You might have heard the experts say “Trade with a stop loss”, “Define your target profits” etc. When you trade stocks, it is quite difficult to set the profit targets & the stop loss simultaneously. Options trading solves that! If your research says go bullish, then we can deploy a strategy called Bullish Debit Spread….
Nifty Weekly Expiry Analysis Between the last expiry and today, N50 has gained 94pts ~ 0.45%. Most importantly we hit a new ATH of 21593 this week and also saw a massive RED candle yesterday. However, N50 was able to defend its fall quite well today. The next week should be full of action as…
Nifty Analysis Recap from yesterday: “On the 1hr chart, I wish to maintain the neutral stance until we break out or break down. Since we are near the resistance level, the probability of breaking out could be higher. That does not mean we jump the gun and take the trade early — patience is gold” Nifty got…
Nifty Analysis Recap from yesterday: “On the 1hr pattern, the first thing I would like to do is change my stance from bullish to neutral. We have broken the 19776 support today and well above the 19446 zone. For Monday I wish to go with the neutral trades only and go short if we fall…
Nifty Analysis Recap from yesterday: ”For tomorrow I wish to continue my bullish stance if 19776 support is respected. If that breaks in the morning session, I would like to change my stance to neutral. If 19671 level breaks in the forenoon session — I would definitely go short as we may fall below the double-top formation.”…
Nifty Analysis Recap from yesterday: I wish to stay with the moderately bullish stance for tomorrow as well. Since I am holding a long position my personal preference would be to close above 20167. We had a good positive day today, the start itself was right at the swing high of yesterday and we built…
Finally some volatility to keep the bears alive. This entire week the technical analysis was saying keep buying. See how a fundamental change can alter the sentiment. The MSCI news hit just before the start of the day and HDFCBK and HDFC were down 5% in pre-open. The biggest loser was Finnifty index compared to…
Writing about what happened today is one thing, being alive as a trader after watching each 5mts candle — priceless! After what happened today, I am almost 100% certain that my report will not holistically include all the information there is. Let me still try! Gap up opening at 41115 above the resistance level 40868, till 12.15…
Take a look at the chart below, 5mts TF its a perfect continuation from yesterday — we broke the 1st support at 09.40 and 2nd support at 13.15 in the single leg. And then we had a retracement back to the SR level (yellow dotted lines) and final close there. So what do we infer from the…
When i said i was bearish yesterday, a drop of 32pts was not what i was referring to. Bank nifty held its head high almost the entire day, only the 15.10 candle shows some signs of weakness & a minor break of support. I was literally unable to take any trades today such was the…
