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
cheers
Rish

>Substantial Acquisition of Shares and Takeovers Dated 30th april


Wednesday, April 30, 2008

>Trading day 30th april.

Hmmm day started with Nifty opening higher. I with a predetermined trade idea(planned it last night) wanted to short Bombay dyeing above 1000 for about (20-30) points but bombay dyeing came down as soon as it opened and as a rule i try not to trade for first 10-15 min atleast so this trade was a no-no .
Day progressed and yesterdays longs started to show positive results
CENTURY TXT (838)
RAJESH EXPORT(90)
hmmm interesting also the swing trade
DIVISLAB showed its colours too spurted 6% sold most of it today ,Sold out century txt full near 900 Rajesh export first target 95 almost touched today, retraced a bit from there was bit greedy did not book it though last half hour nifty movement made me to book half profit in it(93.50).

A big miss today during the day was BOMBAY DYEING long near 965 kept waiting for its breakout to happen though idealy should have bought that with a sl below 960 ,Anyhow breakout came and me was away in loo by that time dyeing was almost conquering 1000 what a waste:(.Well day ended with a smiling face.Few charts attached.


>Substantial Acquisition of Shares and Takeovers dated:29th april