Day Trading Stocks & Futures

TraderRavi

low risk profile
re: Day trading Nifty & Banknifty Futures

one point to ponder ,
in last few months , all the downmoves have somekind of reversal but all the big upmoves are able to stay/end at top at EOD.
those like me who dont cover quickly in the hope of catching the full trend loosing out in profits or getting loss.
=> its better to ride upmove after correction at present , upmoves are fast and furious , while downmoves followed by bigger upmoves.
 
re: Day trading Nifty & Banknifty Futures

Markets have taken a big uptrend and now we are having high volatility at the top. This indicates that most probably we will have some correction ....very rarely the market after this sideways volatile phase will give another strong upmove..But we are in a bull market and anything can happen but a good correction is expected anytime.

Smart_trade
 
re: Day trading Nifty & Banknifty Futures

one point to ponder ,
in last few months , all the downmoves have somekind of reversal but all the big upmoves are able to stay/end at top at EOD.
those like me who dont cover quickly in the hope of catching the full trend loosing out in profits or getting loss.
=> its better to ride upmove after correction at present , upmoves are fast and furious , while downmoves followed by bigger upmoves.
As you surely know or have recognized that I follow Nifty since what ever time for what ever ever reason, I would not say that only up moves made good money. I agree that just reading charts and predicting out of it some points or what so ever do not make the job.

But the job is made clearly in any way in any direction successfully by having a worked out strategy plan. And here I am not sure what you have in your mind.
 
re: Day trading Nifty & Banknifty Futures

Markets have taken a big uptrend and now we are having high volatility at the top. This indicates that most probably we will have some correction ....very rarely the market after this sideways volatile phase will give another strong upmove..But we are in a bull market and anything can happen but a good correction is expected anytime.

Smart_trade
When you say good correction means Nifty will stop somewhere near 7400, will give some upmove but are you expecting lower than that?
 
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