The Rich Money TraderπŸ”₯
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NSE certified - Equity and Derivatives.
We teach people how to trade in Stock Market.
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Major resistance, as it is respecting from past 3 4 days.
And need not to be worried about this fall, V-Shapes moves are less likely to be sustainable. 42800 and 43000 re the major support.
So if you are an option trader so keep this thing in mind, iff vix goes up then the option premiums are likely to be less decay. Put options will increase rapidly and on the other side Call option premiums will not decay much.
In this kind of scenario, its really hard to manage in option selling positions πŸ˜…
Well banknifty made more damages than nifty. Had some losses today😁 willl see what it does on Monday.
Told you V-shape moves jyada sustainable nai hote hπŸ“ˆ
Stock - Britannia making double top kind of formation. Try to find bearish signals on intraday untill that doesn't break the resistance of 4680 level. Coming days you can expect a Breakout.
I am bearish on banknifty till expiry.
It will get expired tomorrow and i will get that 22 points as well
Banknifty gap up but still I am bearish on it. Will not change my views till 44100 level.
Most probably we can see a sideways market but I am open to take the opportunity.
This area we can expect reversals. If some reversal came then I will short some PEs as well
The Rich Money TraderπŸ”₯
Most probably we can see a sideways market but I am open to take the opportunity.
This the market of volatility. With low vix this type of market very hard to trade. Premiums bauht kam price mein milte h.
The Rich Money TraderπŸ”₯
This area we can expect reversals. If some reversal came then I will short some PEs as well
Reason yeh tha trade ka: gap fill hua aur rejection ke baad bhi bearish nature mein hi tha toh higher time frame mein I got chance to enter.
Yeh tha reason and stoploss day ka high.
43500 is the strong support for the banknifty.
Good morning guys.πŸ˜‡