Huge OI added at 14600PE and 14500PE.
So 14600 should be the support for today.Highest OI is at 14700CE.
In case if markets move higher, beyond 14700, then these sellers will have to run for cover, propeling the markets even higher.

There are 5 possible outcomes for your trade:

1. Breakeven
2. Small win
3. Small loss
4. Big win
5. Big loss

Eliminate #5 and you’ve just taken a big step forward.

Cues for Today

■ Global Market update

- Dow down 12 pts
- Nasdaq up 73 pts
- Hang Seng down 227 pts
- Dow fut down 88 pts


● Indians saved additional $200 billion during Covid pandemic and lockdowns

● French automaker Citroen to bank on SUVs to become a major player in India

● Indian real estate attracted $5 billion institutional investments in 2020: Report

● NSE is world’s largest derivatives exchange for 2nd consecutive year

● India’s GDP within striking distance of attaining positive growth: RBI

● Biden signs 15 executive orders, reversing Trump's key policies

●FIIs are still buyers in cash segment and now turned buyers in indices also after a little bit of long unwinding.

●The options data also suggest that the downside is capped. Support for short term is 14200.

●Overall still markets are BUY on dips.

● Banknifty looks good and we will see new highs in coming sessions despite of yeaterday's blow.

👆As mentioned earlier this week to be very volatile, we witnessed many aggressive swings up and down.📈📉

Sometimes in market staying away is also a trade.

During such scenarios you can look for the past 1-2 months support - resistance zones for initiating the fresh positions.

** YOU HAVE TO ANALYSE THE INTERMEDIATE OR THE SECONDARY LEG OF THE WHOLE PRIMARY UP/DOWN TREND.

#finwings #stocks

Yesterday, despite Nifty closed in red (-54 points), the premiums of both call and puts were in green.

When the Implied Volatility(IV) increases the options sellers should avoid writing.

** These are the only scenarios when option buyers would make money.

✨✨Professional traders:✨✨

👉Manage risk

👉Stay humble

👉Trade with an edge

👉Continuously improve

👉Know they can be wrong

👉Focus on what they do best

👉Never let ego get in the way

👍Know when to stay out of the markets.

#Auto ancillary stocks.

🤷SUCCESS IS NEVER OWNED,
ITS RENTED.

AND THE RENT IS DUE EVERYDAY.

Cues for Today

■ Global Market update

- Dow down 179 pts
- Nasdaq up 12 pts
- Hang Seng up 470 pts
- Dow fut up 96 pts


● FPIs remain net buyers with 18,456 crore investment in Jan so far

● Faster withdrawal of global stimulus can impact markets: Vetri Subramaniam

● India’s consumer internet market saw ‘swoosh-shaped’ recovery in 2020; to hit $250B GMV in 2025

● More banking results this week, banknifty to be very volatile.

● Amid the budget sentiments FIIs have shorted index and Call options, may be mostly in banknifty to hedge their long positions in cash according to OI data.

SGX NIFTY + 128 pts

7 ways you can exit a trade:

1. Trailing stops
2. Support & resistance
3. Fibonacci extension
4. Swing high & low
5. Setup is invalidated
6. Previous candle high/low
7. Time stop

BONUS- Margin call😄

Cues for Today

■ Global Market update

- Dow down 23 pts
- Nasdaq down 10 pts
- Hang Seng up 33 pts
- Dow fut down 63 pts


● Chinese central bank to drain liquidity from the market today.
China will inject 180 bn yuan to the market via 7-day reverse repo, while 280 bn yuan reverse repo expires, a net 100 bn yuan would be drained from the market

● The US government facing pressure to pass $1.9 Trillion pkg, The US Senate Majority Leader Chuck Schumer said Democrats will move forward without Republican support if necessary

● IMF's latest World Economic Outlook, now expects the global economy to grow 5.5% this year

● Latest IMF projections places India as the fastest growing Economy in the world for CY 2021 and 2022. (Albeit on a lower base)

Nifty may open gap down - sgx adjusted.

●OI analysis

📉📈We may still witness a volatile session. As OI data suggests the range of 14000-14050 to 14420- 14500 with 2 days for the expiry. (OI + option premium at ATM.)

📊Also if the 14250 level is resisted we may see further sell- off and then we will witness a fresh buying.

Today's Open 14237 was not taken out, and we witnessed a further sell off as the current positional trend was down.

Now the prices will support the current down trend around 14050- 14000 and we will see a pullback subsequently.

However the volatility amid the budget sentiments may trigger further sell off only we see short covering on 14100 - 14000 PE strikes. Keep a watch on it.

Good trading isn't about how much you make.

You can make money on poor decisions and lose money on good decisions.

Instead, focus on the process.

Identify your edge, execute it relentlessly, and don't look for shortcuts.

Cues for Today

■ Global Market update

- Dow down 633 pts
- Nasdaq down 355 pts
- Hang Seng down 430 pts
- Dow fut up 7 pts


● US Fed left the interest rate unchanged

● Sanofi will produce Pfizer/BioNTech vaccines at its Frankfurt facility by July.

● Microsoft unveils record results with quarterly revenues of $43.1 billion.

● AMD surpasses the $3 billion mark in quarterly revenues.