The chapters below are the analysis of each day’s price movement. It is highly technical and my reports are based on the charts. Usually, I start with the 4mts candle and call out any anomalies or unusual patterns. Then I take up the 63mts chart to see if it fits into the broader trend.
The trading style I follow scans for the market direction and plays along. There are 2 types of strategies deployed. 1. Directional Trades 2. Non-directional Volatility-based Trades. The base case is that either the market trends (either direction) or stays in the range. Choosing which strategy to deploy is like belling the cat. As you read along, you will be able to understand the rationale for why I took those trades.
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.
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Balachandran Viswaram
I am a NISM certified research analyst, a full-time options trader, and a student of economics.
This is my 5th book on stock markets and the 4th one in the post-mortem series. Nifty50 is given priority for trending strategies whereas BankNifty is preferred for highly volatile environments. One of the reasons is that when implied volatility shoots up, BankNifty options premium gives a higher bang for the buck.
