Day Trading Futures

[timepass]

yes as per pure economics due to heavy sale price should come down

but think otherwise less govt stake means less govt control ie. more free to make decision or in other words more profit

Actually LIC is supposed to be buying 5%, so I think that govt. control is not much of an issue in the upmove. I still think that intraday axis should be headed for 1357 (spot). Not yet in trade for me, just loud thinking.

 

[Gandhar.]

Throwawayacc brother, the anger that timepass is feeling is not because he got out of the PE with 1.5 points loss. But the point is that 8% stake sale is huge, and the range is defined. So fundamentally speaking the scrip should be in a downtrend. The puzzle is, is this upmove a bulltrap ??

Anyway, thanks for the lecture :thumb:

nothing new tp shorters getting screwed :lol:
too much shorts and loads of buying in pes just getting back to normal
i too lost 2pts on 1350 pe but never entered ce coz of same mindset

 

[throwawayacc123]

I think that the fundamentals come into the play all the time, it's just that intraday is usually more news/event driven.

I was looking at 5 min and that's what allowed me to get out with a small loss.

yes, news affects all TF, but why do you expect the price to react as per the outcome of the news. Anything can happen when the news comes out on intraday TF.

TV and news channels cherry pick and show stocks when good news come and price goes up , what they don't show is that prices can crash when good news comes out , vice versa for bad news.

 

[timepass]

nothing new tp shorters getting screwed :lol:
too much shorts and loads of buying in pes just getting back to normal
i too lost 2pts on 1350 pe but never entered ce coz of same mindset

Yeah.. I should've bought CE.

Anyway, anyone watching 6600PE ?? Looks like continuous heavy selling there. At least enough to keep the price pushed down.

 

[DIVYEDIX]

nothing new tp shorters getting screwed :lol:
too much shorts and loads of buying in pes just getting back to normal
i too lost 2pts on 1350 pe but never entered ce coz of same mindset

stayed clear of axis today due to news, but decent points in tatasteel with only one lot , was saving my heavy artillery for jp due to its dead cat bounce behaviour but it is acting like dead horse today, may be turn to axis after 2.30

 

[Vertigo_1985]

But why not

If your assumption is based on correct technicals, price will move as per your observation/calculation
I have got it correct many times.

what are correct technicals !! ? as per my understanding goes it's only us who in order to understand and profit make rules and try to structure market. Your understanding of market maybe completely different than of someone else yet both can profit. It's market sometime moving according to what your expectation is not you expecting so market is moving in your direction.

 

[Vertigo_1985]

yes as per pure economics due to heavy sale price should come down

but think otherwise less govt stake means less govt control ie. more free to make decision or in other words more profit

they were block deals so parties were fixed and the supply would have been absorbed, and when govn is selling someone else is buying so dunno how one can get bear sentiment from this...anyway maybe it's this thinking that attracted shorts and now its moving up..

 

[Tlahuicole]

stayed clear of axis today due to news, but decent points in tatasteel with only one lot , was saving my heavy artillery for jp due to its dead cat bounce behaviour but it is acting like dead horse today, may be turn to axis after 2.30

How are you guys able to tackle so many stock futures, I am not even able to trade NF since I trade BNF intraday. Do you trade on higher time frames lie 30 min :S?

 

[timepass]

they were block deals so parties were fixed and the supply would have been absorbed, and when govn is selling someone else is buying so dunno how one can get bear sentiment from this...anyway maybe it's this thinking that attracted shorts and now its moving up..

The price range was fixed with a downward bias to yesterday's LTP, hence the bear sentiment. Now, even if it drops to its upper range (1357), it will bring the house down

 

[XRAY27]

How are you guys able to tackle so many stock futures, I am not even able to trade NF since I trade BNF intraday. Do you trade on higher time frames lie 30 min :S?

i trade in NF and NF options offcourse both intra and positional so no more ... other scrips and future