Manuadarsh

Manuadarsh

Study purpose Entry, Exactly at that day NSDAQ also recovered look like got a perfect bottom fish.

Manuadarsh

start learning how to draw Elliot wave lets see how its going not sure if i draw right waves or not.

Manuadarsh

Banknifty Levels to watch out for tomorrow Above 43450- 43600 Below 43950-43850 If the market Open Fat will not take any trade in B/W 43100-43500 Range If the market Open Gap Up will wait for 43550 to 43600 range to be sustain fail to sustain will short immediately looking at the initial 3 min candle price action SL will keep above the First red candle or above...

Manuadarsh

NIFTY Levels to watch out Above 18300-18350 Below 18030, If the 18030 Level is B.K the Target is 17800. Idea behind the level our market holding strength after 3 Days of holiday Global market open tomorrow. it will play a major role. If its a Flat opening i will wait for the market to sustain above 18300 then will get a target to near 18500. But if there is any...

Manuadarsh

While looking at the chart, the next major level is nifty to sustain 17650,17800. Keep an eye on these levels. Once 17650 sustains, nifty has the strength to move to the 17800 level. If the market opens with a gap up sustain above 17600 The first level to watch 17,800 If it is broken, we can expect a rally to 18000 and 18100 If the market opens with a gap...

Manuadarsh

Bank Nifty story, it broke 35650. It is a major resistance level in the bank's nifty. Look at the chart. It tried to break multiple times, but now it broke along with 200MA. Things are bright and sunny, the bank nifty will sustain above the 200MA. Now Bank Nifty is nearing to fill the gap between 37300 and 36650. If any profit booking from higher levels, let's...

Manuadarsh

In the nifty chart, respecting our trendline, it broke down and closed below the trendline. This is a rising wedge pattern and shows trend reversal,as long as it below 17250 negativity is there. But on the downside, 17000 is the key level near the range where huge buying is happening and 200MA also placed at 17000. last week, above  nifty, struggling to close at...

Manuadarsh

It was an interesting week apart from the gap up and gap down. With a calm expiry, I could squeeze the premium from 15550 PE and 17550 CE. The position itself gives me 0.8%. A nifty cross of 200MA Nifty will have to move from here if nothing bad happens. Vix also gave a cool down that will help the option seller, even after such a huge gap up opening today. The...

Manuadarsh

We are up to the March 3rd expiry. Looking back, we are going through such a dramatic market condition. Last week was so tough as an option seller. but looking at the chart nifty at an important range. nifty cross between 16750 and 16850 with strength, but it couldn't be sustained. As it is currently a news-driven market, we can see wild movement at any time....

Manuadarsh

Day to mark, when the market opens with a huge 400 point gap up, and profit booking kicks in. I have an overnight position of 16600CE and 15700PE, which is a huge premium spike that went MTM loss of 25X. It hit harder than the market moved down. When CE started to melt down, I lost 4% of my capital, but I had seen a 10% loss in my MTM, so I decided to book 4% and...

Manuadarsh

A week to remember the huge gap down and recovery. Tomorrow's expiry is going to influence multiple news. Let's see where the nifty is going to expire tomorrow. key levels to watch out for above the 200EMA and 16750 as the first levels to keep an eye on. down side 16150 and 16000. It was a week to remember because I had been carrying a position Friday. I sold...

Manuadarsh

The week ends on a high. i was expected that it would be a tricky expiry, but it could end up with nearly 2%. I haven't done any aggressive position yet, selling premium spike helped me get there. The week ends on a high. I expected that it would be a tricky expiry, but it could end up with nearly 2%. I haven't taken any aggressive positions yet, but selling...

Manuadarsh

We are up to the first week of March expiry. Last month we saw such crazy movements as gap up opening and gap down opening. As an option seller, it was really a roller coaster ride, but it could end with green last month. We all learn how to trade in such crazy movements. Looking at the chart, the uncertainty is still there. Any news can drive the market. VIX in...

Manuadarsh

A day to remember with a 500 point gap down and VIX on the peak. A bloodbath on expiry day The nifty opened near 16500. On the downside, we know 16850 bounced back multiple times. Think about the option seller who entered into a safe position even below that. such a massive premium spike. A day to remember with a 500 point gap down and VIX on the peak. A bloodbath...

Manuadarsh

Look at VIX. Where is it now. indicating the crazy movement will continue. Any news can drive the market's movement. stepping into the last week of the month with caution. Monday opened with a gap down and then started a recovery, then fell again. Today it opened with a huge 300 point gap. Think about it. Carrying over night positions is risky. As a trader, we...

Manuadarsh

Looking at the chart of 200 point intraday movement now becomes calm expiry. but it's good to see nifty in a range of 17400 to 17200. Option sellers make money, but premium spikes are crazy. Price action speaks. After a trending market, there is a consolidation. That is how the market behaves. The market is still not stable. Global clues are still confusing the...

Manuadarsh

How crazy is this., Last Friday was the worst day since the last 10 months and today is the best day since the last 12 months. This volatile and continued type of movement kills non-directional option sellers. Looking at the chart, the global weakness, the market opened lower and kept moving down. We all know the 16850 level has been respected multiple times....

Manuadarsh

The second expiry of the month ended on a positive note. The day started with a gap up opening but went down and took support and bounced back at the 17400-20 range. It was good support along with the 17400 range imp and there is a trend line as well. It bounced back with strength, along with the candle. It broke the day high and took resistance at 17600, a...