Daily charts:
- trend is down on daily charts
- today markets closed 0.8% in negative at 11143
- AD was 1:5
- option writing support 11000
- the above does not tell the complete story
- trading range was 500 points
- a big hammer formed
- 10800 to give very good support
5 min charts:
- traded long on 1st and 2nd black arrow
- trailing SL hit - profit in one account loss in another
- ignored short signals as overall bias was bullish
- selloff later on (75 points in 5 minutes) was too fast
- bigger problem was where to keep SL and what qtty to trade
- decided not to chase the fall
- traded long intraday in panic declines in HFC stocks/ recovered loss.
Trade summary in one account... ended day with Rs.263 loss.
Trade summary in second account... ended day with small profit.
15 min charts:
- trend is down
- note wild swing in nifty
- SL management will be tricky as volatility will persist for some more time
- preferred SL is 11200
- trend is down on daily charts
- today markets closed 0.8% in negative at 11143
- AD was 1:5
- option writing support 11000
- the above does not tell the complete story
- trading range was 500 points
- a big hammer formed
- 10800 to give very good support
5 min charts:
- traded long on 1st and 2nd black arrow
- trailing SL hit - profit in one account loss in another
- ignored short signals as overall bias was bullish
- selloff later on (75 points in 5 minutes) was too fast
- bigger problem was where to keep SL and what qtty to trade
- decided not to chase the fall
- traded long intraday in panic declines in HFC stocks/ recovered loss.
Trade summary in one account... ended day with Rs.263 loss.
Trade summary in second account... ended day with small profit.
- trend is down
- note wild swing in nifty
- SL management will be tricky as volatility will persist for some more time
- preferred SL is 11200
No comments:
Post a Comment