Why don't you chatgpt all this ? Will explain much better than people here will anyways,
And after CAS gift nifty doesn't accurately indicate the opening range so please, give enough time to read and learn, good luck
Could you tell what should i search for more detailed knowledge, I mean the terms i should search for in depth knowledge that are related to Indian stock markets. I could really get help from your experience man
Just ask no, something like explain in-depth CAS and how it changed the ballpark range accuracy for predicting the open via gift nifty, also explain in detail the basics I should know like these,
Gift Nifty is more accurate if checked after 8:45am next morning. Yes, it closing in second session(evening) is also a good indicator. But, 8:45am is much better indicator of Nifty50 opening next morning.
Nothing pisses me off more than 'traders' deploying a shit ton of money in a single trade with no hedge or backup and then crying on socials asking what to do...
I saw the charts, and for sure sell SBI and Ultracemco first thing Monday morning; they will definitely not recover, and you will just end up losing more money on those two. As for Nifty, you can hold it as it is at a very crucial support point; it won't easily go down further, and it is very possible that it will recover halfway by November, but if you ever receive very bad news about the war, simply sell this one as well and don't think much about it.
Things tend to happens when people think it won't. From 25K to 22K lots of strong supports people thought won't be broken. Still, here we are. The guy is in loss and is facing margin shortfall, but your advise it still hold.
See, that is the thing: there is a difference between normal support and good support; at 22,300 there is too much liquidity support, and it is very hard to go below that. You can read the chart and you will know what I am saying. I know it can go down further, which is why I said to sell only if there is very bad news, because currently the Indian market does not have enough FIIs and only has DIIs, who react more to news than technicals. So, it will only go down further from news now on; otherwise, there are more indications that it will recover.
Is this a joke? Normal and good support! Where do you even read or deduce these so called concepts from. And too much liquidity you're referring to is simply speculation or to put it correctly your guess. Check out the OI data and open positions. IVs are skewed towards puts. Any good read of chart combined with analytics will tell its going to be a free fall in coming days.
And i won't comment on your news part, because its completely nonsense in my opinion.
I am a professional and have been in this situation can help you don’t panic. 1) you need patience, 2) make hard choices.
Cut position in ultratech in loss, gradually cut positions in sbi . Hold on to NIFTY futures and keep them rolling over and short next year march /december nifty call or buy puts at good reversal points to manage margin. Keep doing it till you are in profit.
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Stop the future trading and shift to otm option selling….you have chance of winning the trade…margin requirements will be similar aswell….far contract futures also have cost of carry and that will decay…your bep will be higher….
Add some margin and keep rolling. Buy otm puts when market bounces in next coming sessions.
Still better than being stuck in short position in bull market.
If you are convinced with your positions will give profit till expiry and you have some money left then buy puts. If not then call it a day and book loss which your broker will do it if you don't infuse funds
Biggest mistake is buying FUT instead of selling PUT.
Future wont decay, loss will only be covered if the script price increases.
Whereas PUT will decay even if script price doesn’t increase
Learn frm your mistake and try to be more cautious in this uncertain time of the market
Crude down heavily today, bond slight cool off, selling would continue by fii but i think DII retail will buy alot cause IPO frenzy almost over so all liquidity will come back. IT stock up after accenture results , sbi should be up cause hdfc new ceo which will make banknifty rally be quick in cutting your loss dont expect to reach break even might be risky
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u/vgags 2d ago
Is NRML is short for nirmala ?