Nifty stance Bearish 🐻 My trading signal gave a reversal today at 10:19 AM; see the red arrow, which indicates we are now bearish. The last long signal yielded a decent 614 points, ~ 2.47%. Trading this week was really hectic; on every particular day, we opened gap up only to lose away the gains…
Nifty Stance Bearish 🐻 Last week, we had gone long at 24616 when the EMAs had a positive cross; things were looking pretty awesome back then. In fact, everything was okay till yesterday 11th June, and we were on track to go for 25400 when the news broke out that Israel may take on Iran….
Nifty Stance Bearish ⬇ Before I start the postmortem weekly analysis, I am so glad to inform you that my book “How to join the top 1% options traders club, from starting out to profitable trading” is now available online as well as in leading bookstores. If you manage to find a copy, do send…
Nifty Stance Neutral ➡ After last week’s rout, I had gone long on the index. Now when I look back, it was a poor decision to make. The reasons for going long was mostly because of the price action on the 5th of December when we had that humungous rally. This week we had an…
Nifty Stance Neutral ➡ This week was really terrible for me, not only did it wipe out my November, but it took out the October gains as well. Well, I do not blame the market for that, it was all on my overconfidence. Never ever thought the state elections would play the role of big…
Nifty Stance Bearish ️⬇️ On a week-to-week basis, Nifty only dropped 81 points, but the real reason I am still bearish is because the pullback we had on the 9th was not powerful enough to take out the last swing low. You can also notice the 50 EMA crossing the 200 EMA from top to…
Nifty Analysis — Stance Bullish ⬆️ Recap from yesterday: “The good thing for the bulls was the fall ended at 10.27, for the remainder of the day we went into a small range bound trade. The final close was flat at -0.08%.” We started today right at the resistance level of 22295 and then started falling. We…
Nifty Analysis — Stance Neutral ➡️ Recap from yesterday: “On the 63mts TF, the bearishness continues. The next target of 21913 is still in our watchlist and if we fall below that — the real action begins.” The day took me by surprise, not with the inline opening and a 248pts ~ 1.12% downward fall, but the reversal of…
Nifty Analysis — Stance Bearish⬇️ Recap from yesterday: “On the higher timeframe, N50 has made a massive double top, see the black dotted line. If it materializes, it could even be a real shocker to the bulls out there. Just like we discussed this week, if 21913 is getting taken out, the inverse H&S pattern will get…
Nifty Analysis — Stance Neutral ➡️ Recap from yesterday: “For tomorrow, we wish to maintain the bullish stance, but the first test would be the ATH which would otherwise act as a triple top. The moment we get past that, I could remove the M pattern drawn for the period 05 to 12th April.” Nifty hit a…
