Update

Just an advice

Do not short🤞

Isme sl hunt karke

Abb ja rahe view ko respect karne😂

Same happened here 😬

#psycology

kal kisi ko psychology samjha raha tha,

Unhone 2 lakh ka loss liya..

ki position size theek rakhiye ,

breakout trades mat lijiye..

What I did today , as per my analysis .. i booked profit in two lots put in morning..

Then made two lots hedge ..

But I had targets of 51250..

So I was like agar put k chart par breakout aaya to lena hai..

Bought 10 lots naked.. at premium 480..
Avaraged 10 lots at 450..

SL was 411..

411 toota bought 30 lots call..

Booked 50 points in 30 lots call..

And jaise hi mtm hua zero i exited..

Now both call and put were like breakout trades , and lots were like anything..

So after many days over traded with wrong position size and paid brokerage and taxes with nill profits..

Pata nahi yeh hamesha kyon hota hai jab bhi kisi ko samjhata hoon agle din wohi galti kar deta hoon..

It's a unbreakable record till date..

Galti chahe experience player kare ya new bee.. price to pay karna hi padta hai..

Bus experience player kisi tareh bade loss se bach jaata hai..

Same thing i questioned one of the famous option buyer ki khud to aap follow nahi karte jo hame sikhaate..

Now I understand sometimes these things happen , agar yeh control ho jaaye , to NO RED days are not far enough...

Bought 23200 PE at 105 SL at 63, Safe Players buy at 120 , Sl same 63 , Target upside open

Lupin
Intraday

Only above orange🤞

BNF: Macro view 24th June

BNF: Macro view

Often, the gaps or singles left, even for a few ticks, are like the butterfly flapping its wings in Hawaii leading to a hurricane on the US Gulf Coast. The singles left on June 7th at the 49500 level have seen at least two attempts on June 10th and 11th. However, responsive buying above 49500 levels has kept these singles as a testimony of trapped shorts and an anomaly or poor structure which often gets revisited.

From a macro perspective, June 7th to 14th saw the markets moving sideways and balancing. During this period, the value area (or cost basis) overlapped, forming a significant accumulation zone for the wholesalers. The high at 50200 levels was repeatedly tested until it finally broke on June 18th, turning strong resistance into support—unbroken since. Wholesalers, who accumulated enough inventory between June 7th and 14th, stopped supplying, causing trapped shorts to turn buyers and driving the price up. This attracted more wholesalers and retail investors, leading to a 1500-point rally on June 19th. Since then, we have entered a distribution phase.

With hardly any supply at all-time highs, the ones holding inventory are the wholesalers, using trapped shorts to maintain high prices while selling slowly. Trapped longs, hoping for an upward move and with an average buying price much higher than the wholesalers, are likely holding on, unable to compete in selling. If wholesalers don't see enough demand or lack further buying, we might witness a flash sale or an inventory adjustment to attract more buyers.

51300 is a critical level. Below this, new longs might liquidate their inventory, leading to price competition and allowing wholesalers to cut prices faster as their average buying is below 49500 levels. Meanwhile, shorts trapped below are waiting for prices to fall to exit gracefully, providing buying support around the 51200 - 51050 zone.

Key levels to watch:

On the downside: 51200 - 51100 - 50950 - 50700. Below 50700, a sharp move toward cost basis or 49500 levels is possible.

On the upside: Sustaining above 51450 is critical for any upmove, with supply at 51620 and 51800 levels.

banknifty reversal possible

41800 pe 343 to 395

Watchout for the single—indicator of trapped shorts at 51500 levels.
Shorts often provide buying support and hence sharp bounce towards 51620 is possible.

Radico
Intraday

Only above orange🤞

Mmtc
Intraday

Only above orange🤞

Update

T1 done☘