Day Trading Stocks & Futures

[Prataap_2013]

I was tracking 25300 CE. bought at 23 for a scalp of 4-5 ₹ but in minutes it zoomed! exited at market price near 70+ levels. done trading for the day

 

[Raj232]

Well ... Bulls have somehow protected 25000 mark in Banknifty as of now. I believe that 25000 level in BN and 10200 level in nifty are quite crucial levels. If they are broken too, then one shall re-calculate next support levels. Though, there is a possibility of upward retracement too. I will have to wait and decide if I should buy few index CEs by today itself or in near future.

Two possibilities:-

1. Either corrective wave 'A' has almost completed its journey. Hence, we may witness formation of wave 'B' and thus, some relief for bulls via upward retracement.

2. There is a slight chance that we are still into impulsive wave '5'. If true, then most probably we are done with second inner wave (i.e. ii) of impulsive wave '5'. Inner wave (iii) should follow soon (bringing respite to bulls).

Further, once again VIX has a good chance of cooling off by this week. If it has to rise above current level, then we shall require some dramatic downward movement. Lets see.

Strong pullback In BNF, the fall was too fast over the last few days, today's sudden upmove will add confusion to the mix. Tomorrow being expiry day, if it had to fall in a straight line today then tomorrow we would have seen a sure pull back.
Still upside above 25300 on daily closing basis is not likely and we might see a fall in 2nd half.
However, if the upmove sustains today, then expect more upside tomorrow as well.

 

[Shiv12345]

I was tracking 25300 CE. bought at 23 for a scalp of 4-5 ₹ but in minutes it zoomed! exited at market price near 70+ levels. done trading for the day

Wow!! .. Good trade ... approx 200% within a matter of minutes ... And then there are corporate employees. Poor fellas have to wait for 30 days (or more) for their month end reward. I have always been telling people that Banknifty index DOES possess the power to change one's life forever. Many of them don't believe me ... lol

 

[Raj232]

Wow!! .. Good trade ... approx 200% within a matter of minutes ... And then there are corporate employees. Poor fellas have to wait for 30 days (or more) for their month end reward. I have always been telling people that Banknifty index DOES possess the power to change one's life forever. Many of them don't believe me ... lol

I fully agree with your theory, but one has to be on the right side of the market. Those who had short positions from yesterday 9.20 am in BN Future onwards are in loss as BNF did not go much above 25,250 but today within 15 mins (10.45 - 11.00 am) it went from 25,100 to 25,300 . Anyway, good for me as I'm only watching .. most of my analysis a bit wrong as of late ..lol.

 

[SarangSood]

Booked profit in half of my position of condor strategy. The more vicious the move (up/down) the better is for me. Let's see if more such moves are pending today.

Sent from my SM-N9208 using Tapatalk

 

[Raj232]

Booked profit in half of my position of condor strategy. The more vicious the move (up/down) the better is for me. Let's see if more such moves are pending today.

Sent from my SM-N9208 using Tapatalk

Good for you. Do you mean exited 50% position on both side (i.e. 50% Call and 50% Put side) or exited one side (e.g. 100% Call side)

 

[SarangSood]

Good for you. Do you mean exited 50% position on both side (i.e. 50% Call and 50% Put side) or exited one side (e.g. 100% Call side)

Both the cals and puts. I don't have bullish/bearish positions. Only play volatility. Since it's not a writing position i exit after a vicious move either side.

Sent from my SM-N9208 using Tapatalk

 

[Raj232]

Strong pullback In BNF, the fall was too fast over the last few days, today's sudden upmove will add confusion to the mix. Tomorrow being expiry day, if it had to fall in a straight line today then tomorrow we would have seen a sure pull back.
Still upside above 25300 on daily closing basis is not likely and we might see a fall in 2nd half.
However, if the upmove sustains today, then expect more upside tomorrow as well.

This time seems analysis was correct .. lol
what kind of moves are these up and down..

.. looks like due to Europe opening in RED

 

[SarangSood]

Both the cals and puts. I don't have bullish/bearish positions. Only play volatility. Since it's not a writing position i exit after a vicious move either side.

Sent from my SM-N9208 using Tapatalk

Booked the remaining half position. Exceptional return in respect to a strategy. Funny thing is first half booked upwards, the 2nd half booked downwards. Will wait to enter again.

Sent from my SM-N9208 using Tapatalk

 

[Shiv12345]

Well ... Bulls have somehow protected 25000 mark in Banknifty as of now. I believe that 25000 level in BN and 10200 level in nifty are quite crucial levels. If they are broken too, then one shall re-calculate next support levels. Though, there is a possibility of upward retracement too. I will have to wait and decide if I should buy few index CEs by today itself or in near future.

Two possibilities:-

1. Either corrective wave 'A' has almost completed its journey. Hence, we may witness formation of wave 'B' and thus, some relief for bulls via upward retracement.

2. There is a slight chance that we are still into impulsive wave '5'. If true, then most probably we are done with second inner wave (i.e. ii) of impulsive wave '5'. Inner wave (iii) should follow soon (bringing respite to bulls).

Further, once again VIX has a good chance of cooling off by this week. If it has to rise above current level, then we shall require some dramatic downward movement. Lets see.

Keep an eye on crucial levels:- 10200 in NIFTY and 25000 in BN ... Bulls need to save these levels by end of day. Otherwise, game over ... As of now its all ZIG ZAG!!!