Professionally a Chartered Accountant (CA), he is one of the well respected and widely followed Derivatives experts of India. With his strong 18 years of experiences in the domain of capital market especially the Derivatives; his specialization is Data Interpretation, which involves quasi-statistical techniques and formal statistics that are used to determine the existence and strength of trends in the stock market and to identify turning points in these trends. He has positioned himself as “Head of Research – Derivatives” at SMC Global Securities Ltd. He is a regular speaker on the various news channels such as Zee Business and CNBC Awaaz. “Nifty ke Nisanebaaz”, “Nitin Ki PCR”, and “Nitin Option Wale” are much loved shows done by him by the investor audience. Also have several references in various National newspapers, Online business portals and Publications.
IN CONVERSATION WITH
Mr. Vivek Bajaj
The passion for data, analytics and technology is what makes Vivek Bajaj a financial market survivor. The journey as a market participant started in 2002 when the first trade was executed in the options contract of ITC. Life was simpler and easier during that time. Since then technology and Big data have taken over totally. As an early adapter to the complex tools, Kredent was formed to capitalise on the opportunities. He is co-founder of StockEdge and is committed to bring simplicity in the complex world of market data. He is a Chartered Accountant, Company Secretary and an MBA from IIM Indore. He is a part of various committees of exchanges and regulator and he has been an active contributor in the evolution of Indian Derivatives Market.
About this Face2Face:
In this video of the face2face series, we have with us Mr. Vivek Bajaj, co-founder, StockEdge, Elearnmarkets, in conversation with Mr. Nitin Murarka, who is presently working in SMC Globals. He completed his Chartered Accountancy in 2004 and then moved to Delhi to start working in a trading firm that deals in the global market, where he started learning about technical analysis. Then he joined SMC Global, where he is presently working for 16 years.
This video will focus on how to do intraday options trading combining options data and technical analysis. According to him, the accuracy of trading with this technique is more than 70% plus. For using this technique, a trader needs to focus on the options chain data and parameters like strike price, change in open interest and last traded price.
The video will start with Mr. Nitin Murarka introducing him and how he started his journey of trading in the financial markets. He also discusses that one of his first trades was in Google when Google got listed in the global market, and he had made a profit of 10 dollars. He will also talk about his learnings from Mr, DK Agarwal, who was his mentor and taught him technical analysis.
Then the speakers will get into a discussion about how to make profit in intraday trading using the option chain data and technical analysis. He will discuss the reason for emphasising the change in the open interest data of both the call and put side and how to analyse the options chain data of both calls and put side.
In the next part of the video, the speakers will discuss what price levels option traders should take entry in the direction of options data. They also discuss how the data before the US elections indicated bullishness in the stock market and how to plot the options data in a line graph and make support and resistance levels and apply other technical patterns in the same chart. Finally, they discuss that technical analysis is not only applied on the price charts but also to options data.
Finally, towards the end of the video, the speakers will discuss on combining the price charts with the options data chart and how to analyse the breakout and escape from the false breakout in the charts.
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