This book is dedicated to all option traders who plan, test & trade on Nifty50, BankNifty, or FinNifty indices. We will discuss some safe positional strategies like the iron condor, credit/debit spreads that come with a defined max profit & max loss. We will also discuss and evaluate how to handle the max loss via…
Nifty bank has not fallen enough, we have not even scratched the surface yet. The pace at which global banks are going insolvent — the real fear has not hit India yet ! Traders, investors & public are just cool here, look at the India VIX — we are still at 16.29% compared with US VIX of 27.2% ~ it…
So today’s price action confirms the move that we had yesterday was not fake. How many traders & investors would have been trapped on the long side when the 41629 resistance broke out? The prevailing trend was bearish, but when an important resistance gave away, it would have prompted lot of buyers into action. And…
We had that resistance breakout today, a much awaited 41624 break. This makes the coming days exciting — most importantly tomorrow’s expiry Bank nifty opened inline at 41674 and made a series of red candles till 09.40, a fall of 0.52% and crucial 41624 SR rejection. From there it made steady gains to take out the SR…
