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…
If you just saw the open & close price of bank nifty, you would have missed the real drama of the day. A perfect day for the straddlers — but i am 100% confident none of the traders would have held onto their position till close to realize the full profits. Must admit there was no trend…
Bears would have been happy today seeing the supports getting broken, i am quite sure the level of shorts in CE options taken to capitalize on the fall we had today. 46500 CE was traded for 1,45,47,750 volume ~ 1.45 crore. This is the farthest away strike in the weekly series. I would say its…
Promising price action today if you are bearish. The double top M pattern on the hourly time frame did its job quite nicely today. (Thank god it worked) But seriously what happened today is no reflection to the handout from US markets. SPX was down 1.85% over night & our Nifty50 is only 1% down….
Interesting moves by bank nifty today, the closing statement from my yesterday’s report said. I personally would like to wait for the range to be broken decisively before changing my bearish bias. Got lucky with the analysis yesterday as banknifty was consistently proving me wrong in this calendar month so far. But i am sure…
Simply unexplainable moves by bank nifty from 13.50 today. From the traders fraternity i saw few group of traders planning for long trades — they got immensely rewarded. For some reason i was keeping by bearish bias & hence ended the day quite unsatisfactorily. Overnight we had a dip in SPX -1.53%, DJI -1.72%, NDQ -1.22% — seriously i…
Once again the perfect day for the straddlers, open & close almost at the same level ! But for every other trader, it was a tough day to plan. Gap up opening & hitting the resistance by 09.45. The 30mts of move would have changed everyone bias to the long side. That was 1% ~ 429pts…
Well the day did not go as planned for me, if you have read my yesterday’s report you might be cursing me by now. I was pretty bearish, atleast that was what the 1hr chart told me. So when bank nifty opened gap up at 40671 i thought the first resistance at 40698 will hold….
Today’s expiry was totally different, something i havent seen for many weeks. Mainly the premiums were dead low coupled with directional move that came very late in the day. Traders who got into straddles & exited by the noon would have made handful today, but people like me who depend on volatility as entry criteria…
Bank nifty price action is getting exciting day by day, TradingView has opened up this feature called as Minds (with the call out icon) — its like a running commentary we can do while the trades are taking place. Let me explain few pointers posted in the TV minds & why it made sense then. Bank nifty…
