Nifty has been seen gone bonkers and making swift moments upwards, without giving any breather to option writers. India VIX too marching along nifty(as suggested in previous post). Here in this study, on the left, I highlight the fund managers' chart or Quarterly Chart of Nifty. With help of #Elliot wave principles, I have marked the #Fibonacci Extension level on...
Bank Nifty has given a very good technical entry today to go positionally Bullish. Flag Breakout in Daily chart and Inverted Head & Shoulder Breakout in intraday chart with a retest to touch ALL TIME HIGH! 2% Target can be easy coming in very short time.
Will this pattern repeat?? With increase in volatility, Nifty can go all places. Spot he similarity in the chart end of Aug 2022 Vs end of Dec 2023. Can you spot them?
Will this pattern repeat?? With increase in volatility, Nifty can go all places. Spot he similarity in the chart end of Aug 2022 Vs end of Dec 2023. Can you spot them?
Early indication! Nifty is likely to go sideways from here for few days. It is yet to create proper support at these level. Be careful with strangles and straddles, as India Vix is increasing too. You might see premiums increasing in monthly or next month series. Lets hope for a linear theta decay. Happy Trading.
Nifty nearing all-time-high, and India VIX is rising too! VIX>13 and up-trending. In Feb 2023 we saw India VIX climbing up to 18. Purely because of National Event - Budget. This time we have even more sensational National Event - Elections! Will it breach 2023 high? All the best Option Sellers. The dance of Volatility starts!
Flag and Pole Breakout 🚀 Full Moon day effect! Bullish on #nifty50
Nifty has been trading in a Narrow 200 points range this whole week. Holding itself near the resistance is a good sign. Only 3 trading days to November month expiry! NSE:NIFTY