Lets first see, what was happening in 35800PE through out the day before day low was broken at 2.40 PM.
The PE opened at 311, made a high of 452 and then started to trade below VWAP from 10.00 AM. You can also see in the lower panel that there was constant increase of OI in this
The PE opened at 311, made a high of 452 and then started to trade below VWAP from 10.00 AM. You can also see in the lower panel that there was constant increase of OI in this
PE through out the day and around 1.30 PM - 1.45 PM, this PE crossed VWAP but the OI was not falling , instead increasing(marked in red box). Now see what started happening around 2.30 PM, u will see the OI is falling even when the PE is below VWAP.
And once this PE crossed VWAP at 2.40 PM (VWAP was Rs 122/-) added by the fall in OI, there was no stopping the trade. Now BNF is breaking day low, your ATM PE is trading above VWAP, OI is falling in the PE - these are set up for explosive expiry jackpot.
Now lets move to 35700PE. You will notice the similar things happenings, throughout the day in 35700PE as we have seen in 35800PE. You will think that doing these post mortem is easy but can this be done in live market?? Definetly Yes. But you need loads of practice and patience
for it. And do remember once the option breaks VWAP, you need to get out of the trade immediately.
Just to summarise the rules :-
1. VWAP break out happen after 2.30 PM
2. VWAP is crossed and OI also falls
3. BNF crossed the day high or low.
Just to summarise the rules :-
1. VWAP break out happen after 2.30 PM
2. VWAP is crossed and OI also falls
3. BNF crossed the day high or low.
This whole setup me along with 1000's of students learned from @SubhadipNandy16 dada.
He has decided to take a break from training for next 1 year and I will be waiting eagerly to let this year pass.
Thanks dada for all the teachings and discipline you blessed on me.
🙏🙏🙏
He has decided to take a break from training for next 1 year and I will be waiting eagerly to let this year pass.
Thanks dada for all the teachings and discipline you blessed on me.
🙏🙏🙏
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