January 29, 2021

Intraday Trading Strategy for Budget Day 2021 | Theta Gainers

 

NIFTY intraday charts

5 min:


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.


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 intraday charts

5 min:


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 25, 2021

NIFTY intraday charts

5 min:


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 intraday charts ... many reversal signals

5 min:


NIFTY EOD charts + RSI chart

- trend is up on daily charts
- today nifty closed 1.5% in negative at 14372
- AD was 1:3

- swing low support at 12200 spot
- next support 14000


- RSI trendline broken in this chart
- plus negative divergence 
- ignore Bollinger Bands





January 21, 2021

NIFTY intraday charts

5 min:


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 intraday charts

5 min:


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 intraday charts

5min:


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 intraday charts

5 min:


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

 

Solve this stolen money riddle

 




January 13, 2021

NIFTY intraday charts

5 min:


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.

 George Orwell

I disapprove of what you say, but I will defend to the death your right to say it.

 Voltaire

The right to free speech and the unrealistic expectation to never be offended can not coexist.

 Philip Sharp

At no time is freedom of speech more precious than when a man hits his thumb with a hammer.

 Marshall Lumsden

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.

 Alan Dershowitz

Ignorant free speech often works against the speaker. That is one of several reasons why it must be given rein instead of suppressed.

 Anna Quindlen

Freedom of speech includes the freedom to offend people.

 Brad Thor

There is a fine line between free speech and hate speech. Free speech encourages debate whereas hate speech incites violence.

 Newton Lee

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.

 Hugo L. Black


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 intraday charts

5 min:


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 intraday charts

5 min:


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



Forget the narrative... price matters


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 intraday charts

5 min:


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

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/SarangSood

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