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Subhadip Nandy Profile picture
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5 Jul, 4 tweets, 2 min read
For Quantifying Breakouts students, my warning should have been enough. MFI signalled a breakout buy almost at lows :)
Plus clear MFI divergence
( I don't prefer showing magic, everything has a logic) Image
charts/trades like these show why MFI is truly a leading indicator if you can read it correctly
great to see many students following the same logic, same trade ImageImage
This is the course :

quantgym.org/course/quantif…

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More from @SubhadipNandy16

Subhadip Nandy Profile picture
7 Jul
This tweet will create a lot of controversy 😀
But this is what the charts say : ( all rates Nifty spot)
1. Today we had a breakout
2. Tomorrow also we need to close above 15840 for this breakout to be valid ( Dow's two consecutive day closing rule)
3. Flag breakout with target 16840 by 20th Aug 2021
4. SL : close below 15779

What makes this very interesting is the high Risk-reward ratio. Risk can be easily controlled by appropriate options strategies ImageImage
RSI has given a breakout. But again, wait for this breakout to confirm by tomorrow's closing Image
Read 6 tweets
Subhadip Nandy Profile picture
7 Jul
Went home with a 36000ce-36400ce call backspread ( 1:2) 15th July expiry at Rs.8 debit.
If something major positive happens, a jump up in BNF should give good profits. If nothing happens and BNF gaps down, will be out with a small loss or adjust trade
Though this is a bullish view trade, if BNF gaps down big then will be minimal loss or can be even a small profit :) And I do have a smart adjustment plan if the trade goes against me
But BNF options liquidity has gone to the dogs :( Getting 1000 qty at a single rate is a huge pain
Read 4 tweets
Subhadip Nandy Profile picture
5 Jul
5th July plans :
Running bullish trades on NAUKRI since Thurday, time to get out today as news is positive overnight

Kotak is bearish. Will be looking for break and trading below 1710 to initiate bearish strategies

iBulhsgfin bearish, Will be watching for signs of breakdown

Read 5 tweets
Subhadip Nandy Profile picture
18 Jun
Will take this ON 😀 Straddle and strangle selling has higher POP, true. But if that method has that small risk of a single event blowing up your capital, you will blow up at one point of time unless you manage position size conservatively
1. Vol when it goes up will cover the time decay
2. Volatility is mean reverting,yes. But how does one know other than guessing that it will mean revert from here ? high vols are no guraantee for mean reversion
2a. At low IVs, the probability of long options succeeding increases exponentially. Why would I sell ?
Read 4 tweets
Subhadip Nandy Profile picture
15 Jun
Since I am showing a lot of technical patterns on my charts, here is a thread on patterns I wrote some years ago.
Go to book : Technical analysis of stock trends by Edwards and Magee
You will probably hear a lot of traders saying that markets have changed, gone electronic etc thus patterns do not work. Understand this, patterns are made by crowd behaviour. The crowd and it's emotions remain the same.
Plus if something has stood the test of time for over a hundred years, I will trust it more than some current fad #lindy_effect . So before you go into codes and stuff, it's always better to learn the classical analysis of the markets
Read 4 tweets
Subhadip Nandy Profile picture
15 Jun
If you remember, my original target in Zee was 235-240. One move of the 220ce from 10 to 19 done, out of trade. Will now scalp, keeping a positional trade a bit dicey
Now switching to 230CEs
expecting one small dip to re-enter
Read 5 tweets

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