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Nifty Eod study for 29/02/2024

MR. SANTANU BEZ -
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NIFTY CHART & OI STUDY FOR (29/02/2024) TODAY NIFTY WENT DOWN BY 1.27%. TODAY’S Profile again double distribution with strong single print or abnormality (22090-22173). 2-days VA = OVERLAPPED BEARSIH. 2-DAYS POC = OVERLAPPED BULLISH. 2-DAYS CPR = BEARISH. IN today’s profile we got two strong HVN ZONE. TODAY’S PCR =0.52, HIGHLY OVERSOLD (ANY GAP DOWN CAN BOUNCE BACK BRUTAL WAY).  HIGHEST CALL OI=22K; HIGHEST PUT OI=21800.     21900 = BOTH FIGHTING. TOMORROW REBALANCING DAY OF MSCI INDEX. RESISTANCE  22040-22070 = HVN OF 28TH FEB + (27TH FEB + 26TH FEB) LOW BROKEN ZONE + CALL WRITING CONDENSE ZONE. 22180-2200 = MULTILPLE POC ZONE. ABOVE 22090 may POSSIBLE FIRST SHORT COVER MOVE TO REAPIR IMBALANCE IN today’s PROFILE. SUPPORT  21875-21840 = STRONG SUPPORT OF (HOURLY 200 EMA + PREVIOUS WEEK LOW + WEEKLY HVN OF 12TH FEB + PUT WRRITNG CONDENSE ZONE.  21810-21770 = ANOTHER STRONG SUPPORT OF HVN + HIGHEST PUT WRITING ZONE.  TOMORROW MONTHLY EXPIRY, so vola...
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EXHAUSTING SHORT SELL

MR. SANTANU BEZ -
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PSYCHOLOGY :  Every strategy should carry logical psychology to trade . If that's missing from it ,it can't survive long term . Here exhaustion is the key role of this strategy. Initial big green candle is our base to execute exhausting nature of a stock . After exhaustion ,always profit booking comes firstly  & we have to go with flow by shorting   that stock . Let's go to deep , how to select ,trade & management of this type of trade . TRADING NATURE : Intraday short sell . TRADING TIME : Within initial 1st hour. TRADING TOOLS :  1. Traditional pivot points indicator . 2. Vwap . 3. Candlesticks chart.  4. Volume bar.  STOCK SELECTION : For selecting stock ,you should have a f&o stock watch-list which must be updated in live market . 1. It's live selection process. 2. After 1st 15 min candles formed , select 5-7 top gainer stocks from your f&o watch-list .  3. 1st 15 min candle should be BIG GREEN & MARUBOZU type ...
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