Intraday Trading
- Thread starter kthakker0
- Start date
- Tags daily trading intraday swing nifty futures
19/11/2012 Monday
Hi all,
We see two different scenarios one distinct from other, one effecting us directly other has a slow motion effect
Direct effect
Rally in US markets and in particular S&P 500 levels are 1365, 1370-75 and last 1382-85 and further rally above 1385 will see S&P 500 trading between 1402-1410.
We should see the same mirror effect here tomorrow.
Above 5586 the levels are 5596, 5605, 5625, 5665 and the list goes on...
Below 5586 the levels are 5565, 5548 and 5510 and the trend should stop here.
Today's CP above the range high, is suffice to say that we should see some higher levels before NF bottoms out between 5540-10 for stronger rally.
Slow Motion
All the above could be spooked if Israel invades Gaza strip and paints its RED.
Indian Fact
It's a known fact that we are happy go-lucky followers of the western world, wherever they go we follow and so will our market. Their market rally our market rallies. Their market falls, (Humpty-Dumpty) we all fall down. (Wah kya bhai-chara hai, aur waise bhi apne paas koi aur chara bhi to nahi bacha, jo thoda bahut tha woh Lallu kha gaya aur baki sara corrupt ho gaya)
Achha to hum chalte hain, chalo Bye Bye, kal firangi market ko follow jo karna hai, aur tum log bhi jaao aur ja kar so jaao. Good Night.
Hi all,
We see two different scenarios one distinct from other, one effecting us directly other has a slow motion effect
Direct effect
Rally in US markets and in particular S&P 500 levels are 1365, 1370-75 and last 1382-85 and further rally above 1385 will see S&P 500 trading between 1402-1410.
We should see the same mirror effect here tomorrow.
Above 5586 the levels are 5596, 5605, 5625, 5665 and the list goes on...
Below 5586 the levels are 5565, 5548 and 5510 and the trend should stop here.
Today's CP above the range high, is suffice to say that we should see some higher levels before NF bottoms out between 5540-10 for stronger rally.
Slow Motion
All the above could be spooked if Israel invades Gaza strip and paints its RED.
Indian Fact
It's a known fact that we are happy go-lucky followers of the western world, wherever they go we follow and so will our market. Their market rally our market rallies. Their market falls, (Humpty-Dumpty) we all fall down. (Wah kya bhai-chara hai, aur waise bhi apne paas koi aur chara bhi to nahi bacha, jo thoda bahut tha woh Lallu kha gaya aur baki sara corrupt ho gaya)
Achha to hum chalte hain, chalo Bye Bye, kal firangi market ko follow jo karna hai, aur tum log bhi jaao aur ja kar so jaao. Good Night.
20/11/2012 Tuesday
Hi all,
Market has opened higher as everyone had expected, but the negative overhang of local factors will somewhat kill the pace of the rally.
Only after getting clarity about No-Confidence Motion on or after 22/12/2012, will the trend be decided and positions taken accordingly.
Till then I'll go for levels btwn 5540-5510.
At the current juncture it may seem to be a risky strategy, but still I'll go with it.
Bye
Hi all,
Market has opened higher as everyone had expected, but the negative overhang of local factors will somewhat kill the pace of the rally.
Only after getting clarity about No-Confidence Motion on or after 22/12/2012, will the trend be decided and positions taken accordingly.
Till then I'll go for levels btwn 5540-5510.
At the current juncture it may seem to be a risky strategy, but still I'll go with it.
Bye
20/11/2012 Tuesday
Hi all,
Today's risk taking decision paid off handsomely, but the 5540-10 target still remains.
Tomorrow 5586 will again be the de facto level, NF trading above or lower will decide the intraday trend.
Follow local instead of global cues as local news knows where to prick and they prick very badly, especially if you are on the wrong side of the trade.
Bye
Hi all,
Today's risk taking decision paid off handsomely, but the 5540-10 target still remains.
Tomorrow 5586 will again be the de facto level, NF trading above or lower will decide the intraday trend.
Follow local instead of global cues as local news knows where to prick and they prick very badly, especially if you are on the wrong side of the trade.
Bye
Hi,
Day before 5540 target was missed by 15 points where 5565 acted as my SL and today it was 5586, magar uske baad tao profit-hi-profit.
Today those who had followed 5586 level, unki toh nikal padi aur jis nay follow nahi kiya unki bhi nikal padi.
Breaching of 5626 signifies that rally has started.
Bye
Day before 5540 target was missed by 15 points where 5565 acted as my SL and today it was 5586, magar uske baad tao profit-hi-profit.
Today those who had followed 5586 level, unki toh nikal padi aur jis nay follow nahi kiya unki bhi nikal padi.
Breaching of 5626 signifies that rally has started.
Bye
21/11/2012 Wednesday
Hi all,
Tomorrow again keep a SL @ 5586 for long as I still have my sight on 5540-10 level.
I still have a feeling that we should see NF trading between 5540-5510 before any rally takes place, even if NF trades at 5540 it will signal the end of the current Wave and the start of the new one.
Trading above 5626 I'll go for 5645, 5665 and 5675
Trading below 5626 its 5605, 5596-86 and below 5586 its 5540
Bye
Hi all,
Tomorrow again keep a SL @ 5586 for long as I still have my sight on 5540-10 level.
I still have a feeling that we should see NF trading between 5540-5510 before any rally takes place, even if NF trades at 5540 it will signal the end of the current Wave and the start of the new one.
Trading above 5626 I'll go for 5645, 5665 and 5675
Trading below 5626 its 5605, 5596-86 and below 5586 its 5540
Bye
Mini Nifty to be abolished soon.
http://www.sebi.gov.in/cms/sebi_data...3409729402.pdf
http://www.sebi.gov.in/cms/sebi_data...3409729402.pdf
As said, Congress is slowly destroying the Financial Fabric of Indian Economy and SEBI is out to destroy the Competition that it is going to be faced in the form of / from MCX-SX by NSE and BSE. Here NSE is the most vulnerable of the two.
MCX-SX showed it strength in Commodities as well as Forex segment and it seems that NSE is afraid that MCX will take away most of its bread-butter and jamming (Trading) income as and when MCX starts it's Equity / Futures / Options segment for public.
The reason for discontinuing Mini Contracts as given by SEBI
The move was aimed to discourage small investors from getting attracted to these instruments.
Wow what a timing to discontinue the mini contracts. MCX-SX to start its Equity / Derivatives segments soon.
It's in public domain that undue advantage was given to NSE in terms of ownership while MCX-SX application to start its Equity / Derivatives segment was delayed by SEBI in one pretext or the other.
Only When MCX knocked the doors of SC, that's when things started moving from SEBI's side.
But the question is Why and on What basis did SEBI decide that Mini-Futures Contracts will not be available to small investors?
Is SEBI acting arbitrarily in its decision? or is the decision taken so that MCX-SX does not have the distinct advantage of mini-futures contracts?
Well! we will never know the real reason for this action.
Bye
MCX-SX showed it strength in Commodities as well as Forex segment and it seems that NSE is afraid that MCX will take away most of its bread-butter and jamming (Trading) income as and when MCX starts it's Equity / Futures / Options segment for public.
The reason for discontinuing Mini Contracts as given by SEBI
The move was aimed to discourage small investors from getting attracted to these instruments.
Wow what a timing to discontinue the mini contracts. MCX-SX to start its Equity / Derivatives segments soon.
It's in public domain that undue advantage was given to NSE in terms of ownership while MCX-SX application to start its Equity / Derivatives segment was delayed by SEBI in one pretext or the other.
Only When MCX knocked the doors of SC, that's when things started moving from SEBI's side.
But the question is Why and on What basis did SEBI decide that Mini-Futures Contracts will not be available to small investors?
Is SEBI acting arbitrarily in its decision? or is the decision taken so that MCX-SX does not have the distinct advantage of mini-futures contracts?
Well! we will never know the real reason for this action.
Bye
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