How I Find the Best Intraday Index Option Trades in Nifty?

Hello Traders!
Intraday index option trading, especially in Nifty, BankNifty, and FinNifty, offers huge opportunities — but only if you know where to look. Many traders get stuck in random trades with no direction or clarity. So today, I’m sharing my personal step-by-step process to filter high-probability intraday trades using logic, price action, and data — not guesswork.

Step-by-Step Process to Find the Best Trades

• Step 1: Pre-Market Range Marking
  Mark the previous day’s high, low, close, and CPR levels. These zones are crucial for early directional bias.
  
  
• Step 2: First 15-Min Candle Clue
  Watch how the first 15-min candle forms. Break above/below with strong volume? Possible breakout trade setup. Inside range? Wait for confirmation.
  
  
• Step 3: Track OI Changes in Live Market
  Monitor real-time Open Interest build-up and shift on strikes near current price. If PE buildup rises and price sustains, it’s bullish. CE buildup with resistance? Bearish.
  
  
• Step 4: Volume + Price Confirmation
  Enter only when volume supports the breakout or reversal — especially around key levels like VWAP, PDH, PDL, or CPR.
  
  
• Step 5: Entry, SL & TargetEntry: After confirmation candle (e.g., bullish engulfing above resistance)
  
  SL: Below the candle or technical level (not random)
  
  Target: Based on next resistance/support or 1:2 RR minimum
  

Bonus Tips for Index Option Trading

• Avoid Mid-Day Chop: The best trades usually come between 9:30–11:30 AM or post 1:30 PM.
  
  
• Avoid Buying Options in Low VIX: Use ATM options when VIX is low. Go slightly OTM only if momentum is strong.
  
  
• Always Respect Trend Days: Don’t fight the trend. Use 5min + 15min structure to confirm bias.
  

Rahul’s Tip
Don’t chase price. Let it come to your level, show volume + structure, and then strike with confidence. Smart intraday trading is about planning, not reacting.

Conclusion
The key to finding great intraday index trades is structure + confirmation. Avoid impulsive trades, rely on price action, OI data, and volume analysis, and execute with proper risk management. That’s how consistent profits are built — not on luck, but logic.

Do you have a personal rule for selecting intraday index trades? Let’s share and grow together in the comments!