Day Trading Stocks & Futures

[sumosanammain]

There are no buyers in Indian market currently.. its just falling like a pack of cards...

It's fallen about 60 points... That's routine. When it goes up 60 points, no one says there are no sellers and the markets are going up like a rocket. Movement is movement. These emotions kick in when positions are involved. I am not implying that you were long, just trying to put across a point that this is how traders think. Most remain in this pattern till they drain a few accounts and eventually give up.
Traders need to condition themselves to look at movement just as movement.

 

[Raj232]

It's fallen about 60 points... That's routine. When it goes up 60 points, no one says there are no sellers and the markets are going up like a rocket. Movement is movement. These emotions kick in when positions are involved. I am not implying that you were long, just trying to put across a point that this is how traders think. Most remain in this pattern till they drain a few accounts and eventually give up.
Traders need to condition themselves to look at movement just as movement.

One can go long Intraday above 22222 level on BankNifty Futures (which is actually a stop loss level) ... till then it is a short position.
The trick is .. it will show 1 or 2 green candles and then large red candles.. !!!

 

[P G JATHIN KUMAR]

Bank nifty near demand zone.

 

[primitivetrader]

NF 5M

zones marked as an imp in the above chart worked well. and gave good long

 

[Raj232]

One can go long Intraday above 22222 level on BankNifty Futures (which is actually a stop loss level) ... till then it is a short position.
The trick is .. it will show 1 or 2 green candles and then large red candles.. !!!

Remember .. we are now down 600 points from the high on BankNifty Fut. ...
Cannot say there will be a V shape recovery intraday.. usually it remains flat and falls during the second half...

 

[sumosanammain]

One can go long Intraday above 22222 level on BankNifty Futures (which is actually a stop loss level) ... till then it is a short position.
The trick is .. it will show 1 or 2 green candles and then large red candles.. !!!

I was not talking about longs or shorts or levels. Just an observation on the way you had termed a 60 point movement .
I don't even trade banknifty.
Though your analysis was right

 

[Raj232]

Europe has opened 1.5% in Green .. V shape recovery possible in Indian Market..

 

[midhoo]

@Romeo1998 Please analyse OI now. I think bears exhausting.

 

[Romeo1998]

@Romeo1998 Please analyse OI now. I think bears exhausting.

yes, now bears are more and bulls are less

 

[Romeo1998]

@Romeo1998 Please analyse OI now. I think bears exhausting.

most of the PE shorts added today got covered today itself, nifty became from strong bullish to light bearish....