Day Trading Stocks & Futures

checkmate7

Well-Known Member
Interesting data ... Both DIIs and FIIs were net buyers today. Still we saw markets struggling. We may get to see some action on tomorrow's expiry. Apparently, EW is signalling that last corrective wave 'C ' is still making its way through complex correction. I am still waiting for formation of new impulsive wave '1'.

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What will happen when this new impulsive wave is formed???
 

Shiv12345

Well-Known Member
What will happen when this new impulsive wave is formed???
Hi .... To begin with, complex correction (as the name suggest) is hard to measure and predict. Ideally, one should wait till we see the clear start of new EW cycle i.e. formation of Wave '1'. Once we witness the formation of wave '1', we can easily identify wave 2, wave 3 and so on .....Hence, it becomes easier to make good money. Similarly, I shall only buy once I identify and confirm beginning of wave '1'. Thnx ...

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checkmate7

Well-Known Member

Shiv12345

Well-Known Member
Finally after quite a few days, Bank Nifty calls have shown some strength. Bought Bank Nifty (May) 22500 CE during morning around 123. Sold few minutes ago @ 199. The catch was if it could stay above 9400 for quite a while (and it did the same). However, since it is expiry, anything is possible from here.

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ap*

Well-Known Member
Have bought this dip in Bn and Nifty with sl at BRN for both. Target is new ATH. Have bought calls only to limit and control the risk. Looking at the pricing of puts and Iv maybe the bears are in for one last painful wave up ;).
Exit half and holding the rest for free. Thank Tuna Bhai again. The magic of the daily STI prevails yet again :).
 

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