Short term analysis of Nifty using volume analytics and OF:

17448F- 17496F: Largest positions of today are built (longs absorbed at highs, shorts in control until high is taken out)

(1/n)

#StockMarket #Nifty ImageImage
Black zone to the downside shared from last week 17060-17202F: Largest longs of big guns are present who also defended the downmove yesterday

(2/n)
We need fresh longs to be opened to take prices up from here on intraday basis. Until 17060F is taken out, bulls are on control on short term basis.

(3/n)
I will not hold positional shorts in this market until we break 17060F or if data shows more shorts being added at highs than longs at the zone.

If you liked the analysis, like and re-tweet for max reach.

Follow @KillerTrader_ for regular insights into volume based data

(4/n)
Charts and data powered by @gocharting

#StockMarket #trading #Nifty
Bottomline context is sideways to bullish for now

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More from @KillerTrader_

Aug 8
Improve your volume analysis using volume profile.

A thread on volume profile 🧵

Traditional volume indicator is widely used by almost every trader.

But it has a handicap: It shows volumes transacted from a time POV but not the price POV.

(1/n)
This is what traditional volume analysis states. But in reality, how effective it is?

(2/n) Image
It simply shows volume from a timeframe basis. 5 mins volumes on 5 mins TF and so on.

But, is there a different way to read volumes from a price basis? Like, where did largest buying or selling by big players come in?

Read to find more.

(3/n) Image
Read 24 tweets
Apr 16
Behavior of a typical trader and how to avoid it (with personal example)

A 🧵

#stockmarkets #trading
Confusion:

When the tape starts running at 9:15, the trader would be confused what to trade, whether stocks, or index, futures or options.

If you are a new trader or struggling in the markets, do not try to trade everything that moves. Result at EOD would be

(1/2)
drained account and emotions. Have a plan and have a plan to make a plan. Which means, define a process using which you will do your homework/EOD analysis/trade plan for next day.

Most traders do not make a plan because they do not know where to start.

(2/n)
Read 11 tweets
Mar 5
How to build a successful trading mindset?

A thread 🧵

There is a lot of talk about trading mindset or psychology. But what exactly is trading mindset?

#StockMarket #trading

(1/n)
Trading mindset is the state your mind is in, the thoughts that flow through you and the basis on which you take make various decisions about trading.

(2/n)
More often than not, we know there are certain rules to this business, we know the rules we are supposed to follow to stand a chance to be successful in this business, but we are not able to.

Why?

(3/n)
Read 13 tweets
Sep 19, 2021
Confused about various tweets mentioning #Nifty levels like back to 12k or next leg upto 21k etc?

Here is my solution:

(1/n)

#StockMarket
Nobody, I repeat nobody with their projections knows if NF will hit 21k or not. All the price projections tools like fibs, cycles, fans, waves are just that. "PROJECTION" tools.

(2/n)
At all time highs, they are not backed by actual supply/demand running in the market in unchartered waters. How can someone call 21k resistance when price never touched 21k and did not see selling?

(3/n)
Read 7 tweets
Aug 28, 2021
Common price action trading mistakes that cost me lakhs of rupees:

A thread 🧵

1. Front running the market based on my analysis:

Any analysis we do should be proved by market as correct before we jump into a trade.

How?

(1/n)
Example:

Mr. X marked 1500 as a strong support in HDFC Bank. Next day, stock opened at 1510, came down and hit 1500.

ABC went long in the stock. A few minutes later, stop got triggered. What went wrong here?

(2/n)
1500 is support for HDFC bank as per Mr. X but he did not wait to check if market validated his opinion.

At supports and resistances marked by a trader (you), wait for market to show the stock is actually taking support/resistance at those levels.

(3/n)
Read 16 tweets
Jul 23, 2021
A long thread and a rant:

It has become fashionable to see many traders tweet their months old stock picks which have given 2x-3x.

I am happy for them....But

(1/n)
While re-tweeting them each time they make a new high and upgrading the targets and potential over and over again,

Traders seeing their feed would jump in and buy at any price running on the tape.

(2/n)
Understand that the traders tweeting it may be holding it, may tweet it for their ego boost or for their own feel good moments.

But it doesn't mean you should get enticed seeing the run up of a stock and buy at any random prices.

(3/n)
Read 7 tweets

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