Day Trading Futures

[Gaur_Krishna]

What a classic explaination ST da ......
You have a very clear PA thinking with Pivots & VWAP....
Need to learn a lot from you on many fronts :thumb: :thumb: :thumb:

Regards,
Gaur_Krishna

Yes LT,Banks like ICICI bank are high beta stocks so when the market rallies, they rally by higher percentage but when market falls, these high beta stocks get hammered badly.

There were many reasons for the long trade. Inspite of world markets in very bad shape, Nifty was holding remarkably and it was holding 6465-70 level which is -2SD of VWAP where it was taking support.Market tried to break this level 3 times but the support held firmly.( This support holding I did not see in the market as I was away till late afternoon session but could see on the charts on my return ) It was also in between -1SD and -2 SD band of 2day VWAP where it is supposed to take support in most cases.

But inspite of these support, in really bad markets, nothing holds so it is dangerous to get in and trying to hold a falling knife.So when market was not able to crack till the late afternoon session, it was due for a strong bounce and reversal.It is like the proverbial falling knife has stuck in the ground and stopped shaking and it is a time to hold it. With this background when the market broke a important pivot high at 6492 that was a good trade.

How the market reacts to good/bad news gives very strong clues about the course of its future actions.

Smart_trade

 

[Gandhar.]

time to wake up
NF broke supporting trendline ab kitna niche jata hai woh dekhna padega

 

[kiran_thiru]

nifty spot not went much as expected. made high of 6541 and now trading at 6521. this is 54 dma level.

if it breaks down we will see down side, or will go to up. wait 5min candles of 3 for any move.

 

[kiran_thiru]

we will wait for 3 of 5 min candles, not to touch with 54 dma.

 

[XUV-500]

time to wake up
NF broke supporting trendline ab kitna niche jata hai woh dekhna padega

kaunsa timeframe aap dekh riye hoan ?

 

[a1b1trader]

time to wake up
NF broke supporting trendline ab kitna niche jata hai woh dekhna padega

Not yet
Line of caution is 6535/30

 

[Gandhar.]

kaunsa timeframe aap dekh riye hoan ?

5min .....

 

[Gandhar.]

Not yet
Line of caution is 6535/30

gls data on mt4

 

[XRAY27]

Guys,

i want small help.. if i want to save my position screen of "NOW" terminal for my dairy in TJ
How to do it..
i'm using windows xp operating system

 

[a1b1trader]

Not yet
Line of caution is 6535/30

NF came down to fill the gap at 6556 levels