Monday, 19 November 2012

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

10 comments:

  1. abey laude tu to bullish tha nifty pe diwali ke pahle ab kya hua? bade bade charts dikha raha tha how it is bullish aur ab kya hua ekdam se bullish se bearish chart par bhi??

    apni baat na badal aise. kaun vishwas rakhega be terepe?

    ReplyDelete
  2. Dear Naveen ,

    Motive is to make money not prove the views are right. I go how the charts show.

    I was bullish during diwali but please find my trades . Trading is the main game.

    Rest everyone has a view , I had it did not work.But I did not lose a penny cus of it.

    Tradings is few zillions time tougher than trading. Watch the way I trade , live trades.

    Rest views you can find on any random blogs,websites.

    ReplyDelete
  3. good morning . iam new to your blog.

    ReplyDelete
  4. what is the maruti levels today? what is the status of maruti? is it buy or sell?pls advise. sathya

    ReplyDelete
  5. Hello Sathya ,

    There is some news flow in maruti.
    Currently its a BUY . I will not short it at any point of time.

    I prefer to stay away from counters showing odd moves.

    ReplyDelete
  6. thanks a lot. sathya

    ReplyDelete
  7. what is the positional stop loss for maruti buy and sell. kindly tell me.sathya

    ReplyDelete
  8. Sathya jeee :

    Sorry ,I have no homework in maruti currently so would not be able to comment much.
    Intraday charts suggests me to stay away from Maruti. Please dont short it.
    I will try to post my views after market hours on maruti.

    My call focus currently is on Nifty.

    ReplyDelete