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.