Friday, October 2, 2020

Nymex Crude follow up

 

Nymex crude... without any hurdle reached 36.90 dollar as predicted (sell on rally)....

What is next...will do analysis tomorrow based on closing...



My take as such overall trend is sell on rally is intact from 29th September... (28th September Nymex high 40.58 may be the closing basis trailing s/l)...



S & P

 S & P high volatility ...with in the band....

ஐயோ பாவம்.... நம்மூர்ல SGX Nifty யை பார்த்துகிட்டு பல பேர் வேதனையோடு இருப்பானுங்கோ... 😄😄😄😄😄 நிம்மதியா தூங்குங்க பிரண்ட்ஸ் ...




Interesting

 

https://twitter.com/markminervini/status/1310724876689436672



Trading

 

Backtest... interpret..... backtest...interpret..... backtest...interpret.... fix the trading setups....trade...


Next week Option (selling) band

 

Based on weekly option volatility.... index weekly band posted in the hangout....

We can concentrate on selling option may be on wednesday or thursday..

This band may help you to determine the market to encash the premiums in both the sides...


Any Guess ?

 

Next week, more strength.....? selling weekly call or put ........

Check 11600 strike prices to get the answer...

I will go by swing points....not a positional take for sure...

I will post my analysis in the hangout soon...









S & P

 

S & P not able cross resistance.......

Refer last week S & P.... as predicted based on level...taken support and moved near to resistance...

Poor fellow....Trump tested covid positive..... 


Again, i am repeating volatility in nifty is going to be 638 points as per yesterday close...

Will post next week index movement band details in the hangout in due course...



Thursday, October 1, 2020

Don't waste your time....

 




Believe your knowledge

Fix the trading strategy with well defined rules and follow...

Mixing price action with levels (think different attitude) get rewarded most of the time...

ஆர்வ கோளாறான (Emotional) கும்பல் ஒரு பக்கமாகவே செல்லும்... அவர்களுக்கு  எதிராக  அறிவோடு செல்லுங்கள்... வெற்றி உறுதி....

Case study TCS.... (price action initiated the direction first, then news followed the price action)...



Think different.....


Asian paint - follow up

 Asian paint ...high formed 2047.....moved from 2026...

If, wants to hold...then hold....decision is yours guys...

https://twitter.com/Niftymetals/status/1311578951655936001..




Avoid

 

DR Reddy long trades.....


Congrats

 Vinod sir congrats.....your Bank Nifty 22000 call hit 245.....top band..

Will meet and celebrate today....💃💃💃💃💃💃




Nifty Range nicely obeyed...

 

Nifty our range 11449....high formed 11444..40.....

Lovely day......

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

Range

 


Nifty future range 11140 ~ 11449....




Lovely

 Nifty is flying....

The chart posted in the hangout, for the y'day post.... (no free lunch...)



Told, clearly more strength is on the Buy side...based on chart...not by assumption....

11400 put now is at 198.50....target as per hangout chart is 182.20

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


Why more strength is on Buy side...

 

My view with interpretation, details posted in the hangout....check and do analysis at your end...

Cheers....


10700 put covered at 52

 

Risk free trade with capital protection.....

Also...our weekly band call and put premium will be zero for sure...

Enjoy guys...

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

Today

 

Refer y'day post...

Sold 10700 monthly put options...(closed outside range)....book profit in the morning....and wait for next direction...

Cheers




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

Sold

 

Sold again option at 74.20.... will cover tomorrow ....




Titan Rocking

 

Titan hit first target 1213...

https://twitter.com/Niftymetals/status/1311188441376329728