General Trading Chat

[amitrandive]

Nifty facing resistance from 20EMA on daily timeframe

Today Nifty trying to go above 20EMA

 

[blackberry]

See the last few minutes footprint chart :clap:

 

[arsh22g]

I can safely say that you have underestimated the HNI retail trading by an order of magnitude or even more

Intra-day in just one instrument? Which HNI has so much time to do that (excluding HNIs of Traderji though )

 

[arsh22g]

Please enlighten if someone has done this analysis.

NF had a resistance at 7465 (Fib as per my chart, or can be other as per yours), but NS didn't have any here (maybe at 7447-7450 level, but not 7443). NF couldn't clear and bounced back. Now, NF is supposed to follow NS and not the other way round. If NS is following NF, it means someone is taking advantage of NF resistance by selling NS components. What NS components are usually sold in this manner?

No takers for this?

It's a simple cause and effect that you guys might have observed during your journey, come on people.....

 

[cinderblock]

Intra-day in just one instrument?

In one instrument - yes. Not really intraday.

As for your other query about NS components; Just look at the top 10 market cap stocks. Should be a combination of few of those especially ones with a relatively higher beta.

 

[tradeblr]

I missed the rally today. I was watching the volume and try to enter at 7467 @ 9:37 but did not enter, then watched it moving down - thought it will go down again today, then I saw volumes suddenly (10k) jump up 10:11, followed by a bearish candle, then from their own it moved up like mad. Saw the volumes rise to 200k in a matter of 3 minutes and thats it - rally over. Now at 10:49 they started exiting slowly. A pure gambling by big players.

 

[iwillwin]

In just 1 minute it went from 7464 level to 7497....
They have the money power to place large market orders taking away stops of bears...

 

[timepass]

Looks like a lot of scrips (and BNF) have completed their 1ATR. Let's see what rest of the day brings.

 

[arsh22g]

In one instrument - yes. Not really intraday.

As for your other query about NS components; Just look at the top 10 market cap stocks. Should be a combination of few of those especially ones with a relatively higher beta.

Our views are the same then

 

[tradeblr]

Planning to place some Equity orders in Axis Bank. Who knows by Monday we might get some 5-6 points gap up opening. Monday Chinese market is a holiday - so no tension there. The budget is coming soon so we will get a bounce anyway and then exit out of it.

There was a good chance to enter Axis at Jan21 when the news came out that on Jan18-19 a mutual fund has bought 320 crores of shares, then it rallied upto 430 in matter of 2 days. Missed that bus. Could have had 20pct profit in 2 days.