There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits

Thursday, December 19, 2013

19122013


Nifty Opened above PDH and sold. Fall was so fast that I could not t get an entry  on BOF  PDH. Went short on BPB of BRN. I expected a second leg down move. Covered near PDL. Tried a short when nifty reversed from the flip and breakout above the range high failed. Scratched it.Avoided the long as there were BRN and MSP as barriers  I was expecting a BOF of MSP or BRN. Short on BOF of BRN. This gave some 20 points
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10 comments:

  1. UnknownDecember 19, 2013 at 7:14 PM

    Hi ST,
    Was puzzled by the fall, but somehow managed to short below NS 6200.
    rest took the other two trades as u did, one scratch, other some 16 points.
    Did option data give us a clue that nifty wud not have climbed 6300.?

    thanks,
    TBP

    ReplyDelete
  2. SMART TraderDecember 19, 2013 at 7:51 PM

    TBP

    More Variables? Oh No
    To attain knowledge, add things everyday.
    To attain wisdom, subtract things everyday. ~ Lao Tsu

    ST

    ReplyDelete
  3. UnknownDecember 19, 2013 at 8:00 PM

    Hi ST,

    Oh no... really no more variables. I was just glancing thru it... Thats it...

    Nice lines which u quoted.
    Hope I add something everyday..
    How to subtract things everyday??

    Thanks
    TBP

    ReplyDelete
  4. AnonymousDecember 19, 2013 at 8:09 PM

    To attain knowledge, add things everyday.
    To attain wisdom, subtract things everyday. ~ Lao Tsu

    Sir thanks for these lines.

    Raghu

    ReplyDelete
  5. AnonymousDecember 19, 2013 at 8:17 PM

    Fall was reaction to the tapering circus. They reduced it by around 10B

    ReplyDelete
  6. The stalkerDecember 19, 2013 at 8:41 PM

    Sir
    Can I have your email id

    Thanks
    Sandeep

    ReplyDelete
  7. SMART TraderDecember 19, 2013 at 8:44 PM

    stalker
    niftynirvana at g mail

    ST

    ReplyDelete
  8. The stalkerDecember 19, 2013 at 9:02 PM

    Thank you,sir

    I have sent u a mail.

    Kindly see.

    ReplyDelete
  9. Siju ThomasDecember 19, 2013 at 9:47 PM

    Sir,
    Can we consider the second push above BRN at 2.18 as a BPB.

    Thanks
    Siju

    ReplyDelete
  10. SMART TraderDecember 19, 2013 at 10:05 PM

    Siju

    Yes. It can be considered as a BPB.
    But it was not tradeable if you consider the MSP above it and price behaviour on break of the flip zone swing high.

    ST

    ReplyDelete

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