Day Trading Stocks & Futures

[travi]

Anyone noticed in downward SPIKE in DRREEDY .... low around 2407...now CMP 2724

yes, that spike is there on 2 different data sources.

 

[iwillwin]

yes, that spike is there on 2 different data sources.

Have you seen an earlier spike when it had dipped to 1900 odd levels

 

[Raj232]

yes, that spike is there on 2 different data sources.

Have you seen an earlier spike when it had dipped to 1900 odd levels

Looks like it is a genuine spike.. only in course of time we will see those levels again.. currently operators/algos have bought the downmove so that nothing is visible on the chart... later .. all will be selling

 

[against_tides]

anyone long??

 

[vikas2131]

On Down Day Of #NIFTY -0.3%

CNXPSUBANK +2.09%
CNXREALTY +1.17%
CNXINFRA +0.78%

No Other Index Comes Even Close..That Tells You The Story & The Future Leadership!

 

[Raj232]

RED chutney ... getting ready .. slowly ... for option premium..

11:00 AM.. and still nothing happened... fall has been contained... sideways or maybe even some upward movement from 11:00 AM to 11:59 AM .. from current Banknifty level of 31640 on BNF
... but I will not go long since the fall can happen anytime.. (approx 200 points) ...

 

[cinderblock]

Long with stoploss NS ~12030

RR seems good

 

[Riskyman]

Have you seen an earlier spike when it had dipped to 1900 odd levels

Looks like it is a genuine spike.. only in course of time we will see those levels again.. currently operators/algos have bought the downmove so that nothing is visible on the chart... later .. all will be selling

Those are genuine spikes on DRL. Its not uncommon as some of these stocks with heavy exposure to US markets react to news. News today is that DRL re-launched zenatane in the US markets. Not sure if thats a negative.

 

[cinderblock]

Yeh zenatane kya hai?

 

[travi]

Have you seen an earlier spike when it had dipped to 1900 odd levels

no, only this one.

Edit: are you talking about the daily one in Feb ?
That was not a Flash spike, it was related to US news, i remember that day but it was intraday recovery.