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Feb 16 • 4 tweets • 2 min read
COI suggests positions still in the system, options positions have increased yesterday
BNF :
Expecting resistance to come in between 38300-400 region
Support at 37600

Nifty fut= Resistance 17350-400 region
Support at 17150
Until BNF closes above 38750 by end of day closing and NF closes above 17500 by end of day closing, will not be looking at the indices as strongly bullish
Let me be more specific. I am looking at yesterday's moves as a counter-trend bear market rally within a bearish market structure. Will be looking to go short if I get a breakdown signal. WILL NOT GO LONG HERE

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More from @SubhadipNandy16

Subhadip Nandy Profile picture
Feb 16
My experiences in trading through various international locha events, high VIX and various events.
A thread
I follow the news, but never think of myself smart enough to predict what is finally going to happen. I am not a geopolitical expert, smarter brains than me are analyzing and acting on the news
Their actions are reflected on price, volume, OI. Following the data keeps me at par with the latest news
Read 15 tweets
Subhadip Nandy Profile picture
Jan 23
The most common problem faced by day-traders and it's easy solution which is extremely difficult to implement.
A thread.
( uses concepts I have discussed many times before in separate threads)
Problem : I have a good system, I understand charts and/or price action, but I simply can't make money. I hold my losses too long or ( this is most common) I get out of profitable positions too fast and cannot sit for the whole move
At many firms at NASDAQ, day-traders are seen as elite sportspersons playing in a difficult taxing game. That's why, they have regular sessions with sports psychologists. They are advised to follow the basic routine of sportspersons.
Train ---- Play tournaments --- Rest
Read 15 tweets
Subhadip Nandy Profile picture
Jan 16
Me not throwing muck in response over the past few weeks was a concious choice. Have my own trades and have responsibility to my students.

But my silence is now being construed as a sign of weakness, so just setting the record straight
Mr. Kora Reddy and Sushil Kedia has kindly named me #datagandu. Since they have used the term "data", I shall speak and answer allegations with data.

No throwing muck in the air out of nowehere.
First allegation : I was a clerk in ATMA under Sushil Kedia for 35k per month, I begged for the job and was "fired" or " kicked out" by Sushil Kedia
Read 18 tweets
Subhadip Nandy Profile picture
Jan 14
Thanks Gautamda.

COI analysis helped me on the bearish view on the way down, and then the subsequent bull move with 18350 target.

However, scenario now is a bit murky. Read the tweets below ImageImage
BNF showing long liquidation while NF showing long buildup. In my experience, whenever the two indices shows divergent behavior, it's very difficult to cleanly trade the indices. We are probably starting a time-price correction
Traders will do best if they let this scenario resolve over the next few days before trying to trade the next trend move. Everyone makes money in a trending move but majority give back during this congested times. So, I will stand aside and give time to markets .
Read 5 tweets
Subhadip Nandy Profile picture
Nov 27, 2021
Some excellent responses to this thread on how people manage risk. Let me outline my process. I will write it step by step, break it down and explain my logic. Not necessarily these are iron rules, feel free to understand and then add/modify what suits you.
So let's repeat the scenario again. You are with an overnight position, the market opens huge against you ( long or short does not matter). What do you do then?
Step 1 : start the relaxation technique as outlined in earlier thread.
Now these are your choices :
1. Double the position, averaging with hope that a slight favourable move will reduce your losses
2. Totally reverse the position, say from long to short
3. Cut the full position
4. Cut half ( "when in doubt, cut half position ")
5. Keep holding
Read 19 tweets
Subhadip Nandy Profile picture
Nov 27, 2021
Grab a cup of coffee and read on, I hope this will be a very interesting topic to discuss.

What do you do when you have a position over night and the market gaps significantly against you?
( you are looking at significant M2M loss)
I have faced this scenario quite a few times in my life, which is normal when you are in the markets for 20 years. 😃 When this happens, this is what I felt :
1. Heart starts racing ( your heart beat actually increases)
2. Body tenses up
3. You start breathing fast
There is a physiological explanation for this. Humans are genetically programmed to get into fight or flight mode when in danger.
More here :
health.harvard.edu/staying-health…
Read 9 tweets

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