Nifty Analysis After the trades on Friday, I modified my stance to 100% bearish. What other boon could I ask for when we had the opening 5mts better than expected? “The first target to take out will be the recent swing low of 19296. The next support comes at 19190.’ As soon as 19300 was…
This book is a compilation of 183 days of daily-journal for trades conducted on bank-nifty index. Bank nifty is a stock market index that tracks the share prices of the major banks in India. 10 best banks together account for 97.37% weightage on banknifty index. And the top 6 banks account for a whopping 88.67%…
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 comes with a defined max profit & max loss. We will also discuss and evaluate how to handle the max loss via…
Nifty50 Analysis The first 5mts candle today had a swing range of 0.34% ~ 66pts but this did not drive up the OTM premiums. The majority of traders have forgotten what fear was like. India VIX was up 2 to 3% then and still in the 11.5 range. The complacency has gotten into the traders…
Nifty Weekly Analysis Between the last expiry day and today, Nifty has managed to rise 152pts ~ 0.78% which is a good sign for the bulls. This flattish phase was much required after Nifty picked up a direction from 21st July. The technical analysis points to a trend continuation possibility and should be good for…
Nifty Analysis Yesterday we went with a 60% Neutral and 40% bearish stance for today. What happened from open till 13.15 — was in perfect harmony & as per the script. But the intraday rally of 177pts ~ 0.91% was totally shocking! I was unprepared, unplanned and must say ran into losses today because of my bias….
FinNifty Weekly Analysis Between the last expiry and today, CNXFINANCE has fallen 219pts ~ 1.08%. The majority of the fall came on 02 and 03 Aug after which we have seen a recovery of 1.9% from the lows. FinNifty Today Analysis If you look at today’s 5mts chart, it was a steady upward moving market…
Nifty Analysis On Friday 4th Aug Nifty made a gap up opening and created an island day. We had changed the stance from bearish to neutral. And today nifty managed to build-up momentum on top of what happened on Friday, to me — that’s bullish. After opening gap, nifty managed to stay above the 19530 level quite…
Nifty50 Analysis For 2 consecutive days the bears had a good time and now it is over! Today’s price action and the inability of the sellers to push down the prices indicate the bulls are gaining traction. Most analysts would prefer to watch for 1 to 2 more days before changing the bearish bias — I would…
Nifty Weekly Analysis We lost 373pts ~ 1.89% between the last expiry day and today. Usually Nifty ends up compensating the loss by dip-buying. For the first time in many weeks — the dip buying is not that intense and that may open up more cuts in the coming weeks. Our stock market in specific has been…
