Day Trading Stocks & Futures

[mohan.sic]

see my post in discount brokerage thread...

loss is obvious but hope it does not effect the operations ahead. Now I placed payout from 2 discount brokers ( equity segment ), have to see if I will receive timely payout or no.....

 

[sanju005ind]

@sanju005ind can we call this virtual high bro?

Not in the strict sense.I am posting the original post from STda for your reference.

NF is in downtrend, it takes a rally and makes rally top at A. Then the decline starts and the market goes down.The market gathers strength at the decline bottom and stages another rally and goes to B....now observe carefully.Bar marked B is a bullish candle and it closes in the wick or tail area of bar A....this means that the bulls tried their best to take the market up and break top A but they lost their power and could not push it up any further. This is virtual high and when low of bar B is cracked, it means the market is reversing its direction....so we sell short.

The same pattern happened at the bottom. Look at C and D and there reversal was indicated. This gives a very high RR trade and one can catch the reversal at almost high/low point.
Look at A,A' and B and see how at a resistance zone a reversal is indicated.B is closing in the wick/tail of A and A' and triggering virtual high reversal once low of B is cracked.

 

[travi]

RIL 10%

 

[Romeo1998]

big player yesterday shorting 9100 CE

and then today covering that whole shorted 9100 ce

white player using white algo i using indian algo for understand them

 

[vikas2131]

big player yesterday shorting 9100 CE
View attachment 42000

and then today covering that whole shorted 9100 ce
View attachment 42001

white player using white algo i using indian algo for understand them

Expecting move to continue higher towards 9500-9700 ?

 

[Romeo1998]

Expecting move to continue higher towards 9500-9700 ?

Yes Sir, i am expecting tomorrow gap up opening, but positional trades r very risky, above charts r only daily OI, weekly oi is different story...
according to weekly oi, good ressitance is at 9200 9300 n 9400 levels.., n according to price chart also good resistance is at 9350-9400....
so price will either fall from 9350-9400 OR become slow there , n then move up..
this is weekly OI...

 

[vikas2131]

BAJAJ FINANCE on Radar

RSI TRIPLE +Ve Divergence

Might Blast Big

 

[MSN1979]

Not in the strict sense.I am posting the original post from STda for your reference.

View attachment 41999

NF is in downtrend, it takes a rally and makes rally top at A. Then the decline starts and the market goes down.The market gathers strength at the decline bottom and stages another rally and goes to B....now observe carefully.Bar marked B is a bullish candle and it closes in the wick or tail area of bar A....this means that the bulls tried their best to take the market up and break top A but they lost their power and could not push it up any further. This is virtual high and when low of bar B is cracked, it means the market is reversing its direction....so we sell short.

The same pattern happened at the bottom. Look at C and D and there reversal was indicated. This gives a very high RR trade and one can catch the reversal at almost high/low point.
Look at A,A' and B and see how at a resistance zone a reversal is indicated.B is closing in the wick/tail of A and A' and triggering virtual high reversal once low of B is cracked.

thanx

 

[tortoise]

This was the news

With the MCX announcing a price of –Rs 2,884 (minus) as settlement of the April crude oil contract which expired yesterday, more than 100 brokers are estimated to have lost over Rs 450 crore. Hardly 12-15 brokers, most of whom are algo players, have got credit, according to reliable information.

.....

https://www.business-standard.com/a...rude-oil-settlement-issue-120042101760_1.html

Please can an informed party please share their thoughts on this? Why does a contract on a commodity exchange in India reference the price of a physically settled commodity delivered to the middle of nowhere USA? How does this contract even hedge any party's commodity price risk in India? If it serves little to no purpose as an instrument for risk management what is its purpose other than speculation and why is it even permitted by the regulators?

Why is there no locally physically settled contract available and traded? Using WTI/Brent or any other middle eastern / Singapore benchmark only seems to display the sheer laziness of all parties involved.

Disclaimer: I've never traded commodities on any exchange anywhere.

 

[siddhant4u]

Please can an informed party please share their thoughts on this? Why does a contract on a commodity exchange in India reference the price of a physically settled commodity delivered to the middle of nowhere USA? How does this contract even hedge any party's commodity price risk in India? If it serves little to no purpose as an instrument for risk management what is its purpose other than speculation and why is it even permitted by the regulators?

Why is there no locally physically settled contract available and traded? Using WTI/Brent or any other middle eastern / Singapore benchmark only seems to display the sheer laziness of all parties involved.

Disclaimer: I've never traded commodities on any exchange anywhere.

because that's what the definition of Crude on MCX is

Due date rate shall be the settlement price, in Indian rupees, of the New York Mercantile Exchange’s (NYMEX)# Crude Oil (CL) front month contract on the last trading day of the MCX Crude Oil contract.


To delivery settlement of WTI and/or Brent means both producers and consumers has to be on exchange. In Indian market you won't get oil exploration firms. and that's why it's "financial derivative" which derives indian rs prices from WTI Crude from NYMEX.