Day Trading Stocks & Futures

vikas2131

Well-Known Member
19 june 23:30 FOMC statement
FOMC would be hawkish, i feel . The market is near all time highs and bonds need help . Reason long end is crashing is market thinks 3 cuts coming so they’re trying to front run Fed. By FED being hawkish will snap long end back up without changing short end of curve. Cutting rates would actually make inverison worse .Will immediately eliminate inversion & shock markets back to reality.
 
Trade wars,NBFC credit issue,Dewan Housing,Jet Airways, is causing bulls to take a pause and not buy aggressively. They know that they can buy in a market which will be grinding down slowly if they are patient in deploying their funds...

Bears are frustrated because the market is not falling fast enough.

Time to do our accounts calculations and IT return filing work...

Smart_trade
 

kharikumaar

Well-Known Member
30250 spot is support and yesterday low.
If it doesn't break then can have recovery till 30500.
It just broke while typing.
should have stopped typing. at least then it may have recovered. :D

i'll still wait for 233 on futures. and i have next week options which is currently down 7 rs from purchase. if need be i also hold till the next support if i feel the market movement down is not strong but only sl hunting move. else i will cover.
 

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