Discover and read the best of Twitter Threads about #nifty50

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#Nifty spot rally which started at 10636 has got resisted at crucial level of 11145. Close above 11182 would have confirmed posting of higher top which didn't happen. Also index has closed below 61.8% retracement of entire rally of 505 points. 1/n
#Nifty50 is now continuing downtrend and should find resistance at 10900-11050 on upper side.Close above 11050 would be the first signal to turn neutral from bearish mode. RSI on daily chart had made negative reversal at higher level of 11141 which also confirm continuation. 2/n
Now, all eyes are fixed at 78.6%retracement level of short rally but we don't think that should matter now. We should rather look at posting new low below 10636 which could be in the range of 10530-10545 zone or even lower. CCI has again turned negative and crossed below -100.3/n
Read 5 tweets
#Nifty low-IV strategy - I will call it "Krauncha Vyuha" Crane-shaped strategy.

lf stays between 10900-11400 then ThetaDecay max profit at 11111 for 31k.

If goes above 11400 then minimum loss

if goes below 10900 - exponential profit.

Vega High+ve, Theta & Delta slight -ve.
For educational purpose here is the Greekvalue #Nifty
#nifty #nifty50 booked partial profit on downside from options strategy, (exited 2lot of 11100 CE sold) now position looks like below. If nifty tries to touch 11k again, will do the same Crane Shape by selling 11100 CE
Read 3 tweets
long thread on where to look for excess returns in #nifty50 india index , data from 31 jan 2008 1/n
plain nifty returns , 701bps CAGR !!
top 10 marcap weighted portfolio re-balanced at each year end , at 2008 31 st jan , the portfolio is
Read 29 tweets
Bearish Engulfing Trade Setup in #nifty50
1. Engulfing Candle Trade Setup:- Why Engulfing Pattern is very popular and works most of the time.
2. What’s the Bearish Engulfing setup :-
i) There must be a uptrend prior to setup.
ii) High of candle is above previous candle high and low is below previous candle low.
Read 10 tweets

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