Index trading with CA Nitin Murarka (SMC)
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According to a study by market regulator SEBI, nine out of 10 individual traders in the equity F&O segment incurred net losses during FY 2018-19, FY 2021-22, and FY 2022-23. Derivative trading is highly risky, so exercise caution when trading in options.
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Please refer to the Premium Index Trading Channel performance sheet with timestamps. It is shared daily after market hours on the premium Telegram channel for your reference to analyze our trading pattern
✳️ In December, we maintained a 70% hit ratio with gross profitable points of 277, excluding brokerage and taxes.
•Asian markets trading higher; focus on US GDP data later today
📈 Market Wrap (Monday)
• Sensex +0.75% (+638 pts) to 85,567
• Nifty +0.79% (+206 pts) to 26,172
• Gains extended for 2nd consecutive session on positive global cues & stable rupee
• Nifty above 21-DMA (26,000); key resistance at 26,200
• Investors’ wealth up ₹9.52 lakh cr in last two sessions
• Market breadth strong: Advancers > Decliners
• Midcap +0.86% | Smallcap +1.12%
• FII sold ₹457 cr, DII bought ₹4,058 cr
• IT top gainer (+2%); most sectors closed positive
➡️ Short-term trend positive, breakout above 26,225 spot crucial.
✳️ Data indicates strong call writing at 26,200, suggesting a high probability of monthly expiry below 26,200 spot levels today.
data is weak/ sideways as of now
26200 calls entry range -105-110 moved cmp 135++ ( target hits)
26200 next week calls cmp 140
data today = sideways as of now @ 10.30 am
calls sellers @ 26200 and puts sellers @ 26150 and 26100 strike indicates = sideways move
Trading strategy for today: Follow a buy-on-dips approach and avoid puts as the overall trend remains positive.
PCR DATA IS flat but trading with positive bias