Day Trading Stocks & Futures

kiran_thiru

Well-Known Member
re: Day trading Nifty & Banknifty Futures

4 points profit on contra options trade is pretty good...I would get out and not wait for 2 points more.

ST
what is contra trading. explain pls
 
re: Day trading Nifty & Banknifty Futures


BNF 5 bars overbought and seems to be reverting to OB.. But NF has already touched OS zone.

what is contra trading. explain pls
Contradictory, in the opposite direction. In an upmove usually a trader would buy call option. Buying a put option is contradictory to the flow.
 

jamit_05

Well-Known Member
re: Day trading Nifty & Banknifty Futures

TR.

Down moves are having dismal volumes. Every chance to break pivot lows is not attracting enough bears.

I went long at ema bounce hoping that if an upmove comes it will be strong and clear since it has just started and bears are weak.

All analysis aside, if 86 breaks I will surely short.....
 

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