Disclaimer


The author is a SEBI Registered Research Analyst (INH000004796) and a NISM certificate holder in Equity Derivatives Market. The certification is provided by National Institute of Securities Markets.

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Tuesday, December 31, 2013

HAPPY NEW YEAR


The year 2013 is passing by.

 Looking forward  with lot of aspirations and faith in 2014.

May you all trade professionally and consistently make profits.

May you all achieve your goals and excel in trading.

Here's wishing each and everyone a very Happy New Year 2014


31/12/13



Nifty opened above PDC and BRN. IRH formed. Went short on break of BRN. Expected the trade to pierce PDC and go to PDL. It did not. Had to scratch the trade. FTC IRH gave another signal. Covered it as prices did not go below PDC the second time towards the fag end. Nifty was between BRN and PDC for majority of the day. 

Monday, December 30, 2013

30/12/2013





Nifty gaped above PDH and sold off immediately. Went short on BOF PDH. This trade broke PDC, NS BRN and reached PDL. TP at PDL. After that the price was moving around BRN 6300 and PDL. Tried BO PDL but had to scratch the trade.

Saturday, December 28, 2013

Hly Nifty H-L Range 27 Dec 13



Nifty Hourly High Low range is at rock bottom. Expecting a bounce in volatility from here on. There be better a bounce in the range or else Nifty Day traders would be extinct.




                                    Above in the EOD VIX reading as of 27 Dec 2013

Friday, December 27, 2013

27/12/2013



Traded Nifty spot as underlying today as NF in the first day of the new series opens with a premium and an additional gap. Nifty opened near PDH and gave a vertical move. No meaningful PB so missed that initial move. Went long as prices attempted a small PB towards PDH. It was again a very narrow movement for Nifty after the initial burst. TP the second time Nifty didn't cross the IRH. Didn't attempt the BOF IRH. 

Thursday, December 26, 2013

26/12/2013



Nifty opened near PDC. Also the price rejected the PDL price, so entered as BOF PDL. TP at yesterday's minor swing high as prices refused to go beyond that price. In the end not many points captured. Could not spot any other opportunity as Nifty was again in a very tight range. Only at the fag end did we have a untradable wild swing which formed LOD and bounced again. Again a nothing day for Nifty.

Tuesday, December 24, 2013

24/12/2013



Nifty opened near PDC. The high of the first candle proved to be IRH. Didn't short on FTC of IRH as PDL was very near. Also didn't buy on DB formation as IRH was very near. Shorted on BOF IRH. Covered one at PDL, another when a tweezer bottom candle was formed. Shorted again on BOF PDL. Could manage 12 points here.

Monday, December 23, 2013

23/12/2013



Nifty opened near BRN 6300 and spiked. IR formed when price tested BRN again . Long on BOF BRN.
TP when Nifty took out IRH. Didn't go long on BO of IRH. Shorted on BOF IRH. Could capture another 15 points. Nifty was in a very narrow range of approx 25 points.

Friday, December 20, 2013

20/12/2013




Nifty opened near PDC and went uptill BRN. It was a hurdle again. Took the BOF BRN trade. Had to scratch. Entered long on BPB. TP at first reject of 6150. Entered long again as Nifty touched PD Median at 6230. TP at PDH. I think yesterday's bears smothered. A classic VWAP, I guess.

Thursday, December 19, 2013

19/12/2013



Nifty gaped up above PDC/PDL and sold off heavily. Somehow entered short below swing low of 6220 which was BRN 6200 for NS. TP at 6170 NF. Shorted again when TST of BRN zone failed. Scratched the trade. Shorted again on BOF of NF BRN. TP at 6170. Climatic day. I think the Nifty H-L range should increase now.

Wednesday, December 18, 2013

18/12/2013



Nifty opened nead PDC and spiked. Entered on a small BPB( only just). Was confident of BRN and PDH as targets as Nifty bounced from another DP today. Though prices stalled near BRN, the policy reaction did fill in my price of PDH. Attempted first BOF of MC body high. Just scratched. Another BOF of the same, stopped out. Didnt attempt the last upmove.

Tuesday, December 17, 2013

17/12/2013




Arrived late for trading today. Missed BOF IRH. Went short on BOF IRL/BRN. Prices broke consolidation range and went lower after testing lower range of consolidation again. Held on to shorts as SL was Day high.
Prices drifted nicely lower. TP @ PDL. Skipped BOF of PDL.

Monday, December 16, 2013

16/12/2013



Nifty opened near PDL. IR formed .Price went to test PDC. Short as prices could not cross PDC. Held on to the trade as I was expecting TST-FTC. Nifty cracked as was not able to cross DT. TP at IR low. Attempted another short as prices did not cross PDL 6190. TP again at IR low which was also LOD.
 Didnt attempt BOF of LOD.

Sunday, December 15, 2013

Nifty Hourly High Low Range



The above exhibit shows the high low range for Nifty in Hourly mode or the past 10 days. The more meaningful range being 10-40. At present we are at the bottom of the range. This can mean that the high low range can expand and provide some swings intraday. Watch out!! especially for intraday trades.

Saturday, December 14, 2013

Nifty Monthly




The above Nifty Monthly charts shows a potential break of the DT pattern. If Nifty moves above the 6350-6400 band, and trades there consistently only then the breakout is for real. Untill then Nifty will keep on hanging to the DT pattern. For the Month of Dec13, the series started with the band of 6000-6500.
Now the range had contracted to 6000-6300. So supports at 6000 and resistance at 6300.

Monday, December 09, 2013

Friday, December 06, 2013

6/12/2013


Nifty opened near PDC and did two rejects. Price rallied from the second reject. Went long when prices closed above BRN. But the next candle was also a reject. Had to book loss at range high. Didn't go short as DL was near. Went long IR high. Squared off at reject candle high. Prices went up 15 points up further. Hindsight I feel I marked the IR wrongly.

Thursday, December 05, 2013

5/12/2013



Nifty opened with a huge gap above PDH. The first candle acted as MC. There was a BOF in the MC. Took that trade as BRN was 20 points away. Covered half at BRN. Another MC just below IR low. Covered remaining position at DB formation.

Wednesday, December 04, 2013

04/12/2013





Nifty gaped down below PDC and PDL. Did not take the trade of BPB of IR as there was not enough space. PDC was just above. Took only one trade. Short on BOF of PDC. TP at last DP of 6170.

Tuesday, December 03, 2013

03/12/2013




Traded BN today. BN gaped below PDC and near PDL and BRN. Went long when PDL didnt break with force and volumes. TP at PDC. BOF at PDC generated another short. TP again at BRN 11300.
Just amazing how markets follow their own levels.

Monday, December 02, 2013

02/12/2013



Nifty opened near PDC and spiked. Entered at a small PB around BRN 6200. The previous DP was 6220, TP. There was a TST and FTC. A short there, TP again at BRN. Skipped the last trade which was BOF of BRN which went to HOD almost.