Trading derivatives can result in drawdowns of capital. The trades shown using the charts are not to be taken by the readers. Views and analysis are personal.
I am not a research analyst registered under the SEBI regulation 2014 and not authorized to give any financial advice. Information contained in this blog should not be used, relied upon or treated as a substitute for specific or professional advice.
Charts posted here are strictly for educational purpose.

Friday 31 October 2014

31102014


Nifty opened gap up above PDH and BRN 8200 and went above RN 8250, IR formed

1). Long on BPB of PDH/BRN at 8255, SL at 8244, Trade moved well and it went above BRN 8300,TP at 8330. +75 points.

2). Long on TRAP pattern at 8328, SL at 8316, TP near RN 8350. +22 points.

Thursday 30 October 2014

30102014


Nifty opened near PDC and went above PDH and BRN 8100

1). Long on BPB of BRN at 8109, SL below 8100, TP at 8155. +46 points.

No other trades.

Tuesday 28 October 2014

28102014


Nifty opened gap up above PDC within previous day range, IR formed

1). Long on BOF of IRL at 8016, SL at 8008, TP at 8015. -1 point.

2). Long on BPB of range high at 8035, SL at 8028, TP when it bounced below RN at 8044. +9 points.

Monday 27 October 2014

27102014


Nifty opened gap up above PDH and then traded in a range between PDH and PDC/PDL

1). Short on BPB of PDL at 8012, SL above 8019, TP(scratched) when it strongly bounced from BRN at 8010. +2 points.

Wednesday 22 October 2014

22102014


Nifty opened full gap up above PDH and BRN 8000, IR formed, then it traded in a very narrow range around BRN whole day and did not give any trade opportunity.
No trades today..

Tuesday 21 October 2014

21102014


Nifty opened gap up within previous day range, IR formed, skipped long above IRH as PDH was near
1). Long on BPB of PDH at 7940, SL at 7932, TP when price fell below RN at 7949. +9 points.
2). Short as FTC above RN, entered below 7942, SL at 7948, TP near IRL at 7915. +27 points.
3). Long on BOF of BRN/PDC at 7909, SL at 7900, TP at 7945. +36 points.
No other trades.

Wednesday 1 October 2014

01102014


Nifty opened near PDC and went above BRN, then it traded in a narrow range for some time.Nifty made a downward channel like move till 1:00 pm.There were no good signal till it broke the BRN
1). Short on BOF of BRN(when it failed to sustain above previous day closing rang), entered at 7996, SL above 8008, TP near EOD at 7982.+14 points.