I am not a certified analyst. The charts shown and the content in the blog are for educational purpose only and in no way is a buy or sell recommendation. Readers are advised to use discretion.

Friday 30 May 2014

Intraday trades - 30.05.2014

Intraday: Took 2 trades but couldn't get much points.
1) Short on break of PDL with fast momentum. Closed at MBB
2) Short on BOF of PDC. Trailing SL hit at MBB green bar.
Mkt not giving too much good signals... Taking a break for 1 week, although will monitor charts after market & will post them with possible trades...

Thursday 29 May 2014

Intraday Trades - 29.05.2014

Intraday:  Expiry Day, not so bad..
1) Long on BPB of PDL. SL hit
2) Short on BPB of BRN. Covered with 10 pts.

Wednesday 28 May 2014

Intraday Trades - 28.05.2014

Intraday: Another Ranging day before Expiry. Total 2 bad trades-
1) Long on Breakout of Range. SL hit
2) Another Long on BOF of Range Low. Trailing SL hit.

Tuesday 27 May 2014

Intraday Trades - 27.05.2014

Intraday: A Big Range market not giving anything. Big Open candle, then straight to BRN without any good signal.
1) Long on BOF of BRN. Closed it at breakeven.
2) Again a Long after Range break. This turned out to be a looser eating my SL as BOF.
3) Short on BOF or RL. Closed at Breakeven.

Monday 26 May 2014

Intraday Trades - 26.05.2014

Intraday: Big day.. Don't know the reason .. Traded on both sides-
1) Long on BPB of Initial range. SL hit at the low of Big green candle.
2) Again a long on break of Range high. Closed with few points near BRN. As the day was Up, was looking for long entries only..
3) Long on TRAP pattern. Closed at Breakeven. I made to haste in entry. Wrong trade.
4) Short on BPB of Range low. Closed with around 60 pts
..

Friday 23 May 2014

Intraday Trades - 23.05.2014

Intraday: Nifty moved straight up after 4 days of consolidation. Wasn't having any signal to enter.
1) Long on break of high of PDH breaking candle as close was outside BB. Closed on an inverted hammer. There was a signal to go short, but didn't take as bias was positive.
2) Another Long on BOF of day's low at breaking of PDH. Closed in the end with a Tag on UBB (Red candle). Both the trades were just similar in terms of Reward.

Thursday 22 May 2014

Intraday Trades - 22.05.2014

Intraday: Too many levels to trade today..
1) Long on BPB of PDH. My SL taken at swing low. I should have exited after Tag.
2) Short on BOF of RH with Tag & FTC. Trailed my SL near 2nd Red candle & was taken at loss.
3) Short on BPB of PDH. Closed at few points near BRN.

Wednesday 21 May 2014

Intraday Trades - 21.05.2014

Intraday: Flat Opening, A hammer at BRN, PDC..
1) Long on break of 1st candle. Closed within 3rd candle.It didn't move good
2) A Short on Tags on UBB & BRN, then FTC. Closed at the first big green candle. It ate up many points & wasn't expected. Waited for Trap pattern. It didn't form & mkt moved till PDL. A Tag formed
3) Long on Close outside BB. Closed at Breakeven.

Tuesday 20 May 2014

Intraday Trades - 20.05.2014

Intraday: Nifty consolidates 2nd day also. Too many DPs up & down & reversals were V shaped. Not very comfortable with them, so didn't trade in the morning till it formed a range.
1) Long on break of Range high after  Tags on LBB. Closed with mere 10 pts..
N o reliable signal in the end also

Monday 19 May 2014

Intraday Trades - 19.05.2014

Intraday: Mkt Gap Up. Was having a bullish bias due to this. Couldn't take the short on break of 1st candle. It halted at PDC. Waited till there.
1) Long on BOF of PDC. I was in call & mkt was moving fast. It took my SL in the pullback.
2) Again a Long on break of Pivot. Closed it early with few points.
3) A Short on BOF of BRN 7300. My SL hit.
Bad Day. Mkt was volatile & my Risk management failed ! Will improve further..

Friday 16 May 2014

Intraday Trades - 16.05.2014

Intraday: Election day ! Waited till 12.00, till the Euphoria settled down. BJP appeared as winner as expected. Mkt was already Up from last few days, no Upper circuit. Profit booking also started at BRN 7600. Chart was showing all blue lines- BRNs as ranges. A big red candle of more than 100 pts made me think of eating SLs but kept my patience til 12:30.
1) Short by taking Puts on BPB of BRN 7400 & day's open. Closed at hammer on 7200. Candles are appearing small, but were too big to handle the SL. Was really scared due to volatility & counter trend move. Mkt could jump my SL, so my trigger & selling price was having a difference of 10 pts ;)
2) Long on the break of recent pivot after a stoppage on BRN 7200. I was expecting it to go beyond 7400, as was appearing as many people have shorted & will be trapped. Closed, when it was unable to cross 7300.
Tough day, but level respected in 2nd half !!  Now, Daily chart is with a Big Inverted hammer but Close outside BB. Bulls going long today are now Trapped. I am expecting next few days as Ranging... Lets see, how mkt unfolds..


Thursday 15 May 2014

Intraday Trades - 15.05.2014

Intraday: No Trades triggered. Was waiting for the price to stay  above/ below PDH/ PDL as there was no space in between.

Wednesday 14 May 2014

Intraday Trades - 14.05.2014

Intraday: Mkt moved down after opening. Halted after crossing PDC
1) Long on BOF of PDC. Closed when it came back crossing RH/ day's open.
No further trade as market was choppy..
Nifty is consolidating without giving lower pullback. Was expecting a little down. Currently Range is 7000 ~ 7200, once breaks the range upwards, one can buy..

Tuesday 13 May 2014

Intraday Trades - 13.05.2014

Positional: Closed my Positional longs at 7170 initiated at 6780 (on 09.05.2014) as mentioned in comments-
Booked Profit in my Positional Longs at 7170.. Don't like too much Gap ups in between trades..

Here exiting positional longs means - A stall in Uptrend only. It doesn't mean a Downtrend starts. It can be a Consolidation / A downtrend / Another Upmove. Price will confirm further & we can always re-enter..

Intraday: Mkt Gap up but couldn't sustain in the initial move as earlier days. Gave a Pullback.
1) Long above day's high on BOF of BRN. Closed at RH, when 2nd push failed to move above. Last move was with good momentum, but couldn't go beyond BRN 7200.
2) A Risky Short on break of RH & MBB. It could have been a TRAP, so was ready to get out immediately, but it didn't happen. Closed when it crossed back RH.
Rest mkt was choppy. No further trade. Will try to do 1 trade only from tomorrow till election results, as mkt has become volatile.

Monday 12 May 2014

Intraday Trades - 12.05.2014

Intraday: Nifty gave a Gap up & a fast upmove. Was left behind with no good signal.
1) A long on break of RH & BRN with close outside BB. Gave my SL.
2) Again a Long on TRAP with break of BRN. Closed with 35 pts.

Friday 9 May 2014

Intraday Trades - 09.05.2014

Positional: An Observation is in Daily Chart- A Positional TRAP has occurred in an Uptrend. Entry just above recent Pivot - Blue line. Lets see, what are the targets, if it sustains above last high..


Intraday: Oh God ! we are never satisfied with our Exits !!
1) A Long on BPB in the morning. Next candle was a gap up breaking all DPs. Closed when 2nd push failed to go above RH.
2) Another Long on break of RH. Closed on a Tag on UBB with 2 inverted hammers.
Still unsatisfied as missed the last TRAP..  Just look at the MBB.

Thursday 8 May 2014

Intraday Trades - 08.05.2014

Intraday: Nifty Open near BRN. Gave a pullback & moved down. I was waiting for it to touch PDC & PDL for reversal, as it opened with a positive bias.
1) Long on the BOF of PDC. Closed when it made a Tag on UBB with no follow up.
2) A Short on BOF of BRN with a tag on UBB. Closed at PDC
3)  Long on a Big hammer after Consolidation. Was very confident, so took double of my position. Sat a lot till end. Closed at breakeven. My fault as too much hope emerged .. will improve..

Wednesday 7 May 2014

Intraday trades - 07.05.2014

Intraday: Mkt open below PDC & started making lower ranges. Didn't find any reliable signal in the morning.
1) A Short on TRAP formed with MBB down. Closed at BRN.
2) A long on Hammer on LBB. Closed at Breakeven
3) Another short on break of hammer low. Clsoed at day's end.

Tuesday 6 May 2014

Intraday Trades - 06.05.2014

Intraday:  A breakeven day-
1) Short on the bOF of morning range high. Closed at day's open as Range low.
2) A Long on BOF of RL. Closed at breakeven.
No further trading due to some personal work.

Monday 5 May 2014

Intraday Trades - 05.05.2014

Intraday: Mkt moved down a little & then zoomed upwards-
1) Long on the break of Day's open. Closed when price stalled at RH.
2) Long on the BOF of PDC. Closed when price moved below MBB
3) A Short on BOF of RH. Closed at my SL.
4) Short on the BOF of PDH. Closed with a Tag on LBB.

Friday 2 May 2014

Intraday Trades - 02.05.2014

Intraday: A Ranging market. Mkt open up & moved higher instantly. Waited for it to settle down. Took 2 trades-
1) Long on a Big Hammer as BOF of Range Low. another small hammer ate my trailing SL.
2) Another long on the big Green candle, which turned into hammer trapping me. I was last one to enter !! again SL hit.
No further trade..