Day Trading Stocks & Futures

VIKAS 21

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

Dhamaka day can happen tomorrow also (even at opening ;) ) bcoz of this critical tech support level. You'll easily find it if see price action (patterns recognition) in 30min & hourly chart (Just see Nov 29 and Dec 4th NIFTY SPOT charts). :)

I always note down such imp levels from earlier charts, today got handsome profit twice (in very bad range bound day) when nifty tested that support and bounced back twice. So just alerted friends here.

And there was another big support from Nifty Future chart also, which also coincided when Nifty Spot reached 6150. It is easy to find also. :D


Happy Trading,
Cheers.

Can you post your chart for these patterns???
 

AFORASTRO

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

How many trader friends remembered and used following levels today? :lol:

61.8% RETRACEMENTS OF THE BIGGER SWING 5983-6480 IS AT 6172.85 [almost days low, tested twice] .

Got handsome profit today bcoz of this. But most of friends forgot to note down such important levels before start trading.

Nahi to phir bhi intraday profit haath se nikal jayega. Sometime market also reverse gap up against the trend after hitting such critical Fibo Level. Next time be alert. :)

Best Wishes,
Happy Trading.
Cheers.
sirji for me i think it will take time me starter as today was my first day to use EMA 5,8 AND 21 for trading...
 

Jai Mata Di

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

sirji for me i think it will take time me starter as today was my first day to use EMA 5,8 AND 21 for trading...
These are good shorter term ema. There is an important ema between 8 and 21, just add it to more benifit, it is 13. :)
And for ema trading you have too look for higher time frames too. For example when are applying those ema's in 5 min charts. You must also apply same method in higher time frame charts like 15, 30, 60 min to see the trend there. That's all.

Happy Trading.
Cheers.
 

AFORASTRO

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

These are good shorter term ema. There is an important ema between 8 and 21, just add it to more benifit, it is 13. :)
And for ema trading you have too look for higher time frames too. For example when are applying those ema's in 5 min charts. You must also apply same method in higher time frame charts like 15, 30, 60 min to see the trend there. That's all.

Happy Trading.
Cheers.
Ohhhhhh....thanks guruji....today i used only 3min time frame
 

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