Firefighting a Short Iron Fly Strategy on Nifty50 on Expiry Day

This is also a range-bound strategy but has a higher reward-to-risk ratio which gives the trader the feeling of earning more per money spent. i.e. a feeling of higher ROI. Here you need to sell the PUT and CALL options for the ATM strike and then buy OTM PUTS and CALLS to limit the max…

01 Aug ’23 Post Mortem on Nifty & BankNifty | FinNifty weekly expiry analysis

FinNifty Analysis From the last expiry and today, Finnifty has fallen 197pts ~ 0.96%. We did hit an ATH of 20666 on 27th Jul and the same day we fell quite deeply. Today’s close is almost matching the intraday low set on that day. Today’s Analysis There was some interesting price action till 12.50 today — the…

31 Jul ’23 Post Mortem on Nifty & BankNifty | Sharp Reversal in Bearish Sentiments

Nifty50 Analysis It is almost safe to say that Nifty has crawled out of bear grip, on friday we did discuss the last 45mts that changed the game. Except for the first 5mts candle, rest of the play today was from the same script of Friday. The biggest mistake was to assume the first candle…

28 Jul ’23 Post Mortem on Nifty & BankNifty | Beautiful recovery in final 45mts to disappoint the…

Nifty Analysis The open was as expected and the first 2 candles made sense when we retouched yesterday’s swing low.But what followed after that was more of a discouragement for the bears. No matter how hard the bears try — they are unable to push down the prices. We had a gradual fall to the intraday low…

27 Jul ’23 Post Mortem on Nifty & BankNifty + Weekly & Monthly Analysis + Back to bearish mode? 🐻

Nifty Monthly Analysis Nifty is up 707pts ~ 3.73% this July Expiry month. The breakout from the last known resistance of 18880 came on the last working day of the previous month. All Nifty had to do was sustain that momentum and see where it has taken it? Almost for 11 days Nifty revised its…

26 Jul ’23 Post Mortem on Nifty & BankNifty | A trend reversal in store?

Nifty Analysis Today’s gap up opening and the race towards 19825 took out my stop loss. From last Friday we were short on Nifty, this stop loss hit proves to me that the bears are short lived in our market. Nifty50 went up 147pts ~ 0.75% from the prev. close enough to take out the…

24 Jul ’23 Post Mortem on Nifty & BankNifty | Bearish trend continuation for the 2nd day

Nifty Analysis I was quite happy to see the last 45 to 60mts of trade happening in the direction of the trend. For days unknown we used to have dip buyers who come in at 14.30 to 15.00 and then change the dynamics all together. If you notice we had a good downtrending pattern developing…

20 Jul ’23 Post Mortem on Nifty & BankNifty | Weekly Expiry Analysis | Nifty within kissing…

Nifty Weekly Analysis Nifty is up an impressive 526pts ~ 2.71% between the last expiry & today. This is by far the most impressive breakout by Nifty. From the last known resistance level of 18880, nifty is up 6.07% ~ 1142pts in a span of 3 weeks. Guess what? My analysis went deeply wrong this…

19 Jul ’23 Post Mortem on Nifty & BankNifty | 87pts surge in 45mts!

Nifty Analysis Today turned out to be a non-eventful day for me. Looking at the premiums yesterday, I came prepared to hunt for similar option prices. Unluckily the premiums did not have that wildly swings like yesterday. In the process I ended up not taking what was available 😢 We opened gap up today and…

18 Jul ’23 Post Mortem on Nifty & BankNifty + FinNifty Weekly Expiry Special

FinNifty Weekly Expiry We had a gap up open and the high was formed the first swing i.e. 20476.25 by 09.25, from there the momentum was lost & we started falling. There was a 1.19% fall between 11.15 to 12.20, then a brief recovery and then the selling continued. The options premium was elevated today,…