BankNifty had an almost 28% increase in COI today. This COI increase in a large range day ( up or down) would have been justifiable, not in a range day like today. The only logic can be the coming RBI MPC meet from which someone is expecting something very very big
So I went back for the last couple of years and tried to check how BN behaves after such and increase in COI
Jan 23, 2023 • 5 tweets • 1 min read
Thanks to everyone who enquired about my well being. For the last almost 2 months, suffering from probable long covid symptoms.
1. I am a type 2 diabetic. Sugar etc was always under control. Now sugars, cholesterol etc have all shot thru the roof. HBA1C at 9 , ACR is 130
2. Joint pains at shoulder , xray-usg-mri does not find any physical reasons
3. Huge fatigue. Getting out of bed or going out is a chore.
One trade so far on #sentient . waited out the morning as no signals, bought the reversal after the selloff as per setup, out now
This was the trade as per setup. Logic explained, booked partial as per money mgmt rules, targeting explained
Oct 5, 2022 • 4 tweets • 2 min read
Not a clean bull case YET. I would be careful around this region. This weekly expiry might belong to bulls, but positionally a strong hurdle ahead
BTW, on candlesticks we had a BULLISH KICKER PATTERN. Rare and difficult to trade. But guranteed you won't get a boring market for next few days. Read 👇
This setup was shared on #Sentient on 23rd morning as a positional target for BNF
And this for Nifty fut. The chart/setup is self explanatory and I have openly explained this on twitter hundreds of times. This indicator combination is my bread & butter template
Sep 23, 2022 • 10 tweets • 2 min read
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
Sep 22, 2022 • 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
Sep 6, 2022 • 9 tweets • 3 min read
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 ?
Sep 5, 2022 • 4 tweets • 1 min read
What's up ITC ?
Disclaimer : running positions from lower levels. Whenever I post about ITC, please assume that I have positions
Jun 17, 2022 • 6 tweets • 2 min read
Good question. Let me explain this with the data I was watching. Will explain the current scenario too.
This is the NSE total AD line. See the move from march 2020 and the exhaustion from dec 21
Jun 17, 2022 • 4 tweets • 1 min read
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?)
Jokes apart, let's see what the charts say. I normally do not open systems on a Saturday, but this friday move, SGX dance and finally the fuel excise cut made me curious. Do read with a pinch of salt as my decision might be clouded by the fact that I am carrying longs 😎
Positive divergences on RSI and MFI
May 20, 2022 • 6 tweets • 1 min read
In early 2000s, we traded a stock called Ramco Systems. The stock was purely operator driven with regular buying and selling freezes. Such volatility attracted us daytraders like moths to a fire.
The bullish ones amongst us as well as the bearish ones, all lost money whatever we did. It was that kind of absurd moves, this was one operator whom we absolutely failed to decipher. So someone amongst us came up with a theory .
May 18, 2022 • 4 tweets • 1 min read
Hey cryptobros, see 29k on Bitcoin ? see it well, jee bharke dekh lo :)
This time I am actually shorting bitcoin. The time for "tawk" is over. Action now !
Short from 29628, trailig SL now at 29422
May 18, 2022 • 4 tweets • 1 min read
All ye option sellers all over the land,
Dont criticise what you don't understand.
For the times they are a changin...
( with apologies to Bob Dylan 🤣 )
In 2019, I traded 5 live expiries in front of 100-250 people. Was profitable in every one of them. 3 of them were open. Traders Carnival at Delhi and Goa, Kotak PCG at Mumbai.
Returns were 2 to 5%
I would like to see the gyanis of twitter do that freaking once, just once.
May 14, 2022 • 5 tweets • 2 min read
Since I am a firm believer in technical analysis, this is what I see on bitcoin2. You may differ if you are not a believer. As long as bitcoin trades below 29k, the following scenario is what is projected by the charts. View invalidated on two weekly closings > 29k
This is the chart. Do note the narrowing of the Bollinger Bands, this is symptomatic of a large move. Charts are suggesting a major breakdown
May 13, 2022 • 8 tweets • 3 min read
This question might have rose in your mind too, that why VIX was lower than yesterday despite the huge selloff today.
This is what I think happens . A thread.