Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
re: Day trading Nifty & Banknifty Futures
Friday was another good day... which draws a conclusion that
1.Trend trading is not forecasting or predicting
2.Trend Trading is reactive in nature.
3.Trend Trading demands following the market not guessing or wild emotions
4. Trend trader Avg profit per trade is significantly higher then average loss per trade
Friday was another good day... which draws a conclusion that
1.Trend trading is not forecasting or predicting
2.Trend Trading is reactive in nature.
3.Trend Trading demands following the market not guessing or wild emotions
4. Trend trader Avg profit per trade is significantly higher then average loss per trade
re: Day trading Nifty & Banknifty Futures
Sorry to interfere in between but could not stop replying.
Choice of time frames is dependent on what kind of trading psychology you possess. If suppose you are in a long trade of Nifty Futures and you are ready for the market to go against you 40-50 points in the down wave before resuming the uptrend then this 40-50 point move is what is accepted by your trading mind set up as normal. This may be while you are trading on a 15 minute time frame.
Now suppose you are more anxious kind of individual and can't take a down move against you of more than 15-20 points then you have to reduce your time frame. Say 3-5 minutes.
The larger the time frame , the bigger the swings . This is fractional behaviour of price. Each time frame behaves in the same manner. Trading remains the same in all time frames. Only thing is the adjustment of the trader to the moves belonging to the preferred trading time frames.
Sorry to interfere in between but could not stop replying.
Choice of time frames is dependent on what kind of trading psychology you possess. If suppose you are in a long trade of Nifty Futures and you are ready for the market to go against you 40-50 points in the down wave before resuming the uptrend then this 40-50 point move is what is accepted by your trading mind set up as normal. This may be while you are trading on a 15 minute time frame.
Now suppose you are more anxious kind of individual and can't take a down move against you of more than 15-20 points then you have to reduce your time frame. Say 3-5 minutes.
The larger the time frame , the bigger the swings . This is fractional behaviour of price. Each time frame behaves in the same manner. Trading remains the same in all time frames. Only thing is the adjustment of the trader to the moves belonging to the preferred trading time frames.
re: Day trading Nifty & Banknifty Futures
Market Outlook:
With so many bears voicing their opinions on TV, both global and domestic, I happened to analyse the markets to see if their voices carry any weight. To me, personally it looks like another routine correction before newer highs come up.
Nifty has had a decent run up from 7400 odd levels to test 7840 and ever since has retraced almost 61.8% of its move. This to me is significant in the present scenario. Going forward, if it manages to hold 7500 on a closing basis, we will see 8200 odd levels within the next couple of months. Hence risk:reward looks extremely favourable from the long side. Bears need to wait a little longer for a more meaningful correction, which IMO is likely to turn out in the month of October. Bank Nifty which has led the run up from the front, has held out quite well and clung onto the 15000 mark very nicely. Going forward, I expect a significant move in the banking sector especially PSU ones which can take the index to 17000 odd mark. Not to miss out on the midcap index which has been consolidating well is once again expected to outperform going forward.
With the global markets nearing a short term bottom( expected next week), the environment is once again looking quite conducive for another leg of a strong bull rally moving into the month of August. We should see these moves panning out in the next couple of months and bears need to exercise extreme caution in shorting this market at current levels.
Have a wonderful trading week ahead!
PraDa
Market Outlook:
With so many bears voicing their opinions on TV, both global and domestic, I happened to analyse the markets to see if their voices carry any weight. To me, personally it looks like another routine correction before newer highs come up.
Nifty has had a decent run up from 7400 odd levels to test 7840 and ever since has retraced almost 61.8% of its move. This to me is significant in the present scenario. Going forward, if it manages to hold 7500 on a closing basis, we will see 8200 odd levels within the next couple of months. Hence risk:reward looks extremely favourable from the long side. Bears need to wait a little longer for a more meaningful correction, which IMO is likely to turn out in the month of October. Bank Nifty which has led the run up from the front, has held out quite well and clung onto the 15000 mark very nicely. Going forward, I expect a significant move in the banking sector especially PSU ones which can take the index to 17000 odd mark. Not to miss out on the midcap index which has been consolidating well is once again expected to outperform going forward.
With the global markets nearing a short term bottom( expected next week), the environment is once again looking quite conducive for another leg of a strong bull rally moving into the month of August. We should see these moves panning out in the next couple of months and bears need to exercise extreme caution in shorting this market at current levels.
Have a wonderful trading week ahead!
PraDa
re: Day trading Nifty & Banknifty Futures
Nice trades SS.
I see there are drop down arrows in your excel file. Can you tell how do you use it and how it can be useful to us. It will be great help if we can see trades of particular dates, or we can find only long trades or short trades by selecting from drop down list or we can find trades based on particular setups based on the data entered in comments.
Thanks
Nice trades SS.
I see there are drop down arrows in your excel file. Can you tell how do you use it and how it can be useful to us. It will be great help if we can see trades of particular dates, or we can find only long trades or short trades by selecting from drop down list or we can find trades based on particular setups based on the data entered in comments.
Thanks
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