Day Trading Stocks & Futures

[traderniftybull]

Will Nifty be able to break the wall of 10550??

yes, very much likely

 

[Shiv12345]

Will Nifty be able to break the wall of 10550??

aaj agar aggressive move mil jaaye Bank nifty mein ..... toh mazaa aa jaayega ... 2nd half is crucial ...

 

[Raj232]

yes, very much likely

Current Situation of Nifty/BankNifty is very much Zigzag, Although indices were positive for most of Dec month, last 2-3 days the movement was showing signs of correction. So it is difficult to make new highs without some trigger of good news or FII money coming in from Jan 1, 2018.

 

[Shiv12345]

Current Situation of Nifty/BankNifty is very much Zigzag, Although indices were positive for most of Dec month, last 2-3 days the movement was showing signs of correction. So it is difficult to make new highs without some trigger of good news or FII money coming in from Jan 1, 2018.

kaash FIIs early flight leke aaj hee pahunch jaate ... ab monday ka wait karna parega ....

 

[Raj232]

Hi Afin ... Thanks for your query. I will try to finish my answer in short. Thanks....

Thanks for writeup. My personal understanding is that most companies are firing employees in India. In my company, B.Tech graduate is working as receptionist.
5 - 6 B. E. graduates are working as front office staff cum service desk in reception area.

It is estimated that in the next 2-3 years approx 30% of staff in current companies will no longer be required due to automation, etc.

So it is better to focus on some personal business rather than working for meager office salary. For that purpose BankNifty is one of the best lotteries, but one has to work hard and be accurate to take the benefit. Although I has daily consistent profit in last 6 months.. Nov/Dec have been volatile for me.. for which I think patience is the key.
If it is a sideways/flat market, I planned to keep out of it (but nobody can predict news flow
As per some studies only 25% of the days will have large moves, rest 75% will be flat.

 

[Shiv12345]

Thanks for writeup. My personal understanding is that most companies are firing employees in India. In my company, B.Tech graduate is working as receptionist.
5 - 6 B. E. graduates are working as front office staff cum service desk in reception area.

It is estimated that in the next 2-3 years approx 30% of staff in current companies will no longer be required due to automation, etc.

So it is better to focus on some personal business rather than working for meager office salary. For that purpose BankNifty is one of the best lotteries, but one has to work had and be accurate to take the benefit. Although I has daily consistent profit in last 6 months.. Nov/Dec have been volatile for me.. for which I think patience is the key.
If it is a sideways/flat market, I planned to keep out of it (but nobody can predict news flow
As per some studies only 25% of the days will have moves, rest 75% will be flat.

Does that mean we will have 30% more aspiring traders trading in Banknifty in the upcoming years?? Ha ha ha

 

[Raj232]

kaash FIIs early flight leke aaj hee pahunch jaate ... ab monday ka wait karna parega ....

In Dec, FIIs were sellers and DIIs were buyers, on 27th,28th Dec FIIs were buyers and DIIs were sellers .. and markets moved down. FIIs were taking short position all along, so downside possibility might be more.. just saying.

However all TV punters are saying Nifty 11K - 12K.. so to me it looks like flat market.

Expecting a dip in BankNifty... for some reason..

 

[Raj232]

Does that mean we will have 30% more aspiring traders trading in Banknifty in the upcoming years?? Ha ha ha

Not sure about only Banknifty, but I know some receptionist making good money on Crude Oil Commodity trading from 6 PM - 9 PM when crude oil was giving good rise on Oct, Nov months. Her money of 5Lac became 10 Lac in 2 months.

As liquidity is more in Crude Oil with Ask/Bid price not more than 1 Rupee, market orders was her favourite.
BNF has sometimes 8-10 Rs diff in bid/ask.

With 30% more aspiring traders, the competition will increase

 

[Shiv12345]

Not sure about only Banknifty, but I know some receptionist making good money on Crude Oil Commodity trading from 6 PM - 9 PM when crude oil was giving good rise on Oct, Nov months. Her money of 5Lac became 10 Lac in 2 months.

As liquidity is more in Crude Oil with Ask/Bid price not more than 1 Rupee, market orders was her favourite.
BNF has sometimes 8-10 Rs diff in bid/ask.

With 30% more aspiring traders, the competition will increase

Awesome post sir .... One would be surprised to know that I run three different Youtube Channels (Food channel, Political channel, Study Channel) as well. Two of them are in very early stage. I am trying to establish them for near future. It will be great when all three channels will produce revenue together in future. Once the videos start generating revenue, the channel owner keeps on receiving money just like 'Royalty' forever.

After 3:30 PM, I will invest my remaining day's time in those channels. Will work till 10 PM tonight. However, the most difficult question is: "How am I going to handle everything from February onwards (job, trading, Youtube Channels)?? Lol ...

 

[Shiv12345]

Ha ha ha ... New trade taken for next week (in Frustration) ... Bought BN combo (4th Jan 2018) 25200 PE & 25700 CE at 110 (55 each) .... Lucrative Price!!! Lets see ... Anticipating some movement from 1st Jan ....

Combo taken yesterday (during frustrated state of mind just before closing) sold today after Stop Loss got triggered at 10% loss. Will start trading again with a fresh state of mind from Monday i.e. 1st January 2018.
....