General Trading Chat

[traderniftybull]

BNF

Now the next congestion is in 21525/540 range

Frankly speaking, when I posted this line, I was expecting BNF somewhere near 21550
But never thought that BNF will move 100 points more today, itself.

When BNF was reluctant to move above 21515 or so, and many times dipping near to 21450, I thought to check BN (spot) chart, and in BN chart, I noticed a congestion above 21600, near 21610/625 range. But the question was, whether it will reach today or tomorrow. But lastly BN moved today itself and did an high of 21691.

 

[greatgk]

When banknifty started upmove spot was at 21600 still 21500ce quoting at 44. I was afraid to buy..it was 100point inmoney! So stupid of me.. And missed a sure trade!!

Sent from my A37f using Tapatalk

 

[Blackhole]

Yup.. checkmated the bears today. The bulls got checkmated on the surgical strike day.

opportunity Comes in Disguise... never traded long straddle on expiry....today was the first time influence of ET...morning they suggested long stradle in NF so i took in bnf.......some how nearly doubled the trade amt....21400 pe/ce.....

one of trade.

 

[john302928]

Here wave 4 went down and overlapped with wave 1. So previously plotted waves got invalidated.but it went up again as expected.I was right on the direction of movement and it made new high today and now it has opened the possibility of ED. and it looks like we are in wave 3 of ED and this leg should not reach 21632. I expect it to face resistance around 21400-45 which is 78% fibo zone.Lets see. If this pattern goes as per my expectation we will be looking 1000 points correction soon and in that there will be a day Banknifty will bleed more. Usually important turning points in market comes with diagonal pattern. Will it be true again? I strongly believe so.

Contracting ED got invalidated today. I will check my counts again and update the developments once it is clear

 

[Blackhole]

Contracting ED got invalidated today. I will check my counts again and update the developments once it is clear

wow! elliot Wave trader!!!.... please do open separate thread and keep on updating your views...in this thread ur valuable inputs will be lost and we would not get the benefit of it.....and on top of it many seniors ewt can provide valuable inputs.

whats ur view for next expiry ???


excellent keep it up :thumb:

 

[traderniftybull]

DJI

Anticipating a good up move in 1-2 sessions,
no surprise, if it happens today itself. :lol:
Should hold 20650
Though not likely to breach it.

 

[traderniftybull]

Tech View: Nifty forms short bull candle on expiry day; eyes fresh high in Apr series

As long as Nifty trades above 9,133-9,119, the index is on track to hit fresh record highs above 9,218 in April series, suggest experts.

Read more at

http://www.moneycontrol.com/news/bu...ay-eyes-fresh-high-in-apr-series-2249951.html

 

[tradeblr]

Trumps former National security adviser has asked for immunity to disclose anything to senate, looks like there is something to hide and he may spill the beans in exchange for no jail term and it will be next Watergate scandal. US market will correct significantly if he reveals anything. watch out guys...

 

[traderniftybull]

BNF

Congestion in 21650/660 range

 

[oldtrader]

A noob doubt on Mutual Funds.
Wanted to know the disadvantages of ETF over Mutual Funds. Since ETF's don't have Exit Load and have ease of trading over Mutual Funds. For example , Junior Bees ETF has given 34.48% returns over the last year compare it with Birla Sunlife Equity has given almost the same returns as Junior Bees.