Trading is simple not easy..we all can see we are in a bull trend, especially in bank nifty. all we need to do is just follow the price and initiate the trade. just manage your RRR traders and your good to go.
Best of luck with the expiry. Traders.
Optionbuying
r u ready for a big move..?Hmm, having a avereage cpr indicates that we may can witness a bullish move in banknifty today. there no such bad news in the market which can fall markets towards the downside. till now atlest. so all we need to do is wait for an bullish pattern in banknifty and then we may can go for some big qty to trade.
measnwhile dont forget to maintain your RRR traders.
NTNX Nutanix, Inc. Options Ahead Of EarningsLooking at the NTNX Nutanix, Inc. options chain ahead of earnings , i would buy the $35 strike price Calls with
2023-1-20 expiration date for about
$1.00 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
pure price action and nothing else..after such a boring day today, we now have hope that the market may break its tight range and provide us with an opportunity tomorrow. we have to be careful in this kind of tricky session in the market and the only way to do this is to manage your RRR traders.
Best of luck. Traders
major levels marked..pure price action levels marked on the chart. we all just have to keep ourselves neutral and take decisions based on our chart levels. remember folks trading is all about maintaining your RRR. You will get the chance to make money in the market only if you stay in the market.
Best of luck for Monday.
all time high....the chart speaks for itself. keep maintaining your 1/2RRR.
we are in a bullish market but I still remember markets when
ALL IS WELL TIME TO SELL.
my bias I will keep neutral we may can see some consolidation since we already witness a trending day today.
where is 20 ema......?the only thing which makes me think is 20 ema on a daily time frame. otherwise, all is well till now. another tight range of bank nifty today could lead to a trending day ahead. just remember to maintain RRR.
Best of luck traders.
Nifty Level & Strategy for 21/Nov/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
NIFTY
Nifty trading range is quite clear & perfectly trading within a range (marked on chart). Range is always good for option writers. Please review the option data. ATM/OTM/ITM Calls were written by the big players & professional traders. We have seen short covering in on Puts side which indicates little bearishness. Option buyers should still wait & stay away and get into trade only when nifty break out above or break down below the range with rise in volatility and market clearly pick-up the momentum.
Please find below scorecard, PCR update & options statistics for your reference:
NIFTY SCORECARD DATED 18/NOV/2022
NIFTY IS DOWN BY -36 POINTS
Name Price Previous Day Change % Change
Nifty 18308 18344 -36.25 -0.20%
India VIX 14.39 14.88 -0.49 -3.28%
OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA
Max OI (Calls) 18400 (Open Interest: 10565600, CE LTP: 69)
Max OI (Puts) 18300 (Open Interest: 6853050, PE LTP: 78.95)
PCR 0.73 (PCR is in bearish zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Long Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Long Liquidation, ITM:Short Covering, FAR OTM:Long Liquidation
All time high..?markets are in an all-time high zone. there is no price action above there. so as I mentioned yesterday all we need to do is just follow the price and make the trend your friend. even i will keep my bias neutral let the price choose his direction.do remember to maintain your RRR traders.
Best of luck for expiry.
Trend is your friend. follow the price and rest is historywe may can see an uptrend or downtrend tomorrow since it's a tight-range breakout. let's
keep it simple folks if the market open a gap up then tries to find a way to sell. if the market opens a gap down try to find an opportunity to buy.
in a hope of trending market just dont forget to maintain your RRR. the only holy grail of the market.
Banknifty is in tight range..major levels markedwe can see that banknifty is preparing itself for a bigger move. so all we gonna do is just follow the price wherever it goes. dont forget to manage your RRR traders.
best of luck.
when all is well, its time to sellyes, we may witness a trending day today because the range banknifty closes on Friday was pretty tight. the cpr is also gonna be not very wide. added to these we have some gaps as well which the market may fill today. overall market sentiments are not that bad, the best way to yourself in the game is to maintain your RRR. remember one thing folks. in stock market
WHEN ALL IS WELL
ITS TIME TO SELL.
Best of luck traders.
major levels marked..we will keep neutral bias. we may can see a trending day ahead anyside. just wait for the anyside confirmation guys. manage your risk and reward and thats all you r goog to become a trader.
best of luck traders.
important levels marked.well as of now US market is 1.5% up. if banknifty brokes its all-time high then there is a chance of having a good trend day tomorrow. so wait for your long entry and if possible try to hold your winners and cut your losses short to stay longer in the stock market.
because it was a holiday today so there will be the effect of theta decay as well. keep that thing in your mind traders.
Best of luck.
trend is your friend...levels markedRemember folks if market has to go anywhere it has to broke prior day range and all we gonna do is patiently wait for the price to broke either side range and all we have to do is just follow the price.
Best of luck traders.
Major levels markedwell if there will be a 400 to 500 gap opening then I don't see much upside move in intraday. all we have do is just wait on the sidelines and wait for any of the horizontal line breakout or breakdown then we can just follow the price.
Best of luck traders.
As usual I keep it simple ...major levels markedyes we are in uptrend but to be cautious is not wrong at all. all im gonna say that I will keep my bias neutral for tomorrow. I will patiently wait for any of my horizontal support or resistance to be broken. all we need to do is just follow the price. DO take note traders due to today's holiday the premium will decay fast so be careful on that part.
Best of luck Traders.
Happy expiry.
Simple yet effective pure price actionall I will say that I'm gonna keep my bias neutral fir tomorrow or maybe 60% down 40% up. but still price action is right in front of us. all we gonna do is just follow the price and be with the trend. we may can witness a trending day tomorrow.
Best of luck traders.
bearish bias..?well I couldn't find any positive news in the market. everybody is just talking about recession and all.so the big gap up on Friday we may can witness getting filled. so I will keep my bias down again and will talking only bearish trades for the day. thats why I haven't marked any levels on the upper side.
best of luck traders.
Nifty Levels & Strategy for 13/Oct/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
NIFTY
Today, Nifty traded perfectly within previously identified range (please refer yesterday's chart & strategy). FIIs have flipped the their side from selling to buying and retail flipped from bullish to bearish . We need to trade patiently and wait for right trade setup then working level by level based on technical indicator is likely to remain profitable (e.g. buying near previous day's low and profit booking near major resistance level).
FIIs/Big players did exactly opposite to what retail traders did. Today, bears got trapped heavily. Retail traders should trade only in monthly options with strict SL else continue to donate your hard earned money to FIIs/Big players.
Tomorrow's expiry is likely to remain volatile. Bulls, bears & options writers are likely to get chance to make decent money who will work patiently. Shall we continue with sell on rise near resistance levels and buy on dips near major support levels if you get good trading setup ????? Yes, I think so. What do you think?????
NIFTY SCORECARD DATED 12/OCT/2022
NIFTY IS UP BY 140 POINTS
Name Price Previous Day Change % Change
Nifty 17124 16984 140.05 0.82%
India VIX 20.18 20.49 -0.32 -1.54%
OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA
Max OI (Calls) 17500 (Open Interest: 10661300, CE LTP: 1.8)
Max OI (Puts) 17000 (Open Interest: 8789700, PE LTP: 35.25)
PCR 0.79 (PCR is in bearish zone)
Nifty Calls:
ATM: Short Covering, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Long Liquidation
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup
Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
simple yet effective bank nifty price actionas we can see market is respecting the major support zone and our festive season shopping too. even as of now usa market is even .50 percent is up so ya for tomorrow im gonna keep my bias towards upward direction and not be taking any bearish trades.
DISCLAIMER: we can witness the trending market tomorrow.
Best of luck for expiry traders.
Range bound market. whats next..?as we can we r in a tight range. I have already standby myself to take the ride wherever market takes us. whats your do let us know in the comments.
make sense..?I will keep my bias towards bearish sides and will trade only down side if market moves opposite direction I wont trade.
thats how I keep my trading simple yet effective.
