Day Trading Stocks & Futures

kiran_thiru

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

Acchhe din continuing for traders trading in sync with the market trend...:)

Smart_trade
in daily chart NF reached recent low of 23.6.14 (7460 approx). can we think to go short if it closes below this. or go long to take as reversal, sl of 7440?
 

stock72

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

by wed this by friday that inka timka alana falana dhimka , why predict , go with the big boss price :annoyed::D
:thumb::thumb: agreed fully ... but ... with out a bias how to trade ? ..with out a bias how to decide whether to go long or short ? so bias is a basic ingredient ... imo hanging in that bias is dangerous ...

secondly on 8th as per my mech trading system it show 7400 comming.. this budget meshed up ..now TODA showing 7800 comming .. i have limited options other than hanging on that .. :D

Posted on 8th july
Umesh,

Iam also poor in english .. i fear how i am going to explain my point here ..

ur statement using the word " any " ..

so obviously from 7744 any fall will lead to 7733 .. the next 10 points .. is in it ? it is a mathematical fact ...
instead if your statement avoid the word "any" .. like " now further fall to 7733 " to some extend having a meaning ..

or if your statement includes the word " any " then i think the target should be some what challenging like

" now any further fall to 7633 " ..then it having a meaning ..

ok dude .. leave it .. try to give some target of 100 points from market level on any direction .. my 2 cents ..

let me try again a chance .. market will fall tommorow more than 3% from this level .. means we will be around 7400 levels ..:thumb::thumb:
 
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kiran_thiru

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

bad luck for those call 8000 buyers now@5
mee too. still holding 8000ce bought @ 17.30. now i forget to end of month.

 

nirav_j

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

Acchhe din continuing for traders trading in sync with the market trend...:)

Smart_trade
I managed this while being 70 % out of sync with the MKT. almost 70 % of my trades today were long on NF ...

Could have been double or more, had I been 70 % short ... :eek::mad::p:D

Most of the trades are scalps on NF ..



Dear stock72,

This might help you ... has helped me immensely , in having a fair idea of the general direction of the MKT.

One thing I have learnt is, **never** go against a combo 13. Its very hazardous for an a/c.

 
re: Day trading Nifty & Banknifty Futures

I managed this while being 70 % out of sync with the MKT. almost 70 % of my trades today were long on NF ...

Could have been double or more, had I been 70 % short ... :eek::mad::p:D

Most of the trades are scalps on NF ..



Dear stock72,

This might help you ... has helped me immensely , in having a fair idea of the general direction of the MKT.

One thing I have learnt is, **never** go against a combo 13. Its very hazardous for an a/c.

Yes...it is like trying to stop a road roller in full speed with our hands....

Trading antitrend one is trading corrections...trading with trend , one trades impulse....

Note : all this pertains to futures trading...options is a diff cattle of fish...( though if kept too long the fish gets stale and stinks....:D like 8000 call )

ST
 

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