morning thoughts...
June expiry glance
Well friends we have successfully concluded a terrific , confusing and profitable june series.
For the full month the index remained in a tight range channel of 10700-10830 on nifty front and 26250-26800 on bank nifty with v channel trades and we successfully implemented it with our strategy to buy on lower channel and sell on higher channel.
As we came closer to expiry we clearly indicated and wrote that this strategy is now coming to an end and a big move is coming soon
On Tuesday 26th june Post we clearly wrote and mentioned that a channel break is coming and we posted our monday trades and calls of short nifty , bank nifty , index puts , one can see what has been the results
Bank nifty has achieved our targets of 26200 and nifty 10600 within 3 days and has obliged completely
When everyone was confused and giving higher targets and new highs, we openly and clearly wrote our trades on monday
June series has given us above 600 points in nifty and 2700 points in bank nifty
Now we come to the theoretical analysis of the series
June series continuously saw addition of oi at higher strikes 1 day and unwinding of the same with decrease oi the another day confusing all technical analysts with higher candle with higher shadows so they came to conclusions of extension of candles but completely ignored the fact of dollar index , crude, interest rates , trade war and expellsion of 100 million usd
Another reason for traders to lose is that all are optimistic traders and they bend mostly on long sides and see everything good and green in economy but they aren't aware of macroeconomics and the required global factors, moreover media and all form of rumours in social platforms from experts who just give targets calls based on fo data or daily moves are useless for traders ,they change their views with every passing minute
The range bound v pattern move has been disruptive for option traders as both calls and puts have sublimed but we have again successfully picked the correct ones in stocks and index
Now we enter the dramatic july series with new range and channel and we will again try to bring out best in stocks , options and index
Special index package for bank nifty and nifty for accumulation of maximum gains and profits - registrations open for july series
Yesterdays options
Bpcl 400 pa at 2.50 moves to 49
Hpcl 280 pa at 1.75 moves to 20
Adani ent 120 pa at 1.50 moves to 10.75
Tech Mahindra 700 ca at 5 moves to 19
Dabur 400 ca at 2 hit sl
June expiry glance
Well friends we have successfully concluded a terrific , confusing and profitable june series.
For the full month the index remained in a tight range channel of 10700-10830 on nifty front and 26250-26800 on bank nifty with v channel trades and we successfully implemented it with our strategy to buy on lower channel and sell on higher channel.
As we came closer to expiry we clearly indicated and wrote that this strategy is now coming to an end and a big move is coming soon
On Tuesday 26th june Post we clearly wrote and mentioned that a channel break is coming and we posted our monday trades and calls of short nifty , bank nifty , index puts , one can see what has been the results
Bank nifty has achieved our targets of 26200 and nifty 10600 within 3 days and has obliged completely
When everyone was confused and giving higher targets and new highs, we openly and clearly wrote our trades on monday
June series has given us above 600 points in nifty and 2700 points in bank nifty
Now we come to the theoretical analysis of the series
June series continuously saw addition of oi at higher strikes 1 day and unwinding of the same with decrease oi the another day confusing all technical analysts with higher candle with higher shadows so they came to conclusions of extension of candles but completely ignored the fact of dollar index , crude, interest rates , trade war and expellsion of 100 million usd
Another reason for traders to lose is that all are optimistic traders and they bend mostly on long sides and see everything good and green in economy but they aren't aware of macroeconomics and the required global factors, moreover media and all form of rumours in social platforms from experts who just give targets calls based on fo data or daily moves are useless for traders ,they change their views with every passing minute
The range bound v pattern move has been disruptive for option traders as both calls and puts have sublimed but we have again successfully picked the correct ones in stocks and index
Now we enter the dramatic july series with new range and channel and we will again try to bring out best in stocks , options and index
Special index package for bank nifty and nifty for accumulation of maximum gains and profits - registrations open for july series
Yesterdays options
Bpcl 400 pa at 2.50 moves to 49
Hpcl 280 pa at 1.75 moves to 20
Adani ent 120 pa at 1.50 moves to 10.75
Tech Mahindra 700 ca at 5 moves to 19
Dabur 400 ca at 2 hit sl
