Nifty Analysis Recap from yesterday: I wish to go with a full bullish stance tomorrow wherein 19584 has to be taken out in the first 2 hours and the final close should be above 19600. Although the price action looked as a continuation from yesterday — it did not have enough firepower to break the recent swing…
Yesterday we discussed the flexibility of making money on all 3 directional moves:- UP DOWN FLAT The 2nd reason why people trade options is because of Leverage. i.e. you can handle more share quantity with less money. For example: HDFC Bank is trading at: Rs1450, to buy 550 shares you need to spend 550×1450 =…
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….
Bank nifty opened at 41236 below the resistance level of 41312 & made a real green bullish candle. A move of 206pts in the first 5mts itself. This did not last and the gain was given up by 09.50 wherein the support level was broken conclusively. There was a test at this SR level, price…
There was a fall of 306pts ~ 0.7% between 14.40 to 15.20, even then banknifty does not appear as negative as Nifty50 after today’s session. The options traded on banknifty CE side was really commendable, but nothing like Nifty50 CE strikes. In the same comparison period N50 only fell 0.61% but the preceding price action…
I am sure most of the traders would be surprised with the kind of bullish price action we saw after 10am. Since SPX closed -1.58%, NDQ -1.89% yesterday — most of them including me expected Nifty50 and banknifty to close in deep red today. The gap down opening at 42559 was perfectly at the support level and…
