Tomorrow 1st Sep New Margin rule will be Implemented by SEBI
Market will be volatile due to two major Reasons
1. New Margin Rule
2. Liquidity problem
Need to Observe Market very closely How it React to New Rule.
No Levels for Tomorrow
Save Your Capital for upcoming trades
P.S. Stop loss will save you
Nifty is in a bull run, book your partial profits and exit
Nifty has increased to 1048 points from 2nd AUG 2021 to 30th AUG
31st AUG 2021 might be an interesting day for traders and invester. We can expect a volatile price movement during the trading hours.
Feel free to share your ideas or thought in the comment section.
Weekly analysis for ZSX2020
Week 41: 12 to 16 October 2020
This is the second time for ZSX2020 flying into the unknown area.
Normally in this scenario, I will long at the RBS area; however, now it's a bit late for that.
How high can it go? we do not have the data, again, it's best to wait and see until the price dives below $1,047.
This week no trade call, just...
Gold has just broken the 30m and 1h resistance and would most likely follow clean traffic through to 1870 if support is respected, however as it is the end of Friday I am just spectating to see if it plays out as it should
My last two updates
August 24 : NIFTY is on it’s way to the upper boundary of the gap -11633. I don't know how fast it can travel, But I expect that target to get achieved in this expiry. If It gets to 11633 in the next two sessions, I plan to take a reversal trade with tight stop loss. Till then, just ride the trend using intraday breakouts.
August 25 : For...
The market is in a (weak) Downtrend.
Let's begin with the daily Timeframe:
As you can see we here have two main things to consider:
The price is moving under the 200 EMA.
That means that the average price of 200 days is contantly falling.
We should use this information and establish to only take...
August 20 Trade Log
“I have a bearish bias for tomorrow. If not bearish , at least consolidation below 11350. For short 11350 is alert level and then 11370 can be a stop.”
My expectation was not correct. NIFTY opened the gap up and traded above 11370 for the day.
In my post of August 18, I explained why I’ll trade lightly in the zone 11380-11630. Please refer to the post.
No trades today
My observations for the day
NIFTY was tightly range bound in 11400 - 11460. It closed 0.20% up.
BANK NIFTY closed 0.52% up
VIX dropped below...
In my weekly review (link below) post, I said
There are two possibilities for the coming week.
Possibility 1: Consolidation in zone 11312 - 11050. This basically means, the move on Friday could not get great follow up selling.
Possibility 2: New downswing starts which takes NIFTY below 11000, around 10830 as the first target. This move has to be fast and...
In my August 10 Trade Log, I had said
I expect a positive day tomorrow with the possibility of a new high.
NIFTY made a new high and ended positive.
No trades for today. Intraday range was very low. The breakdown of initial range was risky as NIFTY had made new high and my...
In my post dated August 6, I had said
I am again expecting consolidation to a bearish day. As I said, good setup for reversal around 11280-11300.
It was a consolidation day. Not bearish.
I did not trade today.
NIFTY closed flat...
From my August 5 update, I expected
NIFTY has strong resistance at 11228. Any bounce tomorrow upto 11228, excellent shorting opportunity with clear stop.
News driven action likely tomorrow.
I expect consolidation to bearish movement tomorrow.
NIFTY was choppy, but not necessarily...
In my August 4 trade view, I said
Considering the momentum NIFTY had on 4 days of downtrend, I treat this bounce as the first bounce, which is likely to fail. But considering the chart of Reliance and BANK NIFTY , I feel there is some more upside up to 100-150 points.
For tomorrow, I...
In my yesterdays post (link below), I had said
I do not have strong bias on either side. Also it is an expiry day.
I’ll watch the first few minutes of action. If there is bearish continuation, then intraday short may be a good idea.
Some consolidation structure, possible retest towards 11200 is possible in next 1-2 sessions.
Though it looked like a bullish...
In my yesterday’s post (Link Below) I had said
1. I’ll be trading with consolidation to bearish bias tomorrow. This view is against the trend but I think 11200-11270 is a good area to start thinking about reversal.
2. I’ll build positional shorts, not aggressively, but with generous time and price stop loss.
3. For tomorrow, if there is a gap up, I think it'll...
In my July 15 post, I had said
Again tomorrow may be a pause ,range bound day with indecision candle. I don't expect it to cross above 10760. The lower bound is again 10560.
The other possibility is continuing the trend towards the 10500 level.
NIFTY paused and stayed in the large...
In my yesterdays post I had said
Even though the chart looks good, I have a bearish bias for tomorrow and Monday. This is mostly because the whipsaw we saw yesterday. If NIFTY manages to close above the new high by Monday, I’ll be wrong again.
I’ll not short, but mostly observe if it crosses 10850. I’ll short NIFTY below 10730.
Nothing changes in my view...