Monday, 5 November 2012

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






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