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, May 20, 2014

Tata steel 20/5/14

Went long above PDH. Also long could have entered as BPB IRH. TP at 470 as it was resisting prior too. Again went long when price broke out of the triangle pattern. Also price got rejected twice at 470. TP at earlier high for this trade. No other trades.

Monday, May 19, 2014

Tata steel 5 min

Entered long on BOF IRL/PDC. Stopped out at IRH when TS reversed suddenly. Captured 3.5 points.
Did not take any other trade.

Saturday, May 17, 2014

Nifty after LS results

The LS result was overwhelming to say the least. A full majority after 3 decades calls for a big dash of hope and renewed hard work from the countrymen. I congratulate all Indians on this great piece of history. Long live India
Well, the Nifty did its own thing on 16 may 2014. High -low range of 430 points. What it has done is created a very clear levels for itself . Also a fluid like situation gets created where if the lows of the last three candles is taken out then we can see the correction very well extend to where it all began from,6650. Needless to say that the resistance at 6300 which was taken out after 6 long years now should act as a support for the long term.

Monday, May 12, 2014

Not trading till election results!!

                                              Not trading till election results!!
                                              Happy and safe trading!!