Friday, 26 September 2014

26092014


Not traded today as MT4 was not updating the chart. It seems to be a good day to miss.

Thursday, 25 September 2014

25092014



Nifty today opened at PDC and moved down and broke the BRN.
1) BPB of BRN.  It moved nicely as expected till PDL. Booked it at 20 points of profit.

No other trades in the morning session.

Wednesday, 24 September 2014

24092014




Today Nifty opened at PDC and soon gave BOF of PDC and PDL.  Waited for it to cross RN above before taking the BOF trade as expected some consolidation there.
1) BOF of PDC/PDL on downside.  Entered below IRL.  Covered on FTC below BRN 8000. Profit of 13 points.
 2) TST of PDC/PDL. There was not much momentum.  Booked it when it seemed like it was not breaking BRN.  Profit of 12 points.

No other trades in the morning session.  There was some action in the latter half of the day, I think because of expiry tomorrow.  I do not have access to live news.


Tuesday, 23 September 2014

23092014


Nifty opened just below PDC and tried to break it.
1) BOF of PDC.  Yesterday was a trending up day, so today in the morning expected some range bound movement, but could not resist myself and took this mediocre kind of trade.  Booked at breakeven on FTC.

No other trades.

Monday, 22 September 2014

22092014


Today Nifty opened 50 points CT full gap down.  It seemed like first three candles made initial range.
1) BPB of IRH.  It did not move well.  Had to scratch it at breakeven as it did not seem to be going up.
Then Nifty remained in the narrow range for almost 3 hours.
2) BO of Range High.  There was a minor BOF at other range extreme which gave confidence to go for direct BO though there was a BRN very close.  It moved remarkably well breaking all DPs.  Booked at 67 points of profit when it came back below PDH. 

Friday, 19 September 2014

19092014


As expected today Nifty remained range bound after a big trending day yesterday.  I was looking for the trade setup at the extremes of the range especially BOF, hence did not attempt a BPB trade above RN.  Then there was a minor BOF at LOD then.  Hesitated to take it because of PDH, RN above.

No trades today.

Thursday, 18 September 2014

18092014


Today Nifty opened at PDL.  First candle tried to break it but failed.  Initial move was up.
1) BOF of PDL. After a minor break of PDL there was an initial up move, then a pause for two candles.  Took a chance and went long above it. Then to a big surprise it broke all the DPs on up side and shot up like
a rocket.  Decided to trail it.  There was no sign of weakness at any point till it reached the gap created on Monday.  Booked it there.  Profit of 142 points.

Wednesday, 17 September 2014

17092014


Today there was a CT gap up of around 35 points.  Then it moved down to try to fill the gap.
1)  BOF of BRN and DO/IRH.  It moved well and reached to the LOD then.  Booked it when it bounced from it.  Profit of 15 points.

I was somewhat busy in the morning so attempted only one trade.

Tuesday, 9 September 2014

Friday, 5 September 2014

05092014


Nifty opened just below PDC/PDH and broke it. As yesterday it had turned into the decline mode I was very cautious to take a CT long on BPB of PDH.  Also there was a RN just above.
1) BOF of PDH/PDC.  Shorted it below Range Low.  Covered when it failed to move further down.  Made 38 points.
No other trades in morning session.

Thursday, 4 September 2014

04092014


Nifty opened just above PDL and broke it.  There was a BRN below PDL so avoided taking BPB of PDL.
1) BPB of BRN.  Took this CT trade.  It did not work.  Had to book at a loss of 7 points immediately once it got rejected to go down further.
No other trades in morning session.

Wednesday, 3 September 2014

03092014



I was not able to trade for last few days.

Today Nifty opened at PDH and moved down to PDC and tried to break the PDC.
1) BOF of PDC.  It moved as expected to PDH/IRH and could break it but there was a lack of momentum.  Booked it when it came back below IRH.  Profit of 13 points.
No other trades in morning session.