General Trading Chat

[timepass]

That's not a good news for Banknifty

SBI Q3 net slips 35% on wages, pension

https://www.thehindu.com/business/s...time-charge-of-7100-crore/article67807952.ece

Well, I have held that SBI is due a trip to 530-480 region but that had seemed far fetched after its bounceback from 540 region.

There are a few gaps to fill, but who knows. The momentum can carry it anywhere.

Of course, I would love to buy it in the 500 area, if it gets there ever.

 

[hardik0007]

Broke VPH TL
View attachment 50280

 

[travi]

That's not a good news for Banknifty

SBI Q3 net slips 35% on wages, pension

https://www.thehindu.com/business/s...time-charge-of-7100-crore/article67807952.ece

Well, I have held that SBI is due a trip to 530-480 region but that had seemed far fetched after its bounceback from 540 region.

There are a few gaps to fill, but who knows. The momentum can carry it anywhere.

View attachment 50317

Of course, I would love to buy it in the 500 area, if it gets there ever.

SBI pullback quite surprising right now

 

[timepass]

SBI pullback quite surprising right now

Momentum, animal spirits etc..............

 

[tradermodified]

BN

on crossing and staying above 46000 will move for 46400/500 levels

ltp 45967

 

[timepass]

The vix is high, Banknifty range is low (about 400 points), thus the options are very choppy in a small range

Tough day to trade the options on moving average crossover, the reverse crossover comes within 3-5 bars of 3 min

 

[timepass]

The vix is high, Banknifty range is low (about 400 points), thus the options are very choppy in a small range

View attachment 50329

Tough day to trade the options on moving average crossover, the reverse crossover comes within 3-5 bars of 3 min

30 minutes is not my regular cup of tea, but today's frustrating sideways period made me think and look back.

It seems that the price found it difficult to cross the downtrending 21ema on 30 min, but looked unplayable on 3 min.

I guess a better trader would've coolly played the puts on dips.

 

[Nish]

BN can these be posible lvls for 06Feb24 ???

Q marks represent the dis-claimer to do your own study with proper SL !

 

[tradermodified]

BN can these be posible lvls for 06Feb24 ???

Q marks represent the dis-claimer to do your own study with proper SL !

My views also. Same to same.

BN

on staying above 45700 will move for 45900/46000 levels else on staying below 45700 may drop to 45400/300 levels

ltp 45740

 

[timepass]

For the oldtimers, Banknifty had a 20/50 crossover 3-4 days ago. The 50SMA is still rising, but I guess it will face resistance around 20SMA. So I think all the upmoves now should be considered suspicious.