Day Trading Stocks & Futures

[RAAMAKANT]

re: Day trading Nifty & Banknifty Futures

F**k**g "W" forming third leg.. so must get out of short at around 6042 6035 spot

now last leg of "W" in the making

not very strong so take fixed profit if go long

I Don't have Intra Charts, but from Price Action I think
unless Future settles above 6075-80, there will be no sign recovery...

 

[jamit_05]

re: Day trading Nifty & Banknifty Futures

What if... just what if... market zooms back up (due to some sudden anti-taper statement) from 6075 to 6200 or atleast 6130... just wishin...

 

[stock72]

re: Day trading Nifty & Banknifty Futures

What if... just what if... market zooms due to anti-taper statement from 6075 to 6200 or atleast 6130... just wishin...

A very likely event to happen by Monday ..

 

[boarders]

re: Day trading Nifty & Banknifty Futures

I Don't have Intra Charts, but from Price Action I think
unless Future settles above 6075-80, there will be no sign recovery...

if the second bottom of the "W" is lower than the first, then the zoom up will be vicious. right now the second bottom is alowly extending more and more downwards

 

[boarders]

re: Day trading Nifty & Banknifty Futures

I Don't have Intra Charts, but from Price Action I think
unless Future settles above 6075-80, there will be no sign recovery...

so we buy at bottom and short at top for few points (as intraday trader)

 

[RAAMAKANT]

re: Day trading Nifty & Banknifty Futures

so we buy at bottom and short at top for few points (as intraday trader)

Do you know where is the Bottom and Top ?

 

[DIVYEDIX]

re: Day trading Nifty & Banknifty Futures

What if... just what if... market zooms back up (due to some sudden anti-taper statement) from 6075 to 6200 or atleast 6130... just wishin...

No anti taper statement expected but market is nervous because US housing retail data expected on wednesday

 

[boarders]

re: Day trading Nifty & Banknifty Futures

Do you know where is the Bottom and Top ?

sure check bollinger bands

 

[jamit_05]

re: Day trading Nifty & Banknifty Futures

Bhai-log.

The stage is set. If a lower low is not made then a Decisive break of 75, will be a BOF of LOD 14th Nov + an intraday double bottom.

This should lead to atleast a 0.50 RET to fill the gap.

 

[TraderRavi]

re: Day trading Nifty & Banknifty Futures

BC
(21Nov2013 11:11:41) : buy nifty fut above 6075 for tgt of 6100- 6130 stop loss 6045