Day Trading Stocks & Futures

amandeep86

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

edit
no you can't
as 30 mins still down.
also sl is too wide and time up 3:00pm so avoid...



wait for another pivot. as it is still in one bar range...
SS,

Thanks for your all coperation and quick response :thumb::thumb:,

What are the parameters you watch to identify change in 30 mins trend ??

Regards
 
re: Day trading Nifty & Banknifty Futures

Line of Least Resistance

It is a law of science that the water or electricity flows through line of least resistance. Any trader if he monitors the screen after his trade, understands what the line of least resistance is.

In todays nifty futures, after opening, it sold off...then bounced back. It made 2 attempts to go down but both these attempts did not give sustained moves...it was just giving 12-15 points and if not booked quickly, it gave pivot breakdown failures and bounced back above the pivot which it broke....

TDST resistance levels also were breached on the upside which clearly indicated that "The line of least resistance is definately not down...but it is in upward direction." And in the afternoon session, the market thrusted through its line of least resistance which was upwards.

An alert trader can learn a lot from how market behaves at various supports/resistances .

Smart_trade
 
re: Day trading Nifty & Banknifty Futures

@Somatung,
v r buying more n more frm u.

''Swiss gold exports to India rise to 42 per cent; hit Rs 50,000 crore ''
As you say: We are buying more and more from you, I would say: That's fine. Any thing else you need from over here? :D
 

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