28OCT2021

28 oct. 2021

Indian Indices (Fut) Last Session:
🔴 #Nifty broke the 18267 support and closed near day low. #STBT #BearishBrokenWingStraddle (-2x ATM CE, -1x ATM/OTM PE)
🔴 #BankNifty broke 41054 support and closed near day low. #STBT #BearishBrokenWingStraddle (-2x ATM CE, -1x ATM/OTM PE)

Institutional Data:
🔴 FII's sold 15,000 cr stocks, 6,000 cr index futures in last 6 days. FII have sold 22,500 Cr stock futures in last 30 days.
🔴 SmallCap & MidCap indexes are down by 6-7% from top. While #Nifty and #BankNifty still enjoying trading near ATH.

Technicals:
🔴 Nifty made #TweezerTop on daily TF. Its still trading inside the rising regression channel. 18000 crucial for bulls.
🟢 Nifty RSIStairs bullish in all TF H/D/W/M. D(60.88), W(74.88), M(80.74) & ADX D(38.39). Momentum in favor of bulls.
🟢 Nifty trading above SuperTrend(10,2) & all major moving averages 20/50/100 in H/D/W TF. 20DEMA 18047. All bullish.
🟠 With quarterly results over for major #Nifty heavyweights, & FII's selling heavily next 1-2 months will be cautious.
🟠 BankNifty RSI after testing 80 mark on daily gave first sign of profit booking. 41800 looks like a interim top DCB.

Global markets (Last Session):
🔴 US markets closed mixed in a narrow range session. Dow/SPX closed lower while Nasdaq closed high with marginal gain.
🟠 European markets had weak opening and closed marginally lower at lowest point of the day. Global ETF's closed lower.
🟢 US 10YR yield cooled off 44.16% to 1.54. DXY fell 0.13 basis points to 93.80. Brent crude closed 2.25% lower @84.16

Global markets (Morning Cues @08.15 AM):
🔴 Asian markets trading lower. SGX trading up by 4 points indicating a muted opening in the Indian benchmark Indices
🔴 US & Europe futures trading flat. Cues bullish. Instead of chasing gap up one can look for SellOnRise opportunity.

Intraday Index Futures Levels
🟠 IDX Levels adjusted expecting flat opening. All TF bullish. Global cues are positive. #ParticipantData FII Bearish.
🟠 #Nifty Fut. 18013/18077/18107/18162-18240/18306/18346/18405. RDX Score- 15M(-4*)/75M(+2*)/1D(+3*)/1W(+6*) #Caution
🟠 #BankNifty 40041/40196/40528/40750-41108/41319/41426/41669. RDX Score- 15M(-5*)/75M(+2*)/1D(+6*)/1W(+6*) #Caution
#MarketOutlook #TradePlan #PreOpenUpdate #IndexFutLevels (View all levels only at 15M candle closing basis)

Intraday Index Trade Plan
🟡 #Nifty trading & sustaining above 18267 on 15 MCB can move higher. Nifty will turn weak on daily closing below 18088
🟡 #TrailSL and #Hold the #STBT #BearishBrokenWingStraddle (-2x ATM CE, -1x ATM/OTM PE) trade taken in #Nifty yesterday.

28 oct. 2021

Note

Standard Disclaimer:

All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members/followers learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.

All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max us e it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).

🟠🟠🟠 Important Points To Remember: While trading never risk more than 1% capital per trade. While trading FnO always trade using risk defined strategies. NSE derivatives are leveraged 6-8x that means 12-15% move against you can wipe out your whole capital if the risk/money management is not proper. And stocks can easily move 10-12% due to some news. Before entering any trade see if the R:R is favorable or not.

28 oct. 2021

Note

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🟢 Yesterday #STBT #BearishBrokenWingStraddle (-2x ATM CE, -1x ATM/OTM PE) view worked well and gave very good profit until and unless one would have hold it till last minute.
🟢 Today last 30 mins fall was very fast. So took a contra call to go for #BTST #BullishBrokenWingStraddle (-2x ATM PE, -1x ATM/OTM CE) keeping in mind the weighted avg close.
🟡 Reason for 29OCT BTST was many would have bought PE to save their loss making index long positions. In case market open gap up or flat the Nov PE will lose its premium.
🟡 Also if market moves higher then VIX would collapse leading to a premium crash and give some gains. Whatever market offers would see. In case head south will exit in loss.