#Ironcondor

36200pe sell and 37200ce sell with a capital of 20 lac. Net gain will be 2% by weekly expiry.

Adjustment.
Shifted the positions to 36500pe short and 37200ce sell, for expiry, net gain will be 3% on 20lac.
#expirytrade.

Squared off all positions. Booked 1.25% intraday. Will take fresh positions tomorrow.

#movingaverages
#trendline
#candlestickpattern

How to confirm a UP trend's Buying support zone with trend line in confluence with the moving averages?👆

Also try to identify bullish reversal candlestick patterns at support zone- Area of Value to confirm the buying pressure and get a better risk reward.

#expirytrade
#banknifty
#ironcondor

Started the day with 36700pe sell and 37300ce sell, then shifted the call short to 37200 as significant call was seen on 37000ce.
Net gain will be 2% by expiry on 20lac capital.

Last expiry booked 9%loss and then took positions on friday with bearish intent sold 38000ce 38100ce, and booked 7% profit today.
Now, expecting a volatile move in the range 36500- 37500 for the rest of expiry and deployed iron condor👆. Net gain for the above positions will be 6.5%. If the expiry falls in the above range, will turn profitable with 2.5% of last 2 weeks.

Sometimes market takes a huge sum fro you in a short span of time during volatility but then gives back you slowly eventually.

Cues for Today
🔴MARKET SENTIMENTS- VOLATILE- (The OI data suggests the long side in indices futures is weakening, but in options the positions still stays neutral by the FIIs. Technically in lower time frames the market seems to take support and bounce back- mean reversion from oversold zone in 5min and 15min expected.)

■ Global Market update
- Dow down 614 pts
- Nasdaq down 330 pts
- Hang Seng up 16 pts
- Dow Fut up 372 pts

● Ahead of the FOMC meeting sentiment was hurt by a potential default from Chinese property giant Evergrande which it is likely to be bailed out by Chinese Government

● Dow Jones fell more than 600 points, the most since July, and S&P 500 and Nasdaq suffered the worst fall since May, A recovery was seen in the last hour in all 3 indices, Dow Fut is showing good recovery as well.

📊 The futures positions by FIIs in indices are 60% long vs 40% short which was above 65% in last whole week, if the correction is going to continue the long positions will start reducing and come below 60, else we may see a consolidation ahead in the range 17200- 17700 for the rest of the week.
>> In options significant call writing was seen as it surged around 80% short positions in both the indices by FIIs, and a slight reduction in put short.
>> The call short positions are 254k contracts vs 301k put short contracts by the institution.

📉📈 According to pivot charts, the key support levels for the Nifty are placed at 17298 followed by 17199 and the key resistance levels to watch out for are 17559 and 17721.

>>RSI in daily charts is indicating a retreat from the overbought zone.
>> MACD line suggests a complete momentum break, a correction or consolidation is likely.

#Ironcondor
Amid the volatility, kept yesterday's positions open and then shifted to 36700pe and 36600ce, net gain will be 6% by end of the expiry of the current positions, still lagging 2.5% for the month.

#Ironcondor.
#expirytrade.
shifted positions to 36700pe and 37400ce, with net gain of 6.5% on 18 lac capital.

#expirytrade
#banknifty
Amid the volatility booked loss in 37400ce that was shorted yesterday, and then moved to 37300pe short and 37600ce short, had to again book loos in 37600ce and then final positions was bullish sold ITM put around 1pm, 37700pe to recover loss. Net 2 weeks loss 4% on 18lac.

Hoping the VIX to crash for gains.

Low volatility today, only adjusted the 36800pe short to 37000pe short. Expect further volatility, so will bring position near on Monday. Here the net gain will be 7.77% on 18 lac.
#ironcondor
#banknifty

#fibonacci
#swingtrading

What is Golden Zone while using the fibinacci retracement tool?

● In any defined uptrend if the counter trend or the retracement supports the 50% - 61.8% levels and bounce back, subsequently marks a new high represents a strength in the trend and will continue further.