January 29, 2021
NIFTY EOD charts
- trend is down on daily charts
- there was a sell signal yesterday but it was a doji
- today, markets failed to sustain above prev day high and sold off
- close was below prev day low
- close was 1.32% in negative at 13635
- AD was 4:5
- AD in past few days has been good (or not very bad)
- next support 13000
- Monday is budget presentation
- looks like market has no expectations from it
- or is expecting it to be worse than normal
- let's see
Wall Street hates being taken for a ride but is ok with taking others for a ride
This post is all about how Reddit amateur traders trapped a Wall Street hedge fund and caused a loss of 2 billion dollars via a massive short squeeze.
Many Reddit traders became millionaires after investing barely 20K-30K dollars in call options.
Full article link at https://www.theguardian.com/business/2021/jan/28/gamestop-how-reddits-amateurs-tripped-wall-streets-short-sellers
Wall Street did NOT like this and tried everything to break the retail traders.
They even went to the extent of stopping trading in the stock so that they could reduce the losses.
Here is a collection of responses... shows how much the retail hates Wall Street:
January 28, 2021
NIFTY EOD charts
- today nifty closed 1% in negative at 13817
- the kplswing indicator has given a sell signal on daily charts- however the signal is unreliable as today's candlesticks was a small doji
- also while nifty closed in the red, AD was positive
- infact even yesterday, though markets tanked, the AD was 1:2
- so there are signs of buying at lower levels
- this is a good sign as of now
January 27, 2021
NIFTY intraday charts
- we are seeing clear signs of time reversal on hourly, 30 min and 15 min charts
- any simple mechanical system should have given ample warnings
5 min:
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed 1.5% in negative at 13967
- AD was 1:2 (not bad)
- VIX up 4% to 24.3
- 5 or 10 day trailing SL would have stopped out long positions
January 26, 2021
January 25, 2021
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed 1% in negative at 14239
- AD was 1:3
- note minor swing low at 14220
- below this next support around 14000
January 22, 2021
NIFTY EOD charts + RSI chart
- trend is up on daily charts
- RSI trendline broken in this chart
- today nifty closed 1.5% in negative at 14372
- AD was 1:3
- swing low support at 12200 spot
- next support 14000
- plus negative divergence
- ignore Bollinger Bands
January 21, 2021
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed 0.4% in negative at 14590
- AD was 1:2
- there was an intraday selloff of 200 points
- some volatility will happen as index nears some important psychological level
- today this region was 50000 on sensex
- next region can be around 15000 on nifty
January 19, 2021
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed 1.7% in positive at 14521
- AD was 3:1
- VIX dropped 6% to 23
- yesterday, I got stopped out on many stocks (EOD)
- many of these stocks recovered smartly today.
- whipsaws is a part of the game.
- swing low around 14200
January 18, 2021
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed 1% in negative at 14281
- AD was 1:4
- trend reversal level is 13000 on daily charts
- reversal level for lower timeframes is posted separately.
- trailing SL at 5/ 10 bar low say around 14000
- midcaps tanked 2.5%
January 15, 2021
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed 1% in negative at 14434
- AD was 5:13
- today was first lower high lower low after 10-15 trading days
- support 14000
January 14, 2021
Thread on why markets not falling inspite of PE around 40
Market PE at 40 and yet the market is not falling, why? Getting asked this question multiple times. Here's a thread covering ‘very basic’ premier on valuation for my retail investor friends.
— Kirtan A Shah (@kirtan0810) January 14, 2021
Do hit the ‘re-tweet’ and help us educate more investors (1/n) pic.twitter.com/8oCkBmmOXY
January 13, 2021
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed flat at 14565
- AD was negative at 1:2
- support 14000
Freedom of speech meaning...
If liberty means anything at all, it means the right to tell people what they do not want to hear.
I disapprove of what you say, but I will defend to the death your right to say it.
The right to free speech and the unrealistic expectation to never be offended can not coexist.
At no time is freedom of speech more precious than when a man hits his thumb with a hammer.
Freedom of speech means freedom for those who you despise, and freedom to express the most despicable views. It also means that the government cannot pick and choose which expressions to authorize and which to prevent.
Ignorant free speech often works against the speaker. That is one of several reasons why it must be given rein instead of suppressed.
Freedom of speech includes the freedom to offend people.
There is a fine line between free speech and hate speech. Free speech encourages debate whereas hate speech incites violence.
Freedom of speech means that you shall not do something to people either for the views they have, or the views they express, or the words they speak or write.
Source: https://3speak.co/intl/about_us
January 12, 2021
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed 0.5% in positive at 14563
- AD was flat
- trailing SL around 14000
- incidentally HDFCBANK was up 2% and RELIANCE up 3% today
- their total contribution to nifty was approx 120 points
- despite rising markets, options are becoming expensive
January 11, 2021
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed 1% in positive at 14485
- AD was negative at 2:3
- 5 day low SL now around 14000
- VIX jumped 9% to 22.4
January 8, 2021
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed 1.2% in positive at 14347
- AD was 5:4
- swing low support 13000
- minor support 14000
January 7, 2021
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed flat at 14137
- AD was 2:1
- swing low support 13000
January 6, 2021
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed 0.4% in negative at 14146
- AD was flat
- support seems to be developing around 14000
- sequence of higher high higher low is not broken so far
January 5, 2021
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed 1.2% in positive at 14199
- AD was 5:4
- support 13500-13000
- many people have been shorting this rally from past 1000-2000 points
- kindly avoid taking contrarian trades
- no reason to short market just because it has gone up too much or
- you feel a correction is long overdue
The Lindy Effect applied to stocks
Consider investing in a new company only after (a) 5 years of listing history and (b) stock is trading near all time highs#lindyeffect pic.twitter.com/HdxpdD95Ak
— KPL (@vfmdirect) January 5, 2021
January 4, 2021
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed 0.8% in positive at 14133
- AD was 2:1
- trailing SL at 13800 (5 day low)
- swing low at 13000
January 2, 2021
Understanding DELTA is enough to take benefit of greeks in options
Read complete thread at https://twitter.com/SarangSood/status/1345268369117777920 More similar threads at https://threadreaderapp.com/user/SarangSoodTHREAD ON DELTA (The most important GREEK)
— Sarang Sood (@SarangSood) January 2, 2021
Many traders don't indulge in understanding GREEKS because they think they are very complicated.
There are 4 primary greeks:
Delta
Gamma
Theta
Vega
In my experience, understanding DELTA is enough to take benefit of greeks.(1/n)
January 1, 2021
Subscribe to:
Posts (Atom)