Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
re: Day trading Nifty & Banknifty Futures
ST da
Thanks for your analysis on TCS.
I was long in TCS too, in last series and reaped good profit (not full profit) in the scrip, as I closed my position on 20th, bcoz I do not to risk my earnings.
I also want to refer the following post on TCS
And this is for the first time (last 10-12 days), since this post, that after decisively crossing 2210/20, TCS didnt look back
Dada, please tell us your view,
Will TCS sustain these high levels, even if there is an appreciation in Rupee exchange rates.
Thanks
ST da
Thanks for your analysis on TCS.
I was long in TCS too, in last series and reaped good profit (not full profit) in the scrip, as I closed my position on 20th, bcoz I do not to risk my earnings.
I also want to refer the following post on TCS
My observation
TCS is on the run and it will run more, once it crosses and sustains over 2210/20
And it will run run and run,
What did you say,
Kya beech mein rukega nahin.
Why not, it will take rest also, during the run
Use proper SL/TSL
Take care
TCS is on the run and it will run more, once it crosses and sustains over 2210/20
And it will run run and run,
What did you say,
Kya beech mein rukega nahin.
Why not, it will take rest also, during the run
Use proper SL/TSL
Take care
Dada, please tell us your view,
Will TCS sustain these high levels, even if there is an appreciation in Rupee exchange rates.
Thanks
re: Day trading Nifty & Banknifty Futures
The scrips that I was holding in last series, didnt move as expected, but on first of the series they all zoomed.
HCLTECH - wanted move above 1450 but made an high of 1446 and on Friday 1486
Had to close with some loss
WIPRO - wanted move above 540 but made an high of 540 and on Friday 546
Get only marginal profit
CIPLA - Similarly with CIPLA
Had to close around cost price, but it moved up some, after I close at 3 PM
Why it happens that a scrip always moves down after you buy
and moves up, when you square up your trade
The scrips that I was holding in last series, didnt move as expected, but on first of the series they all zoomed.
HCLTECH - wanted move above 1450 but made an high of 1446 and on Friday 1486
Had to close with some loss
WIPRO - wanted move above 540 but made an high of 540 and on Friday 546
Get only marginal profit
CIPLA - Similarly with CIPLA
Had to close around cost price, but it moved up some, after I close at 3 PM
Why it happens that a scrip always moves down after you buy
and moves up, when you square up your trade
re: Day trading Nifty & Banknifty Futures
Next week is going to be very "Interesting Week" for the learners like me.
NS at crucial support junction + there is a 3'15 Bearish crossover.
But as its first crossover after nearly 1000 point strong rally from previous crossover ;
will this crossover be fake or not trending as SH has mentioned in his thread ?
Very similar picture in BN Spot. also
BN Spot also at crucial support junction but with the difference of Third 3'15 Bearish Crossover.
After more than 5000 points Strong Rally, first Crossover was fake,
Second also didn't sustained to give any directional move, but what about this 3rd Crossover?
Lets see, how Market unfolds before budget week............ :thumb:
Next week is going to be very "Interesting Week" for the learners like me.
NS at crucial support junction + there is a 3'15 Bearish crossover.
But as its first crossover after nearly 1000 point strong rally from previous crossover ;
will this crossover be fake or not trending as SH has mentioned in his thread ?
Very similar picture in BN Spot. also
BN Spot also at crucial support junction but with the difference of Third 3'15 Bearish Crossover.
After more than 5000 points Strong Rally, first Crossover was fake,
Second also didn't sustained to give any directional move, but what about this 3rd Crossover?
Lets see, how Market unfolds before budget week............ :thumb:
re: Day trading Nifty & Banknifty Futures
Various Scenarios till the budget and after the budget.
1) Till budget we may get sideways /grinding down days...but one needs to be alert as before the budget , we will have 2-3 trading sessions in which the market will move up in a strong thrust and we will probably see 7700 or 7750 levels before budget.
2) After the budget, there are 2 scenarios :
a) Either the market will sell off immediately after the budget as there is no trigger after the budget.Here we will get correction up to 7200 or so. This correction will offer a great opportunity to buy good stocks and build positions once the downmove stops .
b) Market may go 400-500 points up after the budget as the budget will be seen as efforts in right direction to put the economy back on the growth track. But we will get a 3-4 months correction after that top. This again will be a great place to buy in the correction...The corrective move will be a good 300-400 nifty points move and will be a very profitable move to trade from short side, so no holding long positions, averaging etc.
1 year from now we will be at a higher level of Nifty than the present level. The correction will trap many bulls....and the bull market which will follow the correction will trap many bears...next 5 years will be a good period for our markets, with in between corrections of course.
The above is the overall scene analysis...but we will take long/short positions entirely on our systems ..no hoping and holding positions against the trends as the corrections will now be very violent so have to follow the trend.
Issued in public interest....
Smart_trade
Various Scenarios till the budget and after the budget.
1) Till budget we may get sideways /grinding down days...but one needs to be alert as before the budget , we will have 2-3 trading sessions in which the market will move up in a strong thrust and we will probably see 7700 or 7750 levels before budget.
2) After the budget, there are 2 scenarios :
a) Either the market will sell off immediately after the budget as there is no trigger after the budget.Here we will get correction up to 7200 or so. This correction will offer a great opportunity to buy good stocks and build positions once the downmove stops .
b) Market may go 400-500 points up after the budget as the budget will be seen as efforts in right direction to put the economy back on the growth track. But we will get a 3-4 months correction after that top. This again will be a great place to buy in the correction...The corrective move will be a good 300-400 nifty points move and will be a very profitable move to trade from short side, so no holding long positions, averaging etc.
1 year from now we will be at a higher level of Nifty than the present level. The correction will trap many bulls....and the bull market which will follow the correction will trap many bears...next 5 years will be a good period for our markets, with in between corrections of course.
The above is the overall scene analysis...but we will take long/short positions entirely on our systems ..no hoping and holding positions against the trends as the corrections will now be very violent so have to follow the trend.
Issued in public interest....
Smart_trade
re: Day trading Nifty & Banknifty Futures
We generally wait so much that after we gather courage to buy, the last buyer has finished buying and market comes down and in correction also we wait a bit too long to sell. After the pain exceeds our tolerence threshold, we sell the long position in desparation...and that probably is the bottom of the decline and market resumes its uptrend again...this cycle repeats with great predictability...
Smart_trade
The scrips that I was holding in last series, didnt move as expected, but on first of the series they all zoomed.
HCLTECH - wanted move above 1450 but made an high of 1446 and on Friday 1486
Had to close with some loss
WIPRO - wanted move above 540 but made an high of 540 and on Friday 546
Get only marginal profit
CIPLA - Similarly with CIPLA
Had to close around cost price, but it moved up some, after I close at 3 PM
[B]Why it happens that a scrip always moves down after you buy
and moves up, when you square up your trade[/B]
HCLTECH - wanted move above 1450 but made an high of 1446 and on Friday 1486
Had to close with some loss
WIPRO - wanted move above 540 but made an high of 540 and on Friday 546
Get only marginal profit
CIPLA - Similarly with CIPLA
Had to close around cost price, but it moved up some, after I close at 3 PM
[B]Why it happens that a scrip always moves down after you buy
and moves up, when you square up your trade[/B]
Smart_trade
re: Day trading Nifty & Banknifty Futures
TCS will post much better results this year than it posted last year...so I am expecting it to remain bullish. But periodic bouts of corrections will be there..they will provide good opportunity to buy at lower levels. Next 2-3 yrs it should give a CAGR of 25-30 % and if one can time sale/purchase well, he can get much better returns.
Smart_trade
TCS will post much better results this year than it posted last year...so I am expecting it to remain bullish. But periodic bouts of corrections will be there..they will provide good opportunity to buy at lower levels. Next 2-3 yrs it should give a CAGR of 25-30 % and if one can time sale/purchase well, he can get much better returns.
Smart_trade
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