Day Trading Stocks & Futures

[Shiv12345]

I agree. One may get ample time to ENTER and EXIT in Nifty options. Whereas in BN trades, flow is usually so fast that it becomes difficult to catch the trades on some days.

But dont forget compared to Nifty, Banknifty is अद्भुत अविश्‍वसनीय अकल्‍पनीय
However, I would recommend Nifty on any normal day because that is more stable with stable profits

True. I agree.

 

[Shiv12345]

Hmm ... I see .... It's a tricky situation. I suppose now that all prominent TJ members are on a short break and are busy in fine tuning their strategies, then naturally volumes would be low in Nifty and Banknifty for the next week or so.

 

[Satya.]

Here we go, my first trade for today. Bought ONIONS 25 CE (June expiry) around 24. Target is 30. Stop Loss 21. Will look to sell before 3:30 PM today. Markets can move big today during second half. Please suggest if I should hold ONIONS till tomorrow or should I cook them and make bhaaji?? Thanks

awsm bro,I became ur fan..jabra fan..
i too took d same contract, i entered 2 see a pullback,then keep adding,today was d best day in my Onion Career
here's my screenshot-

 

[Raj232]

Yes.It is 3 Strikes OTM.

The secret would be to hold on till the end. That's where the real profit is .. .. or keep booking profits from time to time..
From Rs 40 to 60 .. to 100 .. to 160.. now on seeing the charts, it looks like gap up tomorrow morning...

In a real good upmove over 3-4 days... the 800 away strike was the ideal one.. Rs 500 point strike away would be less ideal.
In this case, 27000 CE went from Rs 18 to Rs 97.. approx 5.4 times .. approx 600 strike away
compared 23800 CE went from Rs 38 to Rs 177 .. approx 4.7 times

 

[Shiv12345]

Here we go, my first trade for today. Bought ONIONS 25 CE (June expiry) around 24. Target is 30. Stop Loss 21. Will look to sell before 3:30 PM today. Markets can move big today during second half. Please suggest if I should hold ONIONS till tomorrow or should I cook them and make bhaaji?? Thanks

awsm bro,I became ur fan..jabra fan..
i too took d same contract, i entered 2 see a pullback,then keep adding,today was d best day in my Onion Career
here's my screenshot-

Hahaha ..... Awesome entertainment

 

[Satya.]

Onions CE traded .. today ?? which exchange.. ?? good profits..
Unable to find onions18jun25ce in Z

dats d Onion Secret
u cant find it in Z...get another broker

 

[rjshem]

I'm doing good. Not very actively trading, doing some night shifts at office and lack of sleep for the last 2-3 months. So trading has been in a hurry and few small losses and gains.. so overall been just flat. Will be taking a short break of 2 weeks .. company training for new work coming in .. will study some more and fine tune trading

Sleep is very essential if u want to age gracefully and also trade with calm mind (a lot of good trading involves your mind) .try to get atleast 6 to 8 hours of sleep daily .even if u can manage some power naps around ur work will be good. Do not trade when ur too stressed market will always be there.Good health is the biggest wealth nothing is bigger than that .i know a couple of friends from iT industry who Accumulated big monetory wealth due to their high paying jobs but have turned diabetic(which cannot be reversed) in early 30s itself due to work nature of very very long hours sitting infront of system without proper sleep and excercise.im not saying bad about IT and job but saying we need give importance to our health and manage it better when we are young.

 

[Shiv12345]

I'm doing good. Not very actively trading, doing some night shifts at office and lack of sleep for the last 2-3 months. So trading has been in a hurry and few small losses and gains.. so overall been just flat. Will be taking a short break of 2 weeks .. company training for new work coming in .. will study some more and fine tune trading

Sleep is very essential if u want to age gracefully and also trade with calm mind (a lot of good trading involves your mind) .try to get atleast 6 to 8 hours of sleep daily .even if u can manage some power naps around ur work will be good. Do not trade when ur too stressed market will always be there.Good health is the biggest wealth nothing is bigger than that .i know a couple of friends from iT industry who Accumulated big monetory wealth due to their high paying jobs but have turned diabetic(which cannot be reversed) in early 30s itself due to work nature of very very long hours sitting infront of system without proper sleep and excercise.im not saying bad about IT and job but saying we need give importance to our health and manage it better when we are young.

Very well said. Health is wealth.

 

[Satya.]

getting -
diabets,
bp,
bald,
obesity
and bobo

r common dis days

 

[Shiv12345]

Fresh BANKNIFTY strategy for next week (as per my reading based on EW method):

Ok folks, hope you had a good weekend. The below levels and strategies might look odd and difficult to implement, but this is what EW is indicating me. Here it is:

1. Banknifty should ideally attempt to touch 26900 to 27000 levels once. But I am not sure if it will go there directly or in Zig Zag pattern.

2. Therefore, after subtracting almost 50% gains from Banknifty levels made on Friday. We should ONLY & ONLY BUY BN AROUND 26600 to 26630 levels for the target of 26900 to 27000 with a VERY VERY STRICT STOPLOSS of 26590. Buy only if you find strength in market. Take cues from global indices regarding signal.

3. Please note that 27000 to 27050 is a VERY VERY BIG WALL (resistance) for Banknifty. It has retraced from the same levels several times in the past couple of months or so.

4. I am not sure of shorting above 27100 levels but I may just go for shorting (provided Global cues give a negative signal too) somewhere around 27150 to 27200 with a VERY VERY STRICT STOPLOSS of 27300 to 27350 (only if I find exhaustion & weakness in BN). Above 27350 to 27400, BN may try to touch & surpass 27652 to give us a new All Time High.

5. Now this one is VERY IMPORTANT. Below 26600 level approx, there can be BIG DANGER. And if 26500 is also gone, then probably BN will try to reach low of last Friday i.e. 26364 approx and low of last Tuesday i.e. 26224 in the next week.

6. Hence, only if I find weakness & exhaustion in Banknifty below 26600 (provided Global indices give a negative signal too) , then I may just short BN with a VERY VERY STRICT STOPLOSS of 26750 (almost closing point of Friday). Target would be 26364 & 26224.

7. Guys, always use Stop Loss & Trailing Stop Loss even if your trade is in profit. And yes, we are into expiry week. Hence, it is going to be VERY VERY VOLATILE. We were at same level during last expiry also i.e. 26950 approx on 31st May. Hence, we may witness either a swift movement either side or a big gyration blowing away stoploss of both Bulls & Bears. If possible, always try to hedge.

8. The biggest mistake most of traders make is that they ENTER exactly in between STOPLOSS & ULTIMATE TARGET. Hence, the risk reward is really poor and they mostly exit in LOSS. Same goes for those people who enter exactly in the middle point of Support & Resistance.

All the best guys. GOOD LUCK to all. May God give you profits. Make good money.