Day Trading Stocks & Futures

[Shiv12345]

It's actually very frustrating to see BN stuck in narrow range of 25300 to 25400 .... Ideally, it should have sprinted after it broke the wall of 25400 during morning ... How did it manage to come back and fall below 25400? Also, once it fell back to 25305 level, then ideally it should have breached 25300 level too. But that didn't happen as well.

 

[Shiv12345]

First trade done!! Even after surpassing BN index level 25400, Banknifty did not sprint at a quick pace. Consolidation was inevitable (in order to eat premiums of both sides). Took advantage of it and shorted ICICIBANK (in cash) around 315.50 and bought it at 314.80 .... Enjoy!!

May be I should have stayed longer with this trade. It fell back till 313.30 approx ...

 

[Raj232]

May be I should have stayed longer with this trade. It fell back till 313.30 approx ...

BankNifty is about big money... in sideways market options cannot be traded.. i have learnt that the hard way.. better I be spectator for sometime..

 

[Shiv12345]

Very interesting ... To my surprise, FIIs have been buying continuously since last few sessions. I wonder what is their real PLAN. As far as NIFTY index is concerned, it definitely looks tired and exhausted. But FIIs could not be that foolish. They cannot be buying just for making losses. Is there a twist ahead?

 

[timepass]

Very interesting ... To my surprise, FIIs have been buying continuously since last few sessions. I wonder what is their real PLAN. As far as NIFTY index is concerned, it definitely looks tired and exhausted. But FIIs could not be that foolish. They cannot be buying just for making losses. Is there a twist ahead?

Maybe it is simply because the dollar is becoming cheaper.

 

[Raj232]

Very interesting ... To my surprise, FIIs have been buying continuously since last few sessions. I wonder what is their real PLAN. As far as NIFTY index is concerned, it definitely looks tired and exhausted. But FIIs could not be that foolish. They cannot be buying just for making losses. Is there a twist ahead?

On 03-Jan-2018 FIIs bought 96.31 Crs but DII’s sold -269.2 Crs ... maybe FII purchases are only for hedging purpose. 96.31 Cr is too low compared to usual 500 Cr purchase.
Ahead.. nobody knows whether FIIs will buy / sell in large quantity

 

[Shiv12345]

No trade taken till now. With such dull movement, even scalping seems difficult.

 

[Raj232]

No trade taken till now. With such dull movement, even scalping seems difficult.

Bulls trying to push BankNifty up... but does not seem like the strength is there..

 

[Raj232]

Bulls trying to push BankNifty up... but does not seem like the strength is there..

Anything above 25,450 - 25,460 level will trigger short covering.. so I feel thats the Lakshman rekha.
But downside we may see only later during the day..

 

[Raj232]

Anything above 25,450 - 25,460 level will trigger short covering.. so I feel thats the Lakshman rekha.
But downside we may see only later during the day..

Looks like the top is done for BankNifty. Little short covering happened, but not much momentum. Probably will slide back to 25,450... but lets see..