Day Trading Stocks & Futures

iwillwin

Well-Known Member
first time in more than a decade I have not checked intraday charts of index or done day trading.
completely switched over to CNC and enjoying more than day trading.
A couple of models which I have made, to understand and analyze the general market trend are getting tested and giving decent results, as the current market is the best time to see whether my models are working or not.
fundamentals are my weak point but have found a way around them and looking for some basic stuff along with charts to time my entry.
hopefully in coming years i will keep doing this
Now started looking different indices chart to understand sector rotations, one has to trade the leaders in those sectors as liquidity is good...this is purely for momentum kind...for investment I prefer blue-chip where there is less draw down and peace of mind...
 

iwillwin

Well-Known Member
sir mujhe maanlo mandi ka indicator, so far my best trades are always played in mandi. :p mein ye forum pe prakatt bhe mostly mandi k time he hota hoon.

international market is waiting for Christmas and new year to get over, because they dont want to destroy their festive season. let this December pass and see the magic of new corona. i am waiting for mandi since march 2020.
Kinare pe rahoge to Laharon (bull and bear) ka maza kese loge
 
The question everyone is finding an answer is "how deep this correction will go and how long it will continue" Though no one has any definitive answer to this question I am trying to do some analysis for my own investments.

So far we have corrected about 8-9 % in Nifty from the top and that is a very flattish correction. Normally we get over 10 -12 % correction every year and in some years it could go to even 20 % from the top.....so some more correction is possible particularly when the new Corona variants are raising their head all over the world and the event of Fed tapering is upon us.

The upmove was from April 2020 to October 2021 so 19 months so the normal correction will take 4-6 months timewise ( we just did 2 months so far ) .Experience so far shows that when an expansionary phase starts the central banks start tightening the liquidity after about 12 to 15 months. Whenever central banks have tightened the liquidity in past there is a knee jerk reaction for next 3-4 months and the FIIs,leveraged investors sell and the market comes down....so that phase is going on and will continue for 3-4 months more....after that the upmove resumes and continues for some more years....so we have to trade this bearish phase for 4-6 months more before there is a sign of any upmove.So the market will continue its meandering downmove for some more time in my view as the correction has do pricewise and timewise completion. I am buying in large dips but in a controlled way knowing fully well that we have to endure this correction for 3-4 months more and 5-7 % price damage more......

Investors may do their own analysis before taking any investment decisions.....
 
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NS in the coming day may penetrate 29-11-21 low. lots of institutional selling is happening across the board
CNXIT is the sector to watch out for strong outperformance and with rupee depreciating IT going to give good trades.
intraday low has undercut 29-11-21 low.
Idea is looking great idea to buy some more
 

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