TRUST !

If u cannot TRUST yourself who can you trust ?
Trust Your Rules, Trust your plans.
Trust that you will do the right thing-no matter what !

27 Intra

Shorted 5450 sl triggered @ 5462
Long 5462 Target 5490[but days high 5482 only]
Tsl triggered @ 5460
Total loss 14 points Rs1400/-[2lots]

27 May

Niftyfuture[5391]-
Resistance
5420
Support
5350
Happy Trading !

26 Intra

Bought @ 5376 sl 5360 Target 5412.
TSL triggered @ 5390 [Dayhigh 5407]
Todays Profit +14 Rs1400/-[2lots]

Shorted @ 5390  sl 5407.05
Booked 50% @ 5376
Remaining 50% TSL 5390.05
Booked@5360
Total profit +36 points Rs 3600/-

25 Intra

Shorted @ 5365  SL  5373.05  Target 5332
Buy above 5373.05 sl 5355 Target  5400  5420.

Booked 50% @ 5342 [12:35]
Booked Remaining 50% @ 5332

Total Profit +28[in a Narrow Daysrange of 40,we earned 28 points]
Rs 2800/-[2lots]

25 May

NiftyFuture[5388]:
Resistance
5420
Support
5355
Happytrading.

24 Intra

Shorted @ 5405   SL 5414  Target 5355.

SL Triggered @ 5414[in a falsebreakout,after touching a low of 5385]
-9points[12:48]
Once again shorted @5409 SL 5418.05 
Booked Profit @ 5390 plus 19 points.
Total Profit 19-9=10points Rs1000/-[2lots]

24 May

NiftyFuture[5383]:
Resistance
5420
Support
5340
Happy trading !

23 Intra

Shorted @ 5425 SL 5440.05 Target 5375

Booked 50% @5490,
Remaining 50% @ 5480[daylow 5472]1:05pm]
Total profit  plus 40 points Rs4000/-[2lots]

Confidence !

Confidence:absolutely essential for Trading in stockmarket,
an environment that feeds on EmotionalInstability !
Trading is a business necessitiating that one does things causing some degree
of consternation from time to time.Trading is an institution yeilding few victors
at the end of the day. Having the Confidence,ability to buck the Crowd is something that
can help you achieve great things!

20 Intra

Shorted 5476 SL 5490.05 Target 5445  5420.
Buy above 5490.05[SAR] SL 5484 Target 5520.
Flag Pattern Continues, which side it breaks ???

Yes, broken downside,but only 1st target reached,
Booked 50% 5445, Remaining 50% TSL triggered 5475
Profit 15 points

Bought @ 5490 SL 5484 Booked Profit @ 5520 [Target reached] day high 5522.4
Profit plus 30 points
Total profit 15+30=45points Rs 4500/-[2lots] 

20 May SymmetricalTriangle in NiftyFuture !

Today is an Inside Day[InsideBar]
NiftyFuture[5425]:-
Resistance
5450
Support
5400
Symmetrical triangle in NiftyFuture,which side it breaks remains to be seen,

If trades above 5450,Target 5520.
If trades below 5400 Target 5350.
Happy trading !

19 Intra Extremely Narrow Range!

Today Bought @5430 Tsl triggered@5420.
Later call given to Sell@5433 sl 5438.05
Just missed by 2 points,but who have sold around 5430,could have booked 20+  profit points,
But i do not claim this profit,
Todays Loss 10 points Rs1000/-[2lots]

19 May

NiftyFuture[5424]-
Resistance:
5465
5442 
Support
5405 
5390
Happy trading 

18 Intra

Shorted 5442  SL  5464.05  Target  5400  5375.

Booked 50% @ 5400[12:54pm].
Remaining 50% TSL triggered 5430.05
Total profit 27 points Rs 2700/-[2lots]

18 May

NiftyFuture[5447]:
Resistance:
5500
Support:
5420.
Below 5420, 5370 ?? 
Happy trading !

17 Intra

Sold 5470  SL 5495  Target 5380.
Price retraced upto 5491 only SL not triggered !

Booked 50% @ 5430[2:00pm]. +40
Remaining 50% Trailing Stoploss Triggered @ 5442.05  +28
Total Profit +34  Rs3400/-[2lots]

17 May

NiftyFuture[5489]-
Resistances:
5520
Support:
5460
If Trades below 5460, Target  5370.
Happy trading! 

Rectangle in Nifty ! Positional !

Another Rectangle being formed in NiftyFuture between  5622 & 5465!
If breaks above 5622, Target 5720.
If Breaches&trades below 5465.  Targets 5370,  5320.

16 Intra

Shorted 5515  SL 5534.05  Target  5470

Timely message sent,Booked Profit @ 5480.
Profit +35 points. Rs3500/-[2lots]

Consistent WINNER!

Qualities of a Consistent WINNER.
1.Objectively Identifying the Plans.
2.Predefining the Risks of every trade.
3.Accepting Risks & willing to let go of the trade.
4.Acting on the plan without Reservation & Hesitation.
5.Paying yourself when SL [stoploss]hits,as the market makes money available.
6.Never violating the above rules!

12 Just Believe in CHARTS !

ForiegnInvestors are Buying for the last three days,
IIP Nos are Good,
But Markets have fallen !
Chart knows everything that the news is coming ![even the hidden news that you & me donot know!]
Everything has been factored into charts,hence the Price Pattern!
If we believe in chart, money making will become by product of  our trading !

Today 1st trade shorted 5545   sl 5553 triggered, minus 9 points
2nd trade shorted 5525, 50% booked @ 5490  Plus 35 points
Remaining booked @ 5475. Plus 50 points.
Total 42-9=33, Rs 3300/- [2lots]

12 Intra

Sold 5545  Sl Triggered 5553 due to whipsaws from IIP Nos.
Sell call below 5525  sl 5540.05   Target  5475  5450.
If trades  below 5525, Selling pressure may get accentuated!

As i said,Below 5525, Freefall upto My Target 5475 [DayLow 5470]
See the chart,

12 May Nifty is Ready for Runaway !

NiftyFuture[5565] Nifty is stuck in a range 5600 & 5500.
Now ready for breakout ! But which side, IIP nos seem to be the deciding Factor!
Tomorrow if Nifty trades above 5594,  Target 5700
If trades below 5536, Target 5450, 5425.
Happy trading !

11 Very Narrow Range !

Sold @ 5558 sl 5570.05
After touching a low of 5538 [1st target 5530] Sl triggered.

Once again sold 5566  Covered 5560

Today Loss Rs 600/-[2lots]  

11 May AscendingTriangle brokenDownside !

NiftyFuture[5546]-
Resistances
5605
5570
Supports
5522
5497
If trades above 5605  Target 5680.
If trades below 5497, Target 5425
Happy trading !

 Ascending triangle broken downside,below 5570,Hence
5570--5605 acts as a Strong Resistance !
Height of the triangle 150 points,
Now NiftyFuture Target, 5420  sl 5605 

Ascending Triangle in Nifty !

Breakout above 5605.05 in NiftyFuture, SL 5580.
Target 5670.

                                                            5days Intraday chart                                                                          Sold below 5590[12:10}   Stop& Reverse 5605.05  Targets  5550  5450.
TSL triggered 5541. DayLow 5517. Profit rs4900/-[2lots]

10 May

NiftyFuture[5559]-
Resistances 5604
                   5582
Support:     5536
                  5514
Happy Trading ! 

9 May Intra update

Sell call given @ 5570  sl 5585.05  Target  5540

Booked profit @ 5555.[3:07 pm]
1st trade loss 12 points
2nd trade Profit 32 points
3rd trade Profit  15 points
Total Profit 35 points, Rs 3500/-[2lots] 

9 Intra

Sold below 5519  sl 5531.05  Target 5475.
Buy above 5531.05  sl 5515  Target  5550  5575
Lets see

Long triggered above 5531.05  Trailing stoploss 5520
1st Target reached 5550 [1:04 pm]
2nd Target also reached 5575.[1:11 pm]

9 May

NiftyFuture[5555]:
Resistance:
  5613
  5584
Support:
 5526
 5497
Happy trading

Freedom to Create !

The market offers the trader an opportunity to profit from price movement.
This is an environment where the individual has the freedom to create his own results,
unimpeded by many of the constraints that exists in everyday social life!
These never ending opportunities make the market a perfect mirror of the traders attitude!

Happy Earning

6 May NIfty Rectangle Target Done !

Nifty Rectangle Broken DownSide 5700.
Target reached 5450 !
If takes support here, upside targets 5550, 5630.
If trades &closes,below 5450, Target 5200 or even Lower !
  

6 May 2011 
NiftyFuture[5458]-
Support 5425 5392
Resistances  5490  5524

5 May

NiftyFuture[5538]
Support  5493  5515
Resistance  5560  5583
Happy trading

Tomorrow never dies!

I find it extremely difficult to send Timely messages intraday
with Way2sms.com[frequently logged out]. I am trying to arrange my own SMS modem.
Hence bear with me for 2 or 3 days  for better tomorrow. 

4 May

NiftyFuture[5569]

Support 5480 5525
Resistance 5615  5660

Happy trading !

Nifty Rectangle Broken Downside !

Nifty Rectangle broken downside,
nosediving towards Target 5450.

3 May

Nifty Future[5725]

Support 5680 5700
Resistance  5750 5770

Happy Trading

May NiftyFuture Positional Targets !

Previous Months DirectionalPlay followed by cashing the Theta by selling Options,
Now followed by another directional Play,which side?
Rectangle between 5950 & 5700 being intact !
Ready for breakout,
On closing basis above 5950, Target 6200.
below 5700  Target 5450.

 A Strong Trendline resistance on upward, if breaks above 5950,chances are likely all time Highs,Can BULLS be able to ???  If not then, below 5700 on closing basis, 5450, or even lower?

2 May Intraday

Sell below 5752[small descending triangle]  sl 5762.05  Target 5705
Sold 5752 Target reached 5705,but TSL triggered 5730
Profit rs 2200/- [2lots]

2 May 2011 Monday

NiftyFuture[5754]
Support 5700  5725  Resistance  5780  5810

                                                                  5days intraday chart

If trades above 5810 may target around 5900.
If trades below 5700 may target  5625.

Happy trading !