Nifty Analysis — Stance Neutral ➡️ Recap from yesterday: “For tomorrow we wish to start the day with a neutral stance and look for bullish opportunities as soon as it reaches for the 22519 levels.” Another flat day, but the options premiums were not behaving as usual. The blame may be on VIX as the premiums were…
Nifty Analysis — Stance Neutral ➡️ Recap from yesterday: “Our stance for tomorrow is bullish and since these are all games of probabilities we reserve the right to be wrong as would like to keep the 21826 area as a good stop loss.” Just when we thought things were swinging in our favor, Nifty took a U-turn…
Nifty Analysis — Stance Neutral ➡️ Recap from yesterday: “The last 3 candles almost gave away the clue that bearishness was ending. We would still like to see how Nifty will open tomorrow. Ideally, it should open above 21698 i.e. within the channel to cement the idea that Bears are thrown out of control.” 4mts chart Open…
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…
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…
