRIKES
and same VWAP acts as RESISTANCE in PUT
option charts of ATM STRIKES

compare the charts of CALLS and PUTS attached


here to get an overall idea. This is a simple strategy
that most don’t use

Today was this kind of day. Use VWAP on 5


minutes chart on OPTION CHARTS
17000 CE, 17050 CE, 17100 CE, 17150 CE charts
17200 CE, 17250 CE, 17300 CE, 17350 CE
17400 CE, 17500 CE.
in all charts VWAP was acting as SUPPORT
In the same way, If we look at the CHART OF PUTS
of NIFTY, VWAP was acting as RESISTANCE at the
same time.
17500 PE, 17450 PE, 17400 PE, 17350 PE charts for
understanding
17300 PE, 17250 PE, 17200 PE, 17150 PE
Just swipe the images attached, then we can clearly
understand how exactly same VWAP is acting on
different charts.
STOP LOSS can be, when a FULL CANDLE open
and closes below VWAP.

We can take reentry only once in a day when price


goes above VWAP again

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