As discussed Bank Nifty made a morning low and struggled near 30030 for whole day giving ample chances to make money on both sides. All live trades were posted in social media channels and everyone made tons of money. Decision Range 29866-29973 Support for the day 29732 Resistance for the day 30220 Expectation Initial Range , some selling in afternoon My...
I was asked by around 50 traders to post my views on February month expiry levels because lot of retail is trapped in 31000-32000 CE. I have run my mathematical model which has predicted a maximum of 30400 for next 8-10 days and a minimum of around 28800. There's a big support around 29500 which should give good money to buyers of around 300-400 points. ::...
As discussed budget session was bone breaking for small retailers trying to buy out all day. I updated live that 30850 is not taken out , warned Nifty not breaking 12028 and longs should get out as quickly as possible. Bank Nifty broke 30330 in mid day and there was no coming back all day. Overall , we had light positions in 12000 and 11900 Put and did well....
As discussed Bank Nifty broke our resistance at opening tick , tried to break out but failed due to supply gaps from yesterday. Bank Nifty broke 30864 and within 10 minutes entered the decision range around 30690. We were the first ones to catch the bottom tick today and went long with 31100 CE around 325. Call made a low at 319 and flew to 420+ by mid day. Live...
As discussed Bank Nifty broke support for the day in opening tick and just made failed attempts to reach there till close but it proved to be strong resistance for whole day and market found support only near extended support of 30535. However upmove in last hour was pending before it took 30600 PE to 0 as we had anticipated on opening support near 30655. Market...
As discussed Bank Nifty gapped up hit resistance during mid day. It gave signs of a breakout but not confirmed by Nifty, because of which we had to book calls early midday around 31070. Thereafter mkt just hovered between resistance and support unabated. We tried a second trade in mid day where Bank Nifty tried to break into trend mode but our stop got triggered....
As discussed Bank Nifty hit resistance in first hour and fell to a low of 30822. 30500 PE went up from 52 to 95. A buy was triggered at 31880 and easily took 31100 CE from 118 to 178. Bank Nifty found resistance and broke down only to find support at our support level of 30683. All trades were updated live on social media platforms and everyone made tons of money....
As discussed Bank Nifty made a low of 30879 against our buy level of 30884 and made a high of 31375. Our level for the day was 31370 where we made around 450 points in Bank Nifty. Our social media platforms updated levels live and everyone doubled their stakes in no time. overall great day for everyone and nothing more pleasing when retailers make money in an...
As discussed Bank Nifty broke below easily below support as updated on social media platforms and crashed 400 pts in no time. Everyone made good money even by blindly taking our trade. Decision Range 30900-31019 Resistance for the day 31111 Support for the day 30690 Expectation Initial Range , sharp upmove in last hour My trade I'll try to short puts near...
As discussed and updated in social media platforms Bank Nifty broke decision range and close above 31000 despite every bad news. Anyways I updated in my social media platforms indicating 31000 + on cards and given jackpot call of 31000 ce too openly for everyone. Call of 8 rs went up to 99 within no time. Overall , I'm extremely pleased that everyone made money...
As I got lot of messages regarding expiry jackpot trade. I cannot say where bank nifty will expire like astrologers so I'm presenting game plan for tomorrow. Buying 30800 CE for a target of 200, cmp 112. If bank nifty remains range bound for first half price will come down to 40rs. Selling 30500 PE for a target of 0, cmp 40. If bank nifty remains weak for first...
As discussed Bank Nifty hit resistance in the morning and made day high. However we went long along decision range but mkt broke support and we had to book losses. Disappointing day for us as we shorted puts and booked losses. Anyways one off day for us , so no one made money from our side. Decision Range 30758-30869 Resistance for the day 31026 Support for...
As discussed today was a typical range day with market oscillating between support and decision range. I updated low at my channels to be 31870 odd and day high was around 31170. I would like to share a funny short story here , my friend Venkat who was present with me at my office is also a legendary chartist and Elliott wave practitioner told me that this range...
As discussed Bank Nifty came crashing down from our resistance levels , broke day support , broke extension support and closed at day low. I updated all this in my social media platforms, however I am dejected to see that some of you still trade on biases and buy calls or go long against my projection. So , you have nobody to blame except yourself. I would also...
As discussed Bank Nifty made day high near our resistance , broke decision range made day low around support. Overall call writers made hefty money and put buyers in morning made a killing. I updated my short entry and warned about day low being made near 31700 both on trading idea page and twitter handle. Those who would have seen it made big time money....
As discussed Bank Nifty opened below decision range and quickly broke the support turning into a trend day. Day low was made around 31670 , extension support was around 31662. Since many of you don't receive my updates in real time so I updated my idea at 31675 to cover shorts for the day, which I think some of you might have seen. Anyways good day for call...
As discussed Bank Nifty opened below decision range and remained below it whole day. We discussed about the support 32064 yesterday and it proved to be reference hinge for trading today. Overall very low range albeit good money for call writers. Some friends have sent a message that why market is not moving much and has very low range, eroding premiums very...
As discussed Bank Nifty made day high at our resistance level and day low near to decision low range. As market opened above decision range so going below decision range was out of question . Overall , good day for all call writers. Decision Range 32183-32204 Support for the day 32058 Resistance for the day 32308 Expectation Trend day , 32058 might be...