Relatively a quieter day with no major swings. The opening was a deep gap down at 42976 and we had a green first candle. Approx 142pts recovered in the opening 5mts. Ideally bank nifty has to be compared with Nifty50 to get some relativity. Bank nifty was more stable than Nifty today — Nifty kept on dropping…
Looking at the price action i had given a sell short call yesterday — read here I had to literally change the view looking at just the first candle. A mega green 5mts candle that took bank nifty 172+ points & above the swing high of yesterday. The rally did not stop until 11.05 creating a steady…
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…
Bank nifty as flat as it can be, opened gap up at 40540 and closed at 40561. If we ignore the 2nd & 3rd candle — the rest of the day was traded with stability & calm. For a moment i thought BN was planning to trend down when i saw the 2nd candle, but it was…
