The Tycoon Mindset
The Tycoon Mindset

@tycoonmindset05

13 Tweets Dec 07, 2022
Nifty can protect its 16k value tomorrow…..for coming days nifty either should now break 16k and start a downtrend in next few coming days…..a selling should come coz in next 4 to 5 days there is no sign of a proper downtrend then there is a possibility of a big uptrend
As of now for tomorrow we are call sell
Look, the market is getting two problems as of now …..it is not giving a proper momentum either upside or downside.
And ltp are being very volatile and reactive to the price……the LTP of options are not so sensitive like what we are seeing these days…..that was the major reason for us that our stop loss were getting hit many times
A proper momentum downside should come otherwise if it remains a no momentum like going up and then down and overall very less intraday momentum then an upside move would be fast and furious
Tomorrow market is likely to go in red and might go down below 16k but if 16k might not become a resistance ….at least for tomorrow
Second half numbers would confirms…….what I mean to say is that we are call sell and we won’t hold our call sell for a long time ……..
we would be squaring it off swiftly ….we won’t be holding call sell expecting a downtrend at least for tomorrow.
In second half if market remains below 15950 of near 15900 then yes market might go down more
Numbers are of a big trend either in up direction or in down direction….however there is one condition ….if down trend is coming then it should come in next 3 to 5 days
And if there is a big uptrend then it should come After 5 to 7days
And when the uptrend comes …..mostly there is less intraday move……market just gives a gap up and sustains that gap up and this continues for several days…..atlrast 50 to 60 percent of up rally is achieved like this
And for a downtrend market should mostly open either flat or small gap down only then only market goes down and it goes down intraday
This is usually seen in most cases
We trade by seeing option chain numbers only and option chain numbers only 🙂
We don’t give much importance to news …..we do see price action but don’t make trades on the price action basis
In option chain …..therefore we don’t predict the timing of the market movement….instead we just find the probability of the direction of the market and rely on naked directional option selling to make good sum of money
thus, the days prediction might not hold true in our above msg ….but what we are clear off is that there is a big trend trend coming either up or down direction
If it’s down then it should come faster relatively to the uptrend
If it’s uptrend then there are some days left and in these days market will be volatile with less intraday overall move …..which is happening since last 15 days

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