https://x.com/aakankshalovely/status/1840268726723088475?s=46&t=swvTlMohEVeYxVhQdK9yXw
Читать полностью…Overtrading KILLS 😬
https://www.instagram.com/reel/DAdgvTyIMdB/?igsh=bWp5M2JoaXdtN3R2
Guidelines - 1). You can use limit orders for target, trade trigger and stoploss.
2). You can book major qty at target 1 and can do part booking at Target 2 and 3 and so on with trailing SL at cost or trailing SL at actual.
3). If early exit is given then better to follow it or keep TSL at cost.
Disclaimer- This is just for your guidance, profit and loss may depend on market situations. You may trade according to your risk appetite. Do not construe this as an investment advise.
Disclaimer and website - https://bit.ly/4070HLv
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I got many Dms yesterday of retail loosing money in roller coaster Bank Nifty expiry. So here are my honest thoughts about yesterday expiry.
Yesterday’s price action in Bank Nifty has confirmed that there is no connection of fundamentals and technical breakouts in Indian markets. It is only the operators who decide if today expiry will be bearish or bullish.
On Tuesday, after many days, Bank Nifty closed above 50800 and most importantly above its 20 EMA of 50740. Dow was rejoicing, US 10Y yield was down, Crude was down, Iran Israel tensions were subsiding and perfect setup for BN to move towards 51000.
But the operators knew that retail crowd loves breakout and has the tendency to herd towards breakout. So let’s make this breakout a fake out and fill our coffers by looting the retailer.
When entire retail was expecting an up-move above 51000 on Wednesday based on technical strong close and breakout, they decided to play bearish and took BN almost till 50350 in the morning, in a roller coaster ride which was filled with spikes and volatility. If the retail was long his SL was taken in morning itself and when retail when short the spikes were so deadly that their SL was hit.
And just when retail was convinced that BN is bearish, came the bazooka of candles in last hr which took BN from 50400 to 50700.
So the question we should ask
1. Why did BN fell almost 400 pts. Was there any negative news in the morning ? Why did it move up and close above 50800 on Tuesday? Was there any positive news on FN expiry ?
2. Why did BN rise 350 pts in last hr. There was no positive news as such in the afternoon.
3. If the index move 350-400 pt without any news, is this manipulation by group of operators who have money power and can make the index dance as per their convenience and loot retail crowd. Bank Nifty was once darling of expiry traders but now HDFC Bank and ICICI Bank these two banks used by operator to make it dance as per their convenience.
4. In all this volatility it is only the retail that suffers as it is almost impossible to successfully navigate such expiries without loss. A seasoned trader has a chance to make adjustments but retail trader with less capital and less expertise has absolutely no chance to make profits.
My suggestion for the retail crowd is to sit out on such kind of days and try to protect your capital. I will try to identify such days and put a message in my public channel to avoid trading on such days. I am
not aware of who does this whether it is local or Jane street types but whoever is doing this is making the retail crowd suffer. Mind you the sharks out there are powerful enough to eat you up and they have big money purse and enough networking in the corridors of power to continue looting the retail.
Market Weekly Analysis
Nifty closed the week at fresh all time highs. Now next week we have a holiday on 02nd Oct and we have SEBI board meeting tomorrow evening which will decide the fate of daily expiry. Over the weekend, we have news of escalation of war in Middle east and also now markets will start factoring in election results of Haryana and J&K elections. Plus late Friday we had Japanese futures which sank 6% due to surprise victory of a candidate which markets believe will raise interest rates there.
So we have lots of news flow over the weekend. Now next week if Nifty is able to hold 26100 then we can see 26280 and 26350.
If unable to hold 26100, we can slide down to 25950 and below that 25800 levels. Trend will change from bullish to bearish only on close below 25800 levels.
Bank Nifty will move towards 53350 which was the last breakout level. We need to see if that level holds for the week. If not then we can move towards 52800 and 52500.
https://x.com/aakankshalovely/status/1840274239577849907?s=52&t=swvTlMohEVeYxVhQdK9yXw
Читать полностью…How many of you have read this book "Rich Dad, Poor Dad" ?
If not here are a few reasons why you should definitely give this one a read! 🤓
https://www.instagram.com/p/DAa6Etfo3bR/
https://www.instagram.com/reel/C_A02ewqbUM/?igsh=MWc2cW9hd3c2N3B1YQ==. Ye hi jeevan ka kathor satya hai! 🥲 How many of you agree?
Читать полностью…Seeing good volumes in SENSEX. Looks like pro traders shifting slowly to SENSEX options
Читать полностью…Post Market Report
Nifty today again closed in green but fell from gap area of 24865 levels. Important support is at 24750 levels which market needs to hold tomorrow. Tomorrow night is Fed Chairman speech in which he will outline his thoughts on the pace of future rate cuts and US economy and therefore we can expect a gap opening on Monday. Carrying positions into weekend should be avoided.
Bank Nifty managed to close above its 20 Ema of 50760 levels. Tomorrow it is important to close above this level for bullish trend to continue next week. Bank Nifty is not giving proper follow through of the bullish moves and therefore it is best to avoid this index tomorrow.
https://x.com/aakankshalovely/status/1826555631890759980?s=52&t=swvTlMohEVeYxVhQdK9yXw
Must read post 💯
LADIES AND GENTLEMEN PLEASE PUT YOUR HANDS TOGETHER FOR THE MOST MANIPULATED INDEX - BANK NIFTY
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