Day Trading Stocks & Futures

[traderniftybull]

adbhut avishvasniya akalpaniya Banknifty

 

[Shiv12345]

adbhut avishvasniya akalpaniya Banknifty

Ha ha ha ... awesome post!! I can now say that today's GYRATION (swing) is perhaps one of the GREATEST gyrations ever I have witnessed in my life ... Keep watching ... Enjoy!!

 

[Shiv12345]

yes,
and how about you, did you enter into some trades

Yaa ... I did some quick multiple trades at every level of recovery (only in bank nifty options) ... Did not have courage to keep waiting for whole time ...

 

[SarangSood]

Wow... what a day..!! Booked huge profit in my condor position gap down. Booked again upwards. Waiting to enter again. Or maybe writing will start. The premiums are very attractive to sell. Time will tell only.

Sent from my SM-N9208 using Tapatalk

 

[Shiv12345]

Itna sannaata kyun hai bhaai .... ?? Lagta hai sabne poore month ki kamaai 18th December ko hee kar daali ....

 

[SarangSood]

Itna sannaata kyun hai bhaai .... ?? Lagta hai sabne poore month ki kamaai 18th December ko hee kar daali ....

Very busy day for the writers though. Overvalued premiums are back to normal. Erosion should continue till tomorrow's first half.

 

[Shiv12345]

All zig zag and nothing else. Waiting for 2nd half for some real action.

 

[Shiv12345]

Very interesting ... ICICI Bank & SBI are now almost at 317 each (though there is huge difference in market cap of both)

 

[manojborle]

Very interesting ... ICICI Bank & SBI are now almost at 317 each (though there is huge difference in market cap of both)

Isnt't the face value of ICICI Bank and SBI different ? Does that make no difference to market cap ?

 

[Shiv12345]

Isnt't the face value of ICICI Bank and SBI different ? Does that make no difference to market cap ?

Hi Manoj ... Thanks for your query. To begin with: No!! Any change in Face Value of a particular scrip does not lead to change in Market Value of that particular company (as it does not produces any extra value). Also, companies do change the face value of their share only because of one major reason i.e. to SPLIT (in order to increase liquidity).

Also, a lot of people have been telling me (since years) that Banknifty fund managers always try to keep the rates of SBI & ICICI at same level (though not necessarily). This has been happening since past few years. Normally, when the difference between them gets widened, that is when one of them will try to catch the other one. For example, suppose ICICI Bank is on 300 and SBI is on 250. So, either SBI will rise sharply and reach 300 in couple of months or else ICICI Bank will be made to fall drastically and made to touch 250 (even if the quarter results are fantastic).

By observing all these small things, one can study the impact of these movements on Banknifty index and take trade accordingly. After all, BN index runs mainly on MANIPULATION only. Thanks...