Today FII are sellers in cash market to the tune of Rs. 409 cr but their options data is bullish. Pro options data is also bullish with more puts written as compared to calls. Tomorrow again I am expecting rangebound movement to continue with support placed at 18650 and 43500 for Nifty and BN respectively. Any meaningful downfall will be below these levels only. On the upside, Nifty can move to levels of 18750 and BN 43820. I am not expecting range to break tomorrow.
Globally Chinese consumer spending data was weak. Weak Chinese data affects US and European markets on negative side as these countries have a very healthy presence in China. Locally we need to keep a tab on the happenings in BYJU’s after resignation of their auditors and 3 board members.
Tomorrow we have US consumer confidence and new home sales data which I am expecting to be on the positive side for US markets
we suggested to book pos before 2:30 and then suggested to make carry slow. overall peaceful day
Читать полностью…finance community on twitter is so friendly, one person gets some name or fame. all come together to congratulate him/her.
judging everyone , passing expert opinions , pulling down , making issues out of anything, blowing things out of proportion and accusing everyone is not what they do. 😂😂
They support the community n help everyone to grow and learn.
No jealousy at all from anyone’s success 😂😂
sarcasm on recent drama of frontpage newspaper
Levels to watch for this week - BN - 43820 resistance and 43400 support. Break on either side to give a trending move.
Читать полностью…strategy to fight this volatile market- sit with less quantity positionally.
view is sell on rise but no rolling down of strikes. keeping far strikes and defend
https://x.com/aakankshalovely/status/1713152957913674115?s=52&t=swvTlMohEVeYxVhQdK9yXw
Читать полностью…Some traders make money at will.
While some traders are unable to hit the right chords inspite of spending years.
The difference between the two is flexibility and risk management
Flexibility - When you see your view is negated, change your position. Hoping and praying for a reversal in your favoured direction seldom works.
Nor will waiting for your SL to be hit change the situation when you can clearly see the view is negated.
Risk Management - On some days, even flexibility won’t work. Last few weeks, we have seen terrible multi-directional swings.
On those days, limit your losses to an amount that you can recover on a good day to improve your longevity in trading. Don’t blow the capital.
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