US economy is heading towards a serious turmoil

What a volatility
#BankNifty

#BankNifty single candle of 316 points

These moves come as a part of basket orders, all who had been sitting with Finance Nifty options have been cleaned up

You have to stay away to survive

I was fearing that political parties will use AI generated DeepFake videos to tarnish images of opponents in this election season, thanks that did not happen.

#Election2024

To protect retailers getting sucked into selling expiry day options , margin requirement to sell expiry day options should be increased 10 fold

Else retailers will continue to burn themselves
#Optionselling

I don't think there was anything in #ICICIBank results that triggered such a rally in #Bankex or #BankNifty

Neither I think that overall there are range breakouts

These are just manipulations to kill option sellers , retail can not complain as the move was not abrupt today

Today those who tried to short #Bankex calls might have had a horrible experience
Such a single day price action was not expected
Nowadays options expire on each day of week & these moves are created to kill option sellers

Expiry day option selling wont remain a business model

400+ , Nifty 24500
300+50 Nifty 22000
270+30 Nifty 21000
240+30 Nifty 18000

Below 270 & Change at centre - Nifty 14000

If good number of participants disallow being taken for a ride on daily basis, disengage , the perpetrators will lose incentive for these mal practices

Friday price action in #Nifty did not havev disorderly disruption for a change , I will keep highlighting these price actions whenever these happen

People should be aware of what is being engineered in a manupulative way and safeguard themselves if not able to stop

Don't take it for granted , please cast your vote
One day of combating heat is better than letting 55% of your lifelong earned wealth being snatched away from your children