Day Trading Stocks & Futures

[Raj232]

Made Rs 400 today after drawdown of Rs 800 in 10 mins

Only problem is that I cannot follow what I say.. hardly use stop loss.. that's risky.
another 5 mins later, I see that I could have made at least Rs 6000 had I had stayed on for 5 mins more

.. i think this is sufficient for today.. I'll eat some extra bhajji and vada pav for snacks with this extra.. No more trade today !!!

 

[Shiv12345]

It is so so so easy for Banknifty these days to surpass 1% intraday (and almost every day) ... Easy task .... Funny

 

[Shiv12345]

Big Dhamaal ... BN 27400 CE bought at 95 ... Sold just now at 154 .... Jai ho BANK NIFTY .....

 

[onequorauser]

Meanwhile, please beware of abnormally high premiums on both sides of Banknifty options. As per my experience, this normally happens just a week before Budget. As soon as Finance Minister's Budget speech would get over, all the extra premium would be gone with the wind. Then only market decides which way to go. The same thing happens just before every RBI monetary policy event day. This is nothing but meaningless buying of both PE & CE and also over speculation. Watch closely!!

Actually I have noticed this too. For a short period I contemplated playing a short strangle but the problem is unlike an obvious decision from a few of previous RBI meets, the post budget might be a run in one direction in which case, buying a staddle seems to be a better option. The catch here being, as you mentioned, high premiums built into the current prices

 

[Raj232]

BankNifty from 27300 at 10.47 to 27430 at 10.56
less than 10 mins and more than 130 points up intraday ... avishvasniya

BankNifty is only 0.16% down while Nifty index is at no-profit no-loss level. what happened to the sharp correction ??

 

[Shiv12345]

BankNifty from 27300 at 10.47 to 27430 at 10.56
less than 10 mins and more than 130 points up intraday ... avishvasniya

BankNifty is only 0.16% down while Nifty index is at no-profit no-loss level. what happened to the sharp correction ??

Seriously guys .... VIX looks frightening now.

 

[timepass]

Seriously guys .... VIX looks frightening now.

I guess it means more fun for the option traders

 

[Raj232]

Seriously guys .... VIX looks frightening now.

Why frightening ? its 17 level today
in Nov 2016 Vix was 22 level .. and Dec 2016 till date ... non-stop bull run ..

 

[Shiv12345]

Which one looks safe investment? NIFTY (March expiry) 10700 PE (now @ 110 approx) or else NIFTY (March expiry) 11400 CE (now around 120) .... ?? One of them will slam 500 for sure. I have taken one 10700 PE hoping that February may witness some retracement post budget.

 

[Raj232]

Which one looks safe investment? NIFTY (March expiry) 10700 PE (now @ 110 approx) or else NIFTY (March expiry) 11400 CE (now around 120) .... ?? One of them will slam 500 for sure. I have taken one 10700 PE hoping that February may witness some retracement post budget.

Somehow I feel 10700 PE and 11400 CE are too far from current levels, mostly I'm wrong but my feel is Nifty should retrace 300-400 points post budget. My bet is 10900 level will be hit before budget.

After budget cannot say as it might take a certain direction and move 400-500 points either side.

However in case the budget is a good one, then another 400 -800 points upmove.. my fingers are crossed .. only small intraday trades as of now.