As discussed yesterday we had a big trend day with Bank nifty going down around 1000 pts one way. It was not before 3 pm ramp where itm calls went 3-4 times. I updated the same on social media platforms at 2:55 PM that we are going to witness etf ramp at 3 pm. 8200 PE went 0 , 8300 PE halved in 5 minutes. 18100 CE went 5x.
As discussed few hours back on social media platforms that crashing vix is field day for option sellers. Our inner circle traders minting money selling otm puts and calls since morning. Bank Nifty made a high of 19466 against our level of 19424.
Tip for option buyers - I updated y'day that high premiums will bite dust and only chance will be on expiry day where...
As discussed on Friday social media updates , that locals closing the week with long straddles which resulted into good option writing whole day. Any OTM strike went down irrespective of direction.
Tip for Buy side traders : Truncated week and high premiums itm options will not allow you to make money. Wait for expiry when options go cheap , then get into a 5x...
As discussed yesterday Bank Nifty hit 21000 opening itself and came back down to find support at decision range, where it found bids again and went up giving good profits to put sellers. We sold 18000 PE and gained around 30%. Nothing much was offered today as Nifty revolved around 8732 keeping markets in range for the day as anticipated yesterday.
As discussed yesterday , bank nifty broke our resistance and went to hit a high of 20409. Mid day selling gave another opportunity to put sellers and traders made tons of money selling 18000-19000 pe and 8300-8500 pe. All went 0 and traders went to bank without much efforts tripling capital in no time.
Support for the day
As discussed on social media platforms 16952 gave support to bank nifty after 10:30. 200k Bids appeared from FII desk immediately which were destined to fill the auction gap of 18785. Our traders went into action immediately and managed 280% - 400% in 2 hours flat. Bank Nifty hit a high of 18740. We booked and left the day with good profits. All trades were also...
As discussed Bank Nifty made a high right at our resistance levels of 17853 and low right at our levels of 16133. Our traders made 315% and left the terminal even before people realised that bank nifty has made a move of more than 3000 its in a span of 3.5 hours. Overall , tons of money made today
Support for the day
As discussed 17308 gave support to bank nifty till mid day. Break of support took bank nifty down almost by 1000 pts. 17100 PE was only available which went from 650 odd to 1300 odd. Not many bought but some made money. Call sellers did ok. However , FII have closed the day with excess 35k offers and it's unusual that they didn't closed it out at close. These...
As discussed Bank Nifty Broke resistance after tea samosa break and went up almost 1000 pts where traders made good money. Calls were all more than double and everyone went home early.
Resistance for the day
Support for the day
Initial weakness to be bought , might show good move post mid day
As discussed on social media platforms , Bank Nifty found support at our level of 18804 , and went on to hit 21000+ staging a good rally. Our 8300 CE , 20600 CE went 4-20x depending where you bought. Option sellers made a killing today with huge put premiums taken down to ground which I have been advocating from last 2 days that these premiums are not sustainable...
As discussed on social media Bank Nifty hit high right near our resistance and went on to break crucial support at 21620 made a low at 20267. Auction mismatch at 2:30 pm was updated as I saw 80k excess offers at 20700. Bank Nifty rallied around 700-750 pts into close where people made good money.
Dow update : Dow as we all are witnessing is sliding down like...
As discussed live on social media platforms , I updated 23418 is bank nifty resistance and only a miracle can take it above those levels. Failure of resistance will lead to sharp selling up to 22292. I also advised retail to abstain from buying options because premiums being very high are likely to decay in coming sessions. Seller straddles have been shared with...
As discussed yesterday , high volatility in markets have increased options premiums to very high levels. It is not possible for buyers to make money in such environment with taking some serious risk 2 days ahead of expiry.
Market hit a high of 24000 near morning and I had made a note that 24000+ is distant level for now and 23677 was our shorting point where...
Crude after the saudi news has now consolidated and showing some volatility for traders.
Resistance for MCX Crude
Upper range to stay near 2700-2800 for the week.
Real time trades can be obtained from me via social media platforms
As discussed live Nifty started the day with limit down but 8995 break paved the way for 10000 Nifty as discussed on social media platforms. These are violent times and such moves come just by chance.
There's auction gap at 9384 which I indicated but there's nothing to show greatness amidst these maniac moves because mathematical probabilities and real life...
As discussed yesterday Bank Nifty opened below 26000 breaking support on opening tick so there was no hope of any recovery during the day. Only trades possible in such kind of violent market are bull straddles which are going up in no time. It's not the beauty of straddles but high VIX which is making 12-15% trade into 50-100% within hours.
Note : A piece of...
As discussed yesterday Bank Nifty did support the lows but it could not take off in last hour beyond 26800 against our expectations of 27000. Premium decay was only order of the day, therefore we got into in the money 26000 CE and traders made some money besides some scalping here and there.
Support for the day
As discussed live Bank Nifty found support just under 26000 which might also mark a yearly low or near about +- 300 points.
As we can see immense negativity all around the globe, lot of traders have asked me where can this mayhem end because even if you try shorting a vix of 30-40 you are bound to get knocked down.
I know I can be proved wrong next week but I...