Step 01: Go to the ‘iDaddy Picks’ section on the LTP Calculator and select your desired stock.

Step 02: Open the option chain of that stock and match the following rules as described in the image: if you choose a stock from the bullish list, match it with the bullish column; if you choose a stock from the bearish list, match it with the bearish column. 

Step 03: If the stock is not fulfilling all the criteria, ignore that stock.

Step 04: If the stock fits our rules, then we will consider starting the trade. But where will we initiate the trade? We will initiate the trade from the Extensions. I know this is a new term for you, but I am here to teach you everything.

Step 05: If you are going to take a bullish trade, then you need to find the support. However, the market doesn’t reverse directly from support; it will reverse from few points below it. That extra point, from where the market will reverse, is called the extension of support. To get the value of the Extension of Support (EOS), you need to click on the volume of support. From this EOS, we will initiate the bullish trade.

If you are going to take a bearish trade, then you need to find the resistance. However, the market doesn’t reverse directly from resistance; it will reverse from few points above it. That extra point, from where the market will reverse, is called the extension of resistance. To get the value of the Extension of Resistance (EOR), you need to click on the volume of resistance. From this EOR, we will initiate the bearish trade.