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Friday, 26 February 2016

TataSteel Fut 2016 Feb 26

TataSteel Fut 2016 Feb 26:

First day of the series..
1. Based on the market open it comfortably opened above the PDC & moved above PDH. It gave off PDH easily.
 Hence its a short. Did move well. Immediately after moving down from our short, it was so volatile, it is tricky to hold on to the short as the lot size is 2000

2. Its a TST-PDH , for a short. I hesitated & left. Thought I will wait until I get a clear BOF-PDH

3. Again another TST-PDH. Thought may be it is really not going high. So I can go short..I did go... My bad it went above PDH.

4. Wow I got a BOF-PDH , which Im favour of to go short. But I dint do this.. because I was watching some other chart at that instant. I missed this one.

5. Though PB till PDL was there.. I didnot want to go short ... as probability of sell @ PDH's is a good one than @PDL's from my experience.

6. Its a good signal to go long .. but it was tricky whether to go buy @ 6a (week buy signal) or 6b (no pull back...)

Net Result: It was a positive trade.

Wednesday, 17 February 2016

Monday, 15 February 2016

Axis Bank Fut 2016 Feb 15

Similarly Axisbank's shows weakness at 417 ~420 area. Keep a watch on this area on 16/Feb.

These posts are nothing in anticipation. These are the planning activities.
Will review it for tomorrow.

Yesbank 2016 Feb 15

YesBank 2016 feb 15:

Why always post the post-mortem? Why not post the plan ?

YesBank's 30min chart is posted here... well established rectangle box is there.
Use it to sell, if any weakness is percieved @756 ~761 (PDH for 2016 feb 16).

Since the current trend is bearish, I m in lookout for SELL signal.
Today's strength need not considered to change that bearish view.

Let me review it for tomorrow.

Wednesday, 10 February 2016

LT Fut 2016 Feb 10

One more chart of similar pattern today, which I didnt do...

Reliance Fut 2016 Feb10

Im heavily biased on the short side ....So I was looking for BOF-PDH.

I did get opportunities  ....

1. Sell with Day High SL., Target PDC, PDL... & it hit PDL
2. TST-PDL was a buy... but since I was bearish, I did not do ...
3. Again it gave another selling opportunity...which , if traded could have given 2 points as FTC came in between.

There will be days like this , when you can make it , easily !!!

Monday, 1 February 2016

TataMotors Fut 20160201

1. TST-PDH gave a sell signal. Possible to capture of points. I missed reading it & so didnt do anything LIVE.

2. BO-PDH is a buy. Volume too supported for a buy. I did buy , this signal, but had to book LOSS.

Plan for tomorrow (2/Feb)

1. The overall 2 days seems to form a flag pattern. Look for buying opportunity, which means, gap down opening near PDL , BOF-PDL need to be watched.
RBI news for interest rate revision is there tomorrow, hence do it with caution or rather wait till the news is out & consumed by the market.

YESBANK Fut 20160201

The previous day was a complete trending day with 11% up. Three things can happen.
It is going to either continue up
it shall consolidate
it shall reverse to go down.

1. BRK -DWN of the PDH, gave a sell signal, which immediately triggered SL.

2. BO- IRH gave a buy signal.But there was no pull back to enter ..... carried over by the influence of the previous trade, didnt attempt this long..

Overall it was a LOSS day with respect to Yesbank.

LT fut 20160201

It opened with a huge gap-up, signifying the strength. However , based on the previous resistance it encountered at 1155-1160, it needs to be watched at that area. It gave up easily , resulting in a sell signal.

PDH & PDL didnt have any relevance today.