Nifty opened near PDC. IR formed. Never expected such a fall and missed the bus. There were too many supports to break. Did not traded the up move also. Looked for a short at BRN . But price was making a BW for a while. Finally shorted below BRN when price fell below all the major levels. Target was LOD. But it moved further to RN. Covered above the pin bar
There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits
Thursday, November 13, 2014
13112014
Nifty opened near PDC. IR formed. Never expected such a fall and missed the bus. There were too many supports to break. Did not traded the up move also. Looked for a short at BRN . But price was making a BW for a while. Finally shorted below BRN when price fell below all the major levels. Target was LOD. But it moved further to RN. Covered above the pin bar
Wednesday, November 12, 2014
Webinar
Mr. Ziad Misri of opentrader.com is giving access to his 2 hour webinar for free. You can register for the event in advance. I strongly recommend this. Worth attending. Click here to register
Tuesday, November 11, 2014
11112014
Nifty opened within previous day range. Went short when price got rejected from BRN for the second time. Stopped out.Short on BPB of IRL. Price did not reach RN as expected. Covered at 8367. A long PP trade above IRL also failed.Price went to the target BRN only after stop out . Price action was very choppy.Price trading within 8350-8400 range during the month. An explosive move likely soon
Monday, November 10, 2014
10112014
Nifty gaped up above PDH and BRN. Tried to go below them and got rejected. Went long on BPB of BRN/PDC/PDH on break of IRH. Price got rejected from ATH. covered on break entry bar low.Short below IRL. Covered when price refused to go beyond RN. Long on BOF of LOD which was also NS BRN 8300 area.Entry was above RN 8350. Exited on price getting rejected from PDH/PDC
Monday, November 3, 2014
03112014
Nifty gaped up above PDH. Failed to go beyond the first bar. Attempted two BOF longs and a short at range high. Nothing worked well .Managed without loss as all the trades were at the extremes. Daily still in rally mode and price within a higher range. NSE is conducting trading from their DR site on Nov 5,7. Data vendors are not equipped to connect to DR server so do not expect live charts.
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