#Nifty Trade Update
31/8/23

Ended the month with 41100/-
Started with 4000/-

Closed the Month with 2.75% return.

💪🏻

Getting ready for the Bearish September.

#Nifty Trade Update
24/8/23, Thursday

Ended the day with +110/- profit
Balance = 42180/-

Market opened gap up and continued to go down from 9:55 AM.

I couldn’t identify opportunity to buy PUT. I was sitting on the market from around 9:45 AM .

#Nifty Trade Update
21/8/23, Monday

Day ended with +258/- profit.
Balance = 41818

Market opened slightly gap up, came down to touch the gap and went to touch PWO near 19395.

I tried to Buy PUT near the level but price did not go and kept up going higher slowly. Somehow closed the position in profit.





#Indian stock Market

#Nifty Trade Update
18/8/23, Friday.

It’s been a week since I posted because I was disturbed by the loss of the last Wednesday.

Have been trading everyday since though.

Today’s profit = +225/-
End of the day balance = 41576

My idea of buying call was right but changed my mind and closed the order.
#Call went from 28 to 44. I bought some quantity at 28.5 maybe and closed at 31.
It went to 44.

Will trade large quantities and with confidence from the next week.

#Nifty Trade Update
10/8/23

Market open slightly gap up and continued down and erased almost all the move of Wednesday.

I was not getting clear insights for the trade. And I pressed wrongs keyboard keys and took the wrong order and immediately closed it and had to bear 310/- loss.

#balance = 40040/-

#Nifty Trade Update
9/8/23, Wednesday

Day ended with 2408/- loss.🔴
End of the day balance = 40373/-

Portfolio: -5.62% 🔻Down

Today incurred big loss in terms of the amount and percentage.

Market opened near yesterday’s closing level at 19577 and keep coning down upto 19472 by 10:20 AM. The fractal pattern was similar to Last Wednesday 2nd August pattern. I bought 19200 PUT near 12:45 PM and it did give a dip and I closed some position in profit, at one time the profit was +850, Just at 19520 there was a Previous week’s close. Market touched that level at 1:45 PM and I kept adding PUT, I was expecting market to reverse by 2 PM but it kept climbing up, I added PUT near 24, 23, 21 & 20.3 but market kept climbing even after 2:15 PM and PUT price went up to 12.

Market cleared PWC level, PDL and even PDC.

The mistake I made was: Market did clear 4H breaker block on monday and now retesting it. The 4H candle closed at 1:15 PM today was also near 4H breaker opening price. There was also a order-block near that level too. I became bearish only because there was a gap at 19435 but that was below the order-block low. That was my mistake, market was clearly ready for a pump and even some CALL option chart was making bullish market structure.

I did not close any of my positions as I was expecting reversal at any time after 2 PM. But my mistake was it was that today was Wednesday. When there was 4H breaker retest and now it is Wednesday then there is a high chance of the reversal. And that happened and market turned bullish as yesterday was bearish and downward movement only.

Lesson :
Do watch big timeframe and check the order flow.
And when Previous week close was not getting respected and market break that level, I should have close my position at that point only.

Images:
Statement
Balance
4H chart
1H chart
15min chart
3min chart

#Nifty Trade Updates
8/8/23, Tuesday

Day ended with +1033/- profit
End of the day balance = 42798/-

Portfolio: 2.4% up ⬆️🟢

As I have mentioned yesterday’s note, market did open slightly gap up and took liquidity in the orderblock of 15 min tf at 19633 and continued downward upto 19576 at 9:50 AM.

It went to 19608, the level was a clear resistance and it made double top in 1 min tf and also give market structure break. I bought 2 lot of 19300 call option at 29 at 10:54 AM. 1H candle looks bottomed out so waited till 11:15 to form the new candle. Nifty fell down to 19534 by 11:35 AM but I closed my put by 11:15 AM at 35.45.


Came back to the market at 12:30 PM and keep buying PUT option as market tried to reach 50% and 61.8% fib retracement level. Just at 2:20 PM, market went to take 61.8 fib level at 19600, the same was previous day close, and then made triple top till 2:35 PM and fell sharply at 19551 by 2:52 PM. I closed most of my PUT position.

Lesson:
Always wait till 2:15 PM for the evening session trade.
Check previous day Open, close, high, low and weekly data also.

Images:
Statement
Nifty
Balance

#Nifty Trade Update

7/8/23, Monday, 2nd week.

Day end +310/- profit.
Balance = 41792/-

Market opened slightly gap up @19560 came down to fill the gap Near PDH and went up Day high which was just near DO. It was making bearish divergence in RSI and momentum was weakening so bought 19400 put near 24-25, 2 lots and sold at 31. The trade ended at 10:30 AM.

Came back to the market around 1:30 PM and market was trading above daily open at 19620. It came to 19580 to retest the previous day high and started to move up just right at preferred time around 2:15 - 2:30 PM.

Bought 19900 call option around 25 And closed it soon. Market didn’t go up much after 2:15 PM and went sideways till closing at 3:30 PM.

Forecast: it wants to go down it seems, so it might open gap up near 19640 tomorrow, take the FVG in 15 min tf. This area is also 0.618 fib level. So Tomorrow might me —> gap up and then move down for whole day.
Let’s see

images:
Statement
Balance
Nifty Chart