Day Trading Stocks & Futures

nac

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

Nifty has posted >150 points up twice this year. Once in May (2+%) and once in June (2+%).
In May, it made PH in the next three days and fell. We haven't seen that high since then.
In June, it was a gap up day and following day's bull rally was weak. Towards the end of the contract month, it made high and fell hard.

BankNifty has posted >600 points up only twice since 2000. Once in 2008 (6+%) and once in 2009 (18+%).
In Jan-08, it made PH in the next two days and fell. It took about 2.5yrs to touch that PH.
In May-09, that was a bull rally and gap up day. Till now, we haven't filled that gap.

What kinda conclusion one can get from this stat???
 

kiran_thiru

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

Nifty has posted >150 points up twice this year. Once in May (2+%) and once in June (2+%).
In May, it made PH in the next three days and fell. We haven't seen that high since then.
In June, it was a gap up day and following day's bull rally was weak. Towards the end of the contract month, it made high and fell hard.

BankNifty has posted >600 points up only twice since 2000. Once in 2008 (6+%) and once in 2009 (18+%).
In Jan-08, it made PH in the next two days and fell. It took about 2.5yrs to touch that PH.
In May-09, that was a bull rally and gap up day. Till now, we haven't filled that gap.

What kinda conclusion one can get from this stat???
you are the great historical professor as your LOGO image.:clap::clap::clap:
 

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