Good view. I think today's is just plain manipulation of Sensex expiry, I would ignore anything that happens today and will look at tomorrow for the direction!
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Keeping the music on!!
Endlessly curious about markets and finance. Options never stop exciting me.
Not an expert or advisor. Trade and tread cautiously!!
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Gap-ups are always the initial reaction. Happens without much activity in pre-market. Post that the price discovery happens during trading hours. There will also be cases that after a gap up or gap down, prices will continue in the same direction. So depends on a lot of factors.
On a lighter note. There is a saying. Amateurs open the market and professionals close the market...
I feel markets are going to breakout this range soon! Let's wait and watch. I have sold a 23300 short straddle. Just cos the premiums are too juicy
• Jan 16 11:27 PM
Give more details please. Age, Risk appetite, goals etc. Very less information to give any opinion
This gap up is likely to be sold into I guess. Global factors can only have downside effect :D That's how weak we are. Happy to change views, if we close above 23500 for three days continously!
Tomorrow I'm not sure. Yet Bank Nifty is showing some strength today. I'm of the view that we are likely to test 21500 - 22000 zone. Yet not sure if that will happen before budget. Next week can start to see some pre budget moves.
Tricky situation. Dollar Index is above 109. US markets are very close to ATH levels and clearly overvalued. Our domestic demand isn't great and growth is screwed up. So 23000 can be the next support. But I guess we are clearly in Sell on rise mode.
Options trading is a social service where we put our hard earned money and make everyone other than us rich. Brokers, exchanges, government, Big fishes like FII, hedges funds, prop desk traders and 1 percent of smart retail traders all benefit and just waiting happily for every n...
Dividend is being discounted on Future. Cos post dividend date, spot price will reduce by dividend amount
So you do everything right? :D Why not share some of your stories? Good and bad!
So have you backtested or forward tested this?
Enna maari training?
Easy to manipulate Nifty 50 & Sensex Intraday, difficult to manipulate in long term. However many small cap and mid cap stocks can be manipulated in longer time frames. Low liquidity & market cap
Wrong time frame to look. Cherry picking the time frame leads to biased and myopic view. Nifty 50 index funds and small cap funds have very different risk profile
Thanks for sharing!! Helps to learn from your experience!!
Bro. A pay off graph can help understand the Risk and reward better :)