Nifty opened near PDC and moved up .IR formed. Went short on the BOF of IRH ignoring PDC. Covered the short when price bounced from RN and came back above IRL.Could not capture the next down move from IRH.This was the best move of the day. Went long on the break of RN into the fluid. But found the real flip was above RN from which price bounced and stop hit.Could not attempt the next up and down move inside the range. There was a BPB at range low . Skipped it as I was not comfortable trading around NS BRN. Long on BOF on break of MSP. I scratched it, but later it moved a little.
Hi ST,
ReplyDeleteBad day for me..Took wrong trades ...
1.BO of IRH
2.BOF PDC and RN , took long above PDC..
Both the trades within the first 1.5 hours.SL hit both the time ...
Closed the day with -20 points (max limit set)
rgds
Kishore
Kishore
ReplyDeleteNothing to worry
Today is one of the toughest days to day trade. Nifty made 9 directional moves. 4 in first range and 5 in lower range.
ST
ST,
ReplyDeleteAny particular reason why you didn't take bo trade when break of NS BRN.
Naveen
Naveen
ReplyDeleteI was closely monitoring NS. Twice it went below 6500 and bounced back.It was supporting well.
Further PDL was very close which may act as another barrier I would have gone short if price broke PDL
ST
Hi ST
ReplyDeleteCan RN be traded as a DP always??
Today we had BOF RN and also BPB RN.
Can they be traded??
Thanks
TBP
ST thank you so much.
ReplyDeleteTBP
ReplyDeleteThis RN is a recent phenomenon.
Now it has become a nuisance. With NF quoting at an average premium of 25-30 points, there is a fixed barrier every 25 points (RN,BRN of NF and NS}. The play field has shrunk.
Still I do not trade the signals at RN like BRN. But for trade management I look at these levels.
ST
Sir good evening sir in todays trade the price flips r IRL, PDC and IRH,kindly update thnx
ReplyDeleteST Question on Tax implication of trading.
ReplyDelete1> How is Tax calculated on Trading?
2> Can we deduct stamp duty, brokerage, Stt ?
3> Does Zerodha give computation sheet at the end of financial year.If not do you keep track of P&L Manually ?
4> What about Advance tax ?
Hi ST
ReplyDeleteThank you for the reply
TBP
Amber
ReplyDeleteI am referring to the Flip marked as range High
ST
Xrtrader
ReplyDeleteI have not thought about that
This year it may not come as I traded single lot in 4 different brokerages ( Different names)
ST
Hi ST
ReplyDeleteYou say you have accounts with 4 diff brokers..Does none of them provide good charts? I was just wondering why you are spending so much on Icharts.Any reason for it?
Thanks
Karthik
Karthik
ReplyDeleteAll discount brokers only
NOW or NEST platforms
Thinking about Trade Jini. I chart is free with it
ST