1-11-2011

• ·         The levels are marked as Buy, Sell or Buy/Sell.  At levels marked Buy/Sell you can take long and short trades.
• ·         Trades are executed after two minutes from open, i.e. after 9:17 and usually one trade per day. Only take the first trade that comes after open.
• ·         After open, watch the levels and current price. Only the first trade is executed. If a level says Buy and if price is above that level, then buy on a pull back to that level.  If price is below that level, wait for a break above that level, and buy on a pull back to that level. If a level says Sell and if price is below that level, then sell when price reaches that level.  If price is above that level, wait for a break below that level, and sell on a pull back to that level. If the level says Buy/Sell, then if price is above that level, buy on a pull back; if price is below that level, sell when price reaches that level.
• ·         Usually only one trade is executed on a day. However if stopped out in the first trade, then take the trade at the next level also. On days marked with Directional sentiment sideways, two trades can be taken, the very first trade and another trade at any of the extreme levels.
• ·         Breakout is determined on the basis of closing price on a 2 minute chart. Close should be clearly above or below the level.
• ·         Do not expect entry at the exact level, execute trades near the levels. SL is calculated from the level, not from the entry price.

Date:		1-11-2011	Symbol:	NIFTY Fut Nov
Directional Sentiment:		Sideways	SL/target:	12/30
Level	Comments
5387	Buy/Sell
5342	Buy/Sell

 

Date:		1-11-2011	Symbol:	DLF Cash
Directional Sentiment:		Sideways	SL/target:	1/2.5
Level	Comments
247.50	Buy/Sell
239	Buy/Sell
232	Buy
226.50	Buy

 

Trades 31-10-2011

Today one trade in NIFTY and another one in DLF, both are winners.


NIFTY Sold @ 5366 and covered @ 5338        NET +28 points
DLF Bought @ 245.50 and sold @ 248              NET +2.5 poins


The red lines are sell only levels, blue are buy only levels and green are both buy and sell levels.

31-10-2011

• ·         The levels are marked as Buy, Sell or Buy/Sell.  At levels marked Buy/Sell you can take long and short trades.
• ·         Trades are executed after two minutes from open, i.e. after 9:17 and usually one trade per day. Only take the first trade that comes after open.
• ·         After open, watch the levels and current price. Only the first trade is executed. If a level says Buy and if price is above that level, then buy on a pull back to that level.  If price is below that level, wait for a break above that level, and buy on a pull back to that level. If a level says Sell and if price is below that level, then sell when price reaches that level.  If price is above that level, wait for a break below that level, and sell on a pull back to that level. If the level says Buy/Sell, then if price is above that level, buy on a pull back; if price is below that level, sell when price reaches that level.
• ·         Usually only one trade is executed on a day. However if stopped out in the first trade, then take the trade at the next level also. On days marked with Directional sentiment sideways, two trades can be taken, the very first trade and another trade at any of the extreme levels.
• ·         Breakout is determined on the basis of closing price on a 2 minute chart. Close should be clearly above or below the level.
• ·         Do not expect entry at the exact level, execute trades near the levels. SL is calculated from the level, not from the entry price.

Date:		31-10-2011	Symbol:	NIFTY Fut Nov
Directional Sentiment:		Sideways	SL/target:	12/30
Level	Comments
5388	Sell
5369	Sell

 

Date:		31-10-2011	Symbol:	DLF cash
Directional Sentiment:		Up	SL/target:	1/2.5
Level	Comments
249	Buy/Sell
245.50	Buy
237	Buy
232	Buy

Trades For 28 -10 - 2011

There was only one trade in DLF as per the posted levels. It was stopped out for 2 point loss.

28-10-2011

·         The levels are marked as Buy, Sell or Buy/Sell.  At levels marked Buy/Sell you can take long and short trades.

·         Trades are executed after two minutes from open, i.e. after 9:17 and usually one trade per day. Only take the first trade that comes after open.

·         After open, watch the levels and current price. Only the first trade is executed. If a level says Buy and if price is above that level, then buy on a pull back to that level.  If price is below that level, wait for a break above that level, and buy on a pull back to that level. If a level says Sell and if price is below that level, then sell when price reaches that level.  If price is above that level, wait for a break below that level, and sell on a pull back to that level. If the level says Buy/Sell, then if price is above that level, buy on a pull back; if price is below that level, sell when price reaches that level.

·         Usually only one trade is executed on a day. However if stopped out in the first trade, then take the trade at the next level also. On days marked with Directional sentiment sideways, two trades can be taken, the very first trade and another trade at any of the extreme levels.

·         Breakout is determined on the basis of closing price on a 2 minute chart. Close should be clearly above or below the level.

·         Do not expect entry at the exact level, execute trades near the levels. SL is calculated from the level, not from the entry price.

Date:		28 – 10 – 2011	Symbol:	NIFTY Fut (Nov)
Directional Sentiment:		Sideways with up bias	SL/target:	15/35
Level	Comments
5236	Buy/Sell
5178	Buy/Sell
5159	Buy
5100	Buy
5077	Buy

Date:		28 – 10 – 2011	Symbol:	DLF Cash
Directional Sentiment:		Sodeways	SL/target:	1.5/3/5
Level	Comments
238.50 - 239	Sell
236.50	Sell
232	Buy/Sell
226	Buy/Sell
	Buy/Sell

Trades For 25 -10 - 2011

Today there was RBI announcement at 11 AM. So morning trades are closed around 11.45 ahead of the event. Second trade was taken after the announcement and in that volatile move.

Nifty - Two trades. Trade one: - 4, Trade 2:  + 30   NET:  + 26 points
DLF -   Two trades. Trade one: + 2.5, Trade 2:  + 3.5   NET:  + 6 points

Total 4 trades, one small loser, 3 hit target. See the charts below. The red lines are sell only levels, blue are buy only levels and green are both buy and sell levels. Also observe how the levels worked in todays volaitle session, especially at RBI event time.

Wish you a Happy Diwali

·         The levels are marked as Buy, Sell or Buy/Sell.  At levels marked Buy/Sell you can take long and short trades.

·         Trades are executed after two minutes from open, i.e. after 9:17 and usually one trade per day. Only take the first trade that comes after open.

·         After open, watch the levels and current price. Only the first trade is executed. If a level says Buy and if price is above that level, then buy on a pull back to that level.  If price is below that level, wait for a break above that level, and buy on a pull back to that level. If a level says Sell and if price is below that level, then sell when price reaches that level.  If price is above that level, wait for a break below that level, and sell on a pull back to that level. If the level says Buy/Sell, then if price is above that level, buy on a pull back; if price is below that level, sell when price reaches that level.

·         Usually only one trade is executed on a day. However if stopped out in the first trade, then take the trade at the next level also. On days marked with Directional sentiment sideways, two trades can be taken, the very first trade and another trade at any of the extreme levels.

·         Breakout is determined on the basis of closing price on a 2 minute chart. Close should be clearly above or below the level.

·         Do not expect entry at the exact level, execute trades near the levels. SL is calculated from the level, not from the entry price.

Date:		25-10-2011	Symbol:	NIFTY Fut (Oct)
Directional Sentiment:		Sideways	SL/target:	12/30
Level	Comments
5162	Buy/Sell
5155 - 5157	Sell  (This level and the higher level is close, so practically requires a larger SL)
5136	Sell
5122	Sell
5082	Sell
5036	Buy/Sell

Date:		25-10-2011	Symbol:	DLF Cash
Directional Sentiment:		Sideways	SL/target:	1.5/3.5
Level	Comments
236	Sell
232	Sell
229.5	Sell
226.50	Sell
225	Buy/Sell

·         All trades are executed after two minutes of open. Watch out for any breakout in the first two minutes.

·         Take only the first trade, and when bias is sideways, can take another trade at the extreme levels. Better go with one trade per day.

·         Breakout/breakdown is determined on a closing basis and close on a two minute chart should be clearly above/below the level.

Date:		24-10-2011	Symbol:	NIFTY FUT (Oct)
Directional Sentiment:		Sideways with down bias	SL/Target:	12 /30 points
Level	Comments
5130	·         Open below this level, then sell on pull back after two minutes of open
5077	·         Open below this level , then sell on pull back after two minutes of open ·         Open Above this level and break below this level, sell on pull back after two minutes of open
5037 – 5039	·         Open above and break below this level within first two minutes of open, Sell on pull back ·         Open below , Sell on pull back after two minutes of open
5023	·         Open above and comes down to this level after two minutes of open, then buy ·         Open below and break above, buy on pullback after two minutes of open

Date:		24-10-2011	Symbol:	DLF (Cash)
Directional Sentiment:		Down	SL/Target:	1/2.5
Level	Comments
235	·         If opens below, sell on pullback after 2 minutes of open
232.30	·         If opens below, sell on pullback after 2 minutes of open
228.60	·         If opens below, sell on pullback after 2 minutes of open ·         If opens above and breaks down within 2 minutes of open, then sell on pullback after 2 minutes of open ·         If opens above and comes down after 2 minutes of open, then buy ·         If opens below and break above within first 2 minutes, then buy on pull back
225.30	·         If opens above and breaks below, then sell on pull back ·         If opens below and pulls back after 2 minutes of open, then sell
222.30	·         If opens below and pulls back after 2 minutes of open then sell ·         If opens above and breaks below, then sell on pull back

Added after Market close:

There was no trades in NIFTY Futures as per the table.

DLF has one trade, but it was a bit tricky. The level was 228.60 and it never reached that level after first 2 minutes of open. It tested 232 may time. Short can be entered near 232.