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#psycology

Having a trading partner ( in the live) market helps you a lot..

1. You could discuss and take proper entry

2. Your position size is in control

3. You can be clear in your strategy..

4. You can trade what you planned (most important)

For example today my partner asked if it was ok to buy put , i said yes buy put but also short a put of otm so that we can buy a put naked when our shorting level comes ..

When our shorting level came he asked me can I buy now one more lot. I said no because it might be that we get fall tomorrow and today it might move a bit more up..

He said but that was our plan that we would buy naked at our shorting level.. so we bought and it paid off..

BNF 03 May Prognosis

BNF adhered closely to our analysis today, as it rotated within the range we anticipated, with a high of 49530 and a low of 49123. The previous day's PPOC at 49500 proved to be a formidable area of resistance, and the trapped shorts in the Singles zones (49200 - 49080) consistently covered their positions each time the price approached, providing buying support. This rotational movement led to the development of a new PPOC at 49270 levels.

Looking ahead, we have an intriguing setup: at 49975, there is a G2 high, which typically clears in T+2 days if the sentiment remains positive according to the Bell Trend Analyzer, which is currently indicating positivity. However, we also have two significant PPOCs—one at 49270 and the other at 49500—offering considerable resistance. Therefore, the opening tomorrow will be crucial. An open above 49300, followed by a clearance of 49500, would potentially pave the way for surpassing the G2 high. Whether this occurs tomorrow remains to be seen. Alternatively, resistance at 49500 could result in another day of rotation between 49500 and 49100 levels.

Conversely, any open and sustained movement below 49100 would indicate downward momentum, with support zones emerging around 48800 - 48650 levels. As always, BNF will continue to be tricky!.

Silver MCX ,Best Buying Range is Around 76000ish Level

#IntradaySetup TCS Strong Above 3871

#Intraday Setup PowerGrid Weak Below 312.65

#IntradaySetup HUL Weak Below 2221

Polymed
Ab iski barri hai momentum will shut up
Sl yesterday low kafi hai

#IntradaySetup TataCommunication FUT Weak Below 1744

#IntradaySetup GMRInfraStructure Weak Below 86.60

So far so good. Watchout for rejection vs crossing upwards at 49000

Observing for next movement.

#IntradaySetup IEX Weak Below 154.60

Banks showing strength. HDFC sustaining above 1525 can turn the tide