Tuesday, 6 November 2012

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

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