tanayroy

tanayroy

In the last week (14th August Expiry), Nifty traded within a narrow range, largely hovering around the CPR (Central Pivot Range) calculated for the expiry. This week, we saw Nifty open above the Pivot, signaling a bullish reversal. The index then tested the Pivot before surging to R4, forming a strong green expiry candle. This upward move was anticipated...

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tanayroy

Discover how the Weekly Options Expiry Candle can refine your analysis and improve your trading decisions. This video is especially valuable for Indian traders who actively participate in weekly options trading. Learn how to incorporate this tool into your strategy to gain a competitive edge in the market.

tanayroy Updated 

After a notable expiry week characterized by significant activity, the current Nifty expiry week commenced under less favorable conditions. This analysis explores the Nifty Index from both the expiry candle and options technical perspective to provide a comprehensive view of the market dynamics. Expiry Candle Analysis: This week's expiry candle started at the...

tanayroy

Today, the market found support at the S4 level of the expiry pivot. Will it withstand or will the downtrend resume? The day's option chain (expiry 08-08-2024) suggests a bleak outlook, hinting at a potential further decline. However, the last 30 minutes have shown signs of recovery. If global cues stabilize, there's a chance for recovery from the oversold...

tanayroy Updated 

Last expiry week, NIFTY range was 487.60 and expiry point was 427.65. After this huge gain, expecting a quite week with downside bias. Already showing resistance at expiry pivot R1. Time to sell call.

tanayroy Updated 

Weekly options expire on Thursday. If we look at weekly candle it starts on Monday and ends on Friday. My idea was to create a candle for a particular expiry week (starts on Friday and ends on Thursday) to view any different price action in an expiry week. I have created a script to do that and find some significant price action views. The script is available in...

tanayroy

I want to start with a disclaimer that binary option trading is banned in India and I don’t trade binary options on any platform. I learned about this particular derivative product class from my friend, who insists that I trade binary with martingale (no loss options!). He showed me some strategies and trades on a demo account and profited every time applying...