The farther we move from the average, chances of occurrence go down. This is what Taleb sahab calls Tail risk, because it lies in the tail of the standard distribution curve.
Bringing Data Science to Nifty Analysis. A small đź§µ
As per Normal Distribution 68% of the time movement is with 1% SD Limits.
For 95% pf the times movement is within 2% SD limits.
And its only 0.3% of the times that movement exceeds 3 SD.

The farther we move from the average, chances of occurrence go down. This is what Taleb sahab calls Tail risk, because it lies in the tail of the standard distribution curve.
https://t.co/HHwUpIXTRG
The Galton Machine shows order from randomness. Each ball bounces left or right at random, 12 times, but together where they fall can be predicted - the normal distribution. This one made by: https://t.co/oI9wOGq7nG pic.twitter.com/VQtVu66OSE
— Tom Stafford (@tomstafford) April 19, 2018
When we say that price is at upper/lower Bollinger band, we are saying that it has reached 2 SD limits and likely to reverse.
First with default setting and in second change settings to 3 standard deviation.
Crossing 3 SD boundary means that Nifty is now in very rare territory where it has been only 0.3%
More from Professor
So friends here is the thread on the recommended pathway for new entrants in the stock market.
Here I will share what I believe are essentials for anybody who is interested in stock markets and the resources to learn them, its from my experience and by no means exhaustive..
First the very basic : The Dow theory, Everybody must have basic understanding of it and must learn to observe High Highs, Higher Lows, Lower Highs and Lowers lows on charts and their
Even those who are more inclined towards fundamental side can also benefit from Dow theory, as it can hint start & end of Bull/Bear runs thereby indication entry and exits.
Next basic is Wyckoff's Theory. It tells how accumulation and distribution happens with regularity and how the market actually
Dow theory is old but
Here I will share what I believe are essentials for anybody who is interested in stock markets and the resources to learn them, its from my experience and by no means exhaustive..
First the very basic : The Dow theory, Everybody must have basic understanding of it and must learn to observe High Highs, Higher Lows, Lower Highs and Lowers lows on charts and their
Even those who are more inclined towards fundamental side can also benefit from Dow theory, as it can hint start & end of Bull/Bear runs thereby indication entry and exits.

Next basic is Wyckoff's Theory. It tells how accumulation and distribution happens with regularity and how the market actually
Dow theory is old but
Old is Gold....
— Professor (@DillikiBiili) January 23, 2020
this Bharti Airtel chart is a true copy of the Wyckoff Pattern propounded in 1931....... pic.twitter.com/tQ1PNebq7d
Many friends have asked me about OI data Analysis. This is very helpful in Nifty Trading.
I am retweeting my Beginners Pathway Thread No, 3 on Open Interest Data Analysis for benefit of all. https://t.co/cwYtbYK6JP
I am retweeting my Beginners Pathway Thread No, 3 on Open Interest Data Analysis for benefit of all. https://t.co/cwYtbYK6JP

Here comes the 3rd and final part of the long weekend 'Beginners' Pathway" series.
— Professor (@DillikiBiili) October 17, 2021
In this we'll see Open Interest basics and Option Chain Analysis.
Jab tak ki meri book nahi aati, ye kar lo:
1. Go through Zerodha Varsity chapters on Technical Analysis at least 2 times.
2. Then read 'Technical Analysis Explained' by Martin Pring
3. Finally read 'Price Action bar by bar' by Al Books (Not for casual reader).
1. Go through Zerodha Varsity chapters on Technical Analysis at least 2 times.
2. Then read 'Technical Analysis Explained' by Martin Pring
3. Finally read 'Price Action bar by bar' by Al Books (Not for casual reader).
Sir @DillikiBiili , could you please suggest a book for technical analysis ?
— Pawan Yadav (@pawan_yadav86) March 25, 2022