MCX Crude is up for a big move if unable to close above 3350 on daily closing basis. CMP 3319 odd. Major downside possible in coming weeks. Fly on the face of exit from covid pandemic and upsurge in business activities. But purely technical setup (that I follow) - suggest short term pain. Let see. 3350 is the Laxman Rekha - view negated completely and would be time to switch over to bull camp. (file this post, will revisit in few days)
Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
They are calling it the Thanksgiving Day Sale 
Bitcoin is currently down 11% ( was 17% ) or so right now but some others have crashed in 20% to 40% range.
Bitcoin price tumbles more than 11% in a Thanksgiving Day correction
3 Reasons Bitcoin Crashed by $3,000 – And Why It’s Still Bullish - CoinDesk
Bitcoin is currently down 11% ( was 17% ) or so right now but some others have crashed in 20% to 40% range.
Bitcoin price tumbles more than 11% in a Thanksgiving Day correction
3 Reasons Bitcoin Crashed by $3,000 – And Why It’s Still Bullish - CoinDesk
Bitcoin up 20% trading above the previous 3 year ATH.
https://www.coindesk.com/bitcoin-price-reaches-record-high
Bitcoin is really giving some very wild moves.
And if there are leveraged positions involved, then retail traders accounts would get wiped out on Long and Short both sides, under such huge volatility.
Bitcoin is really giving some very wild moves.
And if there are leveraged positions involved, then retail traders accounts would get wiped out on Long and Short both sides, under such huge volatility.
regarding this post of travi bhai - https://www.traderji.com/community/threads/day-trading-stocks-futures.89068/page-10360#post-1435848
It turned out that this huge volume was because of MSCI Rebalance issue.
https://www.timesnownews.com/amp/vi...ebalance-today-stocks-in-focus-27th-nov/82202
But what I do not understand is that the MSCI announced the list of additions and deletions on November 11, 2020 itself. And it was clear that a lot of buying selling will need to be done into the stocks which got added or deleted.
1. Then why do these guys wait for the last 30 minutes of the LAST DAY for doing these huge size transactions? They could have done this anytime earlier as well, no one would have stopped them from doing so, then why wait for the last 30 minutes of the last day?
2. And how do they find the willing counter parties to take the opposite sides of these Very Huge Size Trades? What benefit does the counter party gets in such deals, as the price movement is nothing, in comparison of the respective volume sizes involved?
All these points are very puzzling and I am not being to figure out the exact reasons for the same.
If you have any idea about this, then please do let us know.
And I have seen such Abnormally huge volume activity happening in the last 30 minutes, on some normal Monthly FnO Expiry Dates as well. This does not happen every time, but sometimes it happens. Is this done to somehow take the Index to their desired levels, in order to get the monthly settlement at their favorable price level ? If I am not wrong, then I think there was some probe from SEBI some time back, regarding Banknifty Manipulation on expiry dates by doing huge volumes into the banking stocks.
Thanks and best regards
It turned out that this huge volume was because of MSCI Rebalance issue.
https://www.timesnownews.com/amp/vi...ebalance-today-stocks-in-focus-27th-nov/82202
But what I do not understand is that the MSCI announced the list of additions and deletions on November 11, 2020 itself. And it was clear that a lot of buying selling will need to be done into the stocks which got added or deleted.
1. Then why do these guys wait for the last 30 minutes of the LAST DAY for doing these huge size transactions? They could have done this anytime earlier as well, no one would have stopped them from doing so, then why wait for the last 30 minutes of the last day?
2. And how do they find the willing counter parties to take the opposite sides of these Very Huge Size Trades? What benefit does the counter party gets in such deals, as the price movement is nothing, in comparison of the respective volume sizes involved?
All these points are very puzzling and I am not being to figure out the exact reasons for the same.
If you have any idea about this, then please do let us know.
And I have seen such Abnormally huge volume activity happening in the last 30 minutes, on some normal Monthly FnO Expiry Dates as well. This does not happen every time, but sometimes it happens. Is this done to somehow take the Index to their desired levels, in order to get the monthly settlement at their favorable price level ? If I am not wrong, then I think there was some probe from SEBI some time back, regarding Banknifty Manipulation on expiry dates by doing huge volumes into the banking stocks.
Thanks and best regards
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