Day Trading Stocks & Futures

[umesh12]

re: Day trading Nifty & Banknifty Futures

I concur with your view. My analysis also indicates a major top around Feb/March 2016. With respect to sector leaders, we have already seen a major out performance in Pharma even before the markets bottomed out. Stocks like aurobindo, ajantha pharma etc. have provided phenomenal returns.This is going to be one hell of a bull run going forward with intermediate corrections providing entry opportunities. For a trader , it does not matter whether the market peaks in 2016 or 2020. For him , the only thing that matters is the day to day opportunity that market provides. However, if one has the long term trend/perspective of the market clearly etched in the mind, it does provide a very useful tool for traders. Coming back to the markets, I see an intermediate top in Nifty around the 7840-7880 area with a possibility of 7-10 % correction from those levels. Feels good to post my view after a short break! Wishing all a wonderful trading day!

Welcome back Prada
Please return and open a new thread for the benefit of we traders, as yours post will be lost in this thread and we want exclusive thread for posts from you.
Thanks

 

[umesh12]

re: Day trading Nifty & Banknifty Futures

from past 1 hour ril is not going any up or down.
:annoyed::annoyed:

Any break from first 60 min candle will give you clue.
Below 1000, it can move down to 990.

BTW, I have some positions in RIL

 

[toocool]

re: Day trading Nifty & Banknifty Futures

Hi toocoool, Nice posts, or I should say nice thread to go through :clapping:

But you never mentioned any targets. Only said "to a new high" which is a very relative term.

http://www.traderji.com/trading-dia...technical-analysis-toocool-23.html#post953599

 

[umesh12]

re: Day trading Nifty & Banknifty Futures

NF LTP 7750
From here either 7766 or 7733

 

[timepass]

re: Day trading Nifty & Banknifty Futures

And nobody really believed Dev Mookerji when he predicted 7500 and then 15000 on the Nifty. He predicted it sometime in Jan 2013. Here are some of the posts from that thread.

.............Now the main question is whether Nifty could be able to make new high, or just it will be an example of Triple Top, making all my expectations just a fuss. As we all know Technical Analysis is not a perfect science.

But I have my own understanding supporting this quest. Indian Market has to make not only new high, But I had a Target of 7500 & 15000 for Nifty in coming months.

What I have experienced, from the past during Bull or Bear Market all sectors/Stocks couldn't participate in that very particular rally/fall. This is what the very Rule of Stock Market to rollover its cycles.

Now I am expecting some sector rotation, so that Overbought some sectors to correct like Pharma and simultaneously some beaten down sectors like IT or Oil & Refineries to take the charge of New Bull Run.

....People who are regular reader of my market commentary they knew me, that I am a die hard Bull concerning Indian Market. I am once again committed for Nifty target of
7500. Only thing its matter of time......

Ch-artists may watch graph here :-

https://www.facebook.com/photo.php?fbid=10151485833658069&set=o.221340431224031&type=1&theater

I feel it would take nifty 5yrs to reach 7500 ...

for this year we should be happy if we cross 6300 and stay there...
For now , once this rally gets exhausted our Nifty might go down to 5500 levels

Anything could be happened my friend. Only time will tell. But there is a saying Technical Analysis is not a perfect science.

So we are in same situation, where we were couple of months back. So far this monster triangle is protected. Now its time to break it upside.

Bulls what do u say? Preparing for the party?

cheers

Do you still hold your view of 7500 on Nifty ??

Yes I do. But as a trader we must emphasize that we took long and SL got trigerred.... We are long once again........

Welcome back Dev... Can u plz tell me ur nifty views for the next week only... I know ur long term target is 7500 ...

This post of mine after a long time have substantial reason for that. We were not only got whipsawed but also had lost hope for a secular Bull Run on end of May 13. Since the calculations were mismatching I wanted to close the topic. .... Nifty target of 7500 & 15000 within couple of years.

But strangely we have noticed that the indication I have learned from my Guru shows it is the beginning of a new Bull era. Just check the Nifty chart for the year 2001 to 2004. The same pattern of range-bound market we are witnessing....

Rest all are history.......

Let the History to repeat once more.

Being a follower of Market we must have fund to take long potions before the common people enters into the Market for substantial gains.......

I am drunk now...so if any mistake is there kindly bear with that....

I hope, today's Nifty closing, is another milestone to encourage bullish sentiments.

Days are coming guys when every trader of this community will be earning 100X to their current earning. I am sure about that.

Older member of Traderji/Traders must be remembering those golden days. I do still remember earning lakhs of rupees in a single day in a single trade of derivatives of certain Mid cap shares.....IFCI/RNRL/JP POWER/ISPAT do u remember those days guys ?

Too bad his brokerage business has not only created a bad impression around here, but also denied us of a fantastic analyst.

 

[umesh12]

re: Day trading Nifty & Banknifty Futures

Posted yesterday.

IMO
Hindalco should touch 180-2 by tomorrow or so and if able to break these levels decisively then you can see 190-2 in near future.

BTW I had a position with target 175 in last series and made a loss in it and see the irony, it reached the target 2 days after the series ended. :annoyed:

Hindalco made an intraday high of 180.7, but couldnt sustain at these high levels and fell down

 

[umesh12]

re: Day trading Nifty & Banknifty Futures

NF LTP 7750
From here either 7766 or 7733

And within 15 mins of the post we got 7730.
Lets seen if we can get 7766 now

 

[umesh12]

re: Day trading Nifty & Banknifty Futures

And within 15 mins of the post we got 7730.
Lets seen if we can get 7766 now

Any further fall can lead us to 7715/10
But not likely now

 

[umesh12]

re: Day trading Nifty & Banknifty Futures

Please be vigilant
Just received a message from a friend of mine, that reads
____________________________________________________

Beware of CryptoLocker Virus

Please be alert of the CryptoLocker virus which is affecting both Personal Computers and network drives. We have not had any major incident yet affecting our environment, but we would like to alert you as a precautionary measure.

It presents itself in the form of an email message that will look familiar and authentic. This could be something from a bank or paypal, prompting you to click a link. It may look like a PDF file, but in reality it's an executable file that launches the virus. So please be especially careful of unsolicited email with attachments or links, at the moment - this is one of the ways it is spreading.

Once it's opened, it encrypts all of the documents in your personal "Documents" folder, and can even reach out to files on thumb drives and network drives. It uses strong encryption that truly no one can decrypt, it will not be possible to recover your files. It is apparently easy to remove the malware but impossible to recover the encrypted files. So please be vigilant in backing up your files

 

[stock72]

re: Day trading Nifty & Banknifty Futures

what is ur problem ?

wait -- some snake will come and answer ...:rofl::rofl:

NF LTP 7750
From here either 7766 or 7733

And within 15 mins of the post we got 7730.
Lets seen if we can get 7766 now

Any further fall can lead us to 7715/10
But not likely now