Day Trading Stocks & Futures

[TraderRavi]

are Supreme court verdicts today in mkt hours and is there a reason for mkt to cheer or boo them ?

which verdict ?

 

[vikas2131]

Nifty50 may have made a short-term top near 12,000 levels
There are multiple confirmations that the Nifty might have formed a very short-term top just above 12000, and support are seen near 11,740.


The Indian benchmark index stalled near 12,000 levels as profit booking intensified at higher levels. The Nifty50 has created an ‘Evening Star’ kind of candlestick pattern on November 8 on the weekly charts which is a bearish pattern.

The trendline from the lows of September and October has been breached as the Nifty closed below the said trendline. On the downside, the level of 11,740 will act as a major support zone and, on the higher side, 12,000-12,040 may work as resistance.

The Nifty50 just closed at the 20-day weighted moving average which is currently placed at 11,838. There are multiple confirmations that the Nifty might have formed a very short-term top just above 12,000, and support is seen near 11,740.

https://www.moneycontrol.com/news/b...short-term-top-near-12000-levels-4637191.html

Everybody is looking at same 11700 support. I doubt that would survive.

 

[TraderRavi]

lookslike IRCTC result not as per expectation.

 

[travi]

which verdict ?

news headline i'd read was similar, didn't know which cases.

They're on Sabarimala, Rafale and Rahul's contempt.

Going by gut, mkt koi farak nahi padega

 

[TraderRavi]

crude kamina 17k loss so far this month

 

[vikas2131]

news headline i'd read was similar, didn't know which cases.

They're on Sabarimala, Rafale and Rahul's contempt.

Going by gut, mkt koi farak nahi padega

Anything could happen with any particular stock but index trading is fine until budget.

 

[TraderRavi]

Everybody is looking at same 11700 support. I doubt that would survive.

May be 11500-600 zone will give support

 

[vikas2131]

crude kamina 17k loss so far this month

Not a good year for swing either. Has been consolidating for months.

 

[vikas2131]

May be 11500-600 zone will give support

Around 11500 is what i feel but would not be surprised if go below 11500 just to trap more ppl on short side and then move higher.

 

[Smart_trade]

ye pagal ho gaya stock
RNAM also 3% up. why so much buying in AMC's ?

Market is giving higher valuations for companies which have 5-6 years of clear growth trajectories...that is why AMC stocks and insurance stocks are going up continuously...

Smart_trade