Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
Only two probabilities from here onwards .... VIX is firing all cylinders for some peculiar reason ... Also, price of all BN CALLS are being pumped up deliberately. Either, market will tank may be in next couple of days (taking down all weekly BN CEs) or market will surprise us all & BN calls will fire and move up fiercely. At present, whatever we are witnessing doesn't make any sense (higher VIX for no reason, plus overtly surging BN CEs) at least for today. I think it's a build up for upcoming days. Moreover, it can also be a writers game where they are intentionally pumping up VIX along with BN calls. Keep watching!! 
Only two probabilities from here onwards .... VIX is firing all cylinders for some peculiar reason ... Also, price of all BN CALLS are being pumped up deliberately. Either, market will tank may be in next couple of days (taking down all weekly BN CEs) or market will surprise us all & BN calls will fire and move up fiercely. At present, whatever we are witnessing doesn't make any sense (higher VIX for no reason, plus overtly surging BN CEs) at least for today. I think it's a build up for upcoming days. Moreover, it can also be a writers game where they are intentionally pumping up VIX along with BN calls. Keep watching!!
You will get result to your probabilities by eod or by tomorrow
Ok so .... at the moment: HDFC Bank is down by 1% approx .... ICICI Bank and KOTAK Bank are flat at present. But SBI is looking great for today. We can expect some drama in the next two hours. If HDFC Bank, ICICI Bank and Kotak Bank can improve further in next two hours then it will really push Bank nifty upwards (hence firing all BN CEs even more) ... But for that to happen, SBI along with other PSU banks need to hold their positive positions. On the other hand, ICICI Bank and SBI can lose their gains and join already weakened HDFC bank and Kotak bank bringing BN index down (giving further push to VIX and PEs) ... So dont go anywhere and keep watching and take your positions accordingly .... Action to begin soon .... Good Luck!!
Ok so .... at the moment: HDFC Bank is down by 1% approx .... ICICI Bank and KOTAK Bank are flat at present. But SBI is looking great for today. We can expect some drama in the next two hours. If HDFC Bank, ICICI Bank and Kotak Bank can improve further in next two hours then it will really push Bank nifty upwards (hence firing all BN CEs even more) ... But for that to happen, SBI along with other PSU banks need to hold their positive positions. On the other hand, ICICI Bank and SBI can lose their gains and join already weakened HDFC bank and Kotak bank bringing BN index down (giving further push to VIX and PEs) ... So dont go anywhere and keep watching and take your positions accordingly .... Action to begin soon .... Good Luck!!
It's almost 2:50 PM but today I didn't get too many chances to trade in BN. It was mostly wait and watch since morning. I was skeptical of the excess of rise in values of BN Calls ... I have been tracking BN 25700 CE (16th Nov) since morning ..... Finally took it around 65 and immediately sold at 71 .... I could only manage this much ....
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