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Subrat SaurabhAuthor of Kuch Woh Pal
The chapters below are the analysis of each day’s price movement. It is highly technical in nature and my reports are based on the charts. Usually, I start with the 5mts candle and call out any anomaly or unusual patterns. Then I take up the 1hr chart to see if it fits into the broader trend. The trading style I follow scans for the market direction and play along. For example, if the markets are falling - I still prefer to short CALLS. Agreed the premiums in CEs would have dropped once the index makes its move - but I feel it is in sync with my risk profile. Also, I prefer to wait for the volatility to pick up before selling options.
On each expiry day - I bring up the weekly analysis to comment on how that index behaved in the last week. And on the last expiry of the month - I bring up the monthly chart. Nifty is discussed first followed by Banknifty. On Tuesdays I bring up the FinNifty charts.
Since we have one or the other index expiring daily - most of the trades are done to take advantage of that. I guess the market participants are growing in huge numbers to play expiry - a situation similar to gambling is happening. Strongly advise to do your own research and deploy strategies that are inline with your risk management.
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Balachandran Viswaram
The Author is a NISM certified research analyst, full time OPTIONS TRADER and a student of economics.
He prefers to write about subjects related to stock markets, investments, options trading & expiry day-trading. He also maintains a daily blog viswaram.com where he publishes daily post-mortem of Nifty50 and BankNifty. He is also an active community member at TradingView and TradingQna
