A little about me. I understood the stock markets practically first and then I learned the theoretical part. Usually, people do it the other way around — but for me, I did not have the option to learn the theory first as I had the fire in me to get the trades going. And when I got…
Bank nifty opened at 41236 below the resistance level of 41312 & made a real green bullish candle. A move of 206pts in the first 5mts itself. This did not last and the gain was given up by 09.50 wherein the support level was broken conclusively. There was a test at this SR level, price…
I will be slightly modifying the daily postmortem journal to include 5 major sections Price action of bank nifty index Price action of the 6 major components in bank nifty The option strategy that would have worked today Comparison of BankNifty vs SPX (S&P500 US index) 15mts & 1hr TF of Bank nifty to view…
Banknifty opened gap up at 41513 much above the final resistance level of 41312. The first candle was a huge bearish one with its close breaking the support level. I seriously expected the further candles also to be bearish as the tone set was bearish. But what followed was quick recovery ie from 09.20 to…
We just had a 1hr of trade today — Muhurat Trading as part of Diwali 2022 ie from 18.15 to 19.15. Bank nifty opened gap up at 41348 just above the resistance level of 41312 made a confusing kinda kindle the first 5mts. The wicks were very long as well as the body — so the momentum was hard…
For a developed economy like the US, Europe, or Japan — the GDP numbers & the tax collections would indicate how much they have advanced every quarter, every year. But for a country like India — GDP, GST & Inflation data are just statistics. It cannot explain with certainty if we are progressing or regressing. Let us try to…
Bank nifty opened gap up at 40370 almost midway between the support & resistance levels. The opening 15mts indicated the direction is towards upside (3 good green candles) and we were not disappointed. Usually BN makes fake move in the opening minutes — but today’s strength was quite strong. #AXISBANK had announced good results & this was…
Bank nifty opened gap down at 40149 almost at the support level and then continued to trade downwards. Looking at the first 15mts of trade i thought we would see a giant red daily candle — but that did not happen. The selling got arrested 39887 level even before the 2nd level of support reached. This may…
Bank nifty opened gap up at 40556 and tried very hard to go up, even though it tried for the first 18 candles — BN was unable to just rally. This may be due to exhaustion after few days of rally. Or maybe the fresh longs are waiting on the sidelines for another trigger. From 10.40 to…
Bank nifty opened gap up at 40252 much above the resistance level of 40154. The first candle was bearish, so was the price action till 09.35. But the support level of 40154 held quite strong and there was an immediate bounce. The green candle at 09.40 almost took back the bearishness of the preceding 3…
