Position Update : 27th Oct

*** INTRA-DAY TRADES *** * Buy Mini Nifty above 6073, sl 6044, tgt 6094/ 6114.Sl Taken Bank Nifty total points : 75 points Mini Nifty total points : -29 points. ———————————————————————— *** NEW TRADES ***Buy Sbi in cash at 3190, sl 3169, tgt 3245. BTST Booked 50 % at 3210. Sl taken on balSEll Bank […]

Trade Summary : 26th Oct

*** INTRA-DAY TRADES *** * Buy Nifty above 6120, sl 6104, tgt 6140/ 6160.Tgt 1 done. TSL at 6129 taken on bal positions.* Sell BankNifty at 12400, sl 12445, tgt 12340Booked profits at 12380 * Buy Nifty 6100 call at 50. sl 43, tgt 69Sl taken at 43 Bank Nifty total points : 20 points […]

Slow Slide

The Nifty has been able to wrap a lot of traders in tangles, especially those who are anticipatory by nature and do not really listen to the message of the market. WE know that if a market auctions below value and below VWAP, shorts would give you more profitable results than longs. In the one […]

Trade Summary : 25th Oct

*** INTRA-DAY TRADES *** * Buy Nifty above 6140, sl 6123, tgt 6160/ 6180.Tgt 2 done. TSL at 6145 taken on bal positions. * Buy BankNifty at 12540, sl 12500, tgt 12600tgt 1 done. * Buy Reliance 1100 call at 13/ sl 9.Exited at 11.55-12. Bank Nifty total points : 60 points Nifty total points […]

Nifty goes up, then down

The strong upmove we saw in the Nifty did have the trappings on a trend day, but the similarity ended at the end of the first hour. Subsequent failure to go past the IB high meant that the range breakout of 6160 would be tested again- a test which eventually failed. Value was established higher […]

Market Profile webinar

Over the weekend, we received quite a few emails about the charts Shai posted on Market Profile on Saturday here If you watched the action from the morning, this upmove began from 6125 levels and halted at 6180 and so far the weakness from 6180 has again halted near 6125. 6125 is the red horizontal […]

Trade Summary : 22nd Oct

*** INTRA-DAY TRADES *** * Buy Nifty at 6106, sl 6090, tgt 6130.Sl taken* Sell BankNifty at 12420, sl 12470, tgt 12370/ 12305tgt 1 done. Exited at 12370 and 12390.* Buy Mini at 6072, sl 6044, tgt 6125Booked profits at 6096. Bank Nifty total points : 50 points Nifty total points : -16 points.———————————————————————— *** […]