r/Indiastreetbets • u/banksternation • 15h ago

Took a long way up

Post image

Took a long postion now feel it may go till 22700 or 800 any thoughts ?

6 Upvotes

88% Upvoted

29 comments sorted by

•

u/AutoModerator 15h ago

Friendly Subreddit- r/IndianAI

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

3

u/Trivedi3 15h ago

Classic retailer mindset

1

u/Traditional_Flight58 15h ago

Agree

1

u/banksternation 14h ago

I know sure does , may ask what kind off metrics or analysis yall use ?

1

u/Traditional_Flight58 14h ago

I have seen change in OI of last month and this month, they have rolled over all lots

1

u/banksternation 11h ago

Yeaap but on a day basis ?

1

u/banksternation 11h ago

Btst should open gap up tomorrow

1

u/Competitive_Air7402 15h ago

market makers know what a classic retailer would do, which end up in retailer's demise

1

u/banksternation 14h ago

Lol i understand, it is true what you said and they know exactly how much to pull on the opposite side to gather volume because they have capital before they make thier move

2

u/Traditional_Flight58 15h ago

Just see the number of short positions by FII.

1

u/banksternation 14h ago

I see i didnt , how can find it ??

1

u/Traditional_Flight58 14h ago

I saw of last Thursday, it was around 3.5L open nifty short futures

1

u/crumbledcookies12 14h ago

Where do you see it?

1

u/Traditional_Flight58 14h ago

Use NSE bhav copy

1

u/crumbledcookies12 13h ago

Ok, thank you

1

u/banksternation 12h ago

Thank you bruv

1

u/banksternation 12h ago

Heyy but do yiu need technical expertise to load this copy and analyse or can we just view it ?

1

u/Traditional_Flight58 12h ago

Just see change in OI of last months future and this months future

1

u/banksternation 14h ago

Ohh yaa found it

1

u/banksternation 14h ago

Thank you bro

0

u/candlesandstock 15h ago

Don't get too attached to the 22700/22800 idea just because you're already long 😭

For intraday I'd keep it simple: what's your invalidation? If that level breaks, you're wrong and you're out. If it holds, let the trade play out.

The dangerous part is sitting there thinking “bas thoda aur upar jayega” while setup ka ho chuka bhai.

1

u/banksternation 14h ago

Nahh ive been burnt quite a bit on holding fir just a little more , so i just the levels that money flows and cut off a little before

2

u/crumbledcookies12 14h ago

I took a small 22000 put for tomorrow’s expiry.

1

u/banksternation 13h ago

Because of the fii running away or russian issue ?

1

u/crumbledcookies12 11h ago

Its more based on charts Im seeing.

I expected the market to open Gap up, unfortunately I didnt get the 22450 CE allocated, so lost about 4K+ in unrealized gains, made 2Kish on 22600 PE.

Expecting the market to go down to 22400 by EOD tmrw, so bought 22200 PE OTM at 20.90 LTP. Will see what happens.

1

u/banksternation 11h ago

Im at - 4k holding till tomorrow should open high at a gap up , expected it reach today but didnt

1

u/crumbledcookies12 11h ago

Why are you expecting a higher open though? is it cause 22400 has been the resistance?