Day Trading Stocks & Futures

[SexyTrader]

re: Day trading Nifty & Banknifty Futures

There is no war with US boots on the ground in Iraq yet. They sending some special forces only, and maybe use the F-18s from the recently deployed aircraft carrier to the area to drop some bombs on the ISIL/ISIS guys ...

India gets affected only if there is a spike in Oil prices. From todays intraday low of 6369 to a high of 6466, LTP 6441...

FOMC meet IMO should be more impactful.

The situation does not look good. Bombs being dropped and a surrogate war being fought!

In such a situation, markets may not go higher but may not fall below 7500. So I was thinking of buying 7600PE June or 7550PE June for INTRADAY tomorrow :thumb: Lets see....

 

[nirav_j]

re: Day trading Nifty & Banknifty Futures

I know it was a typo - yet, the 63xx and 64xx were seerren few months ago

typo ? That's crudes price on mcx... Closed around 6425

 

[nirav_j]

re: Day trading Nifty & Banknifty Futures

The situation does not look good. Bombs being dropped and a surrogate war being fought!

In such a situation, markets may not go higher but may not fall below 7500. So I was thinking of buying 7600PE June or 7550PE June for INTRADAY tomorrow :thumb: Lets see....

Yup, very bad for the guys on whom the bombs will fall.but at the end of the day, it shouldn't matter much. Mkts absorbed crimeas annexation by Russia. If the Americans can keep oil prices/supply in check, then I'm guessing it should be all fine. What's more fun, Iran is offering help to fix the situation.

 

[a1b1trader]

re: Day trading Nifty & Banknifty Futures

25-30 !!! i think its july second week, and yeah as far as my opinion is concerned even if its 25-30 days after we will have nifty higher than current price so lets not bother about the dips or corrections..to me they will be reason to add not short.

The official date for budget has not been announced so far, but it is said it is somewhere, in between 10th to 15th next month. So I said 25-30 days.

As you have reasons not to add shorts.
I have reasons that market will go for 400-500 points correction (from the high, whatever it may be) before budget.

No fight on it, it is only difference of opinion.
Only time will tell

 

[a1b1trader]

re: Day trading Nifty & Banknifty Futures

a1b1trader , you are genius , its raining here after 2-3 weeks of bad bad heat

Thanks

But, I am a simple person and like to remain the same.

And I feel glad that my chart reading on USDINR was correct, even though I do not have live chart, otherwise I would have tried to read the outcome of the fall.

 

[a1b1trader]

re: Day trading Nifty & Banknifty Futures

But I am sorry to say,

That no one forewarned fellow members, here in the thread, that we are going to see a big upmove, so as to save them from a big loss (like onlinegtrash faced today)

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As you give all the predictions here in the thread, why did you not shout at the moment it happens? Why did you not post and tell: Now?

Why?

And if you did not expect such a strong move, but an up move as many did, even stupid foreigners like me, why should others expect such a huge jump and not a decent up move?

Would this mean your prediction has its limits seen?

And why did you not warn Onlinegtrash in any way possible by your self (PM, E-Mail, Telephone call or what so ever)?

Why?

And why do you even come up with such a comment here as not even you are able to predict such quick moves?

Why

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[a1b1trader]

re: Day trading Nifty & Banknifty Futures

I think, a few so called intelligent members, do not know, even the basic difference between chart reading and prediction

 

[a1b1trader]

re: Day trading Nifty & Banknifty Futures

NF

If holds 7500 levels then we can see upward moves.
Target could be 7600 - 7650 - 7700 and more

However, after crossing 7590, NF should hold 7580-90 levels OR it can reverse from here to 7540-20 levels

Though unlikely to breach 7500 levels for the time being, but, if it breaches this level then we can see 50 - 100 - 150 points (and may be more), downfall from 7500

Holding 7500 levels NF made an high of 7665.
NF not only hold 7500 but also hold 7580/90 levels

 

[a1b1trader]

re: Day trading Nifty & Banknifty Futures

BNF

It seems that BNF has also seek reversal and is now moving upwards. So for an upward reversal should hold 15000 (or 14900 to be safe, initially only)

Targets could be 15200 - 15300 - 15400 and more

However, after crossing 15175, BNF should hold this level OR it can reverse from 15175/200 levels to 15050 or lower levels.

Though unlikely to breach 15000 and then 14900, but if breaches 14900 then we can see 14850 and 14666.

After holding 14900 levels BNF took reversal and moved upwards and made an high of 15474, as envisaged in the post

 

[a1b1trader]

re: Day trading Nifty & Banknifty Futures

NF for 18.6.14

If holds 7640 then go long above 7676 (or to be safe above 7696) for a target of 7725 - 7750
(We can see a dip initially at open or after open)

SL 7640/25

Will update if crosses 7750