Edit this postToday is Quadruple witching day in USA which is the simultaneous expiration of stock options, stock index futures, and stock index options contracts all on the same trading day. This happens four times a year: on the third Friday of March, June, September, and December.
What a day we had, in terms of markets and also our trades. The most important point is we had only 1 open trade at a time with 6/6 hits. It shows efficient use of capital. The point to note is that we should have some more follow through today.
This is what capitulation is. Most analyst and most channels do not understand anything about it as we are seeing it after 14 years and most channel admins have experience of less than 5 years.
What we need to do? Retail should stay away. PLS, STOP BUYING STOCKS. I HAVE BEEN SAYING THIS SINCE LAST AUGUST. Others should wait for this mayhem to settle and then think about entering. Pls understand, if you are able to ride and survive the next few months, you will make good money when the trend reverses.
Only 2 levels are important. 15000 on the Nifry and 32000 on Bank Nifty. Rest of the numbers are useless.
Make money using our bank nifty option tip on a daily basis.
