Day Trading Futures

[oilman5]

today's nifty observation
......................................
bull could hold, though some short plan is under development. Slowly strength of bulls deteriorating, maybe momentum is losing. Now tomorrow RBI announce should favour them ,as BANK r holding, ..........but , if interest hike= nifty shall fall 100pt.
So play cautiously. Modi factor is mostly built up, next is actual result announce after 15th may.
Quick move up, in some counter suggest -strong operator base day trade & dump.

 

[a1b1trader]

reliance zoomed to sky like as rocketttttttttttttttttttttt

Its ok that RELIANCE zoomed like rocket
But, Kiran,
Do you have any position in it.

 

[a1b1trader]

Any C & S of 6725/30 should be taken care of.

Though not likely but in case !!!!!!!

Though I thought that NF wont move above 6730
But it moved above it.
The caution was timely.

Thats why it is said
"Market is supreme"

 

[Trader_PK]

today/s trade

 

[a1b1trader]

today/s trade

Hi
Can you please redraw your trades as per this post
However, if you feel that it is difficult to redraw then you need not take trouble for it.

Hi

Just a question

Why you or to say other traders also, when showing their trades on a chart, draw 1" or more wide horizontal line cutting or over at least 4-5 candles, that makes difficult to understand, at which candle the trade was actually taken.

So a suggestion
Only draw an arrow or a star or a vertical line over the candle of the trade, so that one will know at which candle the trade was actually taken.

Thanks

 

[kiran_thiru]

Its ok that RELIANCE zoomed like rocket
But, Kiran,
Do you have any position in it.

i am not traded today. today is first day of our telugu calender "UGADI".
happy UGADI for all TJ's.

 

[a1b1trader]

Though NF remained above 6685, but didnt cross 6720, whole day.
But around 3, it bounced, crossed and remained above 6720 and made an high of 6735.8. It could have reached 6750 but the time was a constraint.

Now, I am observing some down movement from here, even if NF crosses 6840, and it seems that reaching 6750 may be difficult. One way to reach 6750/55 may be a small gap up open, on Monday, but even then it may fall to 6715 or so.

Take care

Ed
A fall below 6715 can trigger something different
And any fall below 6685/80 NF should be, seriously, taken care of.

I am happy that NF moved as expected in the above post.

Though fell below 6715 to 6707 but didnt remain below 6715 for long and bounced back to 6730.

 

[Smart_trade]

Dow up 140 points, Nasdaq up 45 points....

SGX Nifty 6777......FII net buyers of 943 Cr today.Bulls still strong. World markets and FII flows supporting the bulls.

Smart_trade

 

[arcus]

Dow up 140 points, Nasdaq up 45 points....

SGX Nifty 6777......FII net buyers of 943 Cr today.Bulls still strong. World markets and FII flows supporting the bulls.

Smart_trade

The market will go up until election results day. The market always thinks forward and is discounting a good election result.

What happens after that depends on the outcome of the results and also the global factors.

 

[a1b1trader]

BNF

If crosses and remains above 12870/75Then can see 12975/13000 levels.
But trade in pieces, there will be ups and down and not straight vertical up move

However in the meantime if crosses and sustains above 12810/20, can reach 12850

Below 12700 will not be good for the rally

Trade with strict SL/TSL
Take care

Target of 12850 met

Didnt cross 12820, whole day and in the closing hours, just moved and remained above 12810 to hit target 12850 and overshot to 12879 and closed at 12870.

But it seems that 12870/75 level will be a tough nut to crack. And also, I am observing some down movement there, if BNF doesnt cross this level. One way to cross this level may be a gap up open, on Monday

Ed
But even then be little cautious for a down move to 12730 or so

As expected, it was a gap up open
But didnt reach 12975, HOD was 12950

After that remained below 12870/75 the whole day (except first one hour) and fell to lower levels as mentioned but above 12730, otherwise would have fell like anything. LOD 12750