Day Trading Stocks & Futures

[afin]

Yes Bank has become like PC Jewelers. Up/down 5-10% almost every other day.

fairly predictable moves ofcourse. It is not playing as wild as PC

 

[vikas2131]

ITC: At crossroads

VEDL

 

[Riskyman]

In your experience have you ever been able to make use of option pain? I always think of following it but keep forgetting it.If you have used it please let me know your practical experience with it.

Around 90% of the options expire worthless and most buyers lose money. For this to happen, underlying prices have to move to a level where most buyers will lose. After all, the writers have sold options to make money. Correct?? Therefore, it is safe to assume that on expiry, some adjustments will be made so that big hands gain and small hands lose. In my opinion, I can say it works well around 50-60% of the times. Same story with stock options also. But, you cannot rely on it to take trades. Its another indicator only.

Edit: I type very fast. So, I dont pay attention commas, full stops sometime. Please bear with it.

 

[Riskyman]

@sanju005ind Max pain I posted was at 11100. But now market is below 11,000. If writers are confident that nifty will not bounce then they will simply start dumping 11000 ce. If enough calls are dumped, then max pain may come to 11000.

 

[Riskyman]

Bhai log, HDFC.... looks like bounce on the cards?

 

[rahulmalik]

Bhai log, HDFC.... looks like bounce on the cards?

may be only till 1760 ?

 

[Riskyman]

may be only till 1760 ?

I have no clue my friend. Expiry day bahut kamina hota hai. But HDFC and HDFC banks are 2 biggies that can move the Bank Nifty in a jiffy. So,I'm watching them .

 

[Raj232]

Bhai log, HDFC.... looks like bounce on the cards?

Sellers are 9.7 lacs .. buyers only 1.5 lacs in HDFCBANK

 

[Riskyman]

Sellers are 9.7 lacs .. buyers only 1.5 lacs in HDFCBANK

You only need one strong buyer to move a stock

 

[Raj232]

You only need one strong buyer to move a stock

That strong one is currently selling.. let it finish.. then we'll jump in
maybe another 10 - 15 mins.. and hopefully a final dip .seems he turned buyer