Bigbear2022

Bigbear2022

As discussed 3680 gave support to crude till US session and broke in equity sell off. With global volatility to continue for 48-72 hours more , I have suggested to buy 3800 CE at lower levels , target is updated live as 144. Support for the day 3557 Resistance for the day 3692 Expectation I am expecting high range bound volatility over next 24-48 hours and a...

Bigbear2022 Updated 

As asked by many Indian and overseas traders about Dow Jones. I updated live on social media platforms that a big bear hammer is going to strike dow jones in this week. As I post dow jones is trading = 27410 with a low at 27402. Support for dow = 27219-27402 Expectation Low hit today evening or early morning tomorrow , range bound session could continue for...

Bigbear2022

As discussed Bank Nifty made a low near our support level of 30348 and rebounded hard in an otherwise uneventful day. Range bound day with nothing much to mention. We bought 30800 CE @ 95 sold off at 120-125 , sold 30500 PE @ 270 , covered at 175. All trades were given live in social media platforms Decision range 30444-30472 Support for the day 30306...

Bigbear2022

As discussed live Crude hit a low around $ 50.45 in US session. We went short with 3700 pe at 48 and booked profit at 132. Put went on to hit a high of 160+. Support for the day 3680 Resistance for the day 3761 Expectation Pull back underway , 3761 might get tested My trade I'll try to buy 3800 CE at support Real time update I'll update whenever I get...

Bigbear2022

As discussed Bank Nifty broke 30733 and then hell broke loose in last hour. I updated live on thursday to Buy 30800 PE which went up 250%. Positional Nifty puts also went up 200%. Overall , a day which belonged to positional players , typical of bear markets where positional players make lot of money unlike day traders. Decision range 30495-30561 Support for...

Bigbear2022

As discussed live 30980 break induced selling into close which propelled 31000 pe from 20 odd to 80 odd in 10 minutes. I updated the trade live , which looked risky to many and opportunity for others , so risk takers made money. 31000 CE went 0 which we sold at 90 and slept over. Overall , good day for those who took risk in an otherwise uneventful day. Decision...

Bigbear2022

As discussed market opened near 30941 resistance and fell down below up to 30600 , finding some bids and closing mid way. Overall volatile day with most of the trading occurred around 30800 futures. Whether this was distribution or accumulation will be known from opening tomorrow. Decision range 30768-30820 Resistance for the day 30985 Support for the day...

Bigbear2022

As discussed live Bank Nifty broke 31363 and I promised a nice evening for everyone , which indeed turned out to be one. Call buyers strike gold at close with 30500 CE going from 95 odd to 230 odd. Overall , one of those days where sentiment and screen were opposite. Screen was screaming buy but volatility was not allowing buyers to go long. Decision Range...

Bigbear2022

As discussed Bank Nifty made a high around our level of 30940 and low around our support of 30602. However volatility occurred in first 30 min avoiding us to take positions in opening range. We tried to take positions at lower end but futures auction kept happening around lower range avoiding any buyer to lift the auction price. Money making opportunity is not...

Bigbear2022

As discussed Bank NIfty made a high 31486 against our projection of 31411. It broke decision range and I updated live that all hell will break loose below 31286. It did and call sellers and put buyers made good money. Overall everyone made tons of money all day. Decision Range 30934-31096 Support for the day 30602 Resistance for the day 31259 Expectations...

Bigbear2022

As discussed Bank Nifty opened right at resistance and broke support of the day quite easily. 31300 PE hit 100+ 31400 PE hit 200+ , anyone who shorted today via futures, options made good money. Put buyers broke the cycle of misfortune today and made tons of money. Decision range 31291-31411 Support for the day 31057 Resistance for the day 31520...

Bigbear2022

As discussed Bank Nifty broke resistance for the day in first 5 min and traded above 31466 for most part of the day. It made a top around 31588 but low volumes at higher prices pushed it back near resistance for the day. I updated live on social media platforms that 31466 is a safe level for those who are long. However, very small range occurred with call sellers...

Bigbear2022

As discussed Bank Nifty opened above resistance for the day , only to find resistance against our extended resistance level of 31509. Bank Nifty hit top tick at 31505 and kept sliding whole day to close near day low. I updated live on social media platforms to go short at 31505 as 31509 will not be taken out today. Call sellers made good money , futures traders...

Bigbear2022

As discussed Bank Nifty made a low of 30957 against our support of 30960 which was updated live on social media platforms. Day was choppy and option buyers were not able to make much money. Day belonged to call sellers , most of the calls went down by 50-60% and sellers made good money. Decision Range 31067-31102 Support for the day 30926 Resistance for...

Bigbear2022

As discussed Bank Nifty was unable to cross our resistance level by mid day closing at lower end of decision range. Going short at open and covering around lower decision range gave neat profits of 40% to put buyers , however the day belonged to option sellers who sold on decision range extremes to make some hefty money all day. I updated live that Bank Nifty not...

Bigbear2022

As discussed Market found resistance at 31143 against our level and found good selling and formed a low around 30917. I updated live to book profits and don't go in heavy on expiry days. We got in 31000 PE around 70 and sold off at 142. Thereafter market broke the resistance of 31162 and made a high of 31470 before coming down in last hour turning 31400 and 31300...

Bigbear2022

As discussed 30913 gave was resistance for bank nifty where it sold off to reach a low around 30650. Thereafter later in the day resistance broke and bank nifty closed near day high. Overall great day for those who follow levels and not news. I had also issued an advisory on social media platforms that 30852 is the last fort for shorts today and thereafter market...

Bigbear2022

As discussed Bank Nifty opened above our resistance , we tried to short against it but were stopped out. We tried to short supply gap of 30560 but were stopped out again. Overall, it was one way up market till 11:30 and then it went no where for rest of the time and we had to book loss of 60 points in the day. An off day which I would call inevitable once a while...