General Trading Chat

[tradingstudent]

finally won first time, 60 day challenge. even though the profits is miniscule , I am :rofl:

total charges was 287. i.e 21% of gross profit. :clap:

sincere thanks to all.

Dude,

Awesome. By what margin doesn't matter. You won, that's what counts...

Congrats....:clap::clap::clap::clap::clap:

 

[wisp]

Seniors, please advise, what timeframe should be used to define credible intraday support and resistance.

not senior, but if you are trading 3/5 min chart you can use 30 min and 60 min for S/R also keep an eye on daily S/R

 

[333]

Seniors, please advise, what timeframe should be used to define credible intraday support and resistance.

My simple answer with past intraday experience, none.................TF is gimmick......so dnt worry about TF.

 

[timepass]

Yes wisp, I did mention somewhere in this thread that 7540 was the previous floor which took nifty many months to break. Now that floor becomes kind of a ceiling. Nifty may spike through, but find breaking it tough.

If it wasn't March, I would go with the bears here. But too many events and budget session on. Anything can happen.

PS : Arre bhai, I am a slow guy, I am just turning bullish after such a long time. Maybe my bias doesn't want to hear bearishness

On the other hand, there is this ....

Maybe the FIIs are just cautious ahead of the Fed.

 

[Somatung]

Seniors, please advise, what timeframe should be used to define credible intraday support and resistance.

There is no fix rule on this. What ever time frame you choose, you will face different kind of problems to handle those support and resistance levels. In bigger time frames your acceptance to moves must be bigger compare to smaller time frames, as market will not all the time just make a turn at those levels, instead starts to dance around them with bigger swings.

But the same you will face on smaller time frames. You may want to set your stop loss small on those levels. This means that you in certain cases have to test the market a few times to come into a good move and the rest you are stopped out again and again.

To enter any market you do not too bad when comparing different time frames with which you are familiar, as you have your knowledge how the pictures are to value you worked out. Now you either can start to enter on the smallest time frame in conjunction with the bigger time frame or you do it vice versa with other ideas.

There is lots of pro and con on this specific topic. So hope at least those few words do give you a bit of help or any idea what you may want to concentrate on and compare it with what you already can handle in trading so far.​

 

[timepass]

Shorted Reliance Infra futures at 504 today. Looking at covering it tomorrow. Also sold Nifty futures just before market close since it was closing below 7550. Have waited quite a few days to get onto these shorts. Nifty sl is 7620. .

TP bro no gadbad ,Your stock choice is awesome stick on it,Add rel Infra both are good stocks for Intraday. IS02016 certified!!! dnt panic.......

BDW Relinfra (fut)also open=low :thumb:

So guys, how are Relinfra shorts going ?? Maybe this news will help

Delhi govt warns of punitive action if BSES don't clear dues of Rs 1958 crore

.

 

[333]

There is no fix rule on this. What ever time frame you choose, you will face different kind of problems to handle those support and resistance levels. In bigger time frames your acceptance to moves must be bigger compare to smaller time frames, as market will not all the time just make a turn at those levels, instead starts to dance around them with bigger swings.

But the same you will face on smaller time frames. You may want to set your stop loss small on those levels. This means that you in certain cases have to test the market a few times to come into a good move and the rest you are stopped out again and again.

To enter any market you do not too bad when comparing different time frames with which you are familiar, as you have your knowledge how the pictures are to value you worked out. Now you either can start to enter on the smallest time frame in conjunction with the bigger time frame or you do it vice versa with other ideas.

There is lots of pro and con on this specific topic. So hope at least those few words do give you a bit of help or any idea what you may want to concentrate on and compare it with what you already can handle in trading so far.​

Your post in details my answer is in short but meaning is same!!!

 

[praveen taneja]

HDFC Q4 ADV TAX FLAT AT Rs 550 Cr
SBI Q4 ADV TAX AT Rs 6.87 Bn Vs Rs 17.49 Bn YoY
RIL Q4 ADV TAX AT Rs 22.15 Bn Vs Rs 15.94 Bn YoY
BoB Q4 ADV TAX AT Rs Rs 3.6 Bn Vs Rs 2 Bn YoY
TATA STEEL Q4 ADV TAX AT Rs 4 Bn Vs Rs 3.5 Bn YoY
AMBUJA CEM Q4 ADV TAX AT Rs 700 Mn Vs Rs 1.35 Bn YoY
ICICI BANK Q4 ADV TAX AT Rs 13 Bn Vs Rs 12.95 Bn YoY
HDFC BANK Q4 ADV TAX AT Rs 16 Bn Vs Rs 14 Bn YoY
HUL Q4 ADV TAX AT Rs 4.5 Bn Vs Rs 5.6 Bn YoY
TCS Q4 ADV TAX AT Rs 11.5 Bn Vs Rs 11.4 Bn YoY
INDUS IND BANK Q4 ADV TAX AT Rs 3.75 Bn Vs Rs 2.75 Bn YoY
BPCL Q4 ADV TAX AT Rs 6.89 Bn Vs Rs 3.18 Bn YoY
LUPIN Q4 ADV TAX AT Rs 4.34 Bn Vs Rs 2.01 Bn YoY
M&M Q4 ADV TAX AT Rs 1.75 Bn Vs Rs 1.15 Bn YoY
BAJAJ AUTO Q4 ADV TAX AT Rs 3.75 Bn Vs Rs 2.30 Bn YoY

 

[ap*]

So guys, how are Relinfra shorts going ?? Maybe this news will help

Delhi govt warns of punitive action if BSES don't clear dues of Rs 1958 crore

.

Hoping to book out tomorrow in profit

 

[333]

Hoping to book out tomorrow in profit

Apart from news any other reason for short?