Day Trading Stocks & Futures

[Smart_trade]

re: Day trading Nifty & Banknifty Futures

After a big trend day we always expect a boring sideways day.But NF is too sideways and we are hoping to get a move in the late afternoon.

Smart_trade

 

[Riskyman]

re: Day trading Nifty & Banknifty Futures

After a big trend day we always expect a boring sideways day.But NF is too sideways and we are hoping to get a move in the late afternoon.

Smart_trade

Wonder which side you are expecting it t move .

 

[timepass]

re: Day trading Nifty & Banknifty Futures

Wonder which side you are expecting it t move .

I am guessing it will move both ways. If it goes up first then it surely will whipsaw on the downside, and vice versa.

 

[Smart_trade]

re: Day trading Nifty & Banknifty Futures

Wonder which side you are expecting it t move .

Trend is still up and today it has gone sideways...so expecting upmove to resume. But it can change the trend anytime so keeping that possibility open as always..

Smart_trade

 

[kiran_thiru]

re: Day trading Nifty & Banknifty Futures

After a big trend day we always expect a boring sideways day.But NF is too sideways and we are hoping to get a move in the late afternoon.

Smart_trade

subah isi sideways ka takrar may mien Rs.255 loss hogaya.

:annoyed::annoyed::annoyed::annoyed:

 

[timepass]

re: Day trading Nifty & Banknifty Futures

SBIN-futures .. ?? Double top @1779 or a breakout ?

 

[pratapvb]

re: Day trading Nifty & Banknifty Futures

NF excess beyond +2SD2day and now in sideways pb to +1SD2day (sideways action causing the level to come up to meet price)

as long as it is above +1SD2day (6301) / -1SDday (6306) the bias is to the up side

below that a support on 30-13 low (currently 6282) also posible

 

[Riskyman]

re: Day trading Nifty & Banknifty Futures

Trend is still up and today it has gone sideways...so expecting upmove to resume. But it can change the trend anytime so keeping that possibility open as always..

Smart_trade

OK sir. Just seeing options data gives the feeling that 6300 is the cap on top and 6200 pe has the highest OI so that seems to be the floor. New to options. Is my thinking right?

 

[pratapvb]

re: Day trading Nifty & Banknifty Futures

OK sir. Just seeing options data gives the feeling that 6300 is the cap on top and 6200 pe has the highest OI so that seems to be the floor. New to options. Is my thinking right?

max put OI at 6200 and max call OI at 6300....so it means 6200 will be a good support and 6300 a strong resistance (on spot).....which it is currently

but one it goes beyond 6330-6350.....the sellers of call have to get in to defend the calls by buying futures which will fuel any upmove....

but until then we watch with a trailing SL

 

[Riskyman]

re: Day trading Nifty & Banknifty Futures

max put OI at 6200 and max call OI at 6300....so it means 6200 will be a good support and 6300 a strong resistance (on spot).....which it is currently

but one it goes beyond 6330-6350.....the sellers of call have to get in to defend the calls by buying futures which will fuel any upmove....

but until then we watch with a trailing SL

Thanks Pratap. Thats what i was making of it. So if spot doesnt breach out of 6300 then we could go short.