re: Day trading Nifty & Banknifty Futures
Sir Vertigo_1985
That is a very nice and expanded post of yours. Very interesting. Could I spot on to some points you mentioned with out having in mind to do any bad to what you posted?
Let me use the following words to be very defensive to what you posted:
It is interesting to see that you use the word: WE. May I ask as a Joe Average who is WE as I not feel in any way any WE to what you post.
this is what i see in nifty spot-
longs made 3 failed attempt from 6170 zone after 1300 hr and each time supply came from around 6185 zone closing finally below 6170 @ 6168 so for me bears have the control as of now.
Going forward highest probability is continuation of down and test of another demand zone 6150, if it breaks then 6120, 6170 are the next demand zones.
2nd scenario is that it goes into sideways between 6150 and 6190.
3rd is that it sustains above 6190 in which case i will expect fridays shorts below 6190 to act as support for any down move and test of 6230.
There are major news events coming so we will have to change our views accordingly.
longs made 3 failed attempt from 6170 zone after 1300 hr and each time supply came from around 6185 zone closing finally below 6170 @ 6168 so for me bears have the control as of now.
Going forward highest probability is continuation of down and test of another demand zone 6150, if it breaks then 6120, 6170 are the next demand zones.
2nd scenario is that it goes into sideways between 6150 and 6190.
3rd is that it sustains above 6190 in which case i will expect fridays shorts below 6190 to act as support for any down move and test of 6230.
There are major news events coming so we will have to change our views accordingly.
That is a very nice and expanded post of yours. Very interesting. Could I spot on to some points you mentioned with out having in mind to do any bad to what you posted?
Let me use the following words to be very defensive to what you posted:
It is interesting to see that you use the word: WE. May I ask as a Joe Average who is WE as I not feel in any way any WE to what you post.