@ganatravs@Shijumonantony ๐that's the market for you. ๐ It keeps testing our patience, and the moment we give up expecting it... boom, it moves! ๐๐
@ganatravs Now I'm waiting for your view on this Thursday's expiry. ๐ If we get a Doji tomorrow and everything lines up, do you still see the possibility of that rally?
@Shijumonantony Sir, any thoughts on this?
Hi Sir, @Shijumonantony
Have U ever done, or are you currently doing, situational analysis in the Indian markets similar to what @TomHougaard doing?
If yes, is it actually working in the Indian market? I'd love to hear your experience.
Thanks #snowball
https://t.co/m82RvnlZ5H
I was expecting this kind of fall today because of the Sensex monthly expiry. But since we already had that sharp fall(intraday) on Tuesday, I'm not 100% sure now. Let's see how the market unfolds.
@Shijumonantony , what are your thoughts, sir?
Is that just a coincidence? ๐ค
On 20 Oct 2022, Liz Truss resigned(UK PM), and the next day we got a similar kind of market fall. Yesterday, Keir Starmer resigned, and today we got another fall. ๐๐
Just asking out of curiosity!
@Shijumonantony I think the institutions are watching our posts. ๐ Every time I expect something, they postpone it to another day.
Nothing happenedโVIX returned to its post-war range, and the market started favoring the sellers.
@Shijumonantony Yeah, that may happen, like you said. But I think the 10x trade is still pending for the day. It could be achieved with a small upside move, similar to what happened at the end of last Tuesdayโs session.
@Shijumonantony Perfect, I think this is exactly the move you were looking for. We got it today โ a massive straight-up move with Bank Nifty rallying nearly 1000 points and Nifty adding around 300 points without any meaningful pullback. ๐ฅ๐๐ป๐๐ป
#snowball โค๏ธ@Shijumonantony
Is it just a coincidence? On Oct 29, 2024, Bank Nifty printed a 2.07% candle while Nifty formed a 0.52% candle. Today, Bank Nifty has again printed a 2.09% candle, and Nifty has formed the exact same 0.52% candle.
@Shijumonantony
1/2
@Shijumonantony Nifty ignored everything else and simply repeated Apr 7 ,22. In the last 7 years, Nifty has opened with a 0.48% gap-down only twice, yet it followed the exact same pattern again.
Despite all that, we still got a 10x PE move, just like last Thursday.
@Shijumonantony On top of that, I was watching for a repeat of Feb 28, 2025 & Jun 16, 2022. Nifty broke the last 2 days' highs in the first half, but surprisingly sold off and failed to close above them. Pattern may not repeat, but if it does, a same red candle could be next. @Shijumonantony
@Shijumonantony Look at Nifty's price action today(10/6/26)โit completely sold off after 1 PM, almost exactly like it did on Oct 30, 2024.
Now, if this pattern continues to play out, we should see a red candle tomorrow, which could potentially set up a 10โ30x PE trade.