Monday 22 April 2013

NF Intra Day Trades - 22nd April

Nifty Futures opened @ 5816.30 and moved up to 5831 before reversing to 5792. Thought of initiating Sell around 5822 but missed. Nifty Futures again moved up and then down. Initiated Buy @ 5800 and booked part @ 5815 and then trailed Stop Loss and closed trade with profit @ 5834 near market close.


Friday 19 April 2013

NF Intra Day Trades - 18th April.

Nifty Futures opened @ 5720 (not on charts). Traded around 5707 for a while and went down to 5790. Buy identified @ 5695 but not initiated as 5700 was within touching distance. Buy initiated @ 5700. Upmove faced resistance between 5715 - 20. Part booked around 5712. Then Nifty Futures hits 5730. Trailed Stop Loss to 5718 and was hit. Later thought of initiating Buy again around 5716 but did not "pull the Trigger". It proved costly as subsequent move took NF past 5757 to 5795. 

Wednesday 17 April 2013

NF Intra Day trades - 17th April.

Nifty Futures opens @ 5710. Goes down below 5700 and stages a smart recovery. Small Sell and Buy done with profit. Good Sell trade identified around 5722 and initiated. Trade moved into Profits swiftly. Part Booked around 5700. Was trying to ride Profits and succeeded till 5685. Slow data feed on Charts played havoc - the last thing a Chartist needs. Missed a small upmove till 5715.   

Tuesday 2 April 2013

NF Intra Day Trading 2nd April

Nifty Futures opened @ 5711 and reversed from 5725 to 5705. Shorts seen from around 5715 could not push the Index Futures below 5700. Initiated Buy @ 5717 around 11.07 am. Bit of a struggle warned to reduce Stop from sub 5700 levels to just below days low (Ego conquered). Then the expected move materialized. Momentary lapse in concentration (good excuse for Fear) made sure that part profit was only 15 points @ 5732. Then trailing Stop Loss gradually leads to 5662.9 (Day High 5773.35). Well almost time for the day which means "Fear & Greed" conquered for the Day.

Technical Analysis - particularly Intra Day - is all about Reality. The Reality Shows begins @ 9.15 am tomorrow. 

Monday 1 April 2013

NF Intra Day Trades - 1st April

Nifty Futures opened at 5716 and hit a high of 5724 and low 5708 during early trade. Initiated Buy @ 5718 at 9.42 am and Booked Partial Profit @ 5740. Stop Loss modified to 5721 for balance trade (thought of Exiting trade @ 5728) and was hit.