Day Trading Stocks & Futures

Riskyman

Well-Known Member
Bank Nifty extremely over sold. Either expect a massive sell off in Nifty to compensate or expect a massive short covering in BN. If and When is the million dollar question.
I say so because the correlation divergence between these indices is huge now.
For me no trades in the index.
 

vikas2131

Well-Known Member
Bank Nifty extremely over sold. Either expect a massive sell off in Nifty to compensate or expect a massive short covering in BN. If and When is the million dollar question.
I say so because the correlation divergence between these indices is huge now.
For me no trades in the index.
I expect short covering in bank nifty and possibly good rally on upside.
 

Riskyman

Well-Known Member
I expect short covering in bank nifty and possibly good rally on upside.
No no im not talking about small moves. Im talking big moves. 800=1000 points on BN or 500-600 points on nifty. Either of these. Dont know which and when. This kind of divergence is extremely rare. Most likely I think its Nifty down.
 

sanju005ind

Investor, Option Writer
No no im not talking about small moves. Im talking big moves. 800=1000 points on BN or 500-600 points on nifty. Either of these. Dont know which and when. This kind of divergence is extremely rare. Most likely I think its Nifty down.
Yes.Nifty is going to catchup.BN is already below 200 MA.But Nifty is yet to reach there. Else both would like meet in a middle ground join hands and then continue the journey.
 

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