re: Day trading Nifty & Banknifty Futures
Now, here's the negative divergence that I was talking about, while it was forming. How does one trade options with that ?? A 4-5 point move down executes your PE order of "buy above", then a 4-5 point pullback in the index can take a 5900PE back even 2 rupees, hitting your SL.
You do define a stoploss, because you have seen the price reverse even if the oscillator is in neutral zone.
After all the ding dong, it takes the direction.