Piyush Chaudhry
@piyushchaudhry
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Trader | Elliott Wave Principle | Automated Trading Algorithms | Volatility | Macros | Gymmer | 🕉️🔱
Mumbai
Joined May 2010
A Trader deriving NIFTY support levels for next week
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Historical precedents show that whenever NIFTY/DXY ratio peaked based on Time Cycle, it was usually followed by a corrective phase in NIFTY. The ratio is at a similar juncture again. white: NIFTY / DXY ratio (scale right) .blue: NIFTY (scale left) .green: Time Cycle
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kya subah ka bhoola sirf phone bhool gaya tha isliye wapas aaya hai, or is he back for good❓
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NIFTY closing at week's Low. This week's Low can be Next week's High . Or Not❗️.
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All Eyes 👀.
IF tomorrow NIFTY doesn't close above 24600, there will be 6 red weeks in a row on NIFTY. That would be an extremely rare occasion, last seen only in Years like 2001 & 2008. In those years, such >=6 red weeks didn't form the bottom, they occurred somewhere in middle of the Move.
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Trading profits after STT
Securities Transaction Tax (STT) is the biggest tax that traders pay, and it's much higher than brokerage fees. At Zerodha, the STT we collect and pass on to the government is higher than the brokerage we earn. Trading volumes are highly sensitive to the STT. The level of STT
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Wow, just got a glimpse of the 915 Trade terminal, and I must say, genuinely impressed. For the first time, it feels like someone actually gets what an F&O Trader needs. Total control over how our screen looks, where the widgets go. Finally, a Terminal that blends with our
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I’m not aware of any credible Technical Analysis concepts that have stopped working.
@piyushchaudhry gone are the days of traditional chart reading. It does work. but not as much as it used to a decade ago.
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IF tomorrow NIFTY doesn't close above 24600, there will be 6 red weeks in a row on NIFTY. That would be an extremely rare occasion, last seen only in Years like 2001 & 2008. In those years, such >=6 red weeks didn't form the bottom, they occurred somewhere in middle of the Move.
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A. Is it Bullish that FII's are having highest amount of Index Shorts❓.Or, .B. Is it Bearish that Retail is having highest amount of Index Longs❓
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Forget Indexes, Exchanges in India should just launch Tariff Daily Expiries.
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whatever little I've been able to understand about Trump -- He pretty much announces anything anytime. So, if he's warning about an announcement, which is not normal, it could well be a signal to his party insiders about entering / exiting some Trade
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At this pace, Tariffs will cross 1000% by tomorrow Morning!
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