Day Trading Stocks & Futures

[Raj232]

Bank Nifty -3.36%
Bearish engulfing

NIFTY -2.43% Bearish Engulfing < previous 6 days closing levels.

Yes, Surely is bearish engulfing.. and many traders are trapped... more downside is possible. especially since news can also trun bad...

 

[Raj232]

beautiful banknifty breaking many hearts n supports today

Banknifty played the game very well... it looks like it is going up.. and suddenly after 12 or 12:30 the selling started when all were buying ... hoping it was a low..
Most tipsters are also in loss today.. none of the tips worked as all tips were on long side... market took a sharp turn and surprised everyone...

 

[Raj232]

Not sure if this chart can play out.. but anything is possible...

 

[Romeo1998]

There was one trader here Shiv who use to trade using EW just like you in BNF......uski yaad dila di tumne

View attachment 44531

Not sure if this chart can play out.. but anything is possible...

bnf is going out of chart n going in minus, just like crude

 

[sridhga]

Banknifty played the game very well... it looks like it is going up.. and suddenly after 12 or 12:30 the selling started when all were buying ... hoping it was a low..
Most tipsters are also in loss today.. none of the tips worked as all tips were on long side... market took a sharp turn and surprised everyone...

If you look deeply it is the same ping-pong it was playing for several weeks now during close. But only this time the range is much bigger. It is the same drama that plays out every Wed and Thu.

But today it was not like it was erratic or something. It did trend well and clearly. It also played in narrow range intermittently. Overall, it was tradeable.

But yesterday, it had displayed very high volatility, presumably due to the Supreme Court hearing. But after the Court postponed the decision, it trended up very well and clearly. It did give time for traders and the intermittent trend was clear.

Both were good days for trading.

 

[Raj232]

If you look deeply it is the same ping-pong it was playing for several weeks now during close. But only this time the range is much bigger. It is the same drama that plays out every Wed and Thu.

But today it was not like it was erratic. It did trend well and clearly. It also played in narrow range intermittently. Overall, it was tradeable.

But yesterday, it had displayed very high volatility, presumably due to the Supreme Court hearing. But after the Court postponed the decision, it trended up very well and clearly. It did give time for traders and the intermittent trend was clear.

Both were good days for trading.

Agreed, Yesterday premium erosion was there after 12 Noon.. so even duing poing pong, profits were minimum.
Today was a good day.. but quite risky... The 9:30 AM - 10 AM .. sharp upmove.. was the reason that everybody was thinking about long side. Otherwise... it was a great day to trade the trend.

Needless to say approx 60 K could have turned to 7.5 Lacs..

 

[tradermodified]

Today
bearish engulfing candles in N50, BN
but
what was y'day
bullish engulfing candles

 

[Raj232]

Today
bearish engulfing candles in N50, BN
but
what was y'day
bullish engulfing candles

Yes,but todays bearish engulfing candle is bigger than the bullish engulfing candle.
Todays move was a whopping 1000 points in Banknifty (between high and low)

Banknfity futures:

 

[tradermodified]

Yes,but todays bearish engulfing candle is bigger than the bullish engulfing candle.
Todays move was a whopping 1000 points in Banknifty (between high and low)

Banknfity futures:
View attachment 44533

even yesterday wala, was not a small one,
811 points hi-lo
btw, many times even a small candle work wonders

 

[tradermodified]

BNF
my reading is
if BNF manages to reach 23200 around by a gap up or by an up move,
then will move for 23400 in no time

ltp 23036