Update 29 05 24

Vicky kumar

29 May 202401:35

Summary

TLDRThe speaker discusses a trading strategy based on the Nifty 50 index, which they had previously shared on Telegram. They had advised not to go long on the bank Nifty if it doesn't cross 49,500 and had taken a position accordingly. The speaker also mentions a clear view of the market and a profit from a gap down. They had planned to short at 49,000 if the bank Nifty didn't rise by 10:30 am. The market opened and fell sharply, not recovering, validating their strategy. With the speaker having no current position, they are watching for opportunities to short again if the market rises slightly, noting high volatility due to the monthly expiry.

Takeaways

📈 The speaker had previously shared a trade process on Telegram and had a clear view that if the bank Nifty goes above 49500, they would not go long until the market travels further.
📉 The speaker carried out a position from the previous day and made a profit even with the market open, thanks to a good gap down.
🚫 The speaker had informed that if the bank Nifty does not cross 49000 by 10:30 AM, they would go short by selling a 49000 call option.
📊 The market opened and fell sharply without recovering, as observed by the speaker.
⏰ The speaker mentions that the market is currently passing the time near the one average, indicating a potential sideways movement.
⚠️ The speaker warns that the market could be very volatile today due to the 'Mantle Expiry', suggesting caution.
🈳️ The speaker does not currently hold any positions as they have already made a profit and are waiting for further market movements.
🔄 The speaker is considering taking a short position if the market rises slightly towards 48600, 48800, or 48850.
📝 The video is an update for the audience, summarizing the speaker's actions and thoughts on the current market situation.
🗣️ The speaker emphasizes the importance of watching the market closely, especially with the Mantle Expiry, and is ready to act based on market movements.

Q & A

What was the initial trade process shared on Telegram?
-The speaker had previously shared a trade process on Telegram, which involved a clear view that if the bank Nifty goes above 49500, they would not go long until the market travels upwards.
What was the speaker's position on the trade the day before the video?
-The speaker had carried out a position the previous day, which resulted in a complete profit even with the market open the next day, thanks to a good gap down.
What specific condition did the speaker mention regarding the bank Nifty and the call option?
-The speaker mentioned that if the bank Nifty does not rise above 49000 by 10:30 AM, they would consider shorting the 49000 call option.
What happened when the market opened in the video?
-The market opened and fell sharply, never recovering back to the previous levels, as observed by the speaker.
What is the significance of the term 'Manthani Expire' mentioned in the script?
-The term 'Manthani Expire' refers to a specific expiration date for options contracts, which the speaker warns could lead to higher volatility in the market.
What is the speaker's current position in the market?
-The speaker does not have any position in the market at the time of the video, as they have already made a profit and are observing the market for potential opportunities.
What is the speaker's strategy if the market rises slightly higher?
-If the market rises slightly higher and approaches 48600, the speaker plans to take a short position in the market again.
What does the speaker mean by 'market open' in the context of the trade?
-The term 'market open' refers to the time when the trading session begins, and in this context, it means that the speaker's trade was profitable even when the market was open the next day.
What is the speaker's view on the bank Nifty's performance?
-The speaker's view is that the bank Nifty is not able to rise above 49000, which is a critical level for their trading strategy.
What advice does the speaker give regarding the market conditions on the day of the video?
-The speaker advises to pay attention to the market conditions, especially considering the Manthani Expire, which could lead to significant market fluctuations.

Outlines

00:00

📉 Stock Market Trading Strategy

The speaker discusses their trading process in the stock market, specifically focusing on a trade in the banking sector. They had previously informed their group on Telegram about a clear view that if the Nifty index does not travel above 49,500, they would not go long within the bank limit. The speaker had closed their position the previous day, which resulted in a complete profit even with the market open, thanks to a favorable gap down. They also mention a strategy based on the bank's Nifty view that if it does not rise above 49,000 by 10:30 AM, they would take a short position at 49,000. The speaker observes the market's strong downward movement and notes that it did not recover, indicating a potential continuation of the trend. They also caution about market volatility due to an 'expairi' (possibly a misspelling or mispronunciation of 'expiry') and state that they have no current position in the market. The speaker intends to take a short position if the market rises slightly above 48,600 or 48,850, but only if it approaches those levels.

Mindmap

Keywords

💡Trade

A trade refers to the act of buying or selling a security, commodity, or currency in the financial markets. In the context of this video, the speaker discusses a specific trade process they had previously mentioned on Telegram, which is a key part of the video's theme about financial trading strategies.

💡Telegram

Telegram is a cloud-based instant messaging and voice over IP service. In this script, the speaker uses it as a platform for communicating their trading insights and strategies with their group, highlighting its role as a medium for sharing financial advice.

💡Bank Nifty

Bank Nifty is a stock market index representing the banking sector of the Indian stock market. It is used as a benchmark by investors and traders. The speaker mentions a specific level of Bank Nifty (49500) as a critical threshold for their trading decision, indicating its importance in the video's discussion.

💡Long Position

A long position in trading means that the trader has bought a security or other asset with the expectation that its price will rise. The speaker mentions not entering a long position until the market behaves in a certain way, showing the strategy of waiting for favorable conditions before making a move.

💡Profit

Profit in trading refers to the positive difference between the purchase and selling price of an asset. The speaker talks about making a 'full profit' even with the market open, which demonstrates the successful outcome of their trading strategy.

💡Gap Down

A gap down occurs when the opening price of a security is lower than its previous closing price. The speaker mentions getting a 'good gap down,' which likely contributed to their successful trade, indicating a significant market movement that they anticipated.

💡Call Option

A call option is a financial contract that gives the buyer the right, but not the obligation, to buy a stock, bond, commodity, or other asset at a specified price within a specific time period. The speaker plans to short a call option if Bank Nifty does not rise above 49000 by a certain time, showing a specific trading action based on market conditions.

💡Short

To short a security or asset means to sell it with the expectation of buying it back later at a lower price to profit from the decline in price. The speaker's plan to short a call option is part of their strategy to capitalize on expected market movements.

💡Market Open

When the market is open, trading can occur. The speaker mentions that their profit was made even with the market still open, which suggests the trade was executed during trading hours and highlights the dynamic nature of financial markets.

💡Mental Expiry

Mental expiry refers to the expiration of options contracts. In the script, the speaker warns that the market may be more volatile due to the expiry of options contracts, indicating a potential increase in market movement and the need for caution.

💡Position

A position in trading refers to the amount of a security or contract held in an investor's portfolio. The speaker mentions carrying a position and then not having a position, which reflects their trading actions and the changes in their portfolio over time.

Highlights

Trade idea was shared on Telegram prior to the trade.

Clear view not to go long if bank NIFTY goes above 49,500.

Carried a position from the previous day and executed it.

Made a full profit despite the market being open due to a good gap down.

Specific view in bank NIFTY about not being able to go above 49,000.

Planned to short the 49,000 call if it doesn't happen by 10:30 AM.

The market opened and fell sharply, never recovering.

Observed the market passing time near the 1st average.

Today there is a monthly expiry, which could lead to high volatility.

No position in the market as profit has already been made.

Will try to take a short position if the market rises slightly.

Considering taking a position if the market comes near 48600, 48800, or 48850.

Created a video to update viewers on these points.