#Intraday Trend looks "Neutral" based on OI data While chart looks +ve #NIFTYBANK
Important Support & Resistance levels are:
➡️ Support is at 47800
➡️ Resistance is at 48300
Most of the activity is happening in #Nifty50 only due to weekly expiry.
Keep Following OI for further levels.
One more profitable day was added to our trading journal on 2024!
Say no to fake screenshots! Check out my P&L - #VerifiedBySensibull https://verified.sensibull.com/ps/demanding-salamander/duY75acUsCM4Ug
I follow PCR to find a breakout or Breakdown.
A Breakdown from the recent support will trigger the next support level.
If you find a breakdown based on the Price but do not get a breakout based on PCR that means it's a false breakdown and we should avoid that price movement.
I have written a detailed article on that, Please go through it for better clarity: https://bit.ly/41I2Uhg
#Nifty #BankNifty #Options #OptionsTrading
https://bit.ly/41I2Uhg
2024 starts on a positive note. 🎉🤑🙏
Say no to fake screenshots! Check out my P&L - #VerifiedBySensibull https://verified.sensibull.com/ps/demanding-salamander/WP1gM7sTJu2opr
Published a new Article on blog. Here is the details:
2023 Recap & Trading Plan for 2024: A Year of Opportunities and Growth https://tradepik.com/2023-recap-trading-plan-for-2024/
The last trading day of 2023 closed on a negative note. 🙈
The last 30-minute movement eats all the profit and stoploss triggered in most of the strategies. 😨
But that Market. You have to deal with it every single day.
Every day is a new learning. Learn it and implement it.
#StockMarketindia looks highly volatile today.
Although trend looks bearish in both #Nifty and #BankNifty but I suggest trade with neutral strategies today.
Because today is monthly expiry and market will be highly volatile today.
So better trade with limited risk today.
🤑 One more profitable day added to our trading journal. 🚀
Thanks to #OptionBuying strategies.
➡️ Verified link here: https://bit.ly/48eYH7i
#VerifiedBySensibull #OptionsTrading #Nifty #BankNifty
Major Resistance in Nifty:21500
Major Support in Nifty: 21300
Major Resistance in Bank Nifty: 48000
Major Support in Bank Nifty: 47500
Highest Chng In OI :-> 21450 : CE | 21300 : PE |
Highest VOLUME :-> 21500 : CE | 21400 : PE |
Highest OI CE |STRIKE PRICE| AND |OI| :-> 21500 : CE | 189818 |
Highest OI PE |STRIKE PRICE| AND |OI| :-> 21300 : PE | 195811 |
🚀 𝗨𝗻𝗹𝗼𝗰𝗸 𝗬𝗼𝘂𝗿 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗣𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗶𝗻 𝟮𝟬𝟮𝟰! 🎉 𝗘𝘅𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗙𝗲𝘀𝘁𝗶𝘃𝗲 𝗢𝗳𝗳𝗲𝗿 𝗜𝗻𝘀𝗶𝗱𝗲!🌟
Merry Christmas and Happy New Year from Sachin Sival and TradePik! 🎄✨
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#StockMarketindia looks highly volatile today.
Although Intraday trend is "Neutral" in #Nifty & #BankNifty, we may see a wild swing in price as well as data due to weekly expiry of Nifty.
So trade cautiously and keep your risk on limited side.
I'm following my rule-based strategies only. I will avoid manual trading today.
Keep following change in OI, to get where people are shifting there positions.
Resistance has been shifted to 21700 from 21500 in #Nifty.
#BankNifty is still holding 48000 as resistance.
Intraday trend is "Highly Bullish" in #Nifty and "Highly Bearish" in #BankNifty
Keep following change in OI for further levels.
#OptionsTrading #StockMarketindia
𝗛𝗼𝘄 𝗘𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲 𝗧𝗿𝗮𝗱𝗲 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗖𝗮𝗻 𝗕𝗼𝗼𝘀𝘁 𝗬𝗼𝘂𝗿 𝗢𝗽𝘁𝗶𝗼𝗻𝘀 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆?
Options trading can be a highly rewarding investment strategy, but it is also a complex one.
One critical aspect of options trading is trade management, which involves managing trades actively to limit losses and protect profits.
In this article, we will explore how effective trade management can help options traders achieve their financial goals.
Link: https://bit.ly/3ROMeBp
https://bit.ly/3ROMeBp
Published a new Article on blog. Here is the details:
Weekly Analysis, Strategies and Trend for December 18–22, 2023 - The WeeklyTrade https://tradepik.com/weekly-analysis-strategies-and-trend/
When you're a full-time trader, nothing hurts more than losing everything in one day.
But that's the #market for you. It's unpredictable and unforgiving.
The only way to survive is to follow the risk management rules. If you do, you can stay calm and confident. If you don't, you can say goodbye to your money.
I have a system that keeps me balanced. I don't get too excited by profits or too depressed by losses. That's the mindset we need to have as traders.
Day 3: Closed with small profit.
Say no to fake screenshots! Check out my P&L - #VerifiedBySensibull https://verified.sensibull.com/ps/demanding-salamander/9Tpbevg0bRYWCa
#NIFTY50 #NIFTYBANK
Intraday Trend in #NIFTY50 looks "Bearish" based on Open Interest Data.
We can see a huge short buildup on Call side and a Long buildup on the PUT side.
Selling 27800 CE looks good until PCR at 27700 remains below 0.60.
Keep following OI data for further levels.
#Intraday Trend looks "Bearish" in both #nifty and #banknifty.📉
Important Support & Resistance levels are:
➡️ In Nifty: S= 21500 & R= 21800
➡️ In BankNifty: S= 47700 & R= 48200
A Good day to go short. Can Sell CALLs or Buy PUTs based on your trading plan.
Keep Following OI.
Hello traders,
As we wrap up 2023, I want to congratulate you on your trading achievements and thank you for your loyalty and trust. You have been an amazing community of traders, and I'm honored to share my insights and tips with you.
2023 was a volatile year for the stock market, but we managed to navigate the ups and downs with skill and strategy. We learned from our mistakes, we capitalized on our opportunities, and we grew our portfolios. We also had fun, made friends, and enjoyed the thrill of trading.
I hope that 2024 will bring you even more success, wealth, and satisfaction. I hope that you will continue to follow me on TradePik, and learn from my experience and expertise. I hope that you will enjoy every moment of the new year, and make smart and profitable trading decisions.
Happy new year 2024, my fellow traders. You are the best followers I ever had, and I appreciate you with all my heart. 💰
#HappyNewYear2024 #NewYear2024
Exploring the Significance of Implied Volatility in Options Trading: A Must-Know Concept for Traders
Learn what is implied volatility and how to use it to find high-probability options trades.
Link: https://bit.ly/41HOLk7
#OptionsTrading #Nifty #BankNifty #StockMarketindia
https://bit.ly/41HOLk7
𝗗𝗼 𝘆𝗼𝘂 𝗳𝗲𝗲𝗹 𝗹𝗶𝗸𝗲 𝗯𝗿𝗼𝗸𝗲𝗿𝗮𝗴𝗲𝘀 𝗮𝗿𝗲 𝗲𝗮𝘁𝗶𝗻𝗴 𝘆𝗼𝘂𝗿 𝗽𝗿𝗼𝗳𝗶𝘁𝘀?
You are not alone. Many traders are looking for ways to lower their costs and increase their returns.
But is that the best way to go? I have a different perspective on this issue, and I want to share it with you in my latest blog post.
In this post, I will explain why brokerages are not the enemy, and how you can make more money by focusing on other factors. You will also learn some tips and tricks to improve your trading skills and mindset.
If you are interested, please click on the link below and read the full article. And don’t forget to leave a comment and let me know what you think.
Read the full article here: https://bit.ly/3Lpl2Gr
Happy trading!
Sachin Sival
Founder, TradePik
https://bit.ly/3Lpl2Gr
“𝘛𝘩𝘰𝘴𝘦 𝘱𝘦𝘰𝘱𝘭𝘦 𝘸𝘩𝘰 𝘥𝘦𝘷𝘦𝘭𝘰𝘱 𝘵𝘩𝘦 𝘢𝘣𝘪𝘭𝘪𝘵𝘺 𝘵𝘰 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘰𝘶𝘴𝘭𝘺 𝘢𝘤𝘲𝘶𝘪𝘳𝘦 𝘯𝘦𝘸 𝘢𝘯𝘥 𝘣𝘦𝘵𝘵𝘦𝘳 𝘧𝘰𝘳𝘮𝘴 𝘰𝘧 𝘬𝘯𝘰𝘸𝘭𝘦𝘥𝘨𝘦 𝘵𝘩𝘢𝘵 𝘵𝘩𝘦𝘺 𝘤𝘢𝘯 𝘢𝘱𝘱𝘭𝘺 𝘵𝘰 𝘵𝘩𝘦𝘪𝘳 𝘸𝘰𝘳𝘬 𝘢𝘯𝘥 𝘵𝘰 𝘵𝘩𝘦𝘪𝘳 𝘭𝘪𝘷𝘦𝘴 𝘸𝘪𝘭𝘭 𝘣𝘦 𝘵𝘩𝘦 𝘮𝘰𝘷𝘦𝘳𝘴 𝘢𝘯𝘥 𝘴𝘩𝘢𝘬𝘦𝘳𝘴 𝘪𝘯 𝘰𝘶𝘳 𝘴𝘰𝘤𝘪𝘦𝘵𝘺 𝘧𝘰𝘳 𝘵𝘩𝘦 𝘪𝘯𝘥𝘦𝘧𝘪𝘯𝘪𝘵𝘦 𝘧𝘶𝘵𝘶𝘳𝘦.” – 𝗕𝗿𝗶𝗮𝗻 𝗧𝗿𝗮𝗰𝘆 𝘀𝗮𝗶𝗱.
The same applies to trading also.
Continuous learning is the only secret formula in trading.
We are trading in a market that is changing every single day. So if you want to succeed, continuous learning is the only strategy.
This is what I want to say today!
Have a profitable trading!
Best,
Sachin Sival
Founder, TradePik
P.S. The 𝗡𝗲𝘄 𝗬𝗲𝗮𝗿 𝗼𝗳𝗳𝗲𝗿 of the Mentorship Program is live. You can invest now for lifelong rewards. Click here: https://bit.ly/48yKwcS
#OptionsTrading #trading #StockMarkets
https://bit.ly/48yKwcS
#Intraday Trend looks "Bullish" in #Nifty and #BankNifty
Resistance has been shifted to 21700 from 21500, which indicates a bullish trend.
Important S/R levels are: 21400 & 21700 in #Nifty and 47800 & 48300 in #BankNifty
Keep following Change in OI for further levels.
#OptionsTrading
3 Things I've Learned in My 12 Years of Trading Career
Discover the invaluable insights gained from 12 years of trading experience as this article unveils the top 3 lessons learned along the way.
Read full article here: https://bit.ly/3vf6JOY
#options #optionsTrading #trading
https://bit.ly/3vf6JOY
From the last couple of weeks, Friday was giving continuous losses, so today I took the system in my hand.
I executed my rule-based strategies and then managed them on my own. and the result was awesome.
This is why I always say in my online webinars that technology (algos) is good if you use it to execute things. If you are only dependent on it, then this journey will be very tough.
So invest something in your learning first, then use technology to make things easier.
#stockmarket #trading #options #optionstrading
Published a new Article on blog. Here is the details:
6 ways Position Sizing Helps in Stock Trading https://tradepik.com/6-ways-position-sizing-helps-in-stock-trading/
Published a new Article on blog. Here is the details:
Indian Stock Market Prediction for Tomorrow https://tradepik.com/indian-stock-market-prediction-for-tomorrow/
90% Options Traders Loose Money!
But why and how do we change it?
Read here: https://bit.ly/3RnTq6d
#OptionsTrading #Options #trading #StockMarket
https://bit.ly/3RnTq6d
From 1.30 Lakh rupee loss to 13K loss.
That's the power of systematic trading.
Don't underestimate you system, just follow it with patience and discipline.
My Intraday Strategies: https://courses.tradepik.com/courses/learn-intraday-option-strategies-637b7cf8e4b0205773384131
Published a new Article on blog. Here is the details:
Reverse Jade Lizard Option Strategy in BHARTIARTL for December Expiry https://tradepik.com/reverse-jade-lizard-option-strategy-bhartiartl/