daerontrading

daerontrading

CHART Red candle in both indices; more than 200 points lost; nifty went back under top trendline OC 16500-17000, 35000-36000;; huge OI addition at 35000 PCR bearish FII -1259 DII. 98 FnO Data short build up RSI 47; 44 ADX 27; 27 Conviction bearish Bias bearish Int. Markets green TRADE delta neutral strategy

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CHART Huge green candle owing to short covering; nifty breaking out of trendline resistance OC 16500-17000, 34500-36000 PCR bullish FII -176 DII 1098 FnO Data long build up RSI 50; 45 ADX 28; 28 Conviction bullish Bias bullish TRADE buy atm call Short covering has happened when the 38.2% retracement...

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CHART gap down opening; attempted gap covering, closed low but in green; rejected from 38.2% retracement again OC 16500-17000, 34000-35000 PCR bearish FII -2283 DII 1686 FnO Data long buld up in both indices RSI 46; 40 ADX 30; 29 Conviction bearish Bias short covering won't happen uinless 38.2% reatecement level is taken out. Till then maintain...

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Both indices faced selling pressure from the top, especially after such a huge gap ups which no one had expected and posted big red candles while trying to cover the gap on the down side. It was a day for the option sellers who got the range right and had not carried any over night positions on the short side. Bank nifty still trading within the recent long term...

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We are in the continuation phase of an up move where both indices had gap up openings, covered the gap on the downside, and then went on to rally owing to massive short covering. It was news driven of course as Ukraine decided not to go along with NATO. No bad news and some small good news. But the actual driving factor was the retail traders. FIIs sold 4818 cr...

daerontrading Updated 

Watch for break out of resistance. 420+ can be considered as target. Keep track.

daerontrading

Weekly Market Report Both indices closed in firm red after a huge gap down opening. Although the gap was covered by the first half of the day, at 1:30 PM FIIs stepped in and sold heavily as bulls had prepared a massive playground for them to exploit. They just sold for 7631 cr which happens to be the highest in this calendar year. Markets are being driven by...

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Both indices had a gap up opening but this triggered a massive sell off from FIIs resulting in big red candles. The session was so volatile, especially in the second half that it was impossible not to hit your stop loss and in such scenarios you don’t have the liberty to keep big SL. Option premiums fell off a cliff at the start for reasons not so clear. This...

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Short market report Both indices closed in red (though nifty posted a green candle) with a long legged dojo indicating some buying pressure. The buying pressure indeed came at the end of the trading session owing to a news of probabilities of talks between Russia and Ukraine which was confirmed by Kremlin. No one saw this coming and bears have been punished...

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Short Market Report CHART Gap down nifty; gap up bank nifty; both indices green candle; nifty closed in green banknifty closed in red OC 16000-17000; 35000-37000 PCR. bullish FII -3948 DII 4142 FnO Data long Build up in both indices RSI 42; 41 ADX 25; 19 Conviction Neutral Bias Neutral TRADE...

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Short Market Report Extreme geopolitical negativity resulted in a gap down that was not seen before. Owing to that an advance decline ratio of 1:20 (1:5 by EOD) which added to the pain of the investors. Amidst all this negativity, the goo thing was that both indices showed impressive recovery from day low. The recovery was so good in banknifty that it managed to...

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Short Market Report Huge Volatility was there in markets as we had expected but the weird thing that happened was that nifty closed in red but banknifty managed to close in green. Nifty is trading below all major moving averages but above 200 DEMA. Banknfty managed to take good support at 50 DEMA. Chart wise the worrying factor is that NIfty is trading below the...

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Last week has been a bleeding reminder of how a stock market trading is. Both systematic and discretionary traders have been hemorrhaging cash and are now dealing with a drawdown of 5-35%. So you can consider that the dream run is over and we need to wake up. On the last trading session, banknifty managed to close in green but nifty failed to do so. Markets are...

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Rate Gain (keep an eye on this and set alert) Buy Above 380 Target 500+ SL 320

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Short Market Report Crazy volatile expiry is what happened and market was reacting to every possible news. Gong forward into the next expiry, things look quite unpredictable at the moment owing to the influence of global geopolitical scenario. Charts of Nifty and banknifty are quite different even though both formed a solid red candle. Nifty is still trading...

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Short Market Report Super volatile day like yesterday reacting to news every hour. If you got the direction right and continued to change your positions or scalping, then only you must have been in profits. Every data and chart is giving confusing signals owing to this volatility. Nifty and bank nifty dropped significantly in the last hour and formed a thick red...

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Short Market Report Extreme bullishness in market. Gap up opening with no covering of gap and steady up move after gradual consolidation. Bank nifty opened and closed above 21dema and Nifty closed above 100 dema. FIIs are still net sellers. Today's bullishness can be attributed to DIIs buying in cash. This lead to a short covering rally. Bank nifty closed above...

daerontrading

refer to the levels in chart for intraday levels only for educational purposes