03 February 2014

On 31 Jan 2014, No trades made as the NF is in range and not given a good risk reward trade to do. 

Nifty is long with a stoploss of 5983 NF holds daily & 5984 NF holds on hourly.

Targets for the trailing longs 6157 range. 

Trade with strict stoploss to safeguard the positions.  Break of these stoploss levels can drift Nifty slowly down till 607x levels. Break of 607x can trigger NF to 600x levels. Will revisit if the stop breaks else will continue to hold the longs.

If the Nifty moves towards our trade direction, will hold with a new revised stoploss. Else will hold with the current stoploss strictly. Now hold the position until next signal come.

Stay tuned for exact entry in trades.

****Read the disclaimer before you take trading decisions.

31 January 2014

On 30 Jan 2014, No trades did due to expiry. Now holding 5983 NF, can take NF upto 6175 levels one more time. NF not crossing 6175 level, can drift NF to lower levels. Trade with small stoploss at the given levels. 

Nifty is long with a stoploss of 5983 NF holds daily & 5984 NF holds on hourly.

Targets for the trailing longs 6175 range. 

Trade with strict stoploss to safeguard the positions.  Break of these stoploss levels can drift Nifty slowly down till 601x levels. Break of 600x can trigger NF to 588x levels. Will revisit if the stop breaks else will continue to hold the longs.

If the Nifty moves towards our trade direction, will hold with a new revised stoploss. Else will hold with the current stoploss strictly. Now hold the position until next signal come.

Stay tuned for exact entry in trades.

****Read the disclaimer before you take trading decisions.

30 January 2014

NF touched 6175 and sold puts (small quantity sold at 80) covered at 47. Hope all traders covered the puts. 

NO TRADES ON TODAY. WILL VISIT FOR FRESH TRADES IN NEW SERIES.

****Read the disclaimer before you take trading decisions.

29 January 2014

Weakness continues and no long trade is taken in NF, but small quantity of 6200PE sold @80 on 27 Jan 2014. Holding the short positions in puts. Hold puts with stoploss of 100. Try to cover the puts near 6175 NF.

Trade with strict stoploss to safeguard the positions.  

Stay tuned for exact entry in trades.

****Read the disclaimer before you take trading decisions.

27 January 2014

Global markets showing weakness and same reflecting Indian markets as well. On Monday, if NF opens above support levels, then go long and if NF opens below support levels then go short. Keep the levels to play.

Nifty is long with a stoploss of 6201 NF holds daily & 6266 NF holds on hourly.

Targets for the trailing longs 631x/633x range. 

Trade with strict stoploss to safeguard the positions.  Break of these stoploss levels can drift Nifty slowly down till 6156 levels. Will revisit if the stop breaks else will continue to hold the longs.

If the Nifty moves towards our trade direction, will hold with a new revised stoploss. Else will hold with the current stoploss strictly. Now hold the position until next signal come.

Stay tuned for exact entry in trades.

****Read the disclaimer before you take trading decisions.

24 January 2014

On 23 Jan 2014, closed all longs @6354 for the trailing longs carried (@6254). NF has support now at 6322/6292. Break of 6292 can drift NF to 6151. View is valid for 24 Jan 2014.

I will be away on 24 Jan 2014. Plan your trades as per levels with small stoploss. 

Nifty is long with a stoploss of 6151 NF holds daily & 6292 NF holds on hourly.

Targets for the longs 640x range. 

Trade with strict stoploss to safeguard the positions.  

****Read the disclaimer before you take trading decisions.

23 January 2014

As mentioned on 22 Jan 2014 post (6295/6282) Nifty corrected till 6291.6 and Intraday added longs at 6295 with stop of  6272 gave target of 636x and closed intraday longs at 6361 (NF made high of 6366). Hold the trailing positional longs (taken at 6254) for the targets with stoploss given. Only trailing longs are carrying for higher targets. Book the longs fully near targets.

Nifty is long with a stoploss of 6156 NF holds daily & 6247 NF holds on hourly.

Targets for the trailing longs 637x/638x/639x/641x/645x range. 

Trade with strict stoploss to safeguard the positions.  Break of these stoploss levels can drift Nifty slowly down till 6247 levels. Break of 6247 can drift till 6156. Will revisit if the stop breaks else will continue to hold the longs.

If the Nifty moves towards our trade direction, will hold with a new revised stoploss. Else will hold with the current stoploss strictly. Now hold the position until next signal come.

Stay tuned for exact entry in trades.

****Read the disclaimer before you take trading decisions.

22 January 2014

On 21 Jan 2014, Nifty gave the targets of 633x/634x for the longs taken @6254. Hope safe traders did the part/full booking @6330 and @6340 as suggested in previous post. As given NF 6352 was held on 21 Jan 2014. There is a possibility of correction till 6295/6282. Trail the balance with the stoploss given. Nifty may move in sideways going forward. No fresh trades in Nifty advised as the risk (stoploss 6156) reward is not good at this point.

Nifty is long with a stoploss of 6156 NF holds daily & holds on hourly.

Targets for the trailing longs 636x/637x/639x range. 

Trade with strict stoploss to safeguard the positions.  Break of these stoploss levels can drift Nifty slowly down till 6156 levels. Break of 6156 can drift till 5923. Will revisit if the stop breaks else will continue to hold the longs.

If the Nifty moves towards our trade direction, will hold with a new revised stoploss. Else will hold with the current stoploss strictly. Now hold the position until next signal come.

Stay tuned for exact entry in trades.

****Read the disclaimer before you take trading decisions.

21 January 2014

On 20 Jan 2014, Nifty gave opportunity for those who missed to go long at hourly level given (NF made low 6248 on 20 Jan 2014). NF made a high of 6332.  Safe players can do part booking at given targets. Safe players do part/full booking and wait with stoploss for balance in case of part booking. NF Not crossing 6352 can drift down to lower levels. Safe players can enter longs again if NF cross 6352 for higher targets with small stoploss.

Nifty is long with a stoploss of 6156 NF holds daily & 6244 NF holds on hourly.

Targets for the trailing longs 633x/634x range. 

Trade with strict stoploss to safeguard the positions.  Break of these stoploss levels can drift Nifty slowly down till 6156 levels. Break of 6156 can trigger NF to 5922 levels. Will revisit if the stop breaks else will continue to hold the longs.

If the Nifty moves towards our trade direction, will hold with a new revised stoploss. Else will hold with the current stoploss strictly. Now hold the position until next signal come.

Stay tuned for exact entry in trades.

****Read the disclaimer before you take trading decisions.

20 January 2014

On 17 Jan 2014, Nifty made a high of 6330 and the trailing stoploss got triggered 6305 for the longs initiated @6245 (trailing gains of 60 points per lot). After stoploss got triggered, NF made a low of 6247 which is very near to drift level mentioned as in 17 Jan 2014 dated post. After triggering stoploss, anyone who might have shorted (6282 NF with stoploss of 6305) should have enjoyed the short level till the drift level (6247 NF), which gave approximately 40 points gain. Again longs got initiated at 6254 level with small stoploss of 10 points (6244 hourly).

Nifty is long with a stoploss of 6156 NF holds daily & 6244 NF holds on hourly.

Targets for the trailing longs 634x/636x/637x/638x range. 

Trade with strict stoploss to safeguard the positions.  Break of these stoploss levels can drift Nifty slowly down till 615x levels. Will revisit if the stop breaks else will continue to hold the longs.

If the Nifty moves towards our trade direction, will hold with a new revised stoploss. Else will hold with the current stoploss strictly. Now hold the position until next signal come.

Stay tuned for exact entry in trades.

****Read the disclaimer before you take trading decisions.

17 January 2014

On 16 Jan 2014, Nifty made a high of 6351 and the part booking of longs at nearest targets (6345) as mentioned on previous post, for the longs taken @6245. Now trailing the balance with hourly (safe traders). Since the risk reward (stoploss vs target) is not impressive, advising traders not to take any fresh trades for the targets until there is any intraday opportunity that flash during trading hours.

Nifty is long with a stoploss of 6156 NF holds daily & 6305 NF holds on hourly.

Targets for the trailing longs 636x/637x/638x/642x/643x/645x range. 

Trade with strict stoploss to safeguard the positions.  Break of these stoploss levels can drift Nifty slowly down till 6244. Will revisit if the stop breaks else will continue to hold the longs.

If the Nifty moves towards our trade direction, will hold with a new revised stoploss. Else will hold with the current stoploss strictly. Now hold the position until next signal come.

Stay tuned for exact entry in trades.

****Read the disclaimer before you take trading decisions.

16 January 2014

On 14 Jan 2014, did a offline trade as per the levels (shorted with stop of 6301, @6280 NF taken and closed the shorts and taken longs @6245 at the end of trading session with stop of 6235 as mentioned in previous post). On 15 Jan 2014 movement of Nifty gave the desired targets 6310 and beyond that made a high of 6334 for the longs carried on 14 Jan 2014 EOD @6245. Try to do part booking at nearest targets and trail the balance with hourly (safe traders) /daily (risky traders) stoploss.

Nifty is long with a stoploss of 6156 NF holds daily & 6282 NF holds on hourly.

Targets for the trailing longs 633x/634x/637x/639x range. 

Trade with strict stoploss to safeguard the positions.  Break of these stoploss levels can drift Nifty slowly down till 6244. Will revisit if the stop breaks else will continue to hold the longs.

If the Nifty moves towards our trade direction, will hold with a new revised stoploss. Else will hold with the current stoploss strictly. Now hold the position until next signal come.

Stay tuned for exact entry in trades.

****Read the disclaimer before you take trading decisions.

14 January 2014

On 13 Jan 2014 movement of Nifty gave the desired targets 6280, 6301 (looking for 6310). Did the part booking near 6253 for the carried longs @6181. At this juncture it appears there is a possibility of correction. If this appears corrective upmove safe traders can do the part booking if tomorrow opens gap up and trail the balance with  stop 6201. For risky players the stop is 6161/6151 NF for higher targets. This will reduce the cost of trailing longs. If NF opens with gap down, then 6235 is going to be safe stoploss for longs and 13 Jan 2014 NF high is stoploss for shorts. Plan your trades accordingly.

Nifty is long with a stoploss of 6151 NF holds (daily & hourly).

Targets for the trailing longs 6382/6407/6416. range. 

Trade with strict stoploss to safeguard the positions.  Break of these stoploss levels can drift Nifty slowly down till 612x. Will revisit if the stop breaks else will continue to hold the longs.

If the Nifty moves towards our trade direction, will hold with a new revised stoploss. Else will hold with the current stoploss strictly. Now hold the position until next signal come.

Stay tuned for exact entry in trades.

***Since am going out of station, will try to update on 16 January 2014.

****Read the disclaimer before you take trading decisions.

13 January 2014

On 10 Jan 2014 movement of Nifty gave trade opportunity to exit the previous holdings 6211/6201 near 6253 levels. Again went long near EOD @6181 (near closing time). Now will hold the longs with the same stoploss 6151.

Nifty is long with a stoploss of 6151 NF holds (daily & hourly).

Targets for the longs 6280/6310 range. 

Trade with strict stoploss to safeguard the positions.  Break of these stoploss levels can drift Nifty slowly down till 59xx. Will revisit if the stop breaks else will continue to hold the longs.

If the Nifty moves towards our trade direction, will hold with a new revised stoploss. Else will hold with the current stoploss strictly. Now hold the position until next signal come.

Stay tuned for exact entry in trades.

****Read the disclaimer before you take trading decisions.

10 January 2014

Due to personal works, was unable to post updates on the Nifty trades. View remains same and there is no change in it until the support breaks. Do not remain long if support break. Suppose if NF goes below support level and goes above to the support level then buy again with the same stoploss.


****Read the disclaimer before you take trading decisions.

08 January 2014

On 07 Jan 2014 movement of Nifty gave trade opportunity to go long near 6185 for Nifty @12:27PM.

BankNifty still some downmove possible. Not taken any position in BankNifty.

Nifty is long with a stoploss of 6151 NF holds (daily)  & 6151 NF holds (hourly). 

Targets for the longs 6280/6359/6387.

Trade with strict stoploss to safeguard the positions. Will revisit if the stop breaks else will continue to hold the longs.

If the Nifty moves towards our trade direction, will hold with a new revised stoploss. Else will hold with the current stoploss strictly. Now hold the position until next signal come.

Stay tuned for exact entry in trades.

****Read the disclaimer before you take trading decisions.

07 January 2014

On 06 Jan 2014 movement of Nifty gave trade opportunity to go long near 6201 for Nifty as predicted. 

BankNifty signalling long with yesterday low as stop. Target will see after tomorrow movement.

Nifty is long with a stoploss of 6151 NF holds (daily)  & 6201 NF holds (hourly). 

Targets for the longs 6280/6359/6387.

Trade with strict stoploss to safeguard the positions.  Break of these stoploss levels can drift Nifty slowly down till 5922. Will revisit if the stop breaks else will continue to hold the longs.

If the Nifty moves towards our trade direction, will hold with a new revised stoploss. Else will hold with the current stoploss strictly. Now hold the position until next signal come.

Stay tuned for exact entry in trades.

****Read the disclaimer before you take trading decisions.

06 January 2014

On 03 Jan 2014 movement of Nifty gave trade opportunity to go long near 6211 for Nifty and held the longs at EOD as the trailing stop not got hit. Could not post the trade in the blog but do shared the trade long in a forum. Going forward if you get an opportunity to go long try longs near 6201 and near 6151. Add long positions slowly. This view is valid till Monday EOD. Maintain the strict stop of 20 points from the lower number. BankNifty appearing weak for now but there is a possibility of Bank Nifty can touch 11099/10981 and 11685. Since there is ambiguity is there, moving it out of our trading window for now. Will focus on Nifty and add BankNifty and Stocks when good risk reward come in trade opportunity.

Nifty is long with a stoploss of 6151 NF holds (daily)  & 6201 NF holds (hourly). 

Trade with strict stoploss to safeguard the positions.  

Safe Players can book longs near 628x levels. Risky players carry forward the longs with cost as stoploss.

During intraday when a trade opportunity comes in Nifty, will go either long or short and hold the position until next signal come for the reversal of the trade.  

For the fresh entries enter as close as possible to the mentioned prices and stoploss is 20 points below for NF.

Stay tuned for exact entry in trades.

One of the reader is concerned about the exits are not regularly updated. On 02nd January 2014, gave the part booking and revising the stoploss. Similar to that will be updating the exit levels also in the blog when time arrives for exit level. Also remember that exits are two types. (1) Stoploss level (2) Part/Full booking level.

****Read the disclaimer before you take trading decisions.

03 January 2014

On 02 Jan 2014 movement of Nifty, BankNifty was very dynamic, drifted down very fast but the over all market still seems bullish. Hourly stoploss got hit and closed at 6352 positional longs taken in Nifty @6161. As suggested, traders might have done part booking near 6370/6376/6382/6386/6397 levels and revised their stoploss to 6352 also in BankNifty.

Intraday scalping short was taken at 6401 and closed at 6373. But could not update in the blog. Later on market fell off heavily but no further trade is taken after the shorts booking at 6373.

Stocks gave stoploss hit and then they moved down. After loosing one point in both M&M, MARUTI stopped trading in stocks. Leaving the stocks for time being as Nifty & BankNifty started the volatility in the movement. Will come back to stocks when there is a good risk reward is noticed.

Nifty is long with a stoploss of 6151 NF holds (daily)  & 6168 NF holds (hourly).

BankNifty is long with a stoploss of 11063 BNF holds (daily) & 11063 BNF holds (hourly).

When a trade opportunity comes in Nifty or BankNifty, will go either long or short and hold the position until next signal come for the reversal of the trade.  

For the fresh entries enter as close as possible to the mentioned prices and stoploss is 20 points below for NF and 50 points below for BNF for the prices mentioned.

Stock prices mentioned above are future prices and are positional trades. Try to take short entries as close to the stoploss prices to avoid risk of M2M.

Stay tuned for exact entry in trades.

****Read the disclaimer before you take trading decisions.

02 January 2014

Nifty is long with a stoploss of 6151 NF holds (daily)  & 6322 NF holds (hourly).

Part profit booking near 6370/6376/6382/6386/6397 and revise hourly stoploss to 6352

>>> NF made 6408, Part book and revise the stop (09:55AM)

>>> NF hit the positional longs stoploss 6352. Wait for next positional trade. Did not reversed to short unfortunately.

BankNifty is long with a stoploss of 11063 BNF holds (daily) & 11261 BNF holds (hourly).

Part profit booking near 11773

>>> BNF made 11643, Part book and revise the stop (09:55AM)

When a trade opportunity comes in Nifty or BankNifty, will go either long or short and hold the position until next signal come for the reversal of the trade.  

For the fresh entries enter as close as possible to the mentioned prices and stoploss is 20 points below for NF and 50 points below for BNF for the prices mentioned.

M&M stoploss 961.5 target 940.65/927.8

 >>> M&M hit the stop and moved above. Short was placed at 960.5 and stop got hit 961.5.

MARUTI stoploss 1812 target 1716/1664 (can touch 1811)

 >>> Maruti hit the stop and moved above. Short was placed at 1810 and stop got hit 1811. 

MARUTI stoploss 1794 target 1755/1732 

Stock prices mentioned above are future prices and are positional trades. Try to take short entries as close to the stoploss prices to avoid risk of M2M.

Stay tuned for exact entry in trades.

****Read the disclaimer before you take trading decisions.