June 3, 2020

Market outlook

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If this works well, I will post everything in twitter and stop using blogger.

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NIFTY options range

NIFTY close10062Date3-Jun-2020
VIX30.00%
LevelsStrike priceSignificance
Month Hi10,93311,000Resistance
Week Hi10,48110,500Resistance
Day Hi10,22010,300Resistance
Day Lo9,9049,900Support
Week Lo9,6439,600Support
Month Lo9,1919,100Support
Levels are for day/ week/ month starting tomorrow
Strike price is arrived after rounding up/ down of levels
Range expansion if VIX explodes
For educational purposes only. Not for trading
Updated daily at vfmdirect.in

June 2, 2020

Buy signal on NIFTY index

- signal on kplswing indicator
- the last 2 signals (long and short) failed
- this signal will fail on close below 9500 or trailing 5 bar low

- whatever indicator you use, expect this to fail half the time
- so keep SL tight and let positions run as long as possible


NIFTY options range

NIFTY close9980Date2-Jun-2020
VIX30.00%
LevelsStrike priceSignificance
Month Hi10,84410,900Resistance
Week Hi10,39510,400Resistance
Day Hi10,13710,200Resistance
Day Lo9,8239,800Support
Week Lo9,5659,500Support
Month Lo9,1169,100Support
Levels are for day/ week/ month starting tomorrow
Strike price is arrived after rounding up/ down of levels
Range expansion if VIX explodes
For educational purposes only. Not for trading
Updated daily at vfmdirect.in

June 1, 2020

Market outlook

Daily charts:
- nifty is trading sideways and is now at upper end of trading range
- today nifty opened gapup and closed 2.6% in positive at 9826
- AD was 5:1

- good level for contra traders to be short 
- you are very close to SL (10000)
- I am not a positional trader in nifty 

NIFTY options range

NIFTY close9826Date1-Jun-2020
VIX31.00%
LevelsStrike priceSignificance
Month Hi10,70510,800Resistance
Week Hi10,24810,300Resistance
Day Hi9,98510,000Resistance
Day Lo9,6679,600Support
Week Lo9,4049,400Support
Month Lo8,9478,900Support
Levels are for day/ week/ month starting tomorrow
Strike price is arrived after rounding up/ down of levels
Range expansion if VIX explodes
For educational purposes only. Not for trading
Updated daily at vfmdirect.in

May 31, 2020

NIFTY monthly charts

- trend is down
- this month, nifty closed flat and has formed a doji
- all activity was within body of prev month bar

- resistance 10000


NIFTY weekly charts

- this week, nifty closed 7% in positive
- this is 2nd time, nifty has managed a close above 9500
- the first time it happened, nifty sold off the next week
- stiff resistance around 10000


BANKNIFTY technicals

- trend is down
- resistance 20000 support 16000
- this week closing was above prev week high


May 29, 2020

Market outlook

Daily charts:
- markets are rangebound
- today nifty closed 1% in positive at 9580
- AD was 2:1

- discount on nifty futures increased to 100 points at close
- this is something I have seen after a very long time
- a high discount means long positions in stocks are hedged with short position in futures
- low chance of markets falling from here... just a guess

Option range based on VIX

NIFTY close9580Date29-May-2020
VIX30.00%
LevelsStrike priceSignificance
Month Hi10,41010,500Resistance
Week Hi9,97910,000Resistance
Day Hi9,7309,800Resistance
Day Lo9,4309,400Support
Week Lo9,1819,100Support
Month Lo8,7508,700Support
Levels are for day/ week/ month starting tomorrow
Strike price is arrived after rounding up/ down of levels
Range expansion if VIX explodes
For educational purposes only. Not for trading
Updated daily at vfmdirect.in

May 28, 2020

Market outlook

Daily charts:
- trend is sideways
- both long and short signals have failed
- this is normal after a huge move

- today market closed 2% in positive at 9490
- AD was 2:1

- my rules for any indicator based trade /market are simple
- trade the signal but keep SL around  or 5 bar low (for a long signal and vice versa)
- this keeps losses small and at same time helps ride the range.
- above works for any timeframe say 5 min, 15 min or daily or weekly charts etc

May 27, 2020

Market outlook + options range

Daily charts:
- market is rangebound on daily charts
- till yesterday, I mentioned the trend as down
- with today's move, the SL of 9300 is gone
- you are of course, free to consider any other appropriate SL
- for eg, another good SL could be 9500

- today markets closed 3% in positive at 9315
- AD was 3:2

- on weekly charts, a higher high higher low is already forming
- above view is valid till weekly low does not break (8800)


kplswing signal


Options range

NIFTY close9315Date27-May-2020
VIX31.00%
LevelsStrike priceSignificance
Month Hi10,14910,100Resistance
Week Hi9,7159,700Resistance
Day Hi9,4669,500Resistance
Day Lo9,1649,200Support
Week Lo8,9158,900Support
Month Lo8,4818,500Support
Levels are for day/ week/ month starting tomorrow
Strike price is arrived after rounding up/ down of levels
Range expansion if VIX explodes
For educational purposes only. Not for trading
Updated daily at vfmdirect.in

Stock signals

ACC
ACC chart

New to the markets?

May 26, 2020

NIFTY options trading range


NIFTY close9029Date26-May-2020
VIX31.00%
LevelsStrike priceSignificance
Month Hi9,8379,800Resistance
Week Hi9,4179,400Resistance
Day Hi9,1769,200Resistance
Day Lo8,8828,900Support
Week Lo8,6418,600Support
Month Lo8,2218,200Support
Levels are for day/ week/ month starting tomorrow
Strike price is arrived after rounding up/ down of levels
Range expansion if VIX explodes
For educational purposes only. Not for trading
Updated daily at vfmdirect.in

Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed flat at 9029
- AD was flat

- see big red of 18-MAY
- nifty trading within that range for 5th consecutive day
- despite such narrow range, there have been very good intraday opportunities

- note that almost every gapup this month is being sold into
- this provides good ideas for short trades intraday

- trading above 9180-9200 spot will be bullish
- deep support 8500

Emotional discipline

Image