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.

Thursday, 31 July 2014

31072014


Nifty opened below PDC and went upto PDC, IR formed, it traded between IRH and IRL about four hours then broke down
1). Short below IRL into the fluid area of yesterday upmove at 7769, SL above 7776, target was PDL but TSL hit at 7739 due to high volatility of expiry day. +30 points.
No other trades taken.

Wednesday, 30 July 2014

30072014



Nifty opened near RN and sold, first master candle acted as IR
1). Short below IRL/PDC below 7735, SL at 7743, stopped out. -8 points.
2). Short on BPB below range low at 7730, SL at 7738, TP at 7718. +12 points.
3). Long on BOF of PDL at 7729, SL below 7721, TP at 7790. +61 points.

Monday, 28 July 2014

28072014


Nifty opened near previous day closing range and went upto BRN, IR formed
1). Short BPB below IRL/PDC at 7779, SL at 7786, TP near PDL at 7762. +17 points.
2). Short BPB of PDL, entered below RN at 7749, SL at 7760, TP at 7733. +16 points.

Friday, 25 July 2014

25072014


Nifty opened within previous day closing range and traded in a tight range for some time
1). Short below IRL, entered below previous day pivot low at 7815, SL above 7825, TP near BRN at 7802. +13 points.
2). Nifty traded in a range around BRN for some time and broke down. Short on BPB of range low around 7784, SL at 7796, TP when second leg failed to go below PDL at 7768. +16 points.
3). Long on BPB of PDL from below at 7777, SL at 7768, TSL hit at BE. 0 points.

Thursday, 24 July 2014

24072014


Nifty opened near PDC within previous day range, IR formed, did not take long above IRH as BRN and PDH was nearby
1). Short on BOF of PDH/BRN entered below PDC at 7789, SL above 7795,target was IRL but it did not reach there, TP at 7780. +9 points.
2). Long above HOD as PP at 7805, SL below BRN at 7795, trade moved well, TP at EOD around 7833. +28 points.

Friday, 4 July 2014

04072014






Nifty opened above PDC and pulled back, IR formed.Traded into tight range for some time and broke down
1). Short on BPB of IRL/PDC, entered below PDL at 7729, SL above 7739, TP around 7695. +34 points.
2). Long on BOF of BRN at 7710, SL below 7700, TP at EOD. +80 points.

Thursday, 3 July 2014

03072014






Nifty opened above PDH and formed the IR, went short on BOF of PDH, entered below PDC at 7747, trade did not move well, exit around 7745.Profit of +2 points.
No other trades.

Wednesday, 2 July 2014

02072014


Nifty opened gap up above PDH and BRN, pulled back to BRN and went up, initial range formed
1). Long above IRH at 7720, SL below 7713, TP at 7732. +12 points.
2). Long on BPB of (then) HOD at 7741, SL below 7733, TP around 7747. +6 points.

Tuesday, 1 July 2014

01072014


I have not traded today as was out for some office work, will post my trades whenever i get time to trade.