Good

 

https://twitter.com/sardesairajdeep/status/1316595835342266368

Good News: Durga Puja organisers in Bengal to focus more on social service this year

This should happen always...

We should spend money on people need money on education...  

We should spend money on old people living in orphanage

We should spend money on people need food..

Don't give /spend money on unnecessary activities and unnecessary people... think wise... be a human.. treat human as human... 

God  never ever asked lavish celebration or money....  pray god sitting in your house... your prayers will be answered.... you don't need any broker or middle man to submit your prayers to god.... first keep your house vibrated/do poojas on your own in your house with family...you chant on your own in your mother tongue .. that is more important.....then things will improve drastically...  time to change.. do it... you feel more happy....

Cheers......  Happy Durga Pooja...let us celebrate in our home...

Nifty

 

Based on "long term reversal pattern".... my analysis posted in the hangout...check the chart at your end also..

This is for knowledge purpose..... read the pattern and take a note of it...

Any doubt call me....

Cheers...

S & P

 

S & P .... my take is, sell on rally..... 

I feel it may not close on weekly basis above 3562.....

Biden move on the cards...

Check the chart in our positional reversal chart... you will get lots of information... must read, because there is a formation/information for our market too...

Crude follow up

 Chart is self explanatory....if 4 hourly candle closes below marked area , then trend may be weak, with proper s/l on closing basis (last week high)

Gold

 

Gold chart is self explanatory...

More strength is on sell on rally...as long as trading below channel...

Volatility range is 1849.30 ~ 1948.90.

Weekly expiry as per range - our strike prices as per our analysis - both side zero...

 

Last week posted in the hangout....(weekly expiry range)....

Our selling options as per range is zero.... (11650 put option and 12150 call option ...zero today... check my post y'day...mentioned what is the strategy....)

Never told sell strike price 11700/11800/11900 put option....my selling put option strike price is 11650... expired near to that..... whoever sold put option above 11700, wet today...

Y'day posted selling ranges... (refer y'day post)

Calculations based on weekly band...

Top band 12479-300 = 12150 call sell

Bottom Band 11069+600=11650 put sell

Both zero today....

(Whoever sold put option 11800/11900 without knowledge trapped today)

=======

Tomorrow

 

Bottom band + 600 point strike price sold for tomorrow....

Top Band - 300 point strike price sold for tomorrow...

Perfect

 

Point taken...

What a move 23700 put...(hourly shift strategy)

 Completed the hourly shift sequence top also.....high formed 449.... (we exited at 184......from there 449)...what a move...

Hourly shifting strategy may only work for Thursday settlement ... designed only for settlement trade...(don't break your head and get confused)..

=========================

Hourly sequence 23700 put....moved to 184

 

Shifted happened at 1.15 candle.....at  94 and moved to 184 (my 1st level)...CMP 210)...

(This may not be posted in the hangout...since....this is weekly quick move...no time.... you have to check at your end and trade)..

Nicely encashed....

=======

Check

 

Hourly sequence change 23700 .... 184 ....

Hourly sequence 23700 put....moved to 184

 

Shifted happened at 1.15 candle.....at  94 and moved to 184 (my 1st level)...CMP 210)...

(This may not be posted in the hangout...since....this is weekly quick move...no time.... you have to check at your end and trade)..

Nicely encashed....

=======

Check

 

Hourly sequence change 23700 .... 184 ....

Sunpharma - Follow up

 

Book loss and exit sunpharma.....s/l not yet hit...still...no point in holding...CMP 495 (because index is trading below crucial level)

========

Sunpharma

 Sunpharma executed at 514...will hold with s/l 492 (hourly candle closing basis)...

Any change will update...

=============================

Sunpharma

 

Sunpharma ...looking strong.... any dip near 514 or cmp....buy with s/l 492....upside target 548....

Remember always stop loss is must....must....must....

Check

 

Hourly sequence change 23700 .... 184 ....

Finally ... going to be zero...

Today weekly settlement pick, 12100 call option strike price is going to be Zero.......... 

(Thursday...option selling margin is less...hence...volume trade...with logic...) 

======

Morning...first wicket....

=========

Sold

 

Sold 20 lots at 4.60...will be zero....(weekly settlement trade)

Sold 10 lot at 3.20... will be zero.... (weekly settlement trade)

Nymex Crude

 

Trend status : "Neutral".......refer my y'day post ..... 

No change.....

Naked option

 

Watching hourly sequence change....for entry... as such no change in one side move for the day...

Sold

 

Sold 20 lots at 4.60...will be zero....(weekly settlement trade)

Sold 10 lot at 3.20... will be zero.... (weekly settlement trade)

Index

 

Nifty future, range for the day 11908 ~ 12021...

Steve Burns

@SJosephBurns

·

Oct 13

A trading plan is a promise you make to yourself when the market is closed to not do anything stupid when the market is open.