Day Trading Stocks & Futures

[nitingosavi]

not trading anything..******

 

[nitingosavi]

can we expect (corrective ?) bounce from here somewhere ?
NF daily

 

[nitingosavi]

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.

BNF daily--- next support nearly 600 points away if current support breaks.

rsi.. extremely oversold.
no divergence-- either in hrly or daily.
if bounce has to come----from here somewhere only---

 

[vikas2131]

Nifty Future

 

[Riskyman]

Very rare to see HDFC down 5%

 

[sanju005ind]

Nifty Future

61.8 (10759) from your chart roughly coincides with 200 EMA.

 

[Riskyman]

BNF daily--- next support nearly 600 points away if current support breaks.

rsi.. extremely oversold.
no divergence-- either in hrly or daily.
if bounce has to come----from here somewhere only---

Thanks for the chart. I am not talking about RSI divergences. I was talking about statistical divergence between the two indices.
BN and Nifty are highly correlated. Therefore, if of them moves ahead of the other in either direction, it forms a divergence. There usually is a limit to this divergence going by historical data. So what im saying is that the current divergence between the two indices is very high and eventually they should close this divergence.

 

[nitingosavi]

Thanks for the chart. I am not talking about RSI divergences. I was talking about statistical divergence between the two indices.
BN and Nifty are highly correlated. Therefore, if of them move ahead of the other in either direction, it forms a divergence. There usually is a limit to this divergence going by historical data. So what im saying is that the current divergence between the two indices is very high and eventually they should close this divergence.

Bro,
I trade only charts.
I know you were not talking abt the divergences on chart.
it was just additional info..based on charts which i could see

 

[Riskyman]

Posting a chart of Nifty PE Ratio. As on friday last, Nifty had not even come below 27 p/e. Still extremely high. Long way to go down before some meaningfulness comes back to the market.

 

[Riskyman]

Bro,
I trade only charts.
I know you were not talking abt the divergences on chart.
it was just additional info..based on charts which i could see

Sorry bhai. My bad. I misunderstood your point. Jaldi jaldi mein kabhi kabhi hota hai.