Friday, 16 November 2012

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.


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