183 days of Post-mortem on Bank Nifty: Daily Analysis & Chart Reading in Simple English
This book is a compilation of 183 days of daily-journal for trades conducted on bank-nifty index. Bank nifty is a stock market index that tracks the share prices of the major banks in India.
10 best banks together account for 97.37% weightage on banknifty index. And the top 6 banks account for a whopping 88.67% weightage. See more details at NSE website
India’s economic system is heavily dependent on banks unlike the developed countries like US & Europe. Even though our country has listed agriculture, industries & services sector as the top GDP contributors — it’s actually facilitated by financing.
According to me the real tick in India’s economy can be monitored with a higher perfection if we track the Nifty-Bank index rather than Nifty50 (which houses 50 top companies in India). The truth is financials account for 38% weight on Nifty50.
I trade on bank-nifty options almost every single day. 95% of the trades are intraday with no particular intention to carry forward overnight. So I started maintaining a daily journal to record the trades I took and the rationale behind them.
After a while I was finding it difficult to keep track of this offline journal — so I thought to publish the same on a blog. Since I am not a SEBI registered analyst I cannot & should not give a false trade recommendation. Hence I have tweaked my report to be a “Post-Mortem” rather than a prediction.
My attempt is to logically reason why & how something happened in the day. An explanation in simple language & depicted via markers on charts, candle sticks etc.
I am also careful enough not to expose my directional bias that may otherwise lure traders get into positional trades. Options trading has a high probability of running into losses if we lose focus. So the strategies are explained after the day has ended for educational purpose only.
This book is a collection of 183 days of trades that happened between 4th July 2023 to 29th March 2023. 29th March marked the end of weekly, monthly & FY22–23 series. As you are aware the expiries of a series happens on every Thursday. Since 30th March fell on a holiday, the expiry was on 29th. And that’s why it makes sense not to include 31st March’s report in this volume.
On 2 or 3 days in September i was unable to create the journal as i was travelling. For the rest of the days i have spent close to 30 to 40mts per day in creating & publishing the report.
So approximately 120+ hours has been spent in creating the analysis & report in addition to the 6 to 7 hours spent daily in reading the charts. The daily reports are published at
Since this is my first attempt to create an eBook, the current version is approx. 600 pages long. Going forward I will compile the eBook once every quarter — which will be easier to read. This book is priced at Rs99 — which means you will have to spend approx. 50 paisa per day’s report.
I hope this book will serve as a reference point for your educational journey into Indian stock markets — especially on bank nifty. Since the chart patterns of each & every day is recorded in the report — it may also help you to look up for data when back-testing.
The full book can be purchased at Rs99 @