Day Trading Stocks & Futures

Tuna

Listen and act, don't ask it, it doesn't oblige
MCX Crude is up for a big move if unable to close above 3350 on a 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)
Was down up to 3252, but recovered. Good trade opportunity missed in spite of spotting this setup. But...3350 still remain active and break the neck again, and this time the speed will be disastrous. The only bone of contention is the long wick it formed in hourly today - that supports bull. But the situation is still bearish and living on the oxygen of the OPEC meeting. The short side might open up once it is out.
 
FIIs have pumped in over Rs 50000 cr in Indian markets in November 2020 (particularly later half of the month) alone. With so much money pumped in, they have not got in for 500-700 nifty points so there will not be any serious selling from FIIs. So the market will either consolidate here and go up once the news of corona vaccine comes and at higher levels it will take a lot of time to distribute before any serious correction starts...so any serious correction is not coming anytime soon.......Commonsense investing...no need of any chart or system....
 

vikas2131

Well-Known Member
FIIs have pumped in over Rs 50000 cr in Indian markets in November 2020 (particularly later half of the month) alone. With so much money pumped in, they have not got in for 500-700 nifty points so there will not be any serious selling from FIIs. So the market will either consolidate here and go up once the news of corona vaccine comes and at higher levels it will take a lot of time to distribute before any serious correction starts...so any serious correction is not coming anytime soon.......Commonsense investing...no need of any chart or system....
500 points pull back ke liye 2000 points ki rally miss kar di logo ne .
 
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