re: Day trading Nifty & Banknifty Futures
By reading the thread , i am confused politics with trade idea. As yesterday i watched first to last - nifty and some of its parts- following observation i get .
1] underwrite nifty 5900- very little chance going below 5900 within 10days.
2] bought sbi cash , as it holds 1730, nifty also should not go below 6000.
3] hind unilever @ 560 - holding near imp pivot, so counter trend buy .
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I got a message from broker- MCX hand change is ready- FT has sold creepingly , so the company shall be targeted by some broker/banks - to get hold of commodity exchange. Soon it shall move up like merged mahindra satyam- since MCX float is little , it will reach half of its value ie. 575-590/-
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caution: i have taken position in all , so i have vested interest, though first see can be seen in CHART, and MCX can be checked from rumour( official info will come later)
Regards