UNITED STATES OF BANKNIFTY
- Thread starter Top_Massage
- Start date
Well ... been observing banknifty movement closely since yesterday second half ... we are kind of stuck between two levels i.e. 30250 (+ / - 50 points) and 30500 (+ / - 50 points) which is quite interesting ....
Yesterday also nifty gave perfect FLAT CLOSING. So, I am waiting for some clarity when banknifty can actually break this monotonous range so that we can get some meaningful trade.
Disclaimer: This forum is meant for educational purposes only.
Yesterday also nifty gave perfect FLAT CLOSING. So, I am waiting for some clarity when banknifty can actually break this monotonous range so that we can get some meaningful trade.
Disclaimer: This forum is meant for educational purposes only.
Small trade done. But yes, it's been an extremely choppy market. It has been like this throughout this week.
Kept 30750 as stoploss and bought some puts for some odd 100 points downside movement ...
Overall, very boring week and very unsatisfactory movement. I was noticing yesterday's second half upside movement. Even there too, weekly option calls did not rise as per the movement yesterday. Hence, I decided to completely ignore.
It's been like this whole week. The waiting has been really long each day and the opportunities have been minimal and lasted only few seconds each. Pretty strange (and frustrating). Only experienced and seasonal FULL TIME traders can survive in this tough market. New comer or new joinee will have to be extra cautious if they have to survive in this market.
But it's fine, it's part of my trading career. Hopefully, next week will be good.
Disclaimer: This forum is meant for educational purposes only.
Kept 30750 as stoploss and bought some puts for some odd 100 points downside movement ...
Overall, very boring week and very unsatisfactory movement. I was noticing yesterday's second half upside movement. Even there too, weekly option calls did not rise as per the movement yesterday. Hence, I decided to completely ignore.
It's been like this whole week. The waiting has been really long each day and the opportunities have been minimal and lasted only few seconds each. Pretty strange (and frustrating). Only experienced and seasonal FULL TIME traders can survive in this tough market. New comer or new joinee will have to be extra cautious if they have to survive in this market.
But it's fine, it's part of my trading career. Hopefully, next week will be good.
Disclaimer: This forum is meant for educational purposes only.
Gone are the 800 point intraday moves in banknifty.. 200 point moves is also not seen often..
I remember many used to buy PUT + CALL and hold for a couple of days.. once a big move happens.. big money used to be made (approx 2-3 times the original premium paid) .. now doing such a thing would be sure loss !!!
I remember many used to buy PUT + CALL and hold for a couple of days.. once a big move happens.. big money used to be made (approx 2-3 times the original premium paid) .. now doing such a thing would be sure loss !!!
Good morning guys ... moving forward ... Hopefully, banknifty will do something big very very soon ... let's just highlight all the probable obstructions ...
On surpassing and staying well above tiny range of 30750 to 30800 approx for long enough, we go up ...
On breaching and staying below 30500 (+ / - 50 points), we go down .... Good luck
Disclaimer: This forum is meant for educational purposes only.
On surpassing and staying well above tiny range of 30750 to 30800 approx for long enough, we go up ...
On breaching and staying below 30500 (+ / - 50 points), we go down .... Good luck
Disclaimer: This forum is meant for educational purposes only.
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