Day Trading Stocks & Futures

kiran_thiru

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

nifty is not went above 6280. will we go short here (6276)with sl as 6282
nifty was starting a little down move may took support @ 6240-50, what was yesterday's range before sudden jump started.
 

kiran_thiru

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

nifty was starting a little down move may took support @ 6240-50, what was yesterday's range before sudden jump started.
but i was exited in my pe with satisfactory profit
:):):)
 

augubhai

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

6250 has reasonable support, will break only if momentum appears, which is not there at present. I am still thinking of a reversal into range. And if it goes touches HOD, the BOF scenario is very likely... Only paper trading this scenario...

Here's what I am thinking. New Puts are now being written with vigor at 6300, but they are still 1/3 of Calls added at 6300. The build-up on both sides is slow, but if it continues, the key is to watch the Calls side. If there is a sudden spike in OI of 6300 Calls, then NF will likely have a BOF of HOD, for the quick move down to 6250. Anyway, don't expect 6300 to be broken with the current build-up.
 

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