How We Made 83+ Lakh Profit🔥in Just 30 Days | Profitable Trading Strategy🚀 | YAK Trading

Summary

The video script discusses a new weekly series on market updates, trends, and sector performances. The host shares insights on trading strategies, emphasizing the importance of understanding market trends through 30-minute time frames over 30 days. They also talk about integrating a credit letter section and monthly updates, aiming to build trust with the audience. Sector-specific analysis is provided, highlighting IT as a strong sector for swing trading. The host encourages viewers to focus on strength in the market for breakout trades and mentions their educational mission, responding to comments and questions from the audience.

Takeaways

• 😀 The video is part of a new series called 'Weekly Market Updates', focusing on weekly trends, market performance, and sectoral performance.
• 📈 The presenter discusses the overall trend of NIFTY and BANK NIFTY, suggesting the use of a 30-minute time frame to understand market trends better.
• 📊 The script mentions that the market is currently in an uptrend, with consolidation phases and expansion moves, indicating a bullish view if the market continues without showing weakness.
• 📉 The BANK NIFTY is noted to be underperforming slightly due to stock-specific news, with a major component having a gap-down movement.
• 📝 The presenter emphasizes the importance of building trust with the audience by consistently providing professional and profitable trading insights.
• 📉 The script highlights the current support and resistance levels for NIFTY and BANK NIFTY, with 24200 as the nearest support and 24000 as the major support level.
• 📈 The IT sector is pointed out as the strongest sector for the week, suggesting it as a good area for long bets and exploring stock patterns within it.
• 📊 The video also discusses the performance of broader indices and sectors over the past week, indicating the IT sector's strong performance.
• 📈 The presenter advises focusing on strength in the market and looking for breakout trades in areas of strength, as breakout setups are more likely to succeed there.
• 📊 The monthly PNL (Profit and Loss) of a consolidated account is shared, showing a positive performance due to good premium opportunities and a discriminatory approach.
• 👍 The video concludes with a request for audience engagement, asking viewers to share, follow, subscribe, and like the content, and to provide comments for interaction.

Q & A

What is the main topic of the video script?

The main topic of the video script is about providing weekly market updates, discussing weekly trends, market performance, and sectoral performances, along with integrating a section called 'Credit Letter' into the series.

Why did the speaker merge the 'Credit Letter' section into the video series?

The speaker merged the 'Credit Letter' section to provide additional valuable insights such as PNL (Profit and Loss), and to build trust with the audience by showing that the professionals are consistent and profitable traders.

What is the suggested approach for understanding market trends if someone finds it difficult?

The suggested approach is to use a 30-minute time frame and observe it over 30 days to get a clear picture of the market trends.

What is the current view or perspective on the NIFTY index as discussed in the script?

The current view on the NIFTY index is bullish as the market is seen moving upwards, consolidating, and then extending upwards, with the nearest swing low acting as support.

What is the significance of the 24200 level mentioned in the script for the NIFTY index?

The 24200 level is considered intermediate support for the NIFTY index. If the market closes below this level, it could indicate a reversal, and a cautious approach towards long positions would be needed.

What is the Bank NIFTY's performance trend as mentioned in the script?

The Bank NIFTY is performing in an upward trend, but it has recently moved downwards due to some stock-specific news, causing a gap down.

What advice is given for trading in the market based on strength and breakout trades?

The advice given is to focus on the strength in the market and look for breakout trades in areas where there is strength, as breakout setups are more likely to succeed in strong sectors rather than in weak or side territory.

What is the importance of the IT sector in the context of the script's discussion on sectoral performances?

The IT sector is highlighted as the strongest sector, suggesting that for long bets, exploring the IT sector could be beneficial, especially if there are good stock patterns or setups.

What is the purpose of the monthly PNL (Profit and Loss) discussion in the script?

The purpose of the monthly PNL discussion is to showcase the performance of the trading accounts, demonstrating the effectiveness of the trading strategies and the quality of the premium education provided.

What is the response to the comment about having a lot of money and still needing a channel?

The response clarifies that the focus of their trading training arm is to provide quality education, and having a channel helps reach a wider audience, which is beneficial both for the learners and as a business strategy.

What is the future plan mentioned in the script regarding subscriber growth and content sharing?

The future plan includes sharing daily trading analysis and eventually conducting live trading sessions once the subscriber count reaches a target of 5000.

What advice is given for those interested in scalping as a trading style?

The advice given is to first focus on swing trading and higher time frames before moving to scalping, as it requires a superior level of expertise and is one of the most difficult forms of trading.

What is the final request made by the speaker to the audience?

The final request is for the audience to show more love for the channel by sharing the videos, following, subscribing, liking, and commenting, to help the channel grow and continue providing valuable content.