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Sep 22 • 4 tweets • 2 min read
Current update of these 55 min charts. Scenario looks precarious
For people commenting on that thread that " bola tha" or " you are wrong", kindly get a lesson in basic comprehension
This was a probable head fake which I have explained earlier. Longs playing the breakout/bounce are trapped now. 17440 and 40500 remains the critical breakdown points. Stops remain at 18100 and 41800
This is a SGX Nifty hourly chart which I had shared yesterday morning ( updated till now) on #sentient with a target of approx 17400-440. That's what this simple pattern analysis has been saying. The Trend/Vol indicator remained RED /bearish despite the sharp gap up and rally

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More from @SubhadipNandy16

Subhadip Nandy Profile picture
Sep 23
This is actually an interesting question and a correct observation. Many people before you also have made this observation, so I am going to explain this the best I can
I am trading since badla days. There being long meant you had to pay badla / interest and being short meant you received badla. Similar to an options buyer having theta burn and an options seller being theta positive. So the bias among pros were being short bit
Now, as of now I am an options buyer. All my strategies are geared towards options buying, so I have a theta burn continuosly. I do use strategies to cover that a bit, but still the burn is there
Read 10 tweets
Subhadip Nandy Profile picture
Sep 6
Image
Showing a simple data analysis, mainly OI/COI analysis to show how I pick up direction from OI. This pic is of COI ( cumulative OI of 3 months added) of BNF. See that huge COI buildup yesterday. OI = net longs = net shorts at end of day. Question is, who is winning ? Image
At close today, prices are
1. below today"s vwap
2. below yesterday's vwap
3. below 1SD of vwap of yesterday
4. below 1SD of vwap of today Image
Read 9 tweets
Subhadip Nandy Profile picture
Sep 5
What's up ITC ?
Disclaimer : running positions from lower levels. Whenever I post about ITC, please assume that I have positions
The COI buildup started from 26th August. I have drawn an anchored VWAP from that date, Once this AVWAP was crossed, this AVWAP providing support. As of now support at 319-20 range, stops to be below this and watch how far this goes
Read 4 tweets
Subhadip Nandy Profile picture
Jun 17
Good question. Let me explain this with the data I was watching. Will explain the current scenario too.

First read this :
investopedia.com/terms/a/a-d-ra….
This is the NSE total AD line. See the move from march 2020 and the exhaustion from dec 21
This is the Nifty 50 AD line, self explanatory
Read 6 tweets
Subhadip Nandy Profile picture
Jun 17
The sharp dip/selloff in March 2020 was followed by an equally sharp bounce-back and a bull market. Traders who have not seen a true bear market think that that's how markets operate.
Problem is that bounce-back was financed by money printing by all the central banks of the world
This bias I am seeing in a lot of tweets where people are jumping over each other in providing lists on what to buy. Everyone thinks that by being the first to suggest buys, they would be lauded as heroes when the market finally goes up ( it always ultimately goes up, right?)
One of the earliest things we learned as traders was
" DO NOT TRY TO CATCH A FALLING KNIFE".

This list sharing and enthusiasm shows retail is still not panicked or has given in by capitulation.

My view ? More pain ahead
Read 4 tweets
Subhadip Nandy Profile picture
May 27
As of now
BITCOIN
Interestingly, someone is providing support at the marked zone. But each bounce is making a lower high than the previous one
Read 4 tweets

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