No trade for now, just wait
OI data indicating buying
Today, follow ORB in nifty as it will be a volatility breakout
If you use Bollinger band
Longshot ratio stands at 35% now
Bounces back saved unnecessary stop loss hit
Sell signal is there now in nifty
Bank Nifty as hit its resistance 51400
RBI gave hope for rate cut, leading mkt again
Got around 900 profit
Maximum profit, we can get around 3800
We can create a short straddle
Soon we can expect some bounce back another 10%, I suppose
Nifty opening above its important level 25,050
Last night, US market close in deep Green
Candles, ore bit red
Candles and OI data are indicating different directions
You will see that there is a dip in volatility in nifty
Is trading around it, support level
All the global markets are also trading flat
But better to wait till 24980
If you have taken a call book profit or shift stop loss below 51300
Rise is visible however still no by signals in nifty
MPC impact can be seen today as well
Put your stop loss to around 1800 to 2000
Sell 25,000 call + sell 25,000 put
Looking at the open interest, nifty is expected to expire around 25,000
Longshot ratio has dropped to 38%
Today, TCS and Tata elxsi will declare their results
Asian markets are trading positive