Friday, May 02, 2008

>2nd MAY Trading day!!

Nifty opened with a gap up which was evident by the overnight DOWJONES rise.
Well a thumb rule short at gap up in a bearish trending mkt (relief rally) was bit annoyed that was not able to short BOMBAY DYEING yesterday ,though it was not a great short any how to satisfy my crave to short BOMBAY DYEING kept waiting for a setup to short it intra day . Chart is attached
Other swing trades faired well today ORCHID CHEMICALS, DCB only eyesore RANBAXY sl is not hit yet so holding it though its testing my patience .

DCB is a sleek 3rd wave kind off example though its still questionable near 125 anyhow half DCB was booked near 115

orchid long was taken anticipating B up rise still some more pending in that .

Nifty am not touching these days bit vary of its movement may be in few day will find a good trade in it .A new option trade initiated today 50 ca TVS MOTORS may month also a possition in Deepak fertilizers LETS SEE how these fair in coming days ,Have a great week end


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