Day Trading Stocks & Futures

[TraderRavi]

re: Day trading Nifty & Banknifty Futures

anyway your call...

or may be put

 

[Novice30]

re: Day trading Nifty & Banknifty Futures

if I search back I am sure that I can find days when it did.....I remember one day when asian mkt was deep in the red in the morning and we gapped up and continue up one way even after europe opened also in the red

all I am saying is that whenever you are seeing the chart (need not be continously) you should have some levels from the chart which tells you i it sideways, in UT or in DT as per your system and then act according extraneous to all other stuff ....It is tough ...I also get into bias mode sometimes but am working on it.....my posting live the analysis here also helps me to read the chart than play the bias so that is also one action item for me to commit to my reading of the chart by declaring it publicly

anyway your call...

You are absolutely right.

Unfortunately, not possible for me to be infront of charts the entire day due to office work.

 

[LondonVisitor]

re: Day trading Nifty & Banknifty Futures

Question to wise people here
Was this due to return of Fiis ? Volumes are much larger now.
What is so special about 2PM. Do we get more FIIs at 2 PM? I want to be out during volatile period

Not exactly at 2PM. It is opening of London market at 1:30PM. FTSE and DAX too are down by 0.8% and 1.5% respectively.

 

[anup]

re: Day trading Nifty & Banknifty Futures

you Dad is a fundamentalist you are a technical trader...it is like oil and water...they don't mix

With water use whisky..Well where is whisky bhai.

 

[AFORASTRO]

re: Day trading Nifty & Banknifty Futures

if I search back I am sure that I can find days when it did.....I remember one day when asian mkt was deep in the red in the morning and we gapped up and continue up one way even after europe opened also in the red

all I am saying is that whenever you are seeing the chart (need not be continously) you should have some levels from the chart which tells you is it sideways, in UT or in DT as per your system and then act according extraneous to all other stuff ....It is tough ...I also get into bias mode sometimes but am working on it.....my posting live the analysis here also helps me to read the chart than play the bias so that is also one action item for me to commit to my reading of the chart by declaring it publicly

anyway your call...

yes it was in december 2013 itself even shanghai exchange was down suddenly and every one was bearish here but market went up and up .

 

[LondonVisitor]

re: Day trading Nifty & Banknifty Futures

Basket selling happened when NS near 6350.

Next support 6160.

I believe it would be 6108 at 23.6% if today's high of 6350 is taken as Fibonacci 61.8% from 5951.

 

[TradeJoker]

re: Day trading Nifty & Banknifty Futures

With water use whisky..Well where is whisky bhai.

 

[nirav_j]

re: Day trading Nifty & Banknifty Futures

If other parts of Asia is down, Europe is Down, there is no reason for India to go up.

Thats quite an authoritative statement to make !!

 

[Novice30]

re: Day trading Nifty & Banknifty Futures

I believe it would be 6108 at 23.6% if today's high of 6350 is taken as Fibonacci 61.8% from 5951.

I dont know technicals. I am a Novice :lol:

Some one specializing in Elliot waves said if 6220 is taken out (which happened today but NS closed above that by EOD), the next support is 6160.

 

[Novice30]

re: Day trading Nifty & Banknifty Futures

Thats quite an authoritative statement to make !!

If you say so.