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.
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.
Monday, 30 June 2014
Friday, 27 June 2014
27062014
Nifty opened with gap above previous day afternoon range(start of new series,some premium factor also) and went upto PDH but failed to cross, previous trend was down
1). Short on BOF of IRH,it bounced up from RN but failed,TP near IRL.+10 points.
2). Short on BPB of IRL, TP when second attempt to go below the then LOD failed. +11 points.
3). Short on BOF of range high, entered below RN, TP near RL. +7 points.
Thursday, 26 June 2014
26062014
Nifty opened below PDL and formed Initial Range.Missed the short trade below IRL.After the fall Nifty started trading in a range.Entered short on BOF of range high but it did not move as expected.Scratched at breakeven.Long on BPB of range high, stopped out with loss of 8 points.Short on BOF of range high below the swing low.Exited near BRN with profit of 25 points.
Wednesday, 25 June 2014
25062014
Nifty opened slightly below PDC and start trading within a range. BOF of IRL gave a long signal, target was IRH but it did not went there.Scratched with 2 point profit.Again BOF of Range Low gave a long signal but i missed it as was not in front of screen at that time.Nifty attempted to break the HOD and failed, short on BOF of HOD/Range High.Target of range low achieved within six minutes.Nifty traded the whole day within a range of 15-20 points.
Tuesday, 24 June 2014
24062014
Nifty opened gap up above PDC and moved above PDH and RN
1. Long above IRH on BPB of PDH/RN but could not manage it well. TP when Nifty start ranging.
2. Long on BO of range high above BRN but it did not move as expected, scratched at small profit.
3. Short on BPB of BRN, my target was RN/PDH but it did not go there TP when second attempt to go down failed.
could not take the BOF of range low as i was managing my short trade.
Monday, 23 June 2014
23062014
Nifty opened above PDC and went upto RN then fall, initial range formed.
1. Short below IRL/PDC and cover when refused to go below BRN second time.
2. Short TST at PDL and cover at TSL.
3. Short BOF at BRN and cover when refused to go below LOD.
Missed the last upmove as it was fast and could not found proper entry.
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