Day Trading Stocks & Futures

O

oilman5

Well-Known Member
#8,721
#8,721
re: Day trading Nifty & Banknifty Futures

Today market has shown one thing-main trend is down. ? why & how

Ans : Its FII selling - as they sell & take $, so they put rupee and take $, creating less forex, as well as $/inr value rising- gives this confirmation.
...........
So beware of this truth- may not be told to unless u r fund manager.
Soon after this data,may come to common people- market may reach a temporary support.
Till then most pro r in sell side.
 
R

RavishReport

Banned
#8,722
#8,722
re: Day trading Nifty & Banknifty Futures

oilman5 said:
Today market has shown one thing-main trend is down. ? why & how

Ans : Its FII selling - as they sell & take $, so they put rupee and take $, creating less forex, as well as $/inr value rising- gives this confirmation.
...........
So beware of this truth- may not be told to unless u r fund manager.
Soon after this data,may come to common people- market may reach a temporary support.
Till then most pro r in sell side.
Click to expand...
You are right.
 
TraderRavi

TraderRavi

low risk profile
#8,729
#8,729
re: Day trading Nifty & Banknifty Futures

I think as per above image/pattern 6040 spot tomorrow , SGX Nifty already showing NF @ 6102 low , so NF sud broke 6100 tomorrow on downside....
 
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