UNITED STATES OF BANKNIFTY
- Thread starter Top_Massage
- Start date
OK guys .... Let's just focus on few things now:-
-- We are currently at a position where we will have to take some clues from NIFTY. Please be aware that ideal target of 11250 has been completed today.
-- Now, it is to be seen if NIFTY can blast past crucial point of 11250 (+ / - 20 points).
-- If it couldn't cross beyond this tiny range then we need to be cautious. This will give us some clue regarding Banknifty too.
-- Coming back to Banknifty, keep an eye on 28250 (+ / - 50 points). Crossing and staying above it will ensure higher targets. But, if fails to do so, then we may see 28150 or 28000 again.
-- For those high risk traders who love trading post 2 PM. Today is Tuesday, second half may give one BIG opportunity. Two time triggers for today are 2:15 PM or else 2:30 PM.
-- Please be aware of intraday premium erosion.
Choose wisely .. Try to confirm the intention of market before entering ..... Good luck to all ....
Disclaimer: This forum is meant for educational purposes ONLY.
-- We are currently at a position where we will have to take some clues from NIFTY. Please be aware that ideal target of 11250 has been completed today.
-- Now, it is to be seen if NIFTY can blast past crucial point of 11250 (+ / - 20 points).
-- If it couldn't cross beyond this tiny range then we need to be cautious. This will give us some clue regarding Banknifty too.
-- Coming back to Banknifty, keep an eye on 28250 (+ / - 50 points). Crossing and staying above it will ensure higher targets. But, if fails to do so, then we may see 28150 or 28000 again.
-- For those high risk traders who love trading post 2 PM. Today is Tuesday, second half may give one BIG opportunity. Two time triggers for today are 2:15 PM or else 2:30 PM.
-- Please be aware of intraday premium erosion.
Choose wisely .. Try to confirm the intention of market before entering ..... Good luck to all ....
Disclaimer: This forum is meant for educational purposes ONLY.
Absolutely sensational stuff ....... Big movement .... Big profit ..... The level of 11250 (+ / - 20 points) in NIFTY and 28250 (+ / - 50 points) in Banknifty became support (which were initially resistance before they were broken during morning will full force) ..... Patience worked very well .... Waited till 2:20 PM ....... bought at low premium ... sold at high ..... almost 60% gains within minutes.
Banknifty adbhut avishvasniya akaalpniya ......
Great day today .... Great money ... Thanks all for kind wishes .....
Disclaimer: This forum is meant for educational purposes ONLY.
Banknifty adbhut avishvasniya akaalpniya ......
Great day today .... Great money ... Thanks all for kind wishes .....
Disclaimer: This forum is meant for educational purposes ONLY.
BANKNIFTY MASTER PLAN POST BIG RALLY:
Alright guys, let's just focus on our next plan:-
-- Just like 27500 was a crucial level few days ago, now it's the level of 28500 (+ / - 50 points) which will decide the fate of Banknifty in near future. It is a highly important spot level. It's like a junction on the highway.
-- Staying above 28500 (+ / - 50 points), we can go up. Staying below this level, we may slip back to today's deciding level of 28250.
-- The previous spot level of 27500 gave multiple opportunities to earn big money on several occasions. We were able to capture those timely opportunities. Hopefully, we will catch them this time too somewhere around 28500.
-- These days, the most common issue with majority of intraday traders is that they are unable to find out what the market is trying to do and which way it will go. Many of them end up choosing the wrong direction and rest you know what happens.
-- As per my own experience, I can share few Do's and Don'ts with you guys:-
1. DO NOT rely too much on global cues each and every day. A lot of times, NIFTY does opposite to DOW, DAX, HANG SENG, NIKKEI, etc etc. I have myself witnessed traders getting shocked by seeing nifty and Dow going opposite directions. And then they have no clue what to do. They should rather focus on important support & resistance levels of NIFTY only.
2. DO remember one of the most important rules of intraday trading that if a crucial 'Resistance' is crossed and surpassed decisively, then that same level becomes 'Support'. Similarly, if a crucial 'Support' gets breached decisively, then that becomes 'Resistance'.
3. DO wait till the very end if you are not sure which way market is heading towards. At least, you won't be on losing side.
4. DO stay firm with your analysis, decision making or planning. Confused mind can lead to losses. Trade with free mind.
5. DO pay attention towards intraday premium erosion. It's not just about being on right side and buying options blindly. But it's also about buying options at right time. What most traders don't realise is that buying a Call or Put at 11 AM or 12 PM can sometimes be less profitable as compared to buying the same contract at 2:15 PM or 2:30 PM or 2:45 PM. The key is to wait for cheaper premium and gaining maximum profit.
OK guys ..... Best of luck for tomorrow's session .... Thanks
Disclaimer: This forum is meant for educational purposes ONLY.
Alright guys, let's just focus on our next plan:-
-- Just like 27500 was a crucial level few days ago, now it's the level of 28500 (+ / - 50 points) which will decide the fate of Banknifty in near future. It is a highly important spot level. It's like a junction on the highway.
-- Staying above 28500 (+ / - 50 points), we can go up. Staying below this level, we may slip back to today's deciding level of 28250.
-- The previous spot level of 27500 gave multiple opportunities to earn big money on several occasions. We were able to capture those timely opportunities. Hopefully, we will catch them this time too somewhere around 28500.
-- These days, the most common issue with majority of intraday traders is that they are unable to find out what the market is trying to do and which way it will go. Many of them end up choosing the wrong direction and rest you know what happens.
-- As per my own experience, I can share few Do's and Don'ts with you guys:-
1. DO NOT rely too much on global cues each and every day. A lot of times, NIFTY does opposite to DOW, DAX, HANG SENG, NIKKEI, etc etc. I have myself witnessed traders getting shocked by seeing nifty and Dow going opposite directions. And then they have no clue what to do. They should rather focus on important support & resistance levels of NIFTY only.
2. DO remember one of the most important rules of intraday trading that if a crucial 'Resistance' is crossed and surpassed decisively, then that same level becomes 'Support'. Similarly, if a crucial 'Support' gets breached decisively, then that becomes 'Resistance'.
3. DO wait till the very end if you are not sure which way market is heading towards. At least, you won't be on losing side.
4. DO stay firm with your analysis, decision making or planning. Confused mind can lead to losses. Trade with free mind.
5. DO pay attention towards intraday premium erosion. It's not just about being on right side and buying options blindly. But it's also about buying options at right time. What most traders don't realise is that buying a Call or Put at 11 AM or 12 PM can sometimes be less profitable as compared to buying the same contract at 2:15 PM or 2:30 PM or 2:45 PM. The key is to wait for cheaper premium and gaining maximum profit.
OK guys ..... Best of luck for tomorrow's session .... Thanks
Disclaimer: This forum is meant for educational purposes ONLY.
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