Previous patterns......
Chart is self explanatory....
Watch the price action from here on.....
Thursday, September 23, 2021
Nifty
Nifty crash / reversal analysis identification....
Massive move started from 17th July 2020....still continuing....
Excellent Rally...never seen in my life....
Great learning / experience..... market and price action is always right......see the chart...
No corona / No economy.... nothing doing... market move is based on maths....
Market follows the maths of nature... universal rule "Nature is ultimate"...
ATH - Risk analysis
Assuming.. If.....market corrects ....tomorrow...
If it is going to be a normal correction, then reversal area is 13549
If if is going to be a crash like situation. i.e. 2008 / 2020...then reversal point is 10134...
So...always longs...keep proper s/l and trade....no over position....
Follow the swings...
If you follow the swings....100% you will not trapped in the correction for sure.....
Learn...Learn...Learn....
Will post the details of 13549 and 10134...soon in the hangout.....for knowledge purpose....
Above numbers are, just for knowledge purpose...
Cheers....👍👍👍👍👍
Same setup
Next week closing may be important.....
Exactly following the July setup....
==================
Volatility
Volatility week ahead.....before setting trend change....
Check July price action.....
Market is right....
Remembering 2008
இப்படித்தான் 2008 ல மார்க்கெட் ஓடிக்கிட்டு இருந்தது......
அதுவும் RPL / RNRL / RELCAPITAL / SUZLON / RCOM ...... etc...etc....are more speculative...
One fine morning...trousers are removed......
I still remember.... i never ever hold any position in the above speculative scripts...
That time i never use to trade in futures.....use to buy in equity and hold... will only trade in script options not in index options....
That time....I was holding Tantia Construction / LMW / BRFL and Hanung Toys (i deployed 30 % of my capital that time)... booked loss and exited without waiting.....(Loss on profit).... no effective loss...because, i never ever use to trade on speculative scripts from the beginning....
Message and Moral : Don't speculate.....keep s/l..... book the loss if the trend is changing.....don't hold the loosing positions..... money can be made, if you follow the rules....otherwise you will be bankrupt one day....
Bank Nifty
458 and 514 may be possible......
======================
Mr.Mulkey's....tomorrow setup - Identification...
My focus will be in Bank Nifty........ Mr.Mulkey has identified a setup.....posted in the hangout....
Check at your end and act....
Any change .... will inform in the market hours tomorrow...
Infosys 1720 call option - follow up
Infosys 1720 call closed @ 34...
Let us see tomorrow....
=======================
Infosys
Infosys 1720 call option strong support @ 12....and whole month trading above this level....
Any dip buy with s/l 10 closing basis and target 54....(even if you buy here CMP 23.75....s/l is same)...
Check the chart at your end and act based on your analysis.....
Cheers...
Mcdowell
Up by 8%.....what a move....
Now...it is "Trending" in India... 😂😂😂😂
https://twitter.com/search?q=%23Mcdowell&src=trend_click&vertical=trends
Reliance
Gupta....doesn't wants to keep quite.....😂😂😂😂
This 2500 is in buy from y'day @ 19.40......this man Gupta is entering for 10% move....😎😎😎😎
2500 call target visible near 36.80....
Morning session is over
Let us wait for afternoon session...if any entry...
Will go for "Tomchi" session.... Gupta may join...
37200 call - follow up
Congrats Gupta your 37200 call option... hit your 326 level...
Y'day he entered at 129.40....booked at 326.....
=================
Wow
Gupta exited booked profit 37400 call option @ 121...also entered y'day closing
and
37200 call option holding and he kept target 326 with trailing s/l 244.......enjoy.......
Wow
Gupta exited booked profit 37400 call option @ 121...also entered y'day closing
and
37200 call option holding and he kept target 326 with trailing s/l 244.......enjoy.......
==========================
Gupta
Says...
Entered 37200 call option @ 129.40 and will hold for tomorrow...
(No position from my end in naked options).....
Index
Focus on Bank Nifty option....
Which side......
Mr.Mulkey side .....
Cheers....
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Learning is a continuous process.... keep learning.... be active and be positive
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