#FreeTip
If there are multiple pivot confluences, it is a strong zone and should never be ignored as there is a high possibility of a very significant activity around the zone.
Today's activity is an example. Historically can find similar concepts with varying pivots...

#Knowledge
#Options
Ever wondered y gamma is the enemy of straddle / strangle sellers and what it means?

Presume readers are aware of option Greeks meaning...

To understand , first ...

Relationship between delta, gamma, theta and option premium.
....

....

Theta + (int Rate x Underlying price x Delta) + ( 0.5 x variance of underlying x Underlying price x Underlying Price x Gamma ) = Int rate x Option premium.

Strangle and straddles are delta neutral setup;For a delta neutral setup, the second term becomes zero; Hence,
...

....

Theta +
(0.5 x variance of UL x UL price x Underlying price x Gamma)
= Int rate x option premium

Straddle and strangles have typically zero delta at initiation; they also have positive theta, meaning they gain over time assuming other components of option r constant ..

...
In a delta neutral portfolio, if theta is largely +ve , Gamma will be -ve by a large extent to satisfy the above relation mathematically, which means that as expiry nears the strangles and straddles will have large -ve gamma; This is wat u see traders telling gamma effect.

#FreeTip
#Intraday
An intraday pattern that usually results in a big move; Doesn't occur very frequently; If it happens, most of the time the move is big.
Intraday VCP. - U shaped Higher lows (2-5) for an upmove (usually without HHs). n shaped LHs for downmove (usually w.o. LLs

Try identifying historically this pattern; if possible take screenshots of this pattern for your record and have a look at it as much as possible to practice your eyes to spot it in real market; and if u start spotting them perfectly, u r equipped with an edge... Free of Cost....

#TradingTool
A free market breadth tool that I have left open to public.
1) % stocks above 20 day / 50 day / 200 day MA for Nifty 50 and 500 index and all Cash stocks.
2) % stocks above 20 period / 50/200 period MA intraday for N50 and

#TATAMOTORS
498
Power of HTF
Monthly chart shows a clear channel pattern throughout the life of TataMotors stock. Indicates some more room ahead till the upper band of the chart for the time being in the coming months. Top of the channel is around 900-1150 zone.

1/n I have not seen a single 2 - 3 day position trading system which is as simple as this. Experts will say RSi not applicable in 15 min time frame, I say first understand the the calculation of RSI :-). no need of scanner.
just discipline and risk mgmnt
#RSI #divergence

2/n: System as explained before:
4 step process
1. Identify stock from EOD chart
2. Look for RSI Divergence in 15 minutes
3. Wait for Consolidation and range break.
Trade in the direction of break.
4. Trail for at least 1:3 RR or SL.

3/n: Had posted last week about weak EOD chart of MnM. See what happened this week despite the fact that the overall market was bullish.
It is a zero loss trade now.
Invest in yourself. No guru can make you a successful trader. #hardwork #discipline

4/n: there are many more examples of this if you see my timeline. it works across markets even in bitcoin lol!
Keep it simple. Trick is always in the risk reward and position sizing.
Must only take trades which have minimum 1:3 RR.
Do not use excessive #leverage.

5/5: Charlie Munger: “If you’re smart you don’t need leverage; if you’re dumb, it will ruin you.”
Cant put it better as I have been on both sides :-)

Tamasoma Jyotirgamayah!
#weekend #learn #trade #success

#BSE_SMALLCAP

Sharing my views since many are looking for the top; which nobody can tell☺️

The only thing I am watching on this index is the weekly chart w/ 10 EMA.

A close below 10 EMA I will turn cautiously bullish.

#BhatTip
"Simple is not easy"

Sharing few Technical indicators with @shail_bhatnagar and @virendraonNifty on @CNBC_Awaaz which i usually follow..!!
You can Retweet or share to your friends as well if you feel these are good for new trader in the market.
Market is supreme and it teaches us every day.

Fibonacci and how to use them

Top 12 Fundamentally Good High Growth Stocks for Fast Returns:

🥏Easy Trip
🥏Tata Elxsi
🥏Divis Labs
🥏Indo Borax
🥏Dixon Tech
🥏Likhita Infra
🥏Paushak Ltd
🥏Apollo Tricoat
🥏Navin Flourine
🥏Anjani Cement
🥏InfoBeans Tech
🥏Happiest Minds