dheerajjugran

dheerajjugran

What a comeback by put writer's. Even i lost money as i was expecting a downward move after the 1st pullback at 43700. Put writer's covered the entire fall of 600 points in 24hrs. Quite interesting and one of those 40% probability things for which we should be ready each day. Market was very straight, 2 pullbacks and tested the level of 44080 from where it fell...

dheerajjugran

What a day for option buyers !! After breakout from high & consolidation, Market fell almost 600 points to re-test its last breakout level of 43400. Strength of Put writers will be tested at this level. If put writers win, market may follow case-1. If call writers win, market will fall further to test 42900.

dheerajjugran

Hello Friends, Let start our analysis of BN move based on pure price action and no indicators. Since the breakdown move on 8th June, the market is within a trading range. This trading range is getting tighter and tighter each day and therefore not tradable for option buyer's. Its a paradise for option sellers. The only tradable set-up today was at opening when...

dheerajjugran Updated 

Hello Friends, Apologizes for my absence, was on a much required family vacations. Lets get straight to decode bank nifty moves of today. 1 - Buyers gave a breakout move at the opening taking out both "Bear Trend Line" & 20 DMA with a single candle. With such a big move market was always in long for the whole day unless the breakout is broken by sellers. 2 -...

dheerajjugran Updated 

Good day to all my fellow trader's. Lets proceed with indicator free price action bank nifty analysis from bird's eye view of Buyer's & Seller's. After all, its the big money that creates those candles for us. What happened today and why? Further to my yesterday post, market took the path of case-2 and seller's were able to push market down from a double top...

dheerajjugran

Hello Learner's, Everyone is a learner until the end....isn't it? Lets move ahead with our PANI Analysis (Price Action No Indicator). What happened on 27th April 2023 & Why? We will analyse the day move in 2 parts. Part-1 (0915 to 1115 hrs) Market followed our trade plan case-2 as discussed in our last analysis. On gap down, we expected a support at around H3,...

dheerajjugran

Let's analyze bank nifty move using indicator free pure price action. To have a clear understanding we need to look back what happened a day before i.e. 24th April 2023. Buyer's made a strong upward 1st push followed by a pull back. Buyer's then made a 2nd upward push followed by another pull back. Therefore yesterday buyer's were in complete control and they...

dheerajjugran

BN in a bull channel after breakout and probable next move to 43000.