General Trading Chat

[Raj232]

A lot of dojis in Banknifty recently. Don't remember seeing such a scenario.

Then it ends at a crucial place, near a trendline.

View attachment 49881

DOJI refers to lack of decision where to go.. so it closes at the same place due to an equal fight between bulls and bears.

somehow next day it opens gap up.

 

[Raj232]

Hope all made good money ....

 

[Nish]

DOJI refers to lack of decision where to go.. so it closes at the same place due to an equal fight between bulls and bears.

somehow next day it opens gap up.

FII heavy short position unwinding may be doing all this bull magic !
But they wo'nt stop selling , until confirmed daily / wkly upper high - upper lows begins , I guess !

 

[Nish]

So *twice BN knocked on 43250 door ! * , factor worked perfectly after the 3rd knock forced open the bull gate !
Now as BN has surpassed imp 43600 level on daily chart, but further confirmation need on wkly close abv the level - Hope so !

But if failed, then again the journey from 45000 to 40000 may resume sooner or later.

BN posible lvls for 08 Nov, 23 ???
Pl do ur own study !

 

[Nish]

BN 43700 PE doubled in just 15 min !

 

[timepass]

BN 43700 PE doubled in just 15 min !

43900 pe too.
Yeah. But before that it crashed down from 300 to 180, enough to break TP's morale. Got out at 7 points

 

[Nish]

43900 pe too.
Yeah. But before that it crashed down from 300 to 180, enough to break TP's morale. Got out at 7 points

Long back, I also learned to avoid trading till first 45 min in the morning !

10:00am , 11:00 and 1:00pm are best time to try an option trade !

 

[timepass]

The screen says "Buy Banknifty CE", the heart says "NOOOOOOOO"

Anyway, those CEs are trading at a discount to the spot, while the PEs are at a premium.

 

[Nish]

The screen says "Buy Banknifty CE", the heart says "NOOOOOOOO"

View attachment 49886

Anyway, those CEs are trading at a discount to the spot, while the PEs are at a premium.

View attachment 49887

In choppy or RBound days, I personally prefer short-side trades , i.e. Buying PEs !
Most are good enough - at-least not lossy !

 

[timepass]

In choppy or RBound days, I personally prefer short-side trades , i.e. Buying PEs !
Most are good enough - at-least not lossy !

Choppy days chop you either way, CE or PE. My experience says so