Things are getting increasingly interesting. Now NIFTY fut in VolXplosion. As usual, I have marked the last few times this signal came, you can check how Nifty behaved after that
Let me show something else on Nifty fut. This is the " extreme top bottom" marker. A play on MFI, code is open for Quantifying Breakout students. This is suggesting a probable top in place . The pic shows signals over last one year. Right in green tick, wrong in red cross
In short, Nifty is extremely overheated. Does not mean it cannot go up, but one should be very very cautious here. Still no divergences on charts from momentum oscillators
I will risk making a forecast here. Trend is still strongly up, so keep dancing till the music is playing.. but stay close to the door. If Nifty fut closes below 15660, that would be the time to go short with the ATH as stoploss
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We have started taking a bullish position on ITC aiming at the results tomorrow. Trade is through an options strategy with zero or minimal loss and large profits if correct. Would you like to see the trade ?
OK, here is the position. Be aware that we are already in the position and are running at a small profit
Sell 1*210CE and buy 2*222.5CE June
Call Backspread
Nifty fut and BankNifty fut : positional structure analysis through classical technical analysis. This does not mean the indices will go up straight from tomorrow and you can buy far OTM weekly options. I am using this as the main structure to time by bullish trades
Nifty fut at All Time Highs 1. No divergences 2. Trendline brkout on price 3. Breakout on RSI 4. Breakout on MFI 5. MACD slope firmly up 6. Momentum in tandem with price
Targeting for this move. I break up the targeting as per my experience ( i know it's not classical). The BLUE line is the classical target, but I don't have that kind of time patience
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
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"