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, June 25, 2014

TS 25/6/14

                     Was held up with other work. Did not take any trade.

Sunday, June 22, 2014

Curious case of Reliance Ind

The above is Reliance Ind daily charts. If we look back, after 2009 elections results the stock faced resistance at 1140. Soon after the stock sulked between 1140-920-900 and finally yielded. The support turned into resistance for a long time. After the 2014 elections results the stock again reached 1140 and has now tested the 50 ema. If this the launch pad for the stock then expect a blast above 1140 which can in turn propel the Nifty. Watch out for Reliance Ind.

Friday, June 13, 2014

Tuesday, June 03, 2014

TS 3/6/14

Entered long at 510. This trade gave 2 points as the TRAP took my stop. Entered again at 516 on TRAP pattern. Rode this trade till the end.