Day Trading Stocks & Futures

[Riskyman]

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

Im long cash at 1738. Lets see if fishing works.

 

[sanju005ind]

@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.

So mostly we watch these numbers on expiry day and expect the market gravitate towards the pain region.is my understanding correct.

 

[Raj232]

So mostly we watch these numbers on expiry day and expect the market gravitate towards the pain region.is my understanding correct.

But I have also seen the pain come towards the market price .. so its still just an indicator .. no guarantee

 

[sanju005ind]

Im long cash at 1738. Lets see if fishing works.

Me too longed at 1738.3

 

[Riskyman]

So mostly we watch these numbers on expiry day and expect the market gravitate towards the pain region.is my understanding correct.

Yes correct. It may or may not happen though.

 

[Raj232]

Me too longed at 1738.8

I longed on BankNifty Options .. and out already.. entry did not seem too good
with 2K in my pocket.. but i just played safe.. probably wrong

 

[rahulmalik]

INDUSIND also looking for a bounce from current level of 1690

 

[sanju005ind]

I longed on BankNifty Options .. and out already.. entry did not seem too good

give it 5 more minutes and then reassess.

 

[jonty47]

Nifty seems to have stabilised, but nbfc's are still bleeding.
On a different note, aavas Ipo comes as a big looser on subscription front because almost everyone is buying dhfl with the 15000 application money ☺️

 

[Raj232]

give it 5 more minutes and then reassess.

Its a bit tryicky today because overall trend of the day was down.. maybe 2:30 onwards there can be short covering..
.. but I exited already .. for Rs 2K ;-)