Day Trading Stocks & Futures

i am inclined towards 31000/11700 by thursday. . probably am wrong but there was some movement in the options at this price range
bought calls and am long maruti with day low as sl :D
When it falls in panic or profit booking by everyone, it's a falling knife until a strong support which is around 11200-11100.
 

checkmate7

Well-Known Member

john302928

Well-Known Member
Below is the reason for saying we will witness new low. it looks to ma making expanding diagonal pattern. reversal will be strong but it has not yet completed its fall.new low for the day is waiting View attachment 36037
we are close to making a new low for the day but the job is only half done. looks like another 200 points fall is still due from cmp
1562649552415.png
 

kharikumaar

Well-Known Member
When it falls in panic or profit booking by everyone, it's a falling knife until a strong support which is around 11200-11100.
quite possible . am prepared for that possibility also.
i work on a slightly different strategy which is not much related to TA. it has more to do with visual analysis of market movement etc., sometimes my strategy works , sometimes it fails. i am willing to look at the risk on both ends with my relevant stops. its been good to me so far with a little more successes than failures, thus keeping me afloat. :D
 

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