Yesterday I gave a positional Nifty options trade on @CNBC_Awaaz . The trade was :
Short 1*15200CE and Long 2*15350CE ( debit 36)
SL was 15 mins trading below 15280 ( which did not happen). If this SL was triggered, one would have lost max 20 points, meaning Rs.1500 per lot
Today I would suggest booking profits around 15500 Nifty fut. The payoff graph is given below. One should make around Rs.5000-5500 per lot.
DO NOT carry this trade overnight today. SL for today is 15 mins trading below 15450
The trade given on the SBI was long naked 415CE June ( second half of the show). This was a BTST call, so book within 9.30 whether at profit or at loss
Too many novices on timeline, so this warning :
This is not a trade I am asking you to do today morning, this is a trade given yesterday. Today the debit should be higher, that is our profits
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Will start this thread with a disclaimer. I have never invested a rupee in cryptos 😀
But I have studied bull and bear cycles and financial bubbles extensively. Saw 1992, 2000, 2008 with own eyes. The first one as a novice, the next two when I knew to analyze
The amount of chatter I am seeing in friends, family and social media about cryptos has gone through the roof. For everyone, it's a dream to make 100x or even 1000x easily. Basically, become stinking rich easily
( it never happens )
In any financial bubble, the top is made in extreme speed and violence. The distribution happens on the way down. Unless one saw the rates of 65k on bitcoin, one wouldn't buy at 30-35k or 20k. That 65k is an anchor point which leads to greed
#emergency
3 units AB+ blood urgently required for a 23 year old admitted just now at Medica for ECMO. He is critical. Donor, if not vaccinated, no problem. If 15 days past after 2nd dose, no problem. If 1st dose over but 2nd dose not complete - donor is not eligible to donate
He started off his day with wrestling practice. Then full body massage by a pahalwan
Could eat a cooked whole goat in a single meal. Then could also eat 50 mangos. Then around 20 coconuts and a few litres of milk.
Before wresting used to practice with a "mugur" ( weights) for a hour to get his body ready for the rigours of wrestling.
When he spoke out against the superstitions and fundamentalism of hinduism , was threatened that he would be murdered. His well wishers advised him to be careful . He used to laugh and say " They live on rice and bananas, they don't have the strength or courage to take me on"
COI has risen yesterday, suggesting a single day long buildup.
A series of lower highs and lower lows in place on BNF. Supports mainly coming in around 30900 levels ( why ? see the pic )
For any bullish/long views, BNF must close above the 32200-300 region. Until that, major trend is bearish
A close below 30900 with some more rise in COI can take BNF down to 29600 levels ( as the long COI will then be trapped). Intraday traders should watch 31300 breakdown as the first signs of trouble. Only a close > 32300 will break this bearish structure