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Nifty Trades
e76808710f993f2e0f180c62c4a37767b0ac56ba3f31bf88ac9ab104bcf29315

#Nifty Trade Update

31/8/23

Ended the month with 41100/-

Started with 4000/-

Closed the Month with 2.75% return.

💪🏻

Getting ready for the Bearish September.

#Nifty Trade Update

24/8/23, Thursday

Ended the day with +110/- profit

Balance = 42180/-

Market opened gap up and continued to go down from 9:55 AM.

I couldn’t identify opportunity to buy PUT. I was sitting on the market from around 9:45 AM .

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#Nifty Trade Update

18/8/23, Friday.

It’s been a week since I posted because I was disturbed by the loss of the last Wednesday.

Have been trading everyday since though.

Today’s profit = +225/-

End of the day balance = 41576

My idea of buying call was right but changed my mind and closed the order.

#Call went from 28 to 44. I bought some quantity at 28.5 maybe and closed at 31.

It went to 44.

Will trade large quantities and with confidence from the next week.

https://nostrcheck.me/media/public/nostrcheck.me_8418175984331148071692355245.webp

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#Nifty Trade Update

10/8/23

Market open slightly gap up and continued down and erased almost all the move of Wednesday.

I was not getting clear insights for the trade. And I pressed wrongs keyboard keys and took the wrong order and immediately closed it and had to bear 310/- loss.

#balance = 40040/-

#Nifty Trade Update

9/8/23, Wednesday

Day ended with 2408/- loss.🔴

End of the day balance = 40373/-

Portfolio: -5.62% 🔻Down

Today incurred big loss in terms of the amount and percentage.

Market opened near yesterday’s closing level at 19577 and keep coning down upto 19472 by 10:20 AM. The fractal pattern was similar to Last Wednesday 2nd August pattern. I bought 19200 PUT near 12:45 PM and it did give a dip and I closed some position in profit, at one time the profit was +850, Just at 19520 there was a Previous week’s close. Market touched that level at 1:45 PM and I kept adding PUT, I was expecting market to reverse by 2 PM but it kept climbing up, I added PUT near 24, 23, 21 & 20.3 but market kept climbing even after 2:15 PM and PUT price went up to 12.

Market cleared PWC level, PDL and even PDC.

The mistake I made was: Market did clear 4H breaker block on monday and now retesting it. The 4H candle closed at 1:15 PM today was also near 4H breaker opening price. There was also a order-block near that level too. I became bearish only because there was a gap at 19435 but that was below the order-block low. That was my mistake, market was clearly ready for a pump and even some CALL option chart was making bullish market structure.

I did not close any of my positions as I was expecting reversal at any time after 2 PM. But my mistake was it was that today was Wednesday. When there was 4H breaker retest and now it is Wednesday then there is a high chance of the reversal. And that happened and market turned bullish as yesterday was bearish and downward movement only.

Lesson :

Do watch big timeframe and check the order flow.

And when Previous week close was not getting respected and market break that level, I should have close my position at that point only.

Images:

Statement

Balance

4H chart

1H chart

15min chart

3min chart

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#Nifty Trade Updates

8/8/23, Tuesday

Day ended with +1033/- profit

End of the day balance = 42798/-

Portfolio: 2.4% up ⬆️🟢

As I have mentioned yesterday’s note, market did open slightly gap up and took liquidity in the orderblock of 15 min tf at 19633 and continued downward upto 19576 at 9:50 AM.

It went to 19608, the level was a clear resistance and it made double top in 1 min tf and also give market structure break. I bought 2 lot of 19300 call option at 29 at 10:54 AM. 1H candle looks bottomed out so waited till 11:15 to form the new candle. Nifty fell down to 19534 by 11:35 AM but I closed my put by 11:15 AM at 35.45.

Came back to the market at 12:30 PM and keep buying PUT option as market tried to reach 50% and 61.8% fib retracement level. Just at 2:20 PM, market went to take 61.8 fib level at 19600, the same was previous day close, and then made triple top till 2:35 PM and fell sharply at 19551 by 2:52 PM. I closed most of my PUT position.

Lesson:

Always wait till 2:15 PM for the evening session trade.

Check previous day Open, close, high, low and weekly data also.

Images:

Statement

Nifty

Balance

#Nifty Trade Update

7/8/23, Monday, 2nd week.

Day end +310/- profit.

Balance = 41792/-

Market opened slightly gap up @19560 came down to fill the gap Near PDH and went up Day high which was just near DO. It was making bearish divergence in RSI and momentum was weakening so bought 19400 put near 24-25, 2 lots and sold at 31. The trade ended at 10:30 AM.

Came back to the market around 1:30 PM and market was trading above daily open at 19620. It came to 19580 to retest the previous day high and started to move up just right at preferred time around 2:15 - 2:30 PM.

Bought 19900 call option around 25 And closed it soon. Market didn’t go up much after 2:15 PM and went sideways till closing at 3:30 PM.

Forecast: it wants to go down it seems, so it might open gap up near 19640 tomorrow, take the FVG in 15 min tf. This area is also 0.618 fib level. So Tomorrow might me —> gap up and then move down for whole day.

Let’s see

images:

Statement

Balance

Nifty Chart

Some general reversal timing for #Nifty

Bottom out at 2:15 PM,

Another leg up at 2:27 PM,

Local top at 2:40 PM,

maybe continue up from there after 2:55 PM or go all the way to the bottom and then again short squeeze at 2:55 PM.

Can we add Sats fee for every post the user make according to his note size, his attached media ?

User have to send sats to make a post.

At one point this will be necessary I think.

Enlighten me If I am wrong.

#Nifty Trade Update

03/08/23, Tuesday.

+790/- profit at the end if the day.

Portfolio up by 1.9%

Balance = 41476/-

Price opened gap down, went quickly to touch the daily open in the first 30 minutes, and continued its dowanward trend.

I started adding 19600 CALL option from 1 1:05 PM near the price @39, 38, 37, 36 up to 35.5.

Price continued to go down till 2:15 as we have learnt in the past week. So I had decided to wait upto 2:30 PM to hold my CALL option. I would have closed my position if price didn’t go up. But from 2:30 Price started to go uo and gave a little short squeeze.

I closed all position by 2:40 PM and ended with 790/- profit in all.

**Lesson learnt:**

I should have waited at least till 2 PM to add the long as market generally reverse after 2:15 PM. That’s what I have learnt from the last week but I still started adding long from 1 PM and had to wait till 2 PM and held the position in loss, the highest open loss was 700/- at 2 PM.

So better to wait till 2:15 PM and then add the position.

Closing the day here.

Thanks.

Will see tomorrow.

Images 👇:

(1) Order statement

(2) Nifty Chart

(3) Fund Balance https://nostr.build/av/bac4c2f557c65f087b66cce1a8e142e719b0d7484d662a7e23c2ad1b5a06868b.mov

#Nifty Trade Update

01/08/23

+658/- at the end of the day.

Balance = 40703

Price opened slightly gap up, it was above more than 61.8% fib retracement, and continued its journey downward till 12:45 PM(GMT 5:30+).

It went up near the daily 61.8% fin retracement and made double top. I bought put when it confirmed the double top and went again up to take liquidity above.

Caught fast movement in put as I bought 4 lot @19500 PUT Option at 34.95 near retest and sold it near ~38

Images 👇

(1) statement

(2) 19500 Put Option Chart

(3) Nifty Chart

(4) Balance

#Nifty Trade Update

31/7/23

Took one trade, wasn’t focused much. Closed it at 5₹ profit. If I would have hold it longer, it would have given me 300+₹ profit.

Balance 40040/- at the end of the day

#Nifty trade update

Fri, 28/7/23

Day ended with 253/- loss.

Fund balance is 40048/-

Bought 20200 call near the bottom, price did bottomed out but it went to take SSL below and i stopped out.

Price bottomed out locally near Previous weekly close.

Call price went to 17 and I added call at 13.75 and near that but sold it in loss.

Move always come near 1:45 PM to 2:15 PM.

So i should rather wait for the market structure to form near 1:45 PM and then wait for the clear direction till 2:15 PM and then enter into trade.

It generally runs up after 2:15 PM

#trade

#india

#market

#ict