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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Wednesday, April 30, 2014

30/04/2014


Nifty gaped up. Prices went till PDH and tried a BO. It failed. Went short as BOF PDH below latest swing low. Was aware of BRN but BOF happened at the earlier resistance so went through with the short before price broke BRN 6800. TP at BRN 6700. Did not take the BOF BRN long.

Voltas BOF on Hourly


Monday, April 28, 2014

28/04/2014


Nifty opened near PDC, could not cross it. Broke PDL but bounced from BRN. Only trade which I took was a limit order trade at 6822. TP at 6840 as was expecting resistance overhead. No other trades taken.

Thursday, April 17, 2014

17/04/2014


Nifty gaped up above BRN. There were 3 layers of support below IRL. BRN,PDC,PDL. Sensed that it will be tough to breach. Kept buy order at 6730, above yesterday's MSP. It got filled. Price consolidated a bit forming a channel. TP at PDH. Missed the next move till BRN 6800.

Wednesday, April 16, 2014

16/04/2014


Nifty opened near PDC and failed to cross previous swing high. The TST at IRH showed that the price was finding it difficult to cross the swing high. Shorted on BOF IRH. TP at BRN 6700. Did not take any other trade. Rejection candles at MSP indicated that the MSP would be tough to cross though.

Tuesday, April 15, 2014

15/04/2014


                                                  Did not take any trade today!!

Friday, April 11, 2014

11/04/2014


Nifty gaped down. Went up and got rejected at BRN. Short on BOF BRN TP at range low/IRL. Again went short on BOF LOL below PDL. TP when prices did not test range low again indicating higher low.
No other trades.

Thursday, April 10, 2014

10/04/2014


Arrived late for trading as went for casting vote. Entered the long trade near IRH. TP at PDH. Too many levels after that for price to come down. Hesitated but shorted below PDH/PDC LOL. TP at morning low

Wednesday, April 09, 2014

09/04/2014


Nifty gaped up near PDH but pulled back a bit. IR formed. Shorted as FTC with IRL as target. TP on BOF. Entered long on small PB to IRL after BOF as I thought market would be range bound between IRL and IRH. But not to be. TP at NS BRN 6800.

Monday, April 07, 2014

07/04/2014


Nifty opened above PDC but failed to go above PDH. Went short as FTC below first candle high. TP at support zone 6710. Did not take the second half BOF as was not trading then.

Friday, April 04, 2014

04/04/2014


Nifty gaped down and sold off. It did not manage to go below PDL. Went long above RN as I was suspecting  a PP. TP near PDC. Nice place to take a chance a initiate a Test  Trade short as it was a LOL resistance. Shorted below IRH. TP at PDL.

Thursday, April 03, 2014

03/04/2014


Nifty opened near PDH but could not sustain.Went short when prices pulled back to first candle low as BPB IRL. TP at RN 6750. Took no other trades as was held up with some internet work.

Wednesday, April 02, 2014

Tata Steel (2 April 2014)


                      Tata Steel was trading between the two DPs, IRH and yesterday's median. 

02/04/2014


Nifty opened above PDH but soon tested PDH and PDC. IR formed. Did not take the TST trade and the BOF PDH  trade as was waiting the prices to trade above swing high and IRH. Took the BOF at the fag end as it was BOF of LOL(PDH/IRL and PDC). TP around HOD

Tuesday, April 01, 2014

Tata Steel (1 April 2014)


Yesterday's Median for Tata Steel was 391.15. Was waiting for it to break or a BOF. After the formation of a DT at the first candle, prices pierced through Y'day Median but could not push lower. Went long after announcement at 393. 

01/04/2014


Nifty gaped up but could not sustain. It was an announcement day so traded after it. Went long as Test trade of PDL. Price halted a bit a IRL but soon pierced it on the upside. TP at PDC. Did not take any other trade.