The most important question now on the mind of all analysts and traders. Is this a bear market rally or is this the start of a bull move. Retweeting this as I will need a few tweets to explain my view
Is Nifty bullish, or bearish?
— AP (@ap_pune) March 19, 2022
Replies MUST be ONLY with charts, not just 'views', no Russia Ukraine, crude, gold etc.
Can be levels....abv/below
Just technicals....maybe with trend lines, indicators or any other study (EW, harmonics etc)
Charts can be daily, weekly or monthly.
![](https://pbs.twimg.com/media/FORPek0akAAetbx.png)
That is not the case now, which holds me back from calling this a clean bull market
![](https://pbs.twimg.com/media/FORRxxUaQAIj9KG.png)
![](https://pbs.twimg.com/media/FORS2jXaQAAj3_N.png)
More from Subhadip Nandy
This is actually an interesting question and a correct observation. Many people before you also have made this observation, so I am going to explain this the best I can
I am trading since badla days. There being long meant you had to pay badla / interest and being short meant you received badla. Similar to an options buyer having theta burn and an options seller being theta positive. So the bias among pros were being short bit
Now, as of now I am an options buyer. All my strategies are geared towards options buying, so I have a theta burn continuosly. I do use strategies to cover that a bit, but still the burn is there
Now, let's consider how an options buyer makes money. His enemy is theta, vega can be friend or enemy ( coming to this in next tweet) , Delta is whether his view is right or wrong
Now say I am bullish on BNF and I buy calls and I am directionally correct . As BNF goes up, generally IV will decrease. This leads to a double whammy.
1. Vega hurts me
2. Theta decay increases.
So, the position does give money, but slowly
Ek baat to hai dada, u like mandi over teji.. Don't u... I mean u play both sides bt still... Im ryt \U0001f911\U0001f911
— VaibhavSharma (@vaibhav2631) September 23, 2022
I am trading since badla days. There being long meant you had to pay badla / interest and being short meant you received badla. Similar to an options buyer having theta burn and an options seller being theta positive. So the bias among pros were being short bit
Now, as of now I am an options buyer. All my strategies are geared towards options buying, so I have a theta burn continuosly. I do use strategies to cover that a bit, but still the burn is there
Now, let's consider how an options buyer makes money. His enemy is theta, vega can be friend or enemy ( coming to this in next tweet) , Delta is whether his view is right or wrong
Now say I am bullish on BNF and I buy calls and I am directionally correct . As BNF goes up, generally IV will decrease. This leads to a double whammy.
1. Vega hurts me
2. Theta decay increases.
So, the position does give money, but slowly