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Start Learning → Browse All Articles →Sensex option recommendations vary widely in quality. Use this scorecard to grade the reasoning, risk and timing of each one before you place any order.
Sensex option recommendations deserve a grade before they deserve an order. A recommendation is only a claim, and claims can be measured. This article gives you a simple scorecard with six lines. Score each recommendation as it arrives, keep the marks, and let the totals guide how much weight a sender earns. The method is slow at first, yet it saves real money.
Gut feeling about sensex option recommendations is shaped by the last result. After a win, every message looks wise. After a loss, every message looks careless. Neither mood tells you anything about the sender, because one trade cannot separate skill from luck.
A scorecard replaces mood with a fixed set of questions. You ask the same questions each time, whatever the outcome. Over weeks, the marks show a pattern that individual results hide. That pattern is the honest signal.
Keep the card short. Six lines can be scored in a minute, whereas a long form gets abandoned by the second day. Simplicity is what makes the habit last.
Print it or keep it in a note. The physical act of scoring slows you down just enough to think before you trade.
However, the scorecard is not a machine. It supports judgement rather than replacing it. Because you assign the marks yourself, be consistent, and write short notes beside any mark you find hard to give. Those notes become useful reminders when you review the pattern later.
Give a full mark if the message states why the idea exists. Reasons might be a level holding, a position build-up, or a volatility shift. Give half a mark for vague reasons, and none for silence.
Reasons matter because they can be checked. If the sender says a level is important, you can open the chart and see. A claim without a reason asks for faith, and faith is a poor foundation for a leveraged trade.
Our guide to reading the option chain helps you verify the most common kind of reason, which is a concentration of open interest at a strike.
Be strict. Words like strong, bullish and momentum are adjectives, not reasons.
For example, a message that says the index looks strong near a level earns little, while one that says a close above the level with rising participation supports the idea earns much more. The difference is checkability, and checkability is what the first line measures.
Every recommendation should carry its own exit. Score a full mark when the message names a level or condition that cancels the idea. Without it, you hold an opinion that can never fail, which means it can never teach.
Watch for hedged exits such as around this zone or near support. They sound careful but give you no clear moment to act. A real exit can be checked by anyone looking at the same screen.
Read why every recommendation needs a stop loss for the fuller argument. The point is simple: an idea without an exit is a wish.
Mark down heavily if the exit is missing on a recommendation that carries large size.
In addition, a sensible exit protects the sender as much as you. It shows the idea was thought through before the entry, so the outcome cannot be rewritten afterwards. Therefore, treat a missing exit as a sign of weak process rather than an innocent omission.
A good view can fail through a bad contract. If the idea needs several days but the message picks a strike that expires tomorrow, time decay will beat the view. Score a full mark when contract and horizon agree.
Check the strike as well. A far strike is cheap but needs a large move. A near strike costs more yet responds better. Neither is wrong, although the choice should match the story told in the message.
Our article on in, at and out of the money options covers the trade-offs that drive this line.
Mismatches here are common, and they quietly explain many unexplained losses.
Moreover, the horizon should be stated. A one-session idea and a three-session idea need different contracts, so the message should say which it is. When it does not, ask before acting, since guessing the horizon is a common cause of decay losses.
Score how close the entry zone was to the live price at arrival. A message that lands with room to act earns a full mark. One that arrives after the move earns none, whatever the eventual result.
Note the timestamp and the live price. After a month, the gaps show whether the delivery channel is fast enough. Slow delivery is a structural flaw that no amount of good analysis can repair.
Timing also covers the session. Ideas sent during the last minutes of the day leave no space to manage the trade, so they deserve a lower score.
Also, compare the timestamp with the last candle, not with the clock alone. A message can arrive on time yet describe a move that finished minutes earlier. Such messages score low here, because the entry they describe is already gone when you read them.
A responsible message reminds you that size is your decision. It may suggest a small share of the account, or ask you to skip the idea if the loss at the exit is too large for you.
Score down messages that dwell only on upside. Excited language about possible gains, with no word about loss, is a habit of sales copy, not of research. Balanced messages describe both sides.
See the risk reward ratio for a simple way to test whether the stated exit and target make sense together.
Honesty about risk is rare enough to be worth extra credit.
Still, do not punish a sender for candour. Messages that say the setup is weaker than usual, so keep size small, deserve extra credit. Honest caution builds trust, whereas relentless confidence usually signals a sender who is selling rather than analysing.
The final line looks at follow-up. Did the sender report the result, admit a failure, or mention a revised level? Give a full mark for clear closure and none for a quiet disappearance.
Follow-up is the best predictor of long-term trust. Senders who close the loop on losers are usually honest about winners too. Those who hide losers tend to exaggerate the rest.
Add this mark at the end of the day. It cannot be scored earlier, so the card stays open until the trade is over.
Together the six lines give a total. Keep totals in a simple table.
Because of this, review the closure line first when time is short. It is the cheapest line to check and the most revealing. A sender who closes every loop clearly is probably careful about the other five lines as well, which speeds up your overall verdict.
After a few weeks, average the totals for each sender. Low averages with good results suggest luck. High averages with poor results suggest a sound process meeting hard conditions, which usually recovers.
Compare senders side by side. The scorecard makes an odd pattern visible, such as one desk scoring high on reasoning but low on timing. That tells you exactly what to raise in a conversation.
Resist the urge to reward a hot streak. A week of gains with a poor score means the process did not earn them, and the process is what repeats.
Save your cards. They are a private record no sender can edit.
Finally, use the totals to set your own trade size. A sender with high, stable scores can earn a normal position from you. A sender with erratic scores should only get a small trial size until the marks improve, however impressive the recent gains look.
Expiry week changes the weights. Time decay dominates, spreads widen, and small errors cost more. Raise the importance of the contract and timing lines, and lower the tolerance for loose exits.
Our note on what happens at expiry explains the mechanics behind the extra care. A recommendation that ignores the calendar should lose points.
Many traders tighten the rules in this week, taking fewer trades at smaller size. The scorecard supports that habit by making weak ideas obvious.
Adjust the card rather than the standard. The bar should stay high.
Similarly, event days deserve a separate column. Policy meetings and budget announcements move the index sharply, and even well-reasoned sensex option recommendations can fail on such days. Note the event next to the score, so the failure is not blamed on the wrong cause.
Aim for a few dozen, spread across calm and busy sessions. A smaller sample can mislead, because a lucky or unlucky week is easy to mistake for skill.
There is no magic number, since the marks are for comparison. Look for steady scores across weeks and a sender who improves when you raise concerns.
Yes. The method works for any source. In fact, free messages often need it most, because nobody is accountable for them.