Author : Balachandran Viswaram
Release : 2023-09-28
Genre : Business & Economics
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis 63 Post Mortem Analysis on Nifty50 - Fy2023-24 Q2 by : Balachandran Viswaram
Download or read book 63 Post Mortem Analysis on Nifty50 - Fy2023-24 Q2 written by Balachandran Viswaram. This book was released on 2023-09-28. Available in PDF, EPUB and Kindle. Book excerpt: The chapters below are the analysis of each day’s price movement. It is highly technical in nature and my reports are based on the charts. Usually, I start with the 5mts candle and call out any anomaly or unusual patterns. Then I take up the 1hr chart to see if it fits into the broader trend. The trading style I follow scans for the market direction and play along. For example, if the markets are falling - I still prefer to short CALLS. Agreed the premiums in CEs would have dropped once the index makes its move - but I feel it is in sync with my risk profile. Also, I prefer to wait for the volatility to pick up before selling options. On each expiry day - I bring up the weekly analysis to comment on how that index behaved in the last week. And on the last expiry of the month - I bring up the monthly chart. Nifty is discussed first followed by Banknifty. On Tuesdays I bring up the FinNifty charts. Since we have one or the other index expiring daily - most of the trades are done to take advantage of that. I guess the market participants are growing in huge numbers to play expiry - a situation similar to gambling is happening. Strongly advise to do your own research and deploy strategies that are inline with your risk management.
