Day Trading Futures

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bought friday sbin 2450 pe @ 6.20. now opened @ 3.50. made low @ 1.90. added another @ 2.25.

closed 1 lot @ 5.50 for profit lock. another lot tried to close @ 7.20. but it closed @ 8.00.
very very very very happppppppppppppppy.

:thumb::thumb::thumb:

roj aisan kiya karo

Good excercise for facial musscles.

Smart_trade
 
Today the news of Supreme Court declaring coal mining leases illegal triggered the fall. First metal and power stocks came down and then financial and banking stocks followed on worries as to if the leases are cancelled what happens to those industries which has taken bank loans...will they become bad loans...etc

We have to now see if this issue remains localised or gets blown in major crises..if localised, the market will bounce back...if develops into major industry ,banking and UPA crises, then we will have much awaited correction.

Smart_trade
 

nirav_j

Well-Known Member
@ todays NS low, it was 0.45 points away from cancelling the Sell setup ... however the close managed to screw that possibility ...

todays fall even though almost 60 points from days high still did not reflect the enormity of todays SC judgement.

the massive cuts in CNX Metal and to an extent CNX Realty were balanced by other constituents of the index.

I meanwhile didnt exit Puts, lets see what tomorrow beckons.

 
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