Aakanksha Option Trading

22 Dec 2024 16:13

Market Weekly Analysis

Nifty last week made a bearish engulfing candle giving up the entire gains of previous 4 weeks. The candle on the weekly scale was surprising especially after it made a hammer pattern on last week closing. Bulls were badly trapped particularly after last Friday’s up move.

Nifty has closed below its 200 days EMA of 23690 levels. This level is now very important for the bulls to regain for any kind of pullback till 24000 levels next week.

Nifty, Nifty Auto, Nifty FMCG, Nifty PSU Banks, Reliance and Nifty Metals all have broken and closed below their 200 days EMA suggesting that the major constituents of Nifty have broken down.

Nifty Pharma is the strongest index right now which has closed above all its daily EMA. Nifty IT has closed above its 50 days EMA suggesting some strength but Nifty Bank has closed just above its 200 days EMA of 50400 levels. If market continues to fall then banks, IT and Pharma will also start to crack.

Nifty Midcap 100 index has closed just shy of 100 days EMA of 57000. It needs to close above this level for bulls to regain some control.

Weekly resistance for Nifty will be 23690 / 23930 and 24050 levels. Supports will come at 23500 and 23260 and 23000 levels.

Nifty bank support will come at 50400. Resistance will be at 51600. Till it is closing below 51600, there is possibility of breaking 50400 and move towards 49000 levels.

Aakanksha Option Trading

21 Dec 2024 13:41

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Aakanksha Option Trading

20 Dec 2024 19:33

I don’t know why people don’t show much interest in commodities market.

They are beautiful , targets and sl sab lagane ka time milta h koi hadbadi me gadbadi ni h
Limits order laga of buy, sl and target laga do system me, no no need to be glued on screen.

Aakanksha Option Trading

20 Dec 2024 18:30

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Aakanksha Option Trading

12 Dec 2024 16:00

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Aakanksha Option Trading

12 Dec 2024 11:01

Today’s Closing is not good for bulls

Aakanksha Option Trading

12 Dec 2024 10:37

good day in nifty expiry...

we shorted 24700ce,24800ce in upmove near 24640-670 level when call premiums were in spike. we covered the shorts in gain near 24600pe spot.

Then we went long and shorted 24550 and 24500pe .
The 50 pts dip from 24600 to 24550 level troubled us and we rolled back strikes to 24500 and 24450pe. and added more pos in dip.

puts were spiking but we held and in 2nd half beautiful decay came and all put became zero💚

Aakanksha Option Trading

12 Dec 2024 07:15

premium behavior is concerning... defensive traders ... better to stay out

Aakanksha Option Trading

12 Dec 2024 06:13

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Aakanksha Option Trading

12 Dec 2024 05:50

this is how one can plan buying and selling trade with same view but different EXECUTION

Aakanksha Option Trading

12 Dec 2024 05:42

positional trading ka yahi fayda h friday se hi market samjh me aane lagti h...

Aakanksha Option Trading

12 Dec 2024 05:39

nifty k 24670 k move me call spike huye and we shorted it.... 5mins me premiums half ... 😃😃

Aakanksha Option Trading

12 Dec 2024 04:38

Flat to negative open

Aakanksha Option Trading

12 Dec 2024 01:31

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Aakanksha Option Trading

11 Dec 2024 13:31

Market bandh to kaam bandh?

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Aakanksha Option Trading

22 Dec 2024 09:56

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Aakanksha Option Trading

21 Dec 2024 10:08

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Aakanksha Option Trading

20 Dec 2024 18:34

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Aakanksha Option Trading

20 Dec 2024 17:07

Lo bhai double kar liya isne itne bade profit ko…

Craazzyyyy
Option buyers k liye ek hi day kafi hota h

Option sellers saunar h

100 sunar ki and 1 luhar ki 🥳🥳🥳😱😱😱

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Aakanksha Option Trading

12 Dec 2024 13:52

Post Market Report

Nifty today closed below the previous day low of 24587 failing to cross the resistance of 24700 even when all Asian markets were in green after the US inflation figures.

The rally which started last week seems to be on the verge of ending. Now tomorrow if Nifty is unable to defend 24500, it can lead to fall towards 24350 which was the previous breakout area. We will see the price action at 24350. If it starts to close below that then bulls will give up. For Nifty to now gain strength it is very important to close above 24600.

Bank Nifty also is looking tired and unless it crosses 53500 levels it can also move down to 52900 and 52600 levels.

Aakanksha Option Trading

12 Dec 2024 10:43

Today India inflation figure is going to come by evening. better is not to carry anything also the todays price action wasnt in full favor of bulls. Would like to form a fresh view tomorrow.

Aakanksha Option Trading

12 Dec 2024 09:35

kisi ne yaha pe hold kiya tha ? put 💯 if yes

Aakanksha Option Trading

12 Dec 2024 06:40

This is support 24600

Aakanksha Option Trading

12 Dec 2024 05:57

we booked gains in call short as major decay we took

Aakanksha Option Trading

12 Dec 2024 05:48

buying me we did put buy with same logic but spike me entry ni kar sakte the due ti high premiums so we pllaned buy above trade which got activated after the spike only

Aakanksha Option Trading

12 Dec 2024 05:41

as per nifty data suggest on friday... biggies did straddle at 24600 level this gave smooth decay through the week

Aakanksha Option Trading

12 Dec 2024 05:32

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Aakanksha Option Trading

12 Dec 2024 03:40

Good Morning Traders,

Almost all Asian markets trading in green today after NASDAQ hit its all time high yesterday fuelled by a rally in AI and tech stocks.

We have Nifty expiry today. 24700 is the resistance and 24600 support. Above 24700 we can see 24770. And below 24600 we can see 24530.

There has been a report that NSE will start monitoring ALGOS to curb manipulation by big players. This is a step in right direction after what happened last Thursday. Trader, whether big or small, should be provided a level playing field. Big players already have huge capital and technology while small retail investor has less capital and no sophisticated technology.
Hope this step would stop the manipulation being carried out by Jane Street type of big players.

However today is expiry so its prudent to trade with very less qty. Capital protection should be top priority.

Aakanksha Option Trading

11 Dec 2024 17:25

Post Market Report

As expected, Nifty today remained bullish throughout the day except for some profit booking in the last half an hour. This was almost predictable after how market took support at 24500 yesterday.

24700 is acting as resistance and 24600 as support. FII are buying one day and selling the next day. They seemed to be confused as to what exactly they want to do.

Tomorrow is Nifty expiry. Nifty has remained in a range on Friday, Monday, Tuesday and today. It is setting up for an explosive move in next two days. As tomorrow is Nifty expiry, better to play with less qty in option selling after what happened last Thursday.

However my view is bullish for Nifty as am expecting it to touch 25000 and 25200 by December end. SL should be 24500.

US inflation data has come as per expectation. Rate cut of 25 bps is now confirmed next Wednesday by Fed. Post 15th December, FII will pare down their trading activity and mutual funds will try to prop up their NAVs. So am expecting bullish momentum to continue.

Aakanksha Option Trading

11 Dec 2024 10:33

awesome day in non expiry day 💚
yesterday we carried full position size 24300pe, 24200pe that gave beautiful decay in first hour only... we rolled up to 24400pe in intraday...
tonight US inflation data coming so carry pos with proper hedge or avoid carrying.