this is why its important to have a mentor in early days of your trading career.
A mentor can guide you things in advance from his/her experience so that you do some less mistakes. Considering each mistake costs capital dent.
But remember, find a genuine mentor. who is showing you all sides of markets.
0 Days to expiry became villian of yesterday big and sudden downfall in US markets in the second half. It's volume yesterday was $900 billion which was highest since Oct 2023 especially in absense of any negative news flow. Yesterday volumes in cash market in the US was low due to holiday season and all of sudden there was huge put buying around 4765 which could not be absorbed by the market participants which led to the big fall.
How much this can be attributed to our market fall is a question mark as there was good cash market volume by DII yest and even FII. But O days to expiry options are slowly becoming the driver of intra day volatility in the markets.
Upmove sustaining. If sustain above 48000 for 15 min we can see good short covering
Читать полностью…good day... first hour gave little difficulty to manage due to volatality. but later managed the day in good green.
Читать полностью…While you enjoy the season's festivities, remember to stay safe!
Wish you a #MerryChristmas 🎄
See the fall. Warned earlier only inspite of Nifty 100 up that market is likely to see some profit booking from the highs
Читать полностью…Todays upmove was easy to catch as market had already priced in the Dow fall yesterday only and with a gap down opening there was no way it could slide further as we are primarily in a strong bull market in which corrections do come but chances are higher for support levels to be respected. Remember we had 21000 as strong resistance which got taken out after Fed dovish policy. So when market came.again towards 21000 from 21600, it was a no brainer to buy as 21000 was the level of Fed dovish policy breakout.
Читать полностью…