Day Trading Futures

[a1b1trader]

My observation

NF may move up to some 6300+ levels

Only to fall again to 6200 - 6150 - 6130 levels
Unless we move to more higher levels and cross 6355 - 60 levels, where the pattern gets nullified.

During intraday, we can see 6240-30 levels

 

[XUV-500]

Brokers Call (BC)
(20Jan2014 10:00:58) : BUY NIFTY FUT ABOVE 6270 FOR TGT OF 6290-6310 STOP LOSS 6240

this broker is :thumb:

 

[Gandhar.]

took long in NF @ 6256 but it wasn't moving so scrapped it and took short at 6251. Result it shot up to 63. Bad start

reason for taking long?

 

[jain.er]

Wow wha a move up

Market 70% of times wont give you much of profit but other 30% it surely rewards you.

That means you need to be present 100% of times in the markets.

 

[manishchan]

reason for taking long?

NF opened lower but was unable to cross down below yesterday's low. Also 6250 was psychological support.

 

[a1b1trader]

this broker is :thumb:

Achiievers

 

[manishchan]

took long in NF @ 6256 but it wasn't moving so scrapped it and took short at 6251. Result it shot up to 63. Bad start

What a bad start. Psychologically I was negative bias despite seeing price becoming stronger. Result = M2M : (-4920). I'm shutting down my sys and will start fresh tomorrow.

 

[Trader_PK]

NF opened lower but was unable to cross down below yesterday's low. Also 6250 was psychological support.

People were buying at 6250 with hugh volume

 

[Niranjanam]

Brokers Call (BC)
(20Jan2014 10:00:58) : BUY NIFTY FUT ABOVE 6270 FOR TGT OF 6290-6310 STOP LOSS 6240

He knows the game.
But SL at 6240 was too much IMHO 6260 was enough

 

[timepass]

There's a negative divergence in SBIN, but the price isn't looking weak.