Day Trading Stocks & Futures

still feel the upside pending for the expiry. todays trade is small ( after yesterdays backstabbing :D ) long in nifty calls and maruti.

the premiums of the 23rd may expiry options are unbelievable
Hello KK

What would the best BNF strikes for short straddle/straggle (23rd May)



Well-Known Member
Is the worst over for SBI? Brokerages see up to 30% upside post Q4 results
CLSA maintained its buy rating on SBI post March quarter results but raised its target price to Rs 390 from Rs 380 earlier.

Reacting to the results, Nomura maintained its buy rating on SBI and raised its target price to Rs 400 from Rs 375 earlier which translates into an upside of about 30 percent from Friday’s closing price of Rs 308.

Valuations are reasonable for SBI at 0.8x amid improvement in profitability. The performance was solid in Q4 and with improvement in asset quality is a positive sign, said the note.

In absolute terms, the gross NPA was down to Rs 1.72 lakh crore from Rs 1.88 lakh crore, while net NPA was at Rs 65,895 crore against Rs 80,944 crore, QoQ.
SBI might have formed a bottom.. upmove is pending since long :)


Well-Known Member
I just checked the afternoon posts. There were some charts by vikas, showing the channel, but nothing said about Downtrend.

Anyway, all of us say a lot about markets here. Sometimes correct and sometimes wrong.
I looked at the pattern & my comment is - EOD charts and chart patterns look very meaningful. Post mortem chart analysis is pointless. Be it any time frame, if you look at a closed chart, you can always find meaningful patterns. The more artistic the trader is, the more patterns he can find.
further to these comments, here's my two cents worth.......
i dont follow charts much but have seen what you said happening. other than that we also have many traders ( me included ) after having learnt a lot of strategies trying to use multiple such strategies in their trading, we may take a position in one strategy and when the position starts to go against us , some of us try to hold on a bit longer justifying our decision by finding some pattern/ support from other stratgegies and this usually ends up in higher losses. for eg is we buy using gann and have decided a sl using gann, but when the position starts approaching the sl we will try to find lower supports using fibo / camarilla etc to justify to ourselves that our decision had been correct and that the market eventually turn in our favour .
i have been a victim of this for a long time and had stopped. but even now , there are some instances when i am still a victim to this. it is the psychology screwing our minds :D and its a hard task to control it which we should
Say u have one stock/index closed at 100 today and next trading day it opens at 110 and moves higher or opens at 90 and goes lower both cases if closing is above open/below open it creates a gap indicating lot of momentum in that direction....
Market have an uncanny habit of revisiting these lost grounds and hence we call it gap filling
Today bnf opened positive by 58 points. What does it mean..please clarify

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