30th NOV :

NIFTY :  Pick INFY to go long on DIPS.

Current spot : 2462

It should break out post 9:45 am

11:08 am

BUY INFY 
Current Spot 2458.10
2050CE @ 64
Small SL , at 62 should be fair enough.

Ideal Spot SL : 2447 as per 30 min chart.

SS

EOD 29th Nov :

NIFTY :

Holaa  Bulls are back . Back in style.
Gold price reversal marks the big boys back in Markets.

What VOLUMES mate , very impressive !

For  now, all counts ,TA have turned BULLISH.
I will prefer more stock specific action in these conditions.

INFY will be my preferred pick for LONGS for tomorrow.

P.S. With today , I end the live commentary trades in open section.
       In Market timings ,very few times , I would be posting live trades.
       May be once or twice in a day or may be none..
       During live timings , my focus stays over client zone. Last day to register stays coming Sunday.

Rest all , DAILY , Weekly , Monthly analysis on NIFTY and STOCK PICK will continue here as before.

SS

29 NOV :

We will go ahead with last left on Tuesday.

Status :
Rs 42,420 plus 100 quantity of Nifty Dec 5700PE.

9:10 AM

If prices HOLD above 5730 , I will be looking for BUY on DIPS today.
DEC PE eyeing to sell if prices hold above 5730 , if we dip  , will place a trailing SL.

9:35

DEV5700PE STOPLOSS  HIT @ 44.95.
Brokerage : 90 rs

NET CAPITAL : 46825 Rs

Eyeing a trading opportunity Stock specific when Market settles.


9:55 AM

NOV 5900PE @ 115
SL 111.95
Quantity : 200

SL STRICT AS CURRENT EXPIRY

10:00 AM

SL trailed @ 116

10: 05 AM
Got hit , capital stays same as before

Staying away from Nifty , Looking stock specific action.

10:10 AM
 BHEL DEC 220PE BUY Order placed @ 5.90
Quantity : 2000

10:22 AM
BHEL order did NOT fill .
Removing BHEL order.

10:34 AM
Lets Go aggressive :

INFY DEC 2450PE @ 48.40
Traded
500 quantity
Strict Stop Loss 44.95

10:50 AM
Stay SHORT in Infy . Its all looking good.

10:52 AM
Did u see ? the small HnS in 2 min has broke down , we are below 2440 now.
Stay SHORT.

The toughest job in trading is EXIT.
Once positions are traded , you cant move your eyes away for a perfect EXIT.
Cuurently : Stay SHORT and ride the fall

11:12 pm

INFY STOP LOSS @ COST.
Intent to ride till close today.
SL is must , expiry day can bring wild moves as we go ahead in the day.

11:40 AM

NIFTY : Power above 5780 as discussed yesterday.
Its a BUY BUY on dips Market Now.

INFY SL @49.50
Trigger 49.50
Pirce 49

11.55 AM

Big Hns in 2 min and 5 min.
Buying more :
250 INFY DEC 2450PE @50-51

12:05
Infy Cracking down.......
Race your positions.

250 Traded @ 52.50

Total 750 quantity
INFY DEC 2450PE @Average 49.8
HARD SL @ 49


Total Capital Bloked in Infy Positions : 37,325
Brokerage : 270 Rs
Cash Left : 46825 -37325-270
                =9230 Rs.

Status :
Capital : 9230 Rs + INFY DEC 2450PE  750 QUANTITY

12:40 PM

INFY BEARISH CANDLESTICK IN 2 and 5 MIN CHARTS
STAY SHORT.

INFY TRIGGER @ 50.95 Price 50.40

12:55 pm
Trail SL trigger 51.50 
price 51

1:13 pm
Interested folks can SHORT SBI.
Current Spot : 2126
SL 2132
        

1:16 PM
INFY SOLD ALL QUANTITY @ 51.70

SHORT SBI :

2100 DEC PE @ 46
500 QUANTITY
TRADED

SL 43.95 Trigger
      43.50

1:51 PM :

SBI CRACKS.

ALL BECAUSE I BELEIVE MYSELF.

2:58 pm

Selling SBI order @ 49.50
Safer trade , could not reap much of the fall.

3:00
SBI SOLD

BUY INFY DEC 2450CE @ 62.50
500 QUANTITY
SL 60


INFY will be held overnight.

3:10 pm.

Calculations :

After Infy Position Sell : Rs 38,775
Initial Cash :9230 Rs
Brokerage Infy Sell : 250 RS

Net Cash After Infy Sell :  47,755 Rs

SBI position cash used : 23,000 Rs
After SBI sold position , cash return : 24 ,750 Rs
Brokergae : 200 Rs

Net cash profit : 1550 Rs.

Total Cash After SBI sell : 49,305 Rs.

INFY CALL got SL HIT :

Loss  : 500 * 2.5 =1250 rS
Brokerage : 200 Rs

Net Capital : 49,305 -1450 =

Status :

50K capital stays Rs 47,855 with no positions.


SS

Trade Plan 29th Nov (Nov Expiry) :

NIFTY : What happened on Tuesday. A big bull run.
               I had a trade plan ,it was for short. Went in trash.
But why it missed . I can spot it , can you ?
Here is the daily Nifty chart posted on Sunday , the MACD cross possibility turned into a reality.
Crossover on daily time frames is a powerful event , has a potential to post bull days like Tuesday.
We kept the MACD cross possibility in background and went ahead with other details in short direction.

Chart we were considering till Sunday  :

But , we had the view NOT the traded positions.
Former is primary.

Whats NEXT ?

Lets see where are we , here is the Nifty Daily Chart.

I am expecting a Range :
5740- 5665
 When prices are near 5740 , a chance to shorts should be given for a smooth slide till the lower line of red channel ,5670 . SL 5741

When prices come near 5670 , a chance to longs should be given for a smooth upside till the upper end of red line .

Since the red channel is a falling channel , short side trades would reap better than longing in midst of the falling channel.

Both type of strategies should be in Sync with Daily MACD.
That is the exact reason I went SHORT with small quantity DEC series , respecting the RED channel.

What above 5740 ?

5740-5780 ( No trade Zone , No Nifty trades in this range)

Wait till we are above 5780 . If daily MACD clocks higher than horizontal line , GO LONG above 5780 with SL just below it.

If we clock above 5740 or even 5780 and take a dip below RED channel again , DONT MISS the slide , we might do a quick 100 point slide. In such possibility ,MACD should reverse before the horizontal line and inform us prior to the event via a negative divergence.

Between 5740 -5780, WAIT and WATCH.
If prices fall back INTO the RED CHANNEL , SHORT FULL THROTTLE.
If prices shoot up 5780 , Go LONG with SL below 5780.


Where is the Weekly Direction ?

The BEAR Kangaroo set up , had a tail with 5678 low and 5778 as high.
As per Alexander , perfect SL lies exactly in between of this tail.

Its 5733 Currently. Possibility is ALIVE.





If we slide down for Thursday and Friday not posting any high above 5735 , the bear setup should gain confidence.
Expect BEAR RULE in coming weeks is a POSSIBILITY.

History Says , DECEMBER month is ruled by the bulls. Weekly bearishness may sign off .
Technical Analysis is based on the fact History repeats.

Lets wait and see how things go ahead .

P.S.
Repeating My words : Having a trade plan ready and actually trading in real time are complete different things needing astronomically different skills. You may be a Albert Einstein overnight , but a Charlie Chaplin has equal rights to steal the show during trading hours.
All that matters is 9:15 am to 3:30 pm

SS

27 NOV :

NIFTY : Expecting dull session .

Lets wait more before finding a trade.

9:50 AM
Lets trade today with Capital 50,000 Rs and see how we do.

BUY NIFTY NOV 5800PE @ 103.50 STOP LOSS 99.95
Quantity : 400
Capital Blocked 41,400 Rs

9:52 AM
Order Filled
SL @ 99.95 and will be trailed quickly to Cost.
2 min time frame , bulls are tired for sometime.

9:59 AM
SL got HIT.
Brokerage : 360 Rs
Net Capital : 48,040 Rs

10:10AM

BUY SBI NOV 2050CE @ 58 STOP LOSS 55
Quantity : 375
Capital Blocked 21,750 Rs

10:13 am
Did your order get fill ?
Mine DID.
You can buy between 58-60 STOP LOSS 55 spot 2100

All 58 orders should be filled by Now.
STOP LOSS TRIGGER @ 56.50
                       PRICE @ 56

10:54 AM

Lets start looking for a exit opportunity in SBI.
Place your SL hard , will post soon the exit point.

Not getting the pull in sbi what i was playing for

Sell order Placed @ 61

11:15 AM

SL got crushed.
Exited SBI @ 56

Brokerage : 140 Rs
Net Capital : 47,150 Rs.

Those who are still in SBI and their entry instrument is safer than mine, I was trading in nov options(could not have held longer , its risky than whisky)
30 min chart stay bullish
13 ema @ 2099
23 ema @ 2096
Taking them as SL , SBI can be held long for couple of hours.
If prices dont make a new intraday high in next 2 hours , expect SBI to plunge down after 1:45 pm on wards till close.


Markets are dull luking and its too tough to find trades.
I am prefering to Stay out for rest of the day.


Though I am observing the ticks and a trade or two during rest of the day remains a possibility.
But for sure, I will not be doing any aggressive trade for rest of the day.

We will take continue this mini game of 50,000 capital on thursday and friday as well and lets see what capital we are left with by end of friday.

11:45 PM

SBI @ Day High.
Risk Managment kept me miss this flight. Its zooming up like a rocket.

1:53 PM

IDBI Future BUYN 1 lot @ 102.40
SL 102.15

2:02
BUY SBI 2050CE 1 Lot @ 63-64
Capital Used : 8000

Kangaroo tail in 2 min and 30 min bullish..
Target 73
stop loss 59

2:40 PM
SBI call willing to sell at 74

2:48 pm

Exited IDBI FUTURE @ 102.25

Brokerage : 45 rs
loss : 300 rs
Net reduction in capital : 345 Rs

SBI trade running...looking to close near 74


3:15

Exited SBI 2050CE @ 72
Brokerage : 45 rs
Profit : 1000rs
Net profit from this trade : 955 Rs


Positional 1 lot buy.
DEC NIFTY 5700PE @52.50   100 quantity
Capital blocked : Rs 5250 +90 rs brokerage


3:12 PM

Net Capital by  EOD : (47150-345+955-5340)
Position : 100 quantity 5700DEC PE

Status :
Rs 42,420 plus 100 quantity of Nifty Dec 5700PE.

3:24 pm

We had identified weekly chart  showing maximum run for bulls near 5730-5740.
Hence going with the chart , small quantity shorts are entered.

'Small quantity' and 'near strike' and 'next month expiry expiry' are my default protection for naked unidirectional position.



SS

26 NOV :

9:56 AM

NIFTY : Wait before you short. I am waiting to punch in SHORT ORDER BELOW prices 5630.

10:00 AM

TRIGGER order placed. NIFTY5700PE NOV trigger buy above 69.50

10:10 AM

1 lot BUY NIFTY5700PE @ 64.50 SL 62.50

10:22 AM
Bearish engulfing in 2 min..STAY SHORT with SL 62.50

Also Note : Above 5640 we might the move the bulls way. Stop Loss at place please without any mercy.

10:28 :
EMA cross has also come .
SHORT FULL THROTTLE. STOP LOSS SPOT 5640
Please choose DEC expiry puts , Nov expiry is too risky to trade now onwards. My running 5700PE is the last trade in Nov Expiry.

SL trailed @ COST @ 64

10:40 am

Too conservative SL , its hit. Out close to cost.
bearish view still intact.

DEC 5700PE @ 98 SL 95

10:50 am
DEC 5700PE SL @ Cost 97.50

Why stay SHORT ?
2 min timeframe , we are trading below 13/22 ema and macd going one way sell.
5 min timeframe ,Prices below 13/22 ema and macd going one way sell. 13/22 ema cross has yet to come which should fuel the fall with faster pace.
30min timeframe: If MACD cross comes , 5600 would be kissed within no time.EMA cross has a long time to take over.
Daily timeframe : Stays SELL. Short on Each rise.


Then why you folding Hands ?
Throw your chips IN......SHORT DEC EXPIRY contracts.


11:20 am

DEC NIFTY SHORT will be taken care via stop loss. (At cost)
Lets go what ticker is showing.

Going LONG on SBI Current spot 2090
Stop loss2081
Chose the trading instrument yourself according to your risk capability.

11:27 AM
Closing ALL SHORTS.
DEC PUT sold at 99.50

2 min chart sliding in bull favour.
No Nifty trade.
Long in SBI currently.

2 min charts are the first entry point of any next move in Nifty. 
Bulls have registered a entry , as macd is posting positive divergence and prices staying above 13/22 ema..."We need to trade where Market goes" NOT where we want the market to go.

I will enter Nifty Long trade incase : 5 min shows of bullish entry as well. 
SL will be based on 2 min charts.

11:55 PM

Nifty Falls.
SBI shoots UP.

Wink ;)

12:15 PM
SBI stop Loss spot @ 2088

12:21

SBI getting out at 2108
bought at 2090

12:45 pm

Useless to trade Nifty today.
Eyeing stocks if any

12:51 pm

Longing BHEL
NOV
Risky , just 1 lot.
Positive divergence in smaller time frames. Current Spot : 221.60
220CE @ 3.65

Hard Stop Loss trigger @ 3.50 bought at 3.65

1:35 PM
Bhel GOT HIT.
Happy with just SBI today.

Not liking the markets today.
I wont be mostly doing any trade today now.


1:40 pm
Will like to dare BHEL again.
Placed 220CE BUY order @3.05
Expecting a new intraday low should post a positive divergence and we might get 223 as spot target by close.option target 4.30 would be fair enough.

1:45pm
Going aggressive , BUYING @ 3.40 order getting filled.

2:05
Get Ready
BHEL should shoot up in next 30 min
current : 221.65

3:03 pm
Aaah BHEL disappointed. Trying to get out at 3.10 bought at 3.40

3:05
Protected ..Placed order at 4 . Its all goood.

3:10

Closing BHEL @3.10 finally. Bad one.

EOD :

Good Part of sbi profits got drained out of sl hits and bhel. Not a great day but we have to be satisfied with this on a non trending rangebound dry volume boring day.

Nifty View Remains same for tomorrow as yesterday.
Expecting a boring day tomorrow as well ,Wednesday being a holiday. I would try to lessen my number of trades tomorrow if any.

Volumes man , need enough volumes to ride a excellent trade ,hopefully Short in near time.

SS

Trade Set Up : 26 Nov

NIFTY : Friday , daily candlestick recorded a Hanging Man formation. Thursday we had a Doji.

What is hanging man ?

"Hanging Man is a bearish reversal pattern that can also mark a top or resistance level. Forming after an advance, a Hanging Man signals that selling pressure is starting to increase. The low of the long lower shadow confirms that sellers pushed prices lower during the session. Even though the bulls regained their footing and drove prices higher by the finish, the appearance of selling pressure raises the yellow flag. As with the Hammer, a Hanging Man requires bearish confirmation before action. Such confirmation can come as a gap down or long black candlestick on heavy volume."

That was one of the reasons I shouted for BLACK MONDAY in last few minutes of Friday close. We traded with lower volumes on Friday than Thursday  (which is not usual, Fridays attract heavier volume)

Expect heavy volumes to come next week during the fall.

Stay SHORT with SL 5630/5650 for a bear week ahead and hopefully a BLACK MONDAY.

First target is quick 5560 with slight support near 5600.

I vote for a GAP DOWN on Monday. If Monday finds a escape short each rise throughout the week.

DAILY and WEEKLY CHARTS (Self Explanatory)

Weekly Charts are holding good for bears  with daily charts also signaling SELL.

About Client Zone :

I was receiving personal requests to channelize the trades with more appropriate timings so that it could be caught the moment its traded by me.Can't feel the level of responsibility and liability for finding time during trading hours.

Henceforth I am also going ahead with Client Zone section which will be a pure business zone for interested parties who want to trade with me.

Please visit ssclients.blogspot.in for further details.

I want to pre clarify that no promotions , performance reports or advertisement would be done on this homepage.

Usual analysis and live trades will continue as before.

I will try my level best to maintain the purity of the homepage.

Though its quite logical I will have a weighted focus over client section during live trading .

SS

23 NOV :

9:20 AM

NIFTY :

Lets Go SHORT with yesterday high as SL (5645)
5700PE @ 69.50 Stop Loss will be trailed as we move.

9:45 AM

SL @ Cost 69.50
We can head for a Black Friday today. I am IN.

10:14 AM

SL trailed @ 71
Stay SHORT.

10:30 AM

I am HIT. Out near cost.
Waiting for next entry opportunity.

10:35 AM

Re-Entry 5700PE @67 SL 65.90

Entered as soon as bearish candle engulfing spotted in 2 min.
Always a better strategy to initiate the trade as such junctions.
We owe a luxury to place a very close SL and if the prices move in favour we can always trail it to safer levels.

10:40 am

SL trailed @ Cost 66.90

10:50 am
Grrrrr got hit. Out at Cost.
Never a pain , Capital Protection rules all priority.

Lets wait more to catch a perfect entry

10:55 AM

SBI SHORT 2150PE @ 51.50
SL very close 49
Close Encounter.

11:12 AM

Just One lot 5600PE @ 20
Positional . Target 40
No Stop Loss.
Total Money at Risk : 1000 Rs. I can afford if its all gone. Please make the same trade if you can digest this small loss in case nifty does not falls.

11:28AM
There is a possibility if HnS pattern in 2 min chart with head near 5637 and neckline in 5626-5631
range.
5 min chart is forming a small HnS as well.
If we pass more time in this range , expecting a quick downside in next 15-20 minutes from now.
I am all in : Shorted SBI and NIFTY.

11:35 AM
;)
Zoom to down
That makes me  a arrogant man.  Lol.

All SHORT STOP LOSS @ 5630 (our Cost) and stay SHORT .

Lunch ?

12:00 Noon
SBI is making Hns in 2 min as well. Stay SHORT for quick fall as we approach towards close today.
Spot 2103 should be the ultimate SL.

12:24 PM

Some music ?
Stay SHORT, we can test 5560 as well intraday. Weekly MACD cross if it happens.



12:57 pm

Sold SBI PUT @ 70 bought at 51.50
Whopping 36 percenet Capital Appreciation

Better to get some profits in pocket. Riding The Nifty SHORTS. It all the way down.

1:02 pm

Out from NIFTY 5600PE @ 30
50 percent Capital Appreication

BELEIVE YOURSELF.

Sitting on cash. No positions.
Eyeing next opportunity.

1:05
Playing reverse now for slight bounce. MACD 2 min crossover.

5500CE @  114
SL 112


1:13 PM

LONG SL Trailed @ Cost @114


"Trade the pro way "

1:16 pm
SL hit.
Wrong view 00 loss.
Entry Exit SL Technical proficiency psychology is what makes you money.

1:20 PM
SL was too close. Smaller time frames are freaking to buy.
One more attempt with SL some room.

Nifty 5500CE BUY @ 115
SL 112.50

1:35 PM

5 min macd cross too taking places.
Stay Long with very small stop loss as trade is based on smaller time frames.
Spot : 5603 SL for any long trade. Option price 112.5 seems perfect for spot 5603 hence my SL at 112.50

Dont have much expectations , I am into call to reap 10-15 points. If lucky enough ,else risk is my responsibility to manage for the reward I am targeting.

1:36 pm

Punished. Swimming against the flow , paid the price 2 SL hits.

1:50pm
New Intraday low , but positive divergences by MACD.
One more attempt of longing.

5500CE @ 108.50
SL 107

Very Close SL is must , falls are very quick.

2:13 pm

HIT.
Its BEAR RULE.
SHORT 5700PE @99
SL 94 spot 5605

Fellas like me who went long on indicator signal macd and rsi , have been disappointed.
Because the indicator showed up but price's didnt. It happens.
One rule : PRICES are everything. Rest everything is secondary.


What they will do ?
They will start closing their long positions for next 1 hour...

Lets slide the way down. Current spot 5600

2: 35 PM
I am hit. Though the spot still needs to lift up 3 points to remove the resitance , my option price got hit.
Some writing coming in puts.


I am winding up for the day.
Had a wonderful one. Rode the trades that gave gigantic profits and cut all losses short ,infact very short.

Have a Great Weekend guys and I am working to start on "Client Zone" section.
Details will be published coming weekend.

Don't forget to enjoy your weekend.
P.S. Wont be surprised if we open with a GAP DOWN on Monday.

EOD :

A doji again would give more confidence that we would be heading towards 5555 next week.
SHORTS can be loaded next series. very few lots.
Please refer my last night daily charts.

3:29 PM

Smart traders filling the kitty with SHORTS.
Last minute we are falling and 5700PE picking premium.
Next week BEAR WEEK.
Detailed analysis on weekend.


SS

Trade Set Up for 23rd Nov :

Keeping a view/homework ready and actually trading are complete different steps of making money. No point of time one can claim if any view goes against , you lose money.

Losing money has to completely do with your psychology , how much you have been technically correct in your homework , what time did you enter the trade , what time you closed it , how soon did  you accept if ticker shows up your analysis went wrong.

One should have down to earth ego to NOT trade if markets move opposite to your trade plan.

Even if you do blunders in your homework/trade plan , even you do brilliant set up a night before but please NOTE : All that matters is 9:15am to 3:30pm what you did.

You may be Albert Einstein overnight but a Charlie Chaplin may steal the show during the real time.

NIFTY :

Tomorrow is a friday and that will form the base of weekly candle stick.

I am voting for a BLACK FRIDAY.

Stay short with today high as SL. 5645

Weekly and daily charts presented here are self explanatory.

NIFTY Weekly :

NIFTY Daily :

See you all Live tomorrow.

SS

22 NOV :

Good Morning All....

PreMarket : Shoot Nifty , Lets eye some stocks..SBI/INFY....

9:30 AM

SHORT SBI 2100PE @ 33.50 Stop Loss 32
Close Encounter

9:40
A bad trade got hit. A premature trade.
3 percent capital depreciation.

9:42
Re-Entry SBI 2100PE @ 32.20 Stop Loss 30
Trading with expectation 2 min MACD has peaked out and spot made by SBI 2096 should remain as day high.
Never a bad idea to give it a shot with such small SL.

10:05

SBI PUT trailing the SL @ Cost. Playing safe as overall this is not a good trade.
Protecting capital is the prime focus currently.
Current 2100 PE is quoting 35...bought at 32.20

10:35 am
Sold 50 percent positions @ 38 bought at 32.20
16 percent Capital Appreciation..

Remaining 50 percent positions , will ride it more...SL @ Cost


11:20 AM

SBI PE got Hit.

Entering SBI LONG :

2100CE@ 28.50
STOP LOSS 26

11:25 am

Ha ha..
Stop loss @ cost now.
current 32 bought at 28.50

11:30
want to sell it 40 , half of them and at 50 remaining half.
targeting 2118+  spot levels in sbi intraday

11:45 am

Trailing th SL @ 31.90

11:51
Hit. 11 percent Capital Appreciation.

Will reenter SBI very soon.

11:57
SBI 2100CE @ 29.40

12:01

Kangaroo Tail in 2 min...
Racing up positions in 2100CE

Stop Loss @ 28.50 average by at 30

12:16
Oh no..
Kangarooo got negated by this this quick fall ..got hit Capital Depreciates by 5 percent.

Again a kangaroo tail spotted.
Re Entry 29.50
sl 28.90

12:52
sbi 2100CE current price 36 bought at 29.50
But why to hurry , will book near 41-42

1:00 pm

SBI booked at 34.50
18 percent Capital Apprecitaion.

NIFTY SHORT 5700PE@ 76.50 SL 73

1:14 pm
Nifty Ht : 5 percent capital depreciates.

NIFTY LONG : 5600CE@58.80 SL SPOT 5623


1:30 pm :
Kangaroo tail again in 2min chart before aby breach of 5623
Stay LONG.

1:39 pm
stop loss trailed at 54 (when spot kissed 5623)

1:45 PM
Expect shorts to covered as we approach closing today.
Innocent souls have have been shorting since morning but Nifty too strong to fall.

Expecting : 5640/5650+  Intraday

NIFTY CE SL @ 54.50

1:58 PM

Trailing SL @ 60

2:04 PM

5640 is a important level in 5 min charts , if we can breach it and tick for some time above it , expect Nifty to zoom up fast.

5600ce picking premium...I am all in for upside for rest of the day .

2:34 PM

;)
SL trailed @ 64 , eyeing to sell near 75

2:37 pm
Trailing SL @67 5640 should be the immediate support now.

2:41

Sold @67 bought at 58.80
14 percent capital Appreciation.

Whats Next ?

I want to sit out and wait , if today prices show up above 5650 , will take few quantity of dec series nifty shorts. Today's low volume are indicating bulls getting weaker.

May we thats why we have pulled 10 points down now , may be smart traders have started accumulating shorts or booking profits. Still , I will wait 5650+ to show up today.

I am position less.


SS

Trade Set Up for 22 Nov :

NIFTY :  Whats Next ?

WAIT and WATCH.

If we open green , I will try to short it above 5650 with 5665 SL.
If we open down , I will try to short it below 5593 with 5595 SL

If prices dance between , 5593-5650 ,I will be staying out from trading Nifty.
Tomorrow, wait watch and attack.
Irfan Khan calls it Gorilla War. Hide , hibernate and attack.

Stock Pick : My forum friends call it "chaachi" .
               
SBI : For tomorrow or in coming sessions , I will like to SHORT SBI if the spot goes below 2060 with 2065 as SL.
Volumes are picking up as the prices are falling and a horizontal resistance line at 2061.

Rest all trade initiation,closing ,SL depends solely on smaller time frame intraday charts.
Stay Live.

SS

21 NOV :

Good Morning All...

I am bullish and want to buy all dips.
When bigger time frames are bullish , why dont you attempt BUY on DIPS.

SBI : 2050CE @ 34.50
Stop Loss 31
Target 44

9:44 am
NIFTY 5500CE @89.50 STOP LOSS 87

9:46 AM

SBI 2050CE moving the SL @ 35 bought at 34.50

10:10
SBI SELL order got filled.
Sold at 44 bought at 34.50
Whopping 30 percent Capital Appreciation in 45 minutes.
Beleive yourself.

NIFTY 5500CE : Stop Loss @ Cost

10:20am

NIFTY 5500CE sold @ 115 bought at 89.50
Whopping 27 percent Capital Appreciation
Believe yourself.

I am position-less and sitting on cash. Gauging Next opportunity.

10:55 am

LONG LT 1500CE@63 TARGET 73
Stop loss 59

11:20 am

Stay LONG in LT with spot stop loss 1552

12:25

NIFTY :
Its all the way to upside.
We should close today near day high.

12:38 pm

Getting out of LT.
Sell order placed @ cost 63.50

Its not pulling up...going weaker

1:17 pm
Cant Miss it..
5500CE @109 Stop Loss 107

1:25pm
Nifty SL @ Cost 110 now.
A beautiful kangaroo tail in 2 min , infact 1 more now...2 kangaroo tails spotted , 2 min macd crossover plus bigger timeframes bullish...could not have picked it better !

Waiting 5/13 ema crossover ....1.2.3........bhoom 5600+

2:00 pm

:)
5600+ now...
We should close at day high today..wonderful intraday V shape recovery..stay long till 3.15 pm

2:50pm
Eyeing to sell NIFTY 5500CE near 135 , trailing SL @ 122 currently.

3:05
Got hit @ 123
bought at 109
11 Percent Capital Appreciation.

EOD :

We are making new day high near 3:15.....

Today's bounce guarantee no bulls being back.
I have cleared all kind of longs .

I vote a gap down or mild red opening tomorrow .
Detailed homeowork later in the evening.

Good Luck

SS

EOD 20th NOV :

NIFTY :

It survived the trend line today as well. Yesterday we made a doji.
Today we had a chance to pierce downside but we didn't.

I was bearish but too much time in taking the trendline getting off was cautioning me.
And today's trading has made me loose confidence for bears.

This is the classic way how PUT are written.
Heavy PUT writing was taking place in nifty and sbi puts which I was tracking.

We might jump off from here for meanwhile.

I have dropped my bearish view for now keeping in mind yesterday it was a doji and today a flat session with puts getting written. I vote we should survive the trendline now .

Tomorrow can be a BULLS day.
Atleast Markets needs to gear up now before winter session parliament rolls out.

SS

20 NOV :

NIFTY :

Wait and watch mode. 30 min chart stay bullish while smaller time frames have started negative divergence.

Need to wait , until this 30 min macd takes a U turn.

No trades till then :)

ICICI looks a interesting thing to short.  Will wait and watch more.


10:37 am

SHORT ICICIBANK 1040PE@26
Stop Loss 23
Target 32

11:02
LT SHORT 1600PE @ 47.50
Stop Loss 44
Target 56

11:04
AVOID LT Short . Order Did Not fill.

NIFTY : Time to Go LONG ?
Kangaroo tail spotted in 2 min chart

11.10 AM

NIFTY 5500CE @ 113.50
SL 111

11:16

Nifty Spot SL for all LONG @ 5589
Current : 5591 hence option SL 111 is wisely placed.

11:45
Nifty CE SL hit @ 111 bought at 113.50
2.5 percent Capital Depreciation.

Kangaroo tail got negated.

Next move is to EYE SHORT opportunities. Lets wait more for more clarity.

12:00 Noon :

SHORT TITAN 290PE @ 6.85
SL 6
Target :  8.50 / 9

12:14
Trailing TITAN SL @ 7 bought at 6.85

12:19
ICICI BANK 1040 PE Sold @ 26.50 bought at 26
Its holding strong inspite nifty falling. Time to quit.


NIFTY : BELOW 5574
Expecting a Blood Bath.......


2:15 PM

STAY POSITIONAL SHORT WITH STOP LOSS 5577

2:17 PM

SBI 2100PE @ 54.50 STOPLOSS 52

2:30 PM

I have all SMILES :)
Bears are around...................Beleive Yourself.

5550 Gone..........BLOODBATH.

3:20 Close Shorts.

We could not break the lower trend-line yet again.
Tomorrow We might open again with a mild gap up.

3:28

SBI has given positive divergence.
Please dont stay with shorts .
Close All.




SS

Trade Plan for 20th Nov :

NIFTY :

We are at tough point. There is a channel support , which we could not break it today.
Its not easy to make a view currently. Ideally and Logically this is the buy point , buy at supports.
BUT,

I will dare to keep my bearish views ON. I will try to look for SHORT opportunities.
But why do I feel the lower trend line will get broken to downside ? And the fall will be quick and severe.

1 : Supports. Strong Support give a quick bounce. If prices cling near the support for long like today , it should get broken.
2. Volumes are peaking up. Usually a trend should reverse with dry volumes.
3. Daily MACD stays SELL.
4. Weekly we have identified a kangaroo tail limiting the upside to 5740 levels in coming weeks.
5. RSI is yet not near oversold zones.
6. The big fat premium in 5500CE is surprising me. The channel support might be the reason buyers keeping the premiums elevated. That's the only reason I say quick and severe fall. Because once down the line , the premium lifters run for cover , premiums evaporate within minutes and we are left with big fat long black candles.

5573 is a crucial point to watch. Horizontal line drawn at chart and its 13 Ema for 30 min timeframe.
A Gap up opening should spoil the sport as 30 min , macd has a given a bullish crossover. If this is not negated via a GAP down tomorrow , I will have to Drop my bearish views for trading tomorrow.

What if we open down ? Stay Full Throttle short with Stop Loss 5574.

Stock Pick : 
Larsen and Tubro (LT)

I am eyeing to go SHORT on LT.
Smaller time frames as well as larger time frames both stay SELL.

If LT does not opens a gap down tomorrow opening and Nifty opens below 5573 , do not miss Shorting LT . Entry points I will try to post it live as I do locate them.

MARUTI : Looks bullish to me , but I will stay away from any fresh trade into it. It's in the middle of the channel plus macd signalling a flat sessions in coming time.

SS

19th NOV :

9:37 am

NIFTY : Did u stick to our yesterday plan ?
              Yes , I did.

Went Short NIFTY 5700PE @ 114 Stop Loss at Cost Now.

Coffee ?


9:47

Did u see ICICI bank ?

Importance of Powerful Homework.

Its all the way sliding as planned last night.
I am happy with Nifty , anyone trading ICICI bank can stay SHORT in it with day high SL.

10:18 am

Remember each rise has to be shorted.
Current Spot : 5576

10:44 am

NIFTY : 5700PE bought at 114 in the morning , SL placed @ 127
I am all bearish.
Bigger time frame stay Sell.

Don't miss out the HnS pattern in 5 min Charts.
5576 is the SL if anyone wants to play this HnS pattern.
This would give around 25-30 points do downside if dont break 5576 in next 30-60 minutes.

Stay Short And enjoy your coffee.

11:17

I am confident of a quick slide coming in next 20-40 minutes.
SHORT full throttle with 5576 SL. If we clock 5576 , my views will get negated.
Thats exactly where SL for shorts resides.

My Nifty 5700PE is trading at 130 bought at 114.
I am eyeing to sell it 150 above as I am expecting a dip soon that will take Nifty a dive below 5550

12:05

Those who have shorts....HARD STOP LOSS @ 5576
Positive divergence possibility in 30 min time frame. Smaller time frames 2/5 min have turned bulllish

Personally I am going with shorts yet.
I am playing HnS in 5 min charts , and holds perfectly till we don't tick above 5576 with 5591 as head and 5576 line as shoulder.

We should pass some more 20-40 minutes in range 5560-5576 and eventually 5 min HnS should play the magic.

A quick slide should come that should take Nifty Spot below 5540

1:20 pm

Stay Short.
Markets are supreme. Please tighten your Stop Loss for shorts as we are ticking near lower trendline of the channel as shown in daily and weekly charts last night.

I am of the view : The line will be broken downwards. A quick slide is on the cards. Need to wait for the rewards  , or pay the price through SL hit. This is the way it it.

I am expecting a slide as we approach today closing.


1:45

CLOSE SHORTS.
Kangaroo Trade spotted in 2 min chart.

Trailing SL Hit @ 129 bought at 114
13 percent Capital Appreciation.

Lets find a LONG entry point now : 30 min MACD crossover can be played upon.
I am out of Shorts.

5500CE @ 100 Stop Loss 98 (Spot 5557) Current Spot : 5562

1:55

A bad trade and got punished. The kangaroo tail got negated.
2 percent capital depreciation

I am done for the day.

Good Luck All.

SS

Trade Set Up for 19th Nov :

NIFTY :
I  am bearish. Short on each rise is my plan.

Weekly charts are giving indications of staying short positional (next month contract)
with SL 5737 . We might stay bearish for coming weeks.

The lower trendline of the channel is the only support for nifty currently in both weekly and daily charts.

Daily Charts say short on each rise as well.

2,5 min Nifty chart hints Tomorrow opening first 15-30 min we should open strong.
Don't miss out the Short on Nifty during this time.

I am eyeing going SHORT NIFTY on first 15-30 min of opening tomorrow.

Stock Pick :

Nifty stays my first pick to trade currently.
Stock choice SHORT ICICI Bank tomorrow in first 15-30 min opening with SL spot 1050.
Aggressive traders : once prices dip making a high after 1030 , that high above 1030 during the first 15-30 min would be the perfect Stop Loss and stay Short in Icici Bank.

See you all tomorrow live .

SS

Trading Is A Journey In Self-Discovery

I know a trader, let’s call him Leon. He day trades Futures. He has been actively trading for several years. His profits are erratic and undependable, often going dramatically up and down in the same session. When Leon is making money his confidence soars and he feels like he is a power trader. On the other hand, when he loses money, which is more times than he cares to admit, he feels like a failure, a loser and stupid.  For quite some time Leon has wondered why he can’t be consistently successful, and why his drawdowns tend to be much larger than his profits.  He wonders this even though he has no Business Trade Plan, doesn’t consistently document his trades and despite having numerous rules, tends to violate them regularly.  Leon doesn’t have a clue and wonders why he can’t get different results even though he continues with this pattern of behavior. Leon is out of control and unless he changes he is headed for a financial ice-cold shower.  Are you Leon?

If you want to change your behavior, you must first change your thinking and since much of your thinking is driven by your unconscious, you must become aware of your underlying self-sabotaging beliefs that drive thinking, emotions and behavior.  Trading is arguably the most difficult business venture on the planet; why?  Because we are talking about money, and with every tick while in a trade you are either gaining or losing money. But, it goes beyond that.  Money is not only the cornerstone of our society, it is tied up in your identity.  If you are winning it, you often feel powerful, competent, intelligent or “good looking” and if you are losing you feel impotent, incompetent, stupid or “ugly.”  The fact of the matter is that when you go to the market you invariably are expressing yourself; whether you want to, try to or feel a need to, it doesn’t matter, you are and will express yourself.  And, when expressing yourself your behavior is tied much of the time to unconscious beliefs.  Actually, when you are in the markets, every blemish, weakness and character flaw in your personality will be challenged, called out and tested.  Now, that doesn’t mean that the markets are doing that to you.  On the contrary, the markets have no intention for you – even though you may have often wondered how the markets knew that you just placed a long trade and how they chose that exact moment to reverse!  Also, there are no rewards, punishments, pain or risk in the markets, only consequences.  You provide all the rest.  And, with changing yourself, you must provide all the ingredients for that as well.

You can’t change what you can’t face and you can’t face what you don’t know.  Awareness is key.  The more aware you are of your underlying self-sabotaging beliefs the more you can position yourself to begin to address these issues – one at a time.  Now, you might be asking; how do I do that?  How do I become more aware if these limiting beliefs are unconscious.  Good question!  You become aware by simply asking questions of yourself, and by introspection and more importantly by personal observation as you are going through market observation.  By checking yourself and checking the market you’ll begin to gain an awareness of why you have no Business Trade Plan or failing to follow the one you have.  Why you have no Trade Journal, or failing to document in it.  Why you are continuing to do things that you say you must stop doing; and why you are failing to do those very things that you say you must do.  Once you identify the underlying self-sabotaging data, you can begin to deal with them…one issue at a time.

So, trading is a journey in self-discovery, and you must begin to pull back the layers of your unconscious onion, one at a time to begin to realize and recognize what is motivating you to behavior that is producing results that you don’t want.  There are essentially two kinds of data with respect to trading.  Many traders miss this fact and therefore miss a very important set of variables that impact heavily upon their trading.  One type of data is mechanical data, which are everything that have to do with the markets; that being, news, technical analysis, instruments, indicators, etc..  This data is external to you.  The next type of data is internal data, which are everything that have to do with your thoughts, emotions and behavior; in other words the T+E+B=R equation which impacts upon every outcome that you get.  You must manage this equation in order to manage your results.

Trading is a 100% mental and emotional game.  Either you are preparing, analyzing, processing or executing while trading; all of which require mental and emotional tools.  If you don’t have mental and emotional tools that’s like driving without a steering wheel; and you will not only lose your way but you will crash and burn without it.  And, you can’t steer if you are driving blindfolded.  You must become aware of what is between you and keeping commitments with consistent follow-through. In Mastering the Mental Game we teach you tools and techniques to put the steering into your trading while helping you to remove the blindfolds as well in order for your journey to be a joyful and self-fulfilling one.  Remember, you can’t change what you can’t face, and you can’t face what you don’t know.  

May all your trades be green.

EOD 16th Nov :

My Prey , MARUTI :

Bought at 37.50 and sold @ 58
54 percent Capital Appreciation

Lucky enough to be the buyer at the lowest intraday option price of maruti . Was that Magic ?
No, I sticked to my yesterday trade plan , will catch , short trade on maruti in the opening ticks with 1485 SL

NIFTY :  Yes...I am smiling :)
                It was bang on the way I wanted.

I had saved my SL as per the Nifty Move. Because risk reward ratio was hugely in favor of shorts ,as per my analysis.
I was out of the terminal , could not update the live trades post 11.10 am.

Bought at 77 and sold @ 101 ( Aaah I never knew we would fall so so rapid , I would have reaped more)
Never mind : 30 percent Capital Appreciation

BELEIVE YOURSELF and do your homework hard before you enter into trading timings.

I am position less and sitting with cash.
Next Week , new hunt , new prey :)

Enjoy the weekend fellas because remember you are not born to be successful . You are not born to be rich. You are not born to be famous. You are not born to  feel secure ,accumulate gold,lands , flats.
Leave these tangible expectations of life for females.

You are born to enjoy Nature. You are born to enjoy life.
Don't miss out the prime motive of being in this world. Live life ,live moments. Moments of truth. Ambition, Profession ,dreams , money,hobby ,duty  should always be secondary.I hate all time market folks.
Smell your wife today , go out ,find mountains ,bonfire...have the best wine , enjoy the local village tandoori food ,laugh smile and throw that pressures of life at bay.

SS

16th Nov :

MARUTI :

10:00 AM

Went SHORT 1500PE @ 37.50
Stop Loss Spot maruti day high 1477

10:40 AM

SHORT NIFTY 5700PE @ 77
 Stop Loss @ 75

10:56 AM

MARUTI new intraday low now in red.
Stop Loss at Cost now.

11:10 AM

Let it go the way I want.
NIFTY Stop Loss @ 79 now
bought @77


SS

Trade Setup for 16th Nov :

EOD 15TH NOV :
                             Absolute fantastic fishing by the lake.
TITAN : Bought at 4 sold at 7
75 Percent Capital Appreciation.

PANTALOONS :Bought at 3.50 sold at 6
71 Percent Capital Appreciation.

NIFTY : I had a VIEW on Nifty ,it blasted. Bulls bleeding. but did u find me trade in nifty ? No..
Keeping view about something you want to trade is is the best practice.
But trading before you find a grip on your view is amateur.

Contract Notes are with me if any one's interested.

Set up for Friday :

This is crucial. Tomorrow is a very important day. The volumes what we have showed up today , I have a inclination towards a black friday tomorrow.

We are capable enough doing 5550 in quick time.

I have dropped my bullish view for now , provided tomorrow is some magical upmove.
I will try to eye Go Short in Nifty now.
Entry levels would be spotted during markets hours using 2/5/30 min charts.

NIFTY Daily and NIFTY Weekly :

Stock Pick :Will try to pick short entry opportunity in MARUTI.

It has closed in green Thursday in spite of nifty fall. Morning we should get a fair price at least to initiate the trade.

Trade initiation will be done solely on the base of its tomorrow behaviour , 2/5/30 min charts.
My whole plan can go into trash if things don't show up but that wouldn't stop me from planning my prey.

Current Mrp : 1466
SHORT MARUTI
1485 Stop Loss
1450 ,1430 are targets.

I mite find difficult tomorrow to update live trades. I will be in travel mode tomorrow.

Please Note : Following a view and following a trade are completely different things. Trading is few zillions time tougher job than keeping a view for the market moves.

SS

EOD 12th NOV :

NIFTY : As expected , absolute flat day. Great we did not trade Nifty.
TITAN : Making new day high in last 30 minutes...those who went long like me..Enjoy
PANTALOON : Inching towards day low , 30 min chart stay bearish ,nicely caught. Will hold overnight.


HAPPY DIWALI TO ALL OF YOU.
I am not trading tomorrow , why to desperately trade when we have such a beautiful festival on the day. Will be busy in it.


Lets meet for live action after Diwali holidays.


SS

12 NOV :

11:35
NIFTY : Aaah its falling. Currently 2 min divergence showing crossover , indicating a small pop up.
Rest all timeframe stays clean Sell.

So , as our daily analysis , we have to strive for long opportunities.
Hence lets stay away from Nifty. From All directions and indicators , its screaming SHORT.
But , I am expecting a flat range bound day ,lets not trade nifty today.

PANTALOON :  I have went short in 190PE @ 3.5
                            Sell order placed at 6
                            Lets wait how it goes. Its not a intra day trade. Positional if sell order not filled today.

11:45 Am

The expected small pop is dong good.
One good trade can be going long with stop loss at 22ema 5680 . But it would be too early to take the call.
I am not impressed by 30 min Nifty chart . Lets give it more time to confirm that the time has come to go long.
5 min crossover took place as well , if we hold these prices till 12 noon ,  I will be in , in longing Nifty.

LONG TITAN . I have been tired of giving bullish views about the counter.
How can you miss it , which is making new 52 week high each day and holding strong.
The up move should stay intact in this festive season , where gold prices rally.

12:00 noon

I am staying away from Nifty.  I am expecting flat range bound moves and don't want to get my SL hit due to slow sluggish boring moves.

I am LONG in TITAN and short on Pantaloons. Both Positional if today sell orders don't get filled.
Its always a better way to sit long on one counter and short on another in range bound sessions.


SS

Trade Set Up : 12th Nov

NIFTY :  Support zone lies between 5650-5686
                Daily MACD has gone flat indicating again that slow sluggish moves before any breakout.

5650-5686 is the LONG accumulating zone.
All STRICT STOP losses near 5645-5650

If we trade above 5686 , STAY LONG with first stop loss 5680 (22 ema)

             

Yet again , I will try to find opportunities for going long than shorting.
Lets catch live trades on Monday.

Stocks : I am eyeing long opportunities in TITAN and INFY

SS

7th NOV :

Pre Market : A expected opening ,again into that frustrating range of 5630-5730
                       Lets gauge the market movement and try to look buying opportunities on dips.

                      SBI , INFY ,TITAN will be the stocks that should make money for us today.

10:00 am :

Here is the needed breakout. Obama takes the credit.
Markets are ticking crazy. I will wait more for markets to settle down. Identifying trade in fast ticks is a bad idea.

10:15 am :
Close Encounter trade :

5900 PE @ 145
Stop Loss 138

10:17 am

TITAN 300CE @ 5.50
Stop Loss Spot 288

10:52 am :

Nifty 5900 PE : SL hit. A bad desperate trade against the flow.
                    5 percent capital depreciated.

TITAN : Sell order placed 6.70 bought 5.50

11:14 am :

SBI 2250 CE @ 56.50
Stop Loss SBI spot 2211 current spot 2216.50
Close Encounter

11:30 am

Why to shy away from Longing Nifty ?
Wonderfull intraday chart pattern.
Lets go for farther strike , they should reward much better in this nice run.

5800CE @ 66.50
Stop Loss 63 , spot 5750

12:00 am

5740 should work as ultimate stop loss for longs.
Aggressive LONG traders , come on , get into now...

12:20

TITAN (Confident pick) has played the MAGIC.
300CE sold at 7 bought at 5.50
WHOPPING 27 PERCENT CAPITAL APPRECIATION.

Beleive in yourself.

1:15
NIFTY 5800CE Bought at 66.50 is trading at 78 , placing the SL @Cost
Target : Would square off near 86

Rest What to trade , Nifty is best to trade . Eyeing SBI and INFY for long , but will stick with NIFTY today.
Its all going good.

1:47 pm
SBI 2250CE SL HIT @61 bought at 56.50
9 percent Capital Appreciation.

Currently Holding only Nifty 5800ce sl @ cost ...intent to sell at 86

2:10 pm
I will dare to hold Nifty Longs if I dont get a fair price today. All technical s are good for bulls. y to sell early.

2:15 pm
TITAN looks very convincing to me.
Lets go with Futures this time.
Current SPOT 294.10 Target new high...spot 297
LONG
STOP LOSS SPOT 293.20

2:30 pm :

TITAN future trailing the SL @ Spot 293.95
Ensuring Minimum damage if any.
Current Spot 294.50

Got hit....minimum damage. Never mind


I am done for the day.
Nifty call will be held overnight ,I should get a better price tomorrow opening or by friday close.

I will be rarely posting for rest of this week.
I am on move and have lots of travel.
See you all regularly from Monday.

Will try to pop up in between during this week.

GoodLuck.

SS
                      

6th Nov :

9:30 am

NIFTY : Each DIP is getting bought as per our analysis , lets wait more to get market settled.
TITAN : Importance of a powerful homework. Amazing buying in Titan after the opening ticks.
INFY  : Finally our pick till yesterday for longs has started moving.

9:45 am

Nifty : BUY 5700CE @  96  SL  92

9:50 am

5700CE @ 96 , trailing the SL to Cost. 96
5700ce is picking premium suddenly. The spot was above current when I bought at 96 now spot is lower and yet its above 97 , good sign for bulls.

9:55
The Good Sign has showed up. Kangarooo Tail in 2 min chart..
LONG FULL THROTTLE with SL 5701 SL

10:15 am

Trailing the SL @ 101
Cofeee ?

11:30 am
Smaller timeframes showing some fall , but larger timeframes hold a solid bulls front.
Buy each dip.
I am on with my 5700CE with SL 101

11:45 am
5700CE made a low near 105.50 when spot hit the low near 5710.
If the smaller time frames are in mood to make a newer low , let them do it.
We wont allow our position to lose  penny.

2 min time frame crossover happening , we might zoom up 5715 in few minutes....
Trailing the 5700CE Stop Loss @ 105.50

12:06 pm
Yeah we did , 5715 + now...along with macd crossover  , 13/22 ema crossover in 2 min chart.
Trailing the SL @ 106.50
Note : This 1 point increase in SL is 1 percent more capital gain locked.

12:32

My SL got hit @ 106.50
After a long ride on the long ....
11 percent Capital Appreciation.

Considering the big event in US , global markets may go hay way overnight and tomorrow.
Please stay position less and sit with Cash.

Though I am bullish , I am of the view its better to take the money out of the table.
Thats exactly what smart traders have started doing now. We are back near 5706...


12:52 PM

SHORT SBI
2150 PE @ 59.30 Stop loss 56 and would be trailed as prices move.

1:30 PM
Please trail the stop loss accordingly and square it by end of day.
I am out for the day for another assignment.
EOD post will be updated late in the evening.

EOD :
gRRR Sbi put hit the stop loss. a bad trade.
6 percent capital deprecation.

Net : Overall makes a good day. That's exactly I call trading as a business. You win some transactions you may lose in few but net you maintain a positive balance sheet.

All analysis stays same.
I am in wait and watch mode, probably want to buy all dips for a fantastic close by friday may be 5850+

SS

Trade Setup : 6th Nov

NIFTY : Buy each dip. All views stay same as last post.

STOCK : Once in a while you catch such beautiful neat chart for positional long.
                TITAN : Current spot 290
               
Beautiful Positional Long Trade with SL 285

SS

5th Nov :

10:15 AM :

Nifty aaaaaj too slow and sluggish to trade.
Infy : Not going as per the initial plan . It happens , it happens infact most of the time. Things wont move the way you want.
But will that stop us from planning at the first place ?
NO....if it not shows up as per the expectation , the option is LEAVE IT and if luckily it goes as per your analysis , make a killing and get profits.
Sadly today I see no opportunity to go long currently in Infy.

What I am eyeing for now ?
BUY
TITAN
Spot Current : 290.80
Stop Loss : 290

10 :30 AM :

Are you safe in TITAN ?
The spot dip below 290 for split second but got lifted.
Did your SL survive ? Mine did.
I am in 300CE @ 5.5 and SL 5.

10 :35 AM
Hola , what a spike...........
Now trailing the SL to 6

Let it Run....................

11:10 AM :
Titan Spot current : 292.50
Trailing SL hit in Titan 300CE @ 6
10 Percent Capital Appreciation in 60 minutes.


Waiting for Re-Entry in Titan Very soon. It should break away from day high 293.80

12:30 PM : NIFTY :

Buy 5700CE @ 87 SL 84
Close Encounter.

Nifty . Concentrating on the yesterday chart , lower side we have ample amount of supports.
As per the plan we have to go buy and dips.
The dip was quick , but lets be quicker and initiate a long trade with very very small SL.

12:45 pm

NIFTY : Falls coming quick. "Better be safe than Sorry "
               5700CE bought @ 87 now stop loss trailed to 86.20

If we lose , it should be just 1 point only.

Enjoy a cup of coffee now :)
More the prices are passing time trading above intraday 13/22EMA on smaller time frames , the coffee is tasting sweeter.

Nifty SL taken away.
The expected quick falls came back.
What did I lose ? just 0.80 points....around 1 percent of the capital depreciated.

Staying away from Nifty for intraday bounce.
All eyes on old horse Titan now.

Gauging it for the entry point to initiate long..........

2:02 PM

Buy TITAN 300CE @ 4.75 Stop Loss spot 288 option 4.30

3:05 pm

Sold TITAN 300CE @5.50 bought at 4.75
                                  13 percent Capital Appreciation.

EOD NIFTY : Smart traders bought the DIP and we are well in green now.
                        Rest Analysis stays same as yesterday post .
                        Today was a expected day ,where Nifty confirmed the base on downside.
                        Steam to the upside will be picked as we move ahead in the week.                             

SS

Trade Setup : 5th Nov

NIFTY :

Daily charts say it all ,downside we are filled with lots of supports.
Least resistance path for Nifty is UPSIDE.
The range 5630-5730 should break now , if not tomorrow or day after ,I am looking for it to be breached in style by end of this week.

Note : MACD crossover if takes place this time , don't fall behind by NOT longing it. Spot should shoot above 6000 this time in Nov Series , if we tend to move this way.

My first target stays as before 5850.
Its a BUY on opportunity markets at least by current stats how Nov series is panning out.

What if like Friday , we open a GAP UP ?
Risk Reward ratio is the factor you should always consider while initiating any trade.
On Friday , if you note : I did not Long nifty after open . Why ?
No prizes for guessing , risk reward ratio was not fair enough, why not rather pick some hot shot Nifty stock and watch how its trending. My finest pick on Friday was INFY.

And tomorrow as Well ,

Lets keep a STOCK Trade homework intact :

INFOSYS :

I want to LONG INFY .

Who wants to miss daily MACD crossovers , or daily EMA crossover or the GAP that has to filled yet on the upside.

The chart is self explanatory.

I am eyeing LONG opportunities in INFOSYS.

Blog will quote LIVE TRADES from tomorrow as soon as I initiate mine.
See you all tomorrow.

P.S. : 9:15am - 9:45am : I don't consider markets worthy of trading.
                          Only amateurs/gamblers initiate fresh trade during this opening first half an hour.
                           I wait till market settles down and provides me data.
                           The data forms the base of my trades.
                           Expect me going live post 10 am.

Good Luck All.
SS

EOD 2nd NOV :

INFY : Did you miss my morning trade that I posted 10 am ?

INFY 2400CE @ 40 and next 1hour it was roaring at 56....and swiftly slid down near 45.....
                          My trailing SL got hit at 48

I got 8 points....20 percent capital appreciation in a day.

NIFTY : I am wearing a big smile :)

Enjoy your weekend guys...
Will come up with trade plan for next week this weekend.

Cheers.


SS

2ND NOV :

BUY INFY
2400 CE @ 40 SL 38

GoodLuck.

EOD 1st Nov :

NIFTY : So , what a fantastic day . Nifty comeback in the 5630-5650 range and in style.
During the day , positive divergences and a kangaroo tail spotted in 30 min chart , made me to initiate a long trade for intraday and holaaaa we flew like rocket.

To start with my trade today : 5600CE @101 and sold at @124
22 percent Capital Appreciation.
I use the term 'capital appreciation' to mark that the capital blocked for this trade and in the end net new capital. You cant have that luxury if you are trading via futures.
Though Professionals treat trading via options as a bad idea , yet I am sure if you have developed the skill to control risks associated with options , no other form of trading instrument can reap such enormous returns.
I am doing good , you can as well.


My BULLISH views stays intact with very short term target 5850.

But lets recollect what my guruji quotes .."Market is Supreme"
The overconfidence kills here . Can take away your shirt in a single bad trade.
A highly successful trader in Wall Street lost his 20 years of profits in a single bad trade ,where he shorted in bulk without hedging and SL.

Importance of 5650 in Weekly Chart and a Friday tomorrow :

Bulls say we should close above 5650 tomorrow to maintain weekly bullishness. If its evident in the later half tomorrow that we have high chances of closing above 5650 tomorrow, expect a zoom up by tomorrow itself.
May be 5700+
So identify the entry point and long it.
If you catch it , see you holidaying in Europe coming season.

But , what if its certain that we are closing below 5650 tomorrow ?

This might introduce a bearish start to the weekly charts.
I will advice , to cut all long positions if such is the case but definitely not short it.

And as I mention , it will be a just a bearish start , you cannot afford it to SHORT it , at such early indications.
My bet for November Expiry is NOT  to SHORT , ENTRY at opportunities to GO LONG.
I repeat my first post of the blog...history repeats in the world of technical analysis. Like us, Nifty too celebrate diwali each year.


SS