General Trading Chat

[travi]

RBI further tightens deposit rules, I passed HDFC Bank on Fri and today.
Still have Q's outside.
From tomo you'll have to explain why the OHD wasn't already deposited if more than Inr. 5k.

 

[wisp]

What a BORING day!!

 

[timepass]

100 pts on banknifty... NR day, unless there is a last hour move

BTW, rcom and other ADAG stocks are doing good. Any news ?

 

[vagar11]

100 pts on banknifty... NR day, unless there is a last hour move

BTW, rcom and other ADAG stocks are doing good. Any news ?

TP sir, Do you use narrow range concept in your traiding style?

I plotted NR7 on nifty chart but couldn't make anything useful out of it. What I observed is we can't say whether after a NR7 we will see a good move. I even plotted NR21 too, even it doesn't result in volatility.

 

[timepass]

Nothing is sure in day trading. It's just a point to be kept in mind.

TP sir, Do you use narrow range concept in your traiding style?

I plotted NR7 on nifty chart but couldn't make anything useful out of it. What I observed is we can't say whether after a NR7 we will see a good move. I even plotted NR21 too, even it doesn't result in volatility.

 

[vagar11]

One way Sunil Sir used to trade it is buying both call and put Options on the NR7 day itself( at 3:20). Some times it is followed by a gap opening. He used to cut the losing edge on the next day if there is a gap opening.

 

[traderniftybull]

100 pts on banknifty... NR day, unless there is a last hour move

BTW, rcom and other ADAG stocks are doing good. Any news ?

Even NS and NF are also NR days

 

[vagar11]

For later reference

 

[travi]

I plotted NR7 on nifty chart but couldn't make anything useful out of it. What I observed is we can't say whether after a NR7 we will see a good move. I even plotted NR21 too, even it doesn't result in volatility.

NR7 etc in stock/instrument specific case can occur and the formation of various right pointing triangles.
One can expect a BO/BD from there.

At index levels, esp. NS etc where major trading happens, NR21 is unlikely if not impossible and NR7 would also be a slow phases but nothing solid except lack of interest, year end etc etc

 

[vagar11]

NR7 etc in stock/instrument specific case can occur and the formation of various right pointing triangles.
One can expect a BO/BD from there.

At index levels, esp. NS etc where major trading happens, NR21 is unlikely if not impossible and NR7 would also be a slow phases but nothing solid except lack of interest, year end etc etc