Since 99% of my own trades are in options, the calls I give are also on options. I am of the firm belief, that a basic knowledge of option greeks is necessary for any trader aspiring to trade options. For this, there are numerous books and even more resources on the net/youtube

Regarding the MFI divergence indicator those who are asking :
1. Link not working on TV
2. Not showing on spot Nifty/BankNifty
3. Code showing errors
All your answers are there in the original thread. Kindly do not expect spoon feeding .
SOLVE YOUR PROBLEMS ON YOUR OWN

Along with the levels, there is Trend Ratio.
Near 1 or below is bearish, near 2 or above is bullish
( this as per last day's closing).
If Trend Ratio is bullish, expect support at Balance or breakout above Upper level will mean rally will continue.

If Trend Ratio is bearish, look for break or Balance or lower levels .

On a bullish Trend Ratio if Balance breaks, expect all longs to be trapped . Can short with stop above upper breakout figure. And vice versa

Normally the Trend Ratios of both indices are in sync, a little bit of difference. But here BNF is bullish while Nifty is bearish. So, if playing bullish tomorrow concentrate on BNF, If playing bearish, concentrate on Nifty

Major Rule :
1. DO NOT play bearish is market above Balance
2. DO NOT play bullish is market below Balance

The Balance basically tells you which side is a bit trapped

As long as the market stays within the upper and lower levels, option sellers ( whether they have sold on friday or will sell tomorrow) are at an advantageous position and make money. Whichever side this level is broken, that side sellers will be trapped

Nifty fut : rising Lows and Highs, showing a megaphone or broadening formation on 15 min charts. Though a bearish pattern, here it seems has broken out. 11k CEs on monthlies seems badly trapped. As long as the CE is > 140, will maintain a strong bullish stance

EOD charts. Rising after strong accumulation and volumes. COI going up with rise in price. Can have a fast upmove anytime now till 11300. View negated below 10900

BNF 15 min charts : showing FLAG formation. Breakout above 22400, trade negated below 22200. Targets given in chart. Also higher highs and higher lows

BNF also strong accumulation yesterday. This model is also showing continuous accumulation since 16th. Almost same levels given in earlier tweet

Now there are broad positional views, or the context. Trades now will be based on realtime data , option analysis etc. But these analysis suggests keeping a bullish bias on the indices while trading now unless this data changes drastically

When I first started learning different option strategies, long straddles seemed the easiest and the way to riches without any significant risk.

Simply buy a CE and PE of same strike before an event, whichever way rhe stock moves post event you make money

But real life is a tougher place, so this did not work in practice 🤣

Vols went up before event pricing in the risk, and since vols over estimate event impact in general, majority of the time there is a vol crush post event and straddles lose money. ( this is why sellers sell)

But the markets now is a strange place. Vols refuse to go up before an event. We have GDP data today evening and Gujarat election results within next weekly expiry. The cost is 1.3% of Nifty for the next week straddle with 8DTE .

So whoever is selling this straddle does not expect Nifty to move 1.3% from here, either up or down within next Thursday? Does not make sense.
Vols not rising before event makes it a no brainer to buy this straddle

With vols not going up before event and with such low vols, chances of further vol crush are slim. Plus, even if markets now go up further, I think traders will get a bit nervous/fearful pushing vols up.

Let's see whether my thesis works out 🙏

https://t.co/15abL7Q0yj

Why I trade in Nifty or Reliance most ...If you are confused what to trade watch this

Today trade