FINNIFTY is outperforming because of GST reduction news on insurance. But thats already in the price as news is 2-3 days old
Читать полностью…Post Market Analysis
In yesterday’s analysis, I had clearly mentioned that market cannot remain in range for long time and big move is around the corner. Nifty today broke the important support 24900 and slide down to 24700 levels. Now break below 24700 will open targets of 24200. But it won’t be a one way fall. Clear cut signs of distribution were visible since Oct 3 and now mid and small caps will give more pain to retail.
Bank Nifty was unable to clear its 20 days EMA of 51960 and once it broke yesterday’s low, it went all the way towards 51200. Now last hope for bulls is around 50900. If that breaks then we are heading much much lower towards 49600 levels.
Good Morning Traders,
US markets are in pre-election rally mode and we all know how our Nifty also rose from 19000 to 23000 pre election. Nothing seems to affect the US markets now. Even Iran Israel tensions seems to be managed by the US till about the elections get over.
Lack of DII buying seems to be the main problem in our markets which are just doing range bound trade between 24800 and 25200 +/- 100 pts. Markets are not at all enthused about the results and facing pressure at higher levels. Today is Nifty weekly expiry. Be ready for Jane street vultures to pounce. Keep qty low
https://x.com/aakankshalovely/status/1846550750203199793?s=52&t=swvTlMohEVeYxVhQdK9yXw
Читать полностью…Post Market Analysis
Markets cannot remain in range for long and we can see big move in market in next 2-3 days as there are clear signs of distribution at higher levels. Also the difference between this correction and past is that earlier markets used to correct for 1-2 days and then take out resistance levels quite easily. This time we can see market is clearly struggling to take out the main resistance of 25250-25300 level. Also in midcaps people are badly stuck with some stocks correcting 30-40 percent from the top.
Nifty today was unable to break 25100 levels. Supports and resistance are working well in this market but price action is clearly bearish and once we break 24900 levels we can see 24800 and 24750. On the upside 25050 and 25080 will act as strict resistance.
Bank Nifty was unable to take out its 20 days EMA of 51960 levels. Now till it is below 51960, it can fall down towards 51600 and 51400 levels.
wonderful day in bn expiry for us.. banknifty behaved like a good boy. 😄
sad because banknifty is going soon🥹
Last 3 days feedbacks of Aakanksha Option Trading mentees 🤗
Disclaimer- https://bit.ly/4070HLv
https://x.com/aakankshalovely/status/1848611545653137734?s=52&t=swvTlMohEVeYxVhQdK9yXw
Читать полностью…green day... we went long in dip that didnt work out and we had to book loss then we did whole day firefighting to cover the loss and close the day in green
Читать полностью…There's no shortcut to success! No influence that's ever going to come to use!
The sooner you know it, the better.
I am proud of my journey and the way I have hustled till the top 🔝
https://www.instagram.com/reel/DBL5sEMoWfk/?igsh=ODk5Mmo3MDFsbndo
51800pe is 0 for the expiry 👏 👏
Wrote this msg at 11.26 when bn was falling from top and was at 51845 level.
I hope this helped 🤗
💥 announcement - 9th batch of "Index Option Buying with Aakanksha" & 2nd batch of "Commodities Option Trading with Aakanksha" are starting from tomorrow. 👍👍
note- This time there is no discount. As I have already given big discount of 25% in Dusshera. 😃
extremely good day... we traded small range day by doing scalping on both sides.
multiple profit booking and re-entering in spikes made the day.😃😃