Day Trading Stocks & Futures

[siddhant4u]

Nifty spot, if break 9050, next stop 8900 ?

 

[vikas21311]

Nifty spot, if break 9050, next stop 8900 ?

View attachment 42558

won't stop there i feel. could stall there for some days.

 

[against_tides]

no buying in mkt??

 

[vikas21311]

My view is, gap 1 and gap 2 are difficult to fill in near future (1-2 months or more) but if able to fill gap 2 then very shortly after filling gap 2, gap 1 will be filled and N will move up further
Most likely N will move down to fill gap 3, in coming days.

stimlus has not been an event to move market and i dn't see any on horizon. Something needed to move market higher. Govt's hand would be forced if market does not move higher in coming months.

 

[vikas21311]

won't stop there i feel. could stall there for some days.

2011-2014 wali market ki feel aa rahi ha.

 

[siddhant4u]

stimlus has not been an event to move market and i dn't see any on horizon. Something needed to move market higher. Govt's hand would be forced if market does not move higher in coming months.

Govt doesn't need to bother about share market. very few people have exposure to share market. So it's not needed to appease masses.

What govt need to do is worry about restart of economy. Share market could stay at 8000-9000 level for 2 years without affecting economy.

 

[vikas21311]

Govt doesn't need to bother about share market. very few people have exposure to share market. So it's not needed to appease masses.

What govt need to do is worry about restart of economy. Share market could stay at 8000-9000 level for 2 years without affecting economy.

In ideal world , this would work. In real world , stock market is confidence booster . Slowly sliding down market would puncture any confidence people might have and would suppress spending considerably.

I dnt see economy going anywhere for next 12-18 months at least so market could be stuck anyway.

 

[siddhant4u]

In ideal world , this would work. In real world , stock market is confidence booster . Slowly sliding down market would puncture any confidence people might have and would suppress spending considerably.

I dnt see economy going anywhere for next 12-18 months at least so market could be stuck anyway.

in bear market, it can go sideways for 12-18 months. So govt won't bother about it. If would tank 20-30% again in few days it will be different story.

 

[siddhant4u]

nifty looks found support at 9050

 

[cinderblock]

9100 looks difficult to cross today.

Seems like the PPT printout hasn't been circulated yet