Pls go to Nifty daily chart, convert candle stick chart to line chart
Make time period Weekly
Then click on the encircled + sign in top panel to add different index to compare, u can add any index

Will describe this in our Friday post market session, watch in SE YouTube channel

#Titan is rising above congestion zone. If stock sustains above 2500, it can have decent upmove towards 2670 or Higher, RSI & MACD is supportive
#Nifty #stocks
Not a trading call, academic post

#Fed predicts higher growth and higher inflation , #dx corrected sharply , If Dx eventually maintains below 91, Emerging market bull run may resume
#Nifty

#Learning
This is example of #Fibonacci #retracement in #SAIL

U have a move (rally in this case) & then counter mover(price fall)

Now u want to predict the extent of ongoing price correction with the help of fibonacci retracement.

You start from the bottom, drag till the top

#ASIANPAINT Sustaining above 2950, Asian Paints can go towards 3300+ levels, evergreen stock, Its raw material #CrudeOil is coming down, We can see a rounding bottom, also RSI & MACD are bullish, volume good on up days
#Nifty #Stocks
Not trading call, academic post

Understanding HIGH & LOW VIX

VIX at 16: If you check today's IV behaviour, they were not spiking much even with decent delta move in BNF. The movement was subtle, giving some time to adjust. So someone having good adjustment mechanism can stay in the game longer.

1/

VIX at 20: The same delta move will be more fierce, coupled with rise in premiums. When premiums rise with movement, then the adjustment cost increases exponentially. The premiums can fall back at EOD, but the damage is done if caught in the spike.

2/

After talking to few traders, their backtest result was in favor of high VIX of 2020, rather than 2017-19. The key flaw in the backtest were the adjustments which are not easy to calculate. Combination of high theta & fixed SL during high VIX, the IV crush is cashed at EOD.

3/

Neutral option sellers who don't adjust & have fixed SL on a static straddle will not be able to benefit highly in low VIX. The straddle which moves away from ATM will increase no matter what. But if we keep on rolling our strikes, then we get good realisation of theta.

4/

I have made majority of my profits in option selling when VIX was at 13-15, mostly just relying on my adjustments. Since 2020 with high VIX, adjustments stopped working because of increase in the frequency of delta + IV spike combos & so had to shift to directional trading.

5/

T-1 Psychology behind the formation of a candle - personally I feel that if one is aware of psychology behind the formation of candle than chart starts talking to you. So, here I am starting my journey of 🧵 with how actually candles form. Small but important for beginners 👇

Hammer - formed at the end of downtrend, opened sellers pushed the prices down, buyers came & pushed the prices up & close the candle above the OP. Shadow formed twice of body. Also observed at trend line & support zone. 👇

Shooting Star - formed at the end of uptrend, opened buyers pushed the price up, sellers came & pushed the price down and make candle close below the OP. Both hammer & shooting star should always be traded with the confirmation from next candle. 👇

Bullish Engulfing- formed after a downtrend. Price opened below the previous candle, buyers came and form a big green candle above the previous candle high if both candles merge can form a hammer. 👇

Bearish Engulfing- formed after a uptrend. Price opened above the previous candle, sellers came & form a big red candle below the low of previous candle. Merging of both form a shooting star. 👇

If u are a day trader, irrespective of the TF u trade, u should align urself with the trend in 15min TF. Avoiding whats happening in 15min TF, is highly dangerous and will end up as a very costly mistake.

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