Tuesday, May 06, 2008
>Trading day 6th May
With morning nifty rise many new breakouts were seen which turned out to be false by eve wth nifty taking beating as long as 5100 with 1% error either side is maintained the wave structure looks fine .
In straight words come out of longs if the above condition fails.
Today Maharashtra seamless both targets were reached was booked there.
Rajesh export 100+ was reached.
TTML was a great example of breakout + retracing back to breakout point it was a kind of triangle breakout since triangle breakouts are usually good at times I try to cash in by playing options.
For example TTML was consolidating in a triangle for last 6 trading days which made options to shed considerable premium time decay too comes in play ,I usually play out of money options provided if have some time at my disposal .
Before the breakout day 42.50 CA had shed its premium considerably from 1.80+ to a mere 0.70paisa in about 6 days,and to my delight on breakout day it went to 1.45 money doubled!! thats one advantage with out of money options
provided you have enough time left + I assume you are good at analysis to see which out of money option strike price is most effective.
Today again am gonna analyze BOMBAY DYEING.I like that stock:)
In straight words come out of longs if the above condition fails.
Today Maharashtra seamless both targets were reached was booked there.
Rajesh export 100+ was reached.
TTML was a great example of breakout + retracing back to breakout point it was a kind of triangle breakout since triangle breakouts are usually good at times I try to cash in by playing options.
For example TTML was consolidating in a triangle for last 6 trading days which made options to shed considerable premium time decay too comes in play ,I usually play out of money options provided if have some time at my disposal .
Before the breakout day 42.50 CA had shed its premium considerably from 1.80+ to a mere 0.70paisa in about 6 days,and to my delight on breakout day it went to 1.45 money doubled!! thats one advantage with out of money options
provided you have enough time left + I assume you are good at analysis to see which out of money option strike price is most effective.
Today again am gonna analyze BOMBAY DYEING.I like that stock:)
Monday, May 05, 2008
>Trading day 5th may
Two days holiday mind fresh glutted with fresh ideas to trade was fairly bullish with few new trades in mind PENINLAND ,SOBHA DEVELOPERS.
Well market started and you see when everything looks good something bad happens my live data feed stopped sucking data into AMIBROKER and me being a chart guy am blind without charts ,I usually don't trade with out charts until forced.Well kept fighting with that software without any sucess.It was only by 12.30 pm my live charts started to bulid those up down hills but by that time i was frustrated also felt like lost many trading opportunities well had some juice and started to concentrate.
Peninland was already up so no trade there.
Same with sobha developers.
Let me update on swing trades still active
ORCHID moved up(no profit booked yet)
DCB did 120 and was booked there
TVS MOTOR 50 CA fell today holding on to it.
So virtually no new trade today till about 1.30 pm
Divislab started to look good on chart since was feeling but left out jumped into the trade without any confirmation and yes Sl was hit game over!!!.Did not do any other trade The only positive thing was Maharashtra seamless which spurted 7% .All in all an ok ok day will try to analyze orchid today which is an swing trade taken since 240+.
Regards
Rish.
Well market started and you see when everything looks good something bad happens my live data feed stopped sucking data into AMIBROKER and me being a chart guy am blind without charts ,I usually don't trade with out charts until forced.Well kept fighting with that software without any sucess.It was only by 12.30 pm my live charts started to bulid those up down hills but by that time i was frustrated also felt like lost many trading opportunities well had some juice and started to concentrate.
Peninland was already up so no trade there.
Same with sobha developers.
Let me update on swing trades still active
ORCHID moved up(no profit booked yet)
DCB did 120 and was booked there
TVS MOTOR 50 CA fell today holding on to it.
So virtually no new trade today till about 1.30 pm
Divislab started to look good on chart since was feeling but left out jumped into the trade without any confirmation and yes Sl was hit game over!!!.Did not do any other trade The only positive thing was Maharashtra seamless which spurted 7% .All in all an ok ok day will try to analyze orchid today which is an swing trade taken since 240+.
Regards
Rish.
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