Live Intraday Trades By Professional traders

[Vertigo_1985]

5th gap up day continuously, my first assumption is that we will have a gap up, sell then taking support near yesterdays levels.
IDFC gap up by about 10 % so we will have action there.
anyone have any idea how much services pmi data has affect on market ?

 

[Vertigo_1985]

selling strength is slightly more than previous days...

 

[ryan4ucar]

selling strength is slightly more than previous days...

yes many stocks are showing weakness

 

[Vertigo_1985]

based on nifty theme i recognized following possible plays (all paper trades) -
1. Shorting after gap up public banks like BOB.
2. a reversal trade after morning fall as our expectation was for nifty to take support, again high beta like BOB. Might have taken 2 chances to enter in actual reversal.
3. Long entry just sometime back now as nifty is making lower lows but stocks like BOB are not, pharma stocks are also showing strength and as they have been in focus these days we could have entered long in them in anticipation of upmove.

 

[ryan4ucar]

based on nifty theme i recognized following possible plays (all paper trades) -
1. Shorting after gap up public banks like BOB.
2. a reversal trade after morning fall as our expectation was for nifty to take support, again high beta like BOB. Might have taken 2 chances to enter in actual reversal.
3. Long entry just sometime back now as nifty is making lower lows but stocks like BOB are not, pharma stocks are also showing strength and as they have been in focus these days we could have entered long in them in anticipation of upmove.

seems like a good plan for ranging markets

 

[ryan4ucar]

a powerful bear trap couls be formed here for another uomove.... to early to say though

 

[ryan4ucar]

can buy some strong stocks going down now

 

[Vertigo_1985]

a powerful bear trap couls be formed here for another uomove.... to early to say though

many people here in traderji were looking for reasons to short last few days and market proved them wrong, today they were reluctant to short and it gave good move down.

 

[ryan4ucar]

long tata stell ongc and other as they came into powerful supports , nifty is a concern though , but i like the risk reward

 

[ryan4ucar]

many people here in traderji were looking for reasons to short last few days and market proved them wrong, today they were reluctant to short and it gave good move down.

its a classic when price is going up it looks like a bargain to sell , when its going down it looks like a bargain to buy