Day Trading Stocks & Futures

Why on Monday Nifty has fallen 12-13% while week before that Nifty was appearing to made short term bottom around 7800-8000. Nifty was very much resisting to go below 8000 before that. But on monday Nifty opened around 1000 point gap down, Only explanation can be lockdown news was leaked to Big guys , so the kneejerk reaction.

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In case you didnt notice, world markets are in a downward spiral since a month due to epidemic called corona. Indian markets were following suit and "market going down" was not a news anymore.

After modi's announcement of "nationwide lockdown" (which happened on Tuesday 8 pm, in case you missed it) most experts predicted a "bloodbath" next day. That didnt happen next day or the day after.

Lets not blame the "big guys" when there is no point to make :)
 

checkmate7

Well-Known Member
So

Sometimes I feel these economic numbers are all nonsense. Market goes up when it wants to and goes down when it wants to.
Just wait and watch the show :) :)
 

siddhant4u

Well-Unknown Member
In case you didnt notice, world markets are in a downward spiral since a month due to epidemic called corona. Indian markets were following suit and "market going down" was not a news anymore.

After modi's announcement of "nationwide lockdown" (which happened on Tuesday 8 pm, in case you missed it) most experts predicted a "bloodbath" next day. That didnt happen next day or the day after.

Lets not blame the "big guys" when there is no point to make :)
Only time could tell if this is recovery or pullback. Indices falling 5-7% every day so could go up by same amount too.

meanwhile whoever bought at low are booking profit too as 20-30% return in blue chip stocks in 2 days is not 'normal'
 

TraderRavi

MM is the holy grail

TraderRavi

MM is the holy grail
Hot Stocks | 'Buy IDFC First Bank, Concor for 11-19% return in short term'


IDFC First Bank | Buy | LTP: Rs 21.90 | Target: Rs 26 | Stop loss: Rs 17 | Upside: 19%

In the recent fall, the stock has corrected more than 60 percent from the peak of Rs 48 to end below the Rs 20-mark.

Now at this juncture, the stock has been in a highly oversold condition on most of the time frames.

The stock has found support near Rs 18 mark, which is exactly the 161.8 percent Fibonacci retracement (golden ratio) of the entire rally from Rs 32 of October 2018 to Rs 57 of April 2019.

Traders are advised to buy the stock on the dip from Rs 21 to Rs 19 for the target of Rs 26 with a stop loss of Rs 17.

Container Corporation of India (Concor) | Buy | LTP: Rs 314.35 | Target: Rs 350 | Stop loss: Rs 260 | Upside: 11%

In a matter of fewer than 2 months, Concor corrected more than 50 percent from the peak of Rs 600 and registered the low of Rs 262 in the recent session.

During the process, the stock retested Rs 265-mark, which is the placement of the 100-quarter exponential moving average.

The support of 100-quarter exponential moving average has never been breached since the year 2003 and the stock rebounded sharply from there.

Any dip from here is a buying opportunity for the short-term traders till the stock stays above that level.

Traders are advised to buy the stock on a dip near Rs 290 for the target of Rs 350 with a stop loss of Rs 260.

Infosys | Sell | LTP: Rs 640 | Target: Rs 530 | Stop loss: Rs 710 | Downside: 17%

Recently, there was a breakdown in Infosys below the Rs 630-mark from a pattern that resembled a bearish head and shoulder.

Thereafter, the stock tumbled towards Rs 520-mark and is now again above Rs 630 levels.

The theoretical target of the pattern is placed around Rs 450 and the recent rise could be just a pullback of the fall.

The reward-to-risk ratio looks highly lucrative to go short for short-term traders. Traders are advised to sell the stock on near Rs 650 for the target of Rs 530 with a stop loss of Rs 710.

https://www.moneycontrol.com/news/b...r-for-11-19-return-in-short-term-5076911.html
 

TraderRavi

MM is the holy grail
ESAF Small Finance Bank receives Sebi approval to float IPO

Kerala-based ESAF Small Finance Bank has received Sebi's approval to launch an initial public offering (IPO). Sebi issued the final observations to the lenders' proposal on March 20, 2020, according to the information published on regulator's website.

The company had filed its Draft Red Herring Prospectus (DRHP) on January 6, 2020, for its Rs 976 crore IPO. The book running lead managers to the offer are Axis Capital, Edelweiss Financial Services, ICICI Securities and IIFL Securities.
 

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