RSI is in oversold category and sellers seems exhausted. Gap rules are in play. If yesterday's high is taken out, it will quickly fill the gap and may expire at 30500.
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Index Options Trader
I do mostly swing trading using Index options. I post my trades here just to help budding traders to learn and educate themselves. I always believe knowledge should be shared and free.
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Paper Trades
Stocks
• Feb 27, 2020 5:43 AM
View validated!!
NF may stage recovery from here as index is at major support and dem...read more
1
Double bottom pattern formed on daily charts, 1HR MACD is near reversal, NF and BNF is at major support and demand zone. Index leader HDFCBANK took support and formed good hammer candle.
It's a positional trade valid till 26-Mar-2020
• Feb 14, 2020 9:29 PM
This FPIs exit and entry plan in Indian stocks may give us sell and buy opportunities in Index trading....read more
• Feb 14, 2020 9:15 PM
3HR MACD generated sell signal, bears were waiting for trigger which they got from supreme court. NF may probe 11700-11500. View negated if NF conquers 12250....read more
1
You can use many of the software available. I'm using Dartstock.
• Feb 10, 2020 3:45 PM
Only call writing going on, no major put writing, so any pullback on upside, use it to buy PE options....read more
2
Depends on the Delhi's exit poll results. But as per charts, expecting gap down.
Present value is less than theoretical value
@kalyanch On budget day after 3pm
• Jan 30, 2020 4:47 AM
Excellent budget day trading analysis. Highly recommended!!
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• Jan 30, 2020 4:46 AM
Excellent budget day trading analysis. Highly recommended!!
• Jan 28, 2020 7:57 PM
BNF is stronger than NF today and due to Reliance, Nifty dragging down. If BNF closes near 31000 today, except huge gap up tomorrow....read more
This trade was executed but tracker didn't update
• Jan 28, 2020 3:54 PM
Huge put writing on multiple strikes, don't fall for this. 30800 is strong support, if it holds short covering soon....read more
1
Try to enter between 48-50
If it comes back to 50-52 range, will exit
Entered at ₹48