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

Tuesday, September 30, 2014


Nifty Opened within previous day range. Did not trade the morning session due to RBI announcement. Missed the up move as I could not get a good entry. Went short on FTC of HOD which moved well. TP near BRN when price bounced from LOD/PDL. Second BOF of PDL @2.40 was a good opportunity to make quick 20 points. Missed it

Monday, September 29, 2014


Nifty opened within previous day range. Skipped the BOF of BRN as market did not give a proper entry or  a pullback after BOF. Then it was a range between BRN and PDC. Attempted a trade on BOF of PDC. Covered when it bounced from BRN. There was another BOF of PDC later . I was away and could not attempt any other trade

Friday, September 26, 2014


Traded October chart. nifty opened within previous day range. Yesterdays final move acted as a range. Short on BOF of PDC/BRN. Closed when price failed to move beyond RN and NS BRN. A BO below PDL reached BRN as expected. Missed the bounce from BRN as there was no reliable trade signal. Another long on BOF of PDL. Entered at 7960 as I wanted price to clear RN and NS BRN. Good move till RN 8050 where I exited

Thursday, September 25, 2014


Nifty opened above PDC and sold. Went short on BPB  of BRN. TP when it bounced from PDL. There was another BPB at PDL to short. Skipped as I expected some chop due to expiry

Wednesday, September 24, 2014


Nifty opened near PDL. and tried to move down. Skipped BOF of PDL as I was expecting a range day with RN and MSP above it. Expected the last impulse to act as a range. Went short on BPB of PDL. Covered when price bounced from BRN. Rest of the day it was a range between PDL and BRN. Tried a long during the Coal Drama. Exited on the BOF of PDL.

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Tuesday, September 23, 2014


Nifty opened below PDC. Tried to move above it and failed. Went short on the BOF of PDC below IRL. Scratched when price failed to go below MSP. Expected a range move between PDC and MSP. Went short on a BOF of MSP failed to move up. TP near PDL. Could not get the next 40 point down move from PDL

Monday, September 22, 2014


Nifty Gaped down below PDL.As expected some consolidation. Formed a Cigarette pattern and finally broke the upside. Went long on BPB of PDL as price entered back into the previous day range.When price bounced from PDC I thought trade will  fail and raised the stop to BO bar low. But escaped from stop out. Then it was just trailing till the BPB of PDH failed. Only one trade today

Friday, September 19, 2014


Nifty opened within previous day range. I was expecting a consolidation after the big up move. Avoided BPB of PDH as I did not expect much up move. Short on BOF of PDH/RN. Did not move as expected.Bounced from LOD. Later took another short BOF of PDH. This one also scratched

Thursday, September 18, 2014


Nifty gaped down below PDC. Failed to go below PDL. Went long on BOF of PDL. Never expected it to move up like this. I was hoping for a move till BRN  or a bounce from PDC in the worst case. TP at 8080. Another long on BPB of BRN. TP near 8120

Wednesday, September 17, 2014


Nifty opened within previous day range. As expected a consolidation day. Only one trade taken. BOF of BRN. TP  when price bounced from LOD. Avoided the TST long as it was CT.

Tuesday, September 16, 2014


Nifty opened near PDL and fell below it. The first candle was a MC and acted as IR. Shorted below IRL. Nifty traded in a 10 point range for a long time and finally broke down. TP at 7985 when second push failed. Missed the final down move.

Monday, September 15, 2014


Nifty gaped down below PDL and went down another 25 points. IR formed.Skipped short below IRL. NS BRN resisted on the upside. Tried a short on BOF of Range high. Trade did not move. Scratched. Rest of the day Range around NS BRN. Did not get any other good entry

Friday, September 12, 2014


Nifty opened below PDC and tried to move above PDC. Skipped BOF of PDC as IRL and BRN below it. Went long on the second BOF of BRN. Tp when it bounced from PDC. There was another BOF of BRN which I avoided. Tried a short on BOF of PDC /HOD. Got trapped and stopped out above the swing high. Did not try the BO of HOD as NS BRN and PDH was there as barriers

Thursday, September 11, 2014


Nifty opened near PDC and moved up.PDH resisted and fell.Did not short as NS BRN was near. Shorted below NS BRN when price failed to move above PDC twice.TP near 8090 when second push failed. Price moved up in a channel. Could avoid the BOF short of BRN as I could identify the channel earlier. Long when price moved above PDL. TP when PDC resisted. No other trades.

Wednesday, September 10, 2014


Nifty gaped down below PDH. IR formed. Skipped the BO of IRL as Nifty has already down 50 points from PDC. Short on BOF of range high.Covered when price bounced at range low after a BOF. Another short on BPB of range low . Target was BRN. But had to scratch this trade as price bounced. No other trades.

Tuesday, September 9, 2014


Back after Onam. Nifty opened near PDC and sold. First candle acted as IR. Did not go short below IRL as the previous day BO point was a strong FLIP. Range move for a long time. Short on BOF of Range high. trade did not move. Scratched. Did not attempt any other trades.

Friday, September 5, 2014


Nifty opened near PDC and went above PDH. Avoided the long trade as I expected some selling at RN 8150. Price traded just below PDH for an hour. Short on break of MSP. Covered at 8095 when down push failed. Expected a Barbed wire around BRN and PDL. Price moved up and formed a range above. Shorted again on break of range. Move was just SL triggering. Thought of going long on BOF of LOD. Hesitated and missed a smooth move through the fluid

Thursday, September 4, 2014


Nifty opened near PDL and sold. Went short on the BPB of PDL. Covered when the second attempt to go below BRN failed. Range move for a long period. Long on the BOF of LOD/BRN.I was not very confident as PDL was very near and the BOF did not go below the tail extreme. As expected there was some short covering. Price broke PDL and DO/HOD.Nifty is now in decline mode making lower low and lower high in daily chart.

Wednesday, September 3, 2014


Nifty opened near PDH. IR formed between PDH and PDC.Bias was bullish, price trading at the high. Went long on BOF of PDC ignoring PDH. When price pulled back hitting RN, I expected PDH to hold. Exited when price broke below PDH. Tried another long BPB of RN. Got trapped in the sudden fall. Stop loss at 8159 did not trigger. Had to exit on BPB of PDC at 35 point loss.Price bounced back 20 points after my exit

Tuesday, September 2, 2014


Nifty opened near PDC. Broke PDC and PDH. Went long on BPB of PDH. But it pulled back deep and I exited suspecting a Barbed wire.Exit was  below PDH/PDC at a small loss. Another long on BPB of BRN. TP when price bounced from NS BRN.Price traded within the last impulse rest of the day.

Monday, September 1, 2014


After a gap open Nifty was in a grinding up trend. Attempted two long trades. BPB of PDH/NS BRN. Closed the trade when price fell below RN. Another BO long of Range high after a minor trap pattern. Trades did not move as expected.