The reason why I mentioned trade today is one should enjoy trading intraday.
Don't guess tomorrow - Price is a subset of EVENT/NEWS + VOLUME, so we are not certain about the News/Events that flows into markets.
So keep guessing about tomorrow disturbs our sleep and peace of mind.
If you are trading in F&O, World's renowned statistician Steidlmayer mentioned...
As discussed yesterday , Bank Nifty showed a big trend day with low around our levels of 17988 and high around 19150. Put sellers made tons of money , call buyers were not left behind and trend day helped buyers to make a small fortune with 4x.
I updated at 9:30 to inner circle that 8427 is the only resistance and 8709 comes in afternoon.
Hello Fellow Traders,
Today, We have witnessed a huge gap up opening.
Tool has indicated a SHORT, as per the current volume and price action.
Disclaimer: Take it with a pinch of Salt!https://www.tradingview.com/x/fbmMm0P5/?_ga=2.124699721.274675635.1585912998-1284663287.1575558195NSE:BANKNIFTY
This tool can be used for Analysis , of Identifying SUPPORT and Resistance based in FIBONACCI Calculation . The default Pivots points provides with brokers only show 3 levels of support and resistance . But this tool includes 6 levels of resistance and support .Along with CPR .
I have customized this tool to work NSE bank nifty index, and have includes a floating...
As discussed live on social media platforms India VIX crashed below 60 taking out OTM options big time. Writers made tons of money without much effort. Calls crashed by 70-80% and puts also went down 30% from morning high so options sellers made money irrespective of direction.
Support for the day
Resistance for the day...
Trade Plan 07 Apr 20 onwards for VEDL @ 62.85
Looking forward and expecting VEDL to hold the levels and rise higher with target around 72.55
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Dhiraj Singh Bais
Warrior @ Battle field
Get the best out of market with free trading...
ITC is at 177.10 as on 03 Apr 20, as the price action(CORRECTIVE) and pattern (BEAR FLAG) suggest, ITC is at end of wave ((4))/Y/(4)
The stock seems weak and lower levels can be expected if R1-R2 held. One push towards R1 which is at 184.90 can be used for covering long.
Possibly we can see 160-144 levels soon
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’...
NIFTY 07 Apr 20 onwards
The traditional chart pattern ”HEAD & SHOULDER” which I identified and published on 28 Mar 20 for Nifty the target given was of 563 odd points, presently Nifty is at its final leg down and just short of 70 odd points to complete the pattern.
Published view on 28 Mar...
Here's a question that stands out in everyone's mind :
Will nifty take support and pullback?
If the answer is "YES", then how much pullback will on nifty?
The Supportline of the channel is already followed the 4 times.
Before the answer this Question we have analyzed deeply GAP theory.
Gaps appear more frequently on daily charts, where every day is an...
Events and reaction:
coronavirus infection in China
co-relationship of global markets
Technically, the channel is strong and support is at 10945 and 10740.
I've also added TimeCycle to find date of reversal.
WITHOUT UNDERSTANDING BUYING VS SELLING IT WILL BE VERY HARD TO PREDICT THE LARGE MOVES EARLY
Even if you not traded any Option strategy - The Time Decay on the expiry day helps you to win.
I am not telling something new here, you have to understand how the Underlying volume is distributed among the UPTICK and DOWN TICK
Selling pressure continued in Bank Nifty?...