A Blog for Nifty Trading, Positional and Intraday Trades. My Strategy = DP → BB → OI
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.
Friday, 31 January 2014
Thursday, 30 January 2014
Intraday Trades - 30.01.2014
Positional: Positional shorts activated below weekly pivot.
Intraday: Expiry day - for me, A Day to relax. Only watched the market today. I found 1 opportunity, which didn't take. A BOF of day's open with small hammer/ inside candle gave a clue to go down. Another hammer before mid BB with a follow up candle was my signal.
Intraday: Expiry day - for me, A Day to relax. Only watched the market today. I found 1 opportunity, which didn't take. A BOF of day's open with small hammer/ inside candle gave a clue to go down. Another hammer before mid BB with a follow up candle was my signal.
Wednesday, 29 January 2014
Intraday Trades - 29.01.2014
Intraday: Mkt was slow all the day drifting downward except in the last. Looking now, it seems Mkt was simple today- Short on mid BB. Took a single Trade.
1) Short on the BOF & 2nd close below mid BB in ranging BB. Spent a lot time for just 14 pts.
No reliable signal & mkt moved too fast in 2nd half so remained out of last move.
1) Short on the BOF & 2nd close below mid BB in ranging BB. Spent a lot time for just 14 pts.
No reliable signal & mkt moved too fast in 2nd half so remained out of last move.
Tuesday, 28 January 2014
Intraday Trades - 28.01.2014
Intraday: No Trades...
Mkt Open & zoomed to BRN 6200. Stopped there till 11AM when RBI announcement came & mkt moved down to 6125 around. Was out till 12, then started finding any opportunity. No reliable signal found. One Signal arrived marked with Pink Arrow - Shooting Star on mid BB. Didn't take it.
Mkt Open & zoomed to BRN 6200. Stopped there till 11AM when RBI announcement came & mkt moved down to 6125 around. Was out till 12, then started finding any opportunity. No reliable signal found. One Signal arrived marked with Pink Arrow - Shooting Star on mid BB. Didn't take it.
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.
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.
Friday, 24 January 2014
Intraday Trades - 24.01.2014
Intraday: Mkt was expected to Gap down with global clues. The 1st candle shows a good positive sign to recover the gap, but within few minutes, mkt lost its momentum & started towards South. I was waiting for it to enter..
1) Short on the break of Day's low with momentum. Booked on the same candle, which broke 6300.
2) Another short on a Hammer on UBB in a range. Price broke today's low, but with no fast momentum. I was expecting till 6250, but Closed this with 20 pts.
1) Short on the break of Day's low with momentum. Booked on the same candle, which broke 6300.
2) Another short on a Hammer on UBB in a range. Price broke today's low, but with no fast momentum. I was expecting till 6250, but Closed this with 20 pts.
Thursday, 23 January 2014
Intraday Trades - 23.01.2014
Intraday: Mkt was moving in 20 pt range from the morning. Like 21.01.2014, it touched 3rd time to same DP. I was waiting for candle close, whether to go short or Long.
1) Long on the break of high of candle closed above DP & UBB. Waited with mid BB showing Bullish bias, but stopped out in TRAP pattern at mid BB & market moved without me.
1) Long on the break of high of candle closed above DP & UBB. Waited with mid BB showing Bullish bias, but stopped out in TRAP pattern at mid BB & market moved without me.
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