📍 Index: Bank Nifty
🗓 11 Mar 2024
🚨 The Big Oi Movement indicates a Negative sentiment in Banknifty as all the ITM, OTM, and ATM positions on the CALL side showed a short build up, while the PUT side spotted a short covering after 11:00 am.
⚡️ A bearish attitude was shown by the Trending Oi graph, which displayed a Negative sentiment from the day's opening as CALL Oi increased and PUT Oi stable to decreased.
📉 With all the major data indicating bearish sentiment. Banknifty fell more than 300 pts after 11:00 am.
*DISCLAIMER: These posts are intended to help users decode Oi data better. These are not a buy/sell recommendation.
🔥 Feel the Pulse of our Markets Using Oi Pulse
🗓 11 Mar 2024
🚨 The Big Oi Movement indicates a Negative sentiment in Banknifty as all the ITM, OTM, and ATM positions on the CALL side showed a short build up, while the PUT side spotted a short covering after 11:00 am.
⚡️ A bearish attitude was shown by the Trending Oi graph, which displayed a Negative sentiment from the day's opening as CALL Oi increased and PUT Oi stable to decreased.
📉 With all the major data indicating bearish sentiment. Banknifty fell more than 300 pts after 11:00 am.
*DISCLAIMER: These posts are intended to help users decode Oi data better. These are not a buy/sell recommendation.
🔥 Feel the Pulse of our Markets Using Oi Pulse
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I appreciate his thinking in approaching TRADING AS A BUSINESS IDEAS, as trading with this perspective can lead to significant long-term results.
Here are some crucial aspects to consider when running a business:
1. Acquiring Business Knowledge (Mastering trading in a thorough manner)
2. Developing a Sound Business Idea (Creating a comprehensive trading plan)
3. Managing Working Capital (Profit may not be immediate)
4. Utilizing Technology and Business Tools (Implementing trading tools effectively)
5. Maintaining Consistency and Discipline (Discipline is crucial in trading)
6. Engaging in Continuous Learning (Learning from daily experiences)
7. Keeping Records (Maintaining a trade journal and analyzing past trades)
By adhering to these principles, your business stands a higher chance of achieving profitability
Here are some crucial aspects to consider when running a business:
1. Acquiring Business Knowledge (Mastering trading in a thorough manner)
2. Developing a Sound Business Idea (Creating a comprehensive trading plan)
3. Managing Working Capital (Profit may not be immediate)
4. Utilizing Technology and Business Tools (Implementing trading tools effectively)
5. Maintaining Consistency and Discipline (Discipline is crucial in trading)
6. Engaging in Continuous Learning (Learning from daily experiences)
7. Keeping Records (Maintaining a trade journal and analyzing past trades)
By adhering to these principles, your business stands a higher chance of achieving profitability
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Good Morning Team, Yesterday Bulls Got Punctured with BN in the Morning & 2nd Half it was all Nifty Show. But only saving grace is BN didn't do much beyond 12 PM & was Trading in a Box Range. Though Nifty fell its all about Long Unwinding & no Major SB occurred. Considering the way US Markets recovered from Days low and closing in Green & with Dow Futures also trading in Green, expect some cool off in our Markets. If there's no major news during the day, expect the day to be in Sideways. There are some news about ED & SEBI action on Stock specific actions & that might some impact... so ideally it's better to stay light & Indices might just wait for further clarity. See you all in Mentoring Session at 10.30 AM. Happy Trading 👍
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Forwarded from Options Scalping® (Sivakumar Jayachandran)
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Chennai & Hyderabad... Dates & Registrations To Begin Soon
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Forwarded from Options Scalping® (Sivakumar Jayachandran)
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Team, Those Who Are Interested To Attend Chennai Or Hyderabad Event In April, Please Vote... Others Please Wait For Your Respective Cities. As It Will Help Us For Headcount For Banquet. Ticket Size - INR 3500.
Anonymous Poll
58%
I Would Like To Attend Chennai Event
42%
I Would Like To Attend Hyderabad Event
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