Not a flat opening but the market view still stays the same.

I am producing a web series based on the life of a common trader with one of the OTT industry’s best directors.

The shooting will start by the end of 2027, and we are lucky to have signed actors who have worked with top OTT platforms in the country.

This is going to be my first investment in the Indian film industry, and I will try my best to produce something of top-notch quality.

Ganpati Bappa Morya!

Performance of Piyush’s Magic Levels for today.

A completely normal stop loss day.

Today I am expecting a gap down opening after which a sideways/volatile market with slight negative sentiments.

These are Piyush’s Magic Levels for today

Donald Trump is losing the mid-term elections in the US as per the news that I saw just now.

It’s positive for India as he was pressuring us for making decisions that are bad for our country.

Maybe that’s why the stock market is going up. Let’s see what happens next.

40% of retail traders will instantly stop wiping out their capital in a week if they stop taking more than 2 trades a day.

Seems like Trump losing mid term elections was not enough to hold the market up.

Nifty finally fell 😗

Performance of Piyush’s Magic Levels for today.

A perfect sideways/volatile market with slight negative sentiments.

Today I am not going to trade because it is an event day. On events, I prefer not to trade because market usually doesn’t follow rules. Best of luck to those who are going to trade.

The events are -

> Trump losing mid term elections
> Crude oil crashing down

I have been trading since last 8 years.

I know how the market behaves on event days.

It doesn’t follow any kind of rules. It’s a royal rumble.

Anything could happen at anytime so I prefer not to trade at all.

Why shall I take unnecessary risk? It’s my bread and butter after all.

Market will open again tomorrow so there’s no reason not to skip a risky day.

If you don’t have enough patience to skip a day, you’re clearly addicted to trading.

And nobody with an addiction ever became profitable. You need to feel that trading is boring.

Do you understand?

My decision to not trade today was such an excellent decision. Award-worthy.

Nifty is so choppy that it’s stuck in between 80 pts since last 4 hours.

Even if someone had decided to trade, they would have anyways lost because of falling option premiums.

My first trading book, titled “30 Pages to Profitability,” was launched on 21st July this year.

More than 2,000 traders have read my book so far and sent me many appreciative messages.

Each of them appreciated the fact that the book is neither boring nor just filled with information.

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In Stage 1, we successfully launched the book and received great feedback.

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When Nifty opened 405 pts gap up today, there were two kinds of traders:

1. One who thought the gap up was too huge and wouldn’t sustain, so Nifty would come down.

2. Another who thought that the trend is positive, so he should go into a long trade.

The second trader made profits while the first trader made losses. However, both of them were right.

That’s because the last few times when Nifty opened with such a huge gap up, it had also came down.

The truth is that you never know whether Nifty will go up or down after opening a huge gap during an event.

Both of those traders were right with their theses, but people will only appreciate the 2nd trader just because he made profits by luck.

Meanwhile, next time if the market comes down, the second trader will be shamed by the same people while the first trader will be appreciated.

All while both of them are simply gambling 😭 Therefore, instead of being like the above two traders, the best option is to take a holiday on such event days.

That’s what I did.

Today I am expecting a huge gap down opening after which a sideways/volatile market with negative sentiments.

These are Piyush’s Magic Levels for today

Nifty has opened flat instead of a huge gap down opening.

This is why trading during event days is what I always try to avoid.

Market is full of insiders and gamblers so the market doesn’t follow any rules.

Anyways, I still expect some negativity but I’ll be trading with only half my capital.

Nifty: +1.03%
Long term portfolio: -0.94%

I believe it’s the same for everyone else.

Broader market is down while only index is up.

Something is wrong. Do you understand now why I avoid trading on event days?

A no-trade day for me today.

Market kept going upwards and didn’t give any entries.

The Indian stock market recovered from the 1991 balance of payments crisis.

The Indian stock market recovered from the Harshad Mehta scam.

The Indian stock market recovered from the Asian financial crisis of 1998.

The Indian stock market recovered from the dot-com bubble crash of 2001.

The Indian stock market recovered from the global financial crisis of 2008.

The Indian market also recovered from demonetisation, INR crisis, COVID lockdowns, etc.

This is why the Indian stock market will definitely recover from Nirmala tax crisis & lack of AI/robotics issue.

It’s just a matter of time.