Monday, 7 August 2017

Narrow range day in Nifty


It was a 30-point narrow range day in Nifty, not giving any good setup to trade.

This was not the case with overall market.  There were plenty of good quality stocks moving 5% or more.  I could find and trade one good setup in stock futures which generated a profit of Rs. 5900 per lot in less than 10 minutes.  What else you want in such dull day?

10 comments:

  1. URD,

    This is the advantage being the full time trader. You have luzary of time for analyzing multiple instruments and trade. Great.

    ReplyDelete
    Replies
    1. Rose,

      It is not about luxury of time.

      If you can trade daily for only one hour, from 9:15 to 10:15 am, it is more than enough as a day trader. You will be able to take few trades in this time slot and make more money than trading for whole day.

      URD

      Delete
    2. URD,

      You are right, during first one hour lot of opportunities in stocks. But analysis is the problem for me. I found the stock scanner you shared is useful. This is pretty good for basis filtering.

      http://stocksonfire.in/fatafat-stock-screener/fatafat-stock-screener-intraday/

      I havent tradeed any though due to time constraints.

      Delete
    3. Only filtering, scanning is not going to work. We need to find the reason for trade setup.

      URD

      Delete
    4. Yeah, thats what my point URD.. doing analysis during live market and trading multiple stocks is possible being full time trader

      Delete
  2. is there a list of stocks u follow?

    ReplyDelete
    Replies
    1. Yes, I follow around 60 stocks for trading.

      URD

      Delete
  3. sir your todays trade was on tatamotors is it true ....?

    ReplyDelete
    Replies
    1. No, it was in Arvind. It had the potential to generate profit of Rs. 20000.

      URD

      Delete
  4. sir your todays trade was on tatamotors is it true ....?

    ReplyDelete