diff --git a/docs/enhanced-cache-usage.md b/docs/enhanced-cache-usage.md
new file mode 100644
index 0000000..c01a13f
--- /dev/null
+++ b/docs/enhanced-cache-usage.md
@@ -0,0 +1,148 @@
+# Enhanced Cache Provider Usage
+
+The Redis cache provider now supports advanced TTL handling and conditional operations.
+
+## Basic Usage (Backward Compatible)
+
+```typescript
+import { RedisCache } from '@stock-bot/cache';
+
+const cache = new RedisCache({
+  keyPrefix: 'trading:',
+  defaultTTL: 3600 // 1 hour
+});
+
+// Simple set with TTL (old way - still works)
+await cache.set('user:123', userData, 1800); // 30 minutes
+
+// Simple get
+const user = await cache.get<UserData>('user:123');
+```
+
+## Enhanced Set Options
+
+```typescript
+// Preserve existing TTL when updating
+await cache.set('user:123', updatedUserData, { preserveTTL: true });
+
+// Only set if key exists (update operation)
+const oldValue = await cache.set('user:123', newData, { 
+  onlyIfExists: true, 
+  getOldValue: true 
+});
+
+// Only set if key doesn't exist (create operation)
+await cache.set('user:456', newUser, { 
+  onlyIfNotExists: true,
+  ttl: 7200 // 2 hours
+});
+
+// Get old value when setting new one
+const previousData = await cache.set('session:abc', sessionData, { 
+  getOldValue: true,
+  ttl: 1800
+});
+```
+
+## Convenience Methods
+
+```typescript
+// Update value preserving TTL
+await cache.update('user:123', updatedUserData);
+
+// Set only if exists
+const updated = await cache.setIfExists('user:123', newData, 3600);
+
+// Set only if not exists (returns true if created)
+const created = await cache.setIfNotExists('user:456', userData);
+
+// Replace existing key with new TTL
+const oldData = await cache.replace('user:123', newData, 7200);
+
+// Atomic field updates
+await cache.updateField('counter:views', (current) => (current || 0) + 1);
+
+await cache.updateField('user:123', (user) => ({
+  ...user,
+  lastSeen: new Date().toISOString(),
+  loginCount: (user?.loginCount || 0) + 1
+}));
+```
+
+## Stock Bot Use Cases
+
+### 1. Rate Limiting
+```typescript
+// Only create rate limit if not exists
+const rateLimited = await cache.setIfNotExists(
+  `ratelimit:${userId}:${endpoint}`, 
+  { count: 1, resetTime: Date.now() + 60000 },
+  60 // 1 minute
+);
+
+if (!rateLimited) {
+  // Increment existing counter
+  await cache.updateField(`ratelimit:${userId}:${endpoint}`, (data) => ({
+    ...data,
+    count: data.count + 1
+  }));
+}
+```
+
+### 2. Session Management
+```typescript
+// Update session data without changing expiration
+await cache.update(`session:${sessionId}`, {
+  ...sessionData,
+  lastActivity: Date.now()
+});
+```
+
+### 3. Cache Warming
+```typescript
+// Only update existing cached data, don't create new entries
+const warmed = await cache.setIfExists(`stock:${symbol}:price`, latestPrice);
+if (warmed) {
+  console.log(`Warmed cache for ${symbol}`);
+}
+```
+
+### 4. Atomic Counters
+```typescript
+// Thread-safe counter increments
+await cache.updateField('metrics:api:calls', (count) => (count || 0) + 1);
+await cache.updateField('metrics:errors:500', (count) => (count || 0) + 1);
+```
+
+### 5. TTL Preservation for Frequently Updated Data
+```typescript
+// Keep original expiration when updating frequently changing data
+await cache.set(`portfolio:${userId}:positions`, positions, { preserveTTL: true });
+```
+
+## Error Handling
+
+The cache provider includes robust error handling:
+
+```typescript
+try {
+  await cache.set('key', value);
+} catch (error) {
+  // Errors are logged and fallback values returned
+  // The cache operations are non-blocking
+}
+
+// Check cache health
+const isHealthy = await cache.health();
+
+// Wait for cache to be ready
+await cache.waitForReady(10000); // 10 second timeout
+```
+
+## Performance Benefits
+
+1. **Atomic Operations**: `updateField` uses Lua scripts to prevent race conditions
+2. **TTL Preservation**: Avoids unnecessary TTL resets on updates
+3. **Conditional Operations**: Reduces network round trips
+4. **Shared Connections**: Efficient connection pooling
+5. **Error Recovery**: Graceful degradation when Redis is unavailable
diff --git a/libs/cache/src/redis-cache.ts b/libs/cache/src/redis-cache.ts
index b4ed4c0..12cb206 100644
--- a/libs/cache/src/redis-cache.ts
+++ b/libs/cache/src/redis-cache.ts
@@ -144,17 +144,92 @@ export class RedisCache implements CacheProvider {
     );
   }
 
-  async set<T>(key: string, value: T, ttl?: number): Promise<void> {
-    await this.safeExecute(
+  async set<T>(key: string, value: T, options?: number | {
+    ttl?: number;
+    preserveTTL?: boolean;
+    onlyIfExists?: boolean;
+    onlyIfNotExists?: boolean;
+    getOldValue?: boolean;
+  }): Promise<T | null> {
+    return this.safeExecute(
       async () => {
         const fullKey = this.getKey(key);
-        const expiry = ttl ?? this.defaultTTL;
         const serialized = typeof value === 'string' ? value : JSON.stringify(value);
         
-        await this.redis.setex(fullKey, expiry, serialized);
-        this.logger.debug('Cache set', { key, ttl: expiry });
+        // Handle backward compatibility - if options is a number, treat as TTL
+        const config = typeof options === 'number' ? { ttl: options } : (options || {});
+        
+        let oldValue: T | null = null;
+        
+        // Get old value if requested
+        if (config.getOldValue) {
+          const existingValue = await this.redis.get(fullKey);
+          if (existingValue !== null) {
+            try {
+              oldValue = JSON.parse(existingValue) as T;
+            } catch {
+              oldValue = existingValue as unknown as T;
+            }
+          }
+        }
+        
+        // Handle preserveTTL logic
+        if (config.preserveTTL) {
+          const currentTTL = await this.redis.ttl(fullKey);
+          
+          if (currentTTL === -2) {
+            // Key doesn't exist
+            if (config.onlyIfExists) {
+              this.logger.debug('Set skipped - key does not exist and onlyIfExists is true', { key });
+              return oldValue;
+            }
+            // Set with default or specified TTL
+            const ttl = config.ttl ?? this.defaultTTL;
+            await this.redis.setex(fullKey, ttl, serialized);
+            this.logger.debug('Cache set with new TTL (key did not exist)', { key, ttl });
+          } else if (currentTTL === -1) {
+            // Key exists but has no expiry - preserve the no-expiry state
+            await this.redis.set(fullKey, serialized);
+            this.logger.debug('Cache set preserving no-expiry', { key });
+          } else {
+            // Key exists with TTL - preserve it
+            await this.redis.setex(fullKey, currentTTL, serialized);
+            this.logger.debug('Cache set preserving existing TTL', { key, ttl: currentTTL });
+          }
+        } else {
+          // Standard set logic with conditional operations
+          if (config.onlyIfExists && config.onlyIfNotExists) {
+            throw new Error('Cannot specify both onlyIfExists and onlyIfNotExists');
+          }
+          
+          if (config.onlyIfExists) {
+            // Only set if key exists (XX flag)
+            const ttl = config.ttl ?? this.defaultTTL;
+            const result = await this.redis.set(fullKey, serialized, 'EX', ttl, 'XX');
+            if (result === null) {
+              this.logger.debug('Set skipped - key does not exist', { key });
+              return oldValue;
+            }
+          } else if (config.onlyIfNotExists) {
+            // Only set if key doesn't exist (NX flag)
+            const ttl = config.ttl ?? this.defaultTTL;
+            const result = await this.redis.set(fullKey, serialized, 'EX', ttl, 'NX');
+            if (result === null) {
+              this.logger.debug('Set skipped - key already exists', { key });
+              return oldValue;
+            }
+          } else {
+            // Standard set
+            const ttl = config.ttl ?? this.defaultTTL;
+            await this.redis.setex(fullKey, ttl, serialized);
+          }
+          
+          this.logger.debug('Cache set', { key, ttl: config.ttl ?? this.defaultTTL });
+        }
+        
+        return oldValue;
       },
-      undefined,
+      null,
       'set'
     );
   }
@@ -251,4 +326,79 @@ export class RedisCache implements CacheProvider {
     
     return ready;
   }
+
+  // Enhanced convenience methods
+  async update<T>(key: string, value: T): Promise<T | null> {
+    return this.set(key, value, { preserveTTL: true, getOldValue: true });
+  }
+
+  async setIfExists<T>(key: string, value: T, ttl?: number): Promise<boolean> {
+    const result = await this.set(key, value, { ttl, onlyIfExists: true });
+    return result !== null || await this.exists(key);
+  }
+
+  async setIfNotExists<T>(key: string, value: T, ttl?: number): Promise<boolean> {
+    const oldValue = await this.set(key, value, { ttl, onlyIfNotExists: true, getOldValue: true });
+    return oldValue === null; // Returns true if key didn't exist before
+  }
+
+  async replace<T>(key: string, value: T, ttl?: number): Promise<T | null> {
+    return this.set(key, value, { ttl, onlyIfExists: true, getOldValue: true });
+  }
+
+  // Atomic update with transformation
+  async updateField<T>(key: string, updater: (current: T | null) => T, ttl?: number): Promise<T | null> {
+    return this.safeExecute(
+      async () => {
+        const fullKey = this.getKey(key);
+        
+        // Use Lua script for atomic read-modify-write
+        const luaScript = `
+          local key = KEYS[1]
+          
+          -- Get current value and TTL
+          local current_value = redis.call('GET', key)
+          local current_ttl = redis.call('TTL', key)
+          
+          -- Return current value for processing
+          return {current_value, current_ttl}
+        `;
+        
+        const [currentValue, currentTTL] = await this.redis.eval(
+          luaScript, 
+          1, 
+          fullKey
+        ) as [string | null, number];
+        
+        // Parse current value
+        let parsed: T | null = null;
+        if (currentValue !== null) {
+          try {
+            parsed = JSON.parse(currentValue) as T;
+          } catch {
+            parsed = currentValue as unknown as T;
+          }
+        }
+        
+        // Apply updater function
+        const newValue = updater(parsed);
+        
+        // Set the new value with appropriate TTL logic
+        if (ttl !== undefined) {
+          // Use specified TTL
+          await this.set(key, newValue, ttl);
+        } else if (currentTTL === -2) {
+          // Key didn't exist, use default TTL
+          await this.set(key, newValue);
+        } else {
+          // Preserve existing TTL
+          await this.set(key, newValue, { preserveTTL: true });
+        }
+        
+        return parsed;
+      },
+      null,
+      'updateField'
+    );
+  }
 }
diff --git a/libs/cache/src/types.ts b/libs/cache/src/types.ts
index bfebc10..9e9060c 100644
--- a/libs/cache/src/types.ts
+++ b/libs/cache/src/types.ts
@@ -1,6 +1,12 @@
 export interface CacheProvider {
   get<T>(key: string): Promise<T | null>;
-  set<T>(key: string, value: T, ttl?: number): Promise<void>;
+  set<T>(key: string, value: T, options?: number | {
+    ttl?: number;
+    preserveTTL?: boolean;
+    onlyIfExists?: boolean;
+    onlyIfNotExists?: boolean;
+    getOldValue?: boolean;
+  }): Promise<T | null>;
   del(key: string): Promise<void>;
   exists(key: string): Promise<boolean>;
   clear(): Promise<void>;
@@ -18,6 +24,31 @@ export interface CacheProvider {
    * Check if the cache is currently ready
    */
   isReady(): boolean;
+
+  // Enhanced cache methods
+  /**
+   * Update value preserving existing TTL
+   */
+  update?<T>(key: string, value: T): Promise<T | null>;
+  
+  /**
+   * Set value only if key exists
+   */
+  setIfExists?<T>(key: string, value: T, ttl?: number): Promise<boolean>;
+  
+  /**
+   * Set value only if key doesn't exist
+   */
+  setIfNotExists?<T>(key: string, value: T, ttl?: number): Promise<boolean>;
+  
+  /**
+   * Replace existing key's value and TTL
+   */
+  replace?<T>(key: string, value: T, ttl?: number): Promise<T | null>;
+    /**
+   * Atomically update field with transformation function
+   */
+  updateField?<T>(key: string, updater: (current: T | null) => T, ttl?: number): Promise<T | null>;
 }
 
 export interface CacheOptions {