Day Trading Stocks & Futures

[nirav_j]

re: Day trading Nifty & Banknifty Futures

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.... like 8000 call )

ST

Very true ST bhai ...

Buying options in this MKT especially pre event ,is a loosing proposition even before the Option was bought, be it a CE or a PE ....

The IVs were so high, the Nifty PEs would have barely money even if bought around at the top.

7500 PE had a low of 49.5 on 7th July.
Even after the MKT correcting by 300 points, its todays closing is ~ 108.

The CEs bought pre event meanwhile got butchered.

Buying OTM options pre event with a high VIX value ought to be a big no no imho ...

 

[TradeJoker]

re: Day trading Nifty & Banknifty Futures

mee too. still holding 8000ce bought @ 17.30. now i forget to end of month.

 

[humble]

re: Day trading Nifty & Banknifty Futures

ST Da, Thanks a ton for the explanation.

Hope you or TR do not mind the follow-up questions.

1. I am now clear about the intent for entries. On the implementation, I see you have mentioned pivots and specifically incase of the last short it seems to be the low of the bar. I understand pivots, can you kindly explain the last short for NF ? Other than the crossover, anything else to look for?

2. On a day like today, how do we manage our stops. Based on the 15min BNF charts, I was able to enter the long trade at 15075. BNF in the same bar moved up to 15180, so I put a stop at 15080 which it hit and went on to 15030 and then moved very swiftly to 15400+. So, in general how to handle stops and re-entries on high volatile days.

Thanks in advance!!!

ST Da, this post got buried down, please answer whenever you can.

Regards,

 

[sudoku1]

re: Day trading Nifty & Banknifty Futures

NF/BNF trend ↓↓


tgt > 7373/14111



hold ur breath bulls !!

 

[TradeJoker]

re: Day trading Nifty & Banknifty Futures

NF/BNF trend ↓↓


tgt > 7373/14111



hold ur breath bulls !!

 

[sudoku1]

re: Day trading Nifty & Banknifty Futures

http://www.traderji.com/derivatives/88644-n-i-f-t-y-compass-83.html#post938856


d intermediate wch stred in feb ended ystrday.

 

[kiran_thiru]

re: Day trading Nifty & Banknifty Futures

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?

NF/BNF trend ↓↓


tgt > 7373/14111



hold ur breath bulls !!

i did not got answer from ST. but Sudoku1 bhai changed trend.
is ST sir elaborate about trend will be helpful.

 

[cloudTrader]

re: Day trading Nifty & Banknifty Futures

bad luck for those call 8000 buyers now@5

For last 6-7 months I have become an Option trader for intraday moves only and that has given me more benefit than keeping Options for swing trades.

Even on the election result day intraday options was quite good when the fall started. Same happened yesterday.

 

[LivetoTrade]

re: Day trading Nifty & Banknifty Futures

IIP Data: May Mrg growth at 4.8% vs 2.6% in April | Mining growth at 2.7% vs 1.2% in April | Electricity growth at 6.3% vs 11.9% in April
May industrial output at 4.7 pct y/y -

 

[amandeep86]

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 ...

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.

Hi,

Could not understand what combo 13 ,Is it Some MA Crossover combo ??
Also what does number signify on the Bars ??

Thanks in advance