I am not a certified analyst. The charts shown and the content in the blog are for educational purpose only and in no way is a buy or sell recommendation. Readers are advised to use discretion.

Monday 27 January 2014

Intraday Trades - 27.01.2014

Intraday: Mkt gap down & i started looking for shorts at UBB or at higher level
1) Took a Short, when Price close below LBB with break of Day's Open. Gave my SL.
2) Again a Short on a small Hammer on UBB. Mid BB almost flat to +ve. It was a risky trade. Near miss to my Sl & gave 20 pts. Closed at 6200, but mkt kept moving down till the end.

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5 comments:

  1. Anonymous27 January 2014 at 17:12

    Hi Sir,

    Is this not nifty futures chart???
    Seeing different values in my system.. i am using sharekhan..

    Thanks,
    Mahesh

    ReplyDelete
  2. Deven Malhotra27 January 2014 at 19:07

    Hi Mahesh,

    This is NF chart, but for Feb series as its expiry week.

    Thanks,
    Deven Malhotra

    ReplyDelete
  3. nifty for bread27 January 2014 at 19:17

    Hi Deven,

    When we see hammer in UBB or LBB, can we enter in a trade immediately, though the location may not be a DP?

    Thanks. S.Karthikeyan

    ReplyDelete
  4. Deven Malhotra28 January 2014 at 08:35

    Hi Karthik,

    Yes, I enter immediately after 2nd/ 3rd Hammer on UBB/ LBB. DP confluence increases the probabilities, but alone hammer is sufficient for me to enter.

    Thanks,
    Deven Malhotra

    ReplyDelete
  5. nifty for bread28 January 2014 at 09:40

    Hi Deven,
    Thanks for the clarification.
    S.Karthikeyan

    ReplyDelete

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