Day Trading Stocks & Futures

Shiv12345

Well-Known Member
Its OK. Don't worry. Moderator sir is a good person. Lets focus on profit. We are here to make money. Profit will give us utmost happiness. Uploading posts will give us nothing. Now lets start again brother.

Fresh intraday EW indications developing on the Banknifty charts (only for today). Watch out for only one level in Banknifty for today i.e. 26545. It seems yesterday this level tried to initiate the formation of new minor EW cycle. So, focus on 26545 level for today. It seems it is going to be the deciding factor for today. If it gets broken and breached decisively, then BIG DANGER in second half. If Banknifty STAYS ABOVE 26545, then boom boom. Watch out for the trend carefully, BUY only if you find strength above 26545 and SELL only if you find WEAKNESS. Take cues from global indices (if needed).

All the best brother. Lets do this. :)
Bro, are these levels for BNF or BN index ... ?
Only BN spot levels. See the low of today so far. It reversed exactly from 26546 approx. Still there is DANGER though.
 

Raj232

Well-Known Member
Not sure about Brokers not collecting the exposure margin, all discount brokers are collecting SPAN+exposure margin .. which is approx approx 80-90 K for 1 lot of BNF :)
Thats a lot. Do you now see a lot of futures traffic queuing up the options line? All the retailers especially?
 
Only BN spot levels. See the low of today so far. It reversed exactly from 26546 approx. Still there is DANGER though.
As per Gann also, it is an important level. I didn't read your post before entering my trade :p Wish I did that though!
 
Thats where most of the retailers will be trapped... These are official schemes to trap retail traders.. :)
I agree man! I am not convinced with these moves.
 

Raj232

Well-Known Member
have you traded today btw? :)
Nope.. although the temptation is high, not trading for another week as there is no specific direction I'm seeing that the Index will take.
It is likely to be sideways today and tomorrow.. but still watching for some twists and turns .. :) .. if any :)
 

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