Traded the continuous chart. Nifty opened within previous day range. IR formed. Did not attempt the BO trade of IRH .Missed the BOF of IRH as it moved very fast.First trade was a short of HOD on BOF. TP when price failed to go below RN. BOF of LOD/RN gave a long signal. Stopped out below the entry bar. Did not take any other trades as I suspected a channel. Ignored NS levels as there was too much fluctuation in premium.
There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits
Friday, May 30, 2014
30052014
Traded the continuous chart. Nifty opened within previous day range. IR formed. Did not attempt the BO trade of IRH .Missed the BOF of IRH as it moved very fast.First trade was a short of HOD on BOF. TP when price failed to go below RN. BOF of LOD/RN gave a long signal. Stopped out below the entry bar. Did not take any other trades as I suspected a channel. Ignored NS levels as there was too much fluctuation in premium.
Thursday, May 29, 2014
29052014
Another expiry. There was no choppiness. Smooth trending price action. Nifty opened within previous day range. IR formed. Skipped the break of IRL as there was PDL and BRN below. Went short on BPB of BRN. Entry was too late and had to scratch. Skipped the next two BOF trades. There was no momentum for the BOF of BRN and next one was into a BRN on expiry day.Further there was not much space. Short on break of range low. TP at the extreme low (Last trade entry was on the previous bar. Marked it wrongly)
Wednesday, May 28, 2014
Tuesday, May 27, 2014
Monday, May 26, 2014
Friday, May 23, 2014
23052014
Nifty gaped up above BRN and NS BRN levels.Went long on the BPB of PDH. TP when second attempt to go above 7380 failed. Went short on the retest of 7380 as FTC. TP at PDH. Another short on the break of PDH to the downside after a pull back to NS RN.TP at LOD. Long on break of PDH to the upside . Tp at NS RN level which acted as strong resistance earlier.
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