Trades 21-11-2011

There was one trade each in NIFTY and DLF today. Both trades was winners and reached the target.

21-11-2011

·         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:		21-11-2011	Symbol:	NIFTY Fut
Directional Sentiment:		Down	SL/target:	12/30
Level	Comments
5007	Sell
4989	Sell
4907	Buy/Sell
4866	Buy/Sell

Date:		21-11-2011	Symbol:	DLF
Directional Sentiment:		Down	SL/target:	1.5/3.5
Level	Comments
211.50	Sell
207-208	Buy/Sell
204.50-205	Buy/Sell
199.50-200	Buy/Sell

Trades 17-11-2011

Nifty Trade was a buy at 5007 which made 30 point target. DLF first trade stopped out and second trade made 3.5 point target.

17-11-2011

·         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:		17-11-2011	Symbol:	NIFTY Fut
Directional Sentiment:		Sideways	SL/target:	12/30
Level	Comments
5145	Sell
5090-5097	Sell
5048	Buy/Sell
5007	Buy/Sell

Date:		17-11-2011	Symbol:	DLF
Directional Sentiment:		Sideways	SL/target:	1.5/3.5
Level	Comments
221.20	Sell
212-212.50	Buy/Sell
205.30	Buy/Sell

Trades 16-11-2011

There was no trade in NIFTY today. DLF on short trade at 209.50 which made 3.5 points.

16-11-2011

·         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:		16-11-2011	Symbol:	NIFTY Fut
Directional Sentiment:		Down	SL/target:	12/30
Level	Comments
5170	Sell
5144	Sell
5093	Sell

Date: 16-11-2011			Symbol:	DLF
Directional Sentiment:		Down	SL/target:	1.5/3.5
Level	Comments
209.50	Sell
216.70	Sell

Trades 15-11-2011

The Nifty short trade at open hit SL. Unfortunately it missed the second short entry at 5183 by seven points. Th high was 5175.65.  DLF trade was a bit difficult. It closed below 221.90 and pullback does not reached 221.90, but only 221.65. Seeing the failure to cross 221.50 just after breakdown, later one would have sold at 221.50

 

15-11-2011

·         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:		15-11-2011	Symbol:	NIFTY Fut
Directional Sentiment:		Down	SL/target:	12/30
Level	Comments
5217	Sell
5244	Sell
5183-5188	Sell
5148	Sell

Date:		15-11-2011	Symbol:	DLF
Directional Sentiment:		Down	SL/target:	1.2/3
Level	Comments
233.30	Sell
226 – 226.20	Sell
221.90	Sell

Trades 14-11-2011

There was one trade in NIFTY today. It is sold at 5328 and covered for the 30 point target. DLF triggered short trade at 229, but it never pulled back to 229 for a short entry.

14-11-2011

·         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:		14-11-2011	Symbol:	NIFTY Fut
Directional Sentiment:		Down	SL/target:	12/30
Level	Comments
5238	Sell
5200	Sell
5174	Sell
5161	Sell

Date:		14-11-2011	Symbol:	DLF
Directional Sentiment:		Down	SL/target:	1.2/3
Level	Comments
238.80	Sell
229	Sell
226	Sell