Day Trading Stocks & Futures

Great pullback . It kept in suspense for last 2 trading sessions. It was side way market or consolidation taking place.
Unfortunately Nifty future lot has been reduced to 50 from 75.Even margin is reduced. I think Market wants more players.
I had long position.
 
Anyway due to high unemployment, Many have jumped in stock market. Just caution note There is always beginners luck work. Market is stressful job need study. So this can be used as opportunity to learn , understanding how human emotions dominates as soon as put cash or take position.
Enjoy an all the best for new entrants.
 
what you think about this up move?
mean..
India is growing faster then other country ?
or
after corona pandemic end consumer trend changes dramatically to boost economic?
or
govt spending to social economic will increase dramatically?
or
FII'S dump the money (now FII's taken away DII's pushing/Hanging the market by central govt guidelines ) to make India growth?
or
RBI sell psu banks to private?
 

Romeo1998

Well-Known Member
what you think about this up move?
mean..
India is growing faster then other country ?
or
after corona pandemic end consumer trend changes dramatically to boost economic?
or
govt spending to social economic will increase dramatically?
or
FII'S dump the money (now FII's taken away DII's pushing/Hanging the market by central govt guidelines ) to make India growth?
or
RBI sell psu banks to private?
Sir, all gov very clever, they give virus to cause panics :DD:DD:DD they give vaccine n take money, everyone who take 1st dose get new black fungus virus, now they must treating it, n spending more money :DD:DD:DD
gov number 1 goal is making money, they use dawa daru everything :DD:DD:DD when gov use daru to make more money, their repotation get hurt, so now they use dawa for make more money n improve repotation :DD:DD:DD
my scientist friend telling me, any virus that is mutate, there no cure for it.... if we takes vacine for 1 mutation, body become full defenseless for other mutations n easy to attack.... that y 2nd , 3rd, 4th, wave so dangerious...
all big mathematicians n scientist did big meeting in 2016, they say to all big players....
o dear big players, u will dead by 2040 on earth bcoz of temp rise, bcoz of green house effect, bcoz of pollution n population , bcoz in 2040 earth surface temp = 50 degree, so u must living underground....
so big players try to live on mars n moon... but climate not suit them :DD:DD:DD
so they decide to kill many people on earth n fix green house effect....
maths person say if virus go on for 7 yrs then enough population will wipe out n earth temp come down n no green house effect n ozone also nice, so beauty lady must not apply sunscreen lotion... :DD:DD:DD
bcoz of all above things, market go up today :DD:DD:DD
 
NOW
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Same chart posting progression from golden ratio. Background changed from Black to White

1621247048908.png


THEN BELOW
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14490 level future pain point below for a north move to 14900 - 15150?
Had this chart carved out few days back - will not be exact fib levels - hindsight analysis is easy parking it here just to observe the levels play out.
My thought process is still glued to the northward target and 490 levels breach.


View attachment 46026
 
UK and USA relaxed Covid related restrictions and market is thinking that atleast 2nd wave seems to be coming to an end.Hopefully the speed of vaccination improves so that we will be ready for the 3rd wave ( if it comes ).So the market has put the Covid worries aside for the time being atleast.
In India the active cases numbers fell but that should go down consistantly for a few days to say that we have seen the top of Covid 2nd wave.

The market went up so strongly despite not so cheerful situation in India on Covid and total mess up in vaccination and ignored the cyclone hitting many states in the country......market is announcing its intentions loud and clear.......we traders should just follow and track the markets and benefit from it.
 
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