Day Trading Stocks & Futures

pratapvb

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

BNF

vwap view (lower ribbon) and TF view (upper ribbon) both neutral

so have bought support of -1SD around 910

now will track resistance.....the column of figures at right show s/r...5 above current price and 5 below current price

 

pratapvb

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

hmm seems we are trading in opp direction....I booked long and went small short now at +1SD resistance in BNF
 
re: Day trading Nifty & Banknifty Futures

Trying to analyze....

Big build up in 6200 puts and 6300 calls unwinding, so bias is up. Break above yesterday's high should be sudden, because there must be a lot of stops above it - need to observe if that BO sustains. Above 6300 is a big fluid zone.
IMO we could have expected sudden move above yesterdays high if friday morning upmove wasn't there, today morning too it gave people enough time to exit...
 

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