Before You Trade: Must-Follow Intraday Steps
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This intraday trading checklist is a step-by-step guide to help traders stay focused and make informed decisions. It includes marking key price levels like the previous day’s OHLC, checking market volatility using India VIX, analyzing option pricing with IV Percentile, and identifying strong support/resistance zones through Open Interest data. It also focuses on tracking live sentiment using 3-minute OI changes, understanding market structure with Market Profile levels (VAH, VAL, POC), and using core indicators like 21 EMA, RSI, ADX, and VWAP for confirmation. By following this checklist daily, traders can reduce emotional trading and improve accuracy with clear direction and confidence.
📋 Intraday Trading Checklist – Table Format
| Checklist Item | Purpose | How to Use |
|---|---|---|
| 1. Previous Day OHLC | Mark key support/resistance zones |
Price respecting OHLC = possible reversal Price breaking OHLC with volume = trend continuation |
| 2. India VIX (Volatility Index) | Measure expected volatility |
High VIX = Wide SL, more swings – avoid overleverage Low VIX = Rangebound market – suitable for scalping |
| 3. IV Percentile (IVP) | Identify option pricing condition |
IVP < 30% = Options are cheap – Buy options IVP 30–50% = Neutral zone IVP > 70% = Options are expensive – Sell if experienced |
| 4. 5-Day COI Zones | Find strong Support and Resistance |
Highest Call COI = Resistance Zone Highest Put COI = Support Zone |
| 5. 3-Min OI Change | Track real-time sentiment |
CE OI ↑ + Price ↓ = Bearish (Call writing) CE OI ↓ + Price ↑ = Bullish (Short covering) Confirm with PE OI for stronger bias |
| 6. Market Profile (VAH / VAL / POC) | Understand value areas |
Price above VAH = Bullish – Buy on dips Price below VAL = Bearish – Sell on rise Inside VAH–VAL = Range – Use scalping |
| 7. Chart Indicators | Confirm entry and trend strength |
21 EMA = Trend direction RSI = Entry/reversal signals ADX > 25 = Trend strength VWAP = Institutional mean price |
Trading Tip: Use this checklist every morning before entering trades. It reduces emotional decisions and helps you stay aligned with market structure and momentum.
Disclaimer: This is for educational use only. Trading in the stock market involves risk. Always manage your risk and seek professional advice if needed.
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