Quick update as we move into the end of the July series
Base moved to #10750 last week & should be at #11140 as the week closes
What does that mean?
A dip to 10800 is expected to see buying as we trade the move into 11365 in Aug
We review at #11365
View Fails below #10750
This #Nifty train is out to get Call writers this weekly settlement
So far 11000 CE and 11100 CE have been shown the door
The 11200 CE naked writers sleep uneasy tonight.
They have written at 26 & 46 last 2 days & cmp is 58 and they know they are under water
Examination tom
Just 3 words for your weekend thinking.
LIQUIDITY DRIVES MARKETS #LDM
What is liquidity?
Ans - VOLUME
Now ask yourself how much importance you give to VOLUME in your charts?
Overload of information available is a big problem of our times
Applies to Trading/Investing as well
95%+ of the info available is useless and a burden that slows our progress
Always be selective in what you consume, Say NO to 95%+ of the stuff and progress faster 🙏🙏
1/2
Just a reminder to all again. I am posting only #intraday views here now
View is valid till market closes .
I can be bear 1 day and bull next because I am #INTRADAY
https://t.co/iQTETvPeBU
Most people ask me how long it takes to get good in the markets & command a presence here
The journey is in your hands, you decide
You have to move from information to knowledge to wisdom
From thoughts to belief to action
Sadly, most people never make it beyond information.
This is the 3 profiles from March dated 05th, 06th, 07th roughly about 1100 points in the #Nifty when that bond market crashed and had a cascading effect on everything else in the markets.
Click the link below for the chart.
Has a story to tell...
https://t.co/QkKOTo48td
"Discipline Bhagwan Che" You know this already
A discretionary trader works with less discipline & gets punished for it
A system trader works with too much discipline & also gets punished esp entries
I am - DRB-discretionary rules based
I decide when to enter/exit on my rules
A 20 second introduction to #MarketProfile for those who have never heard of it before and for those who want to learn it right @Vtrender
https://t.co/NQy2pAsF49
@ANINDYA_MUMBAI USDINR not going down with rise in Broder equity market and fall USDCNH. does this indicates its trying to make a base here ? RBI providing support here ?