A very happy new year to all!
Here is the list for the day.
Apart from this it would be interesting to see whether NF reclaims and sustains 14000 today. Would give a great trade if that happens.
A very happy new year to all!
Here is the list for the day.
Apart from this it would be interesting to see whether NF reclaims and sustains 14000 today. Would give a great trade if that happens.
One trade triggered. It gave a great move. Traded one more scrip but that was outside the list hence not updating here.
There was only one trade that moved from my list but I did not trade as I follow rules regarding BO and pullbacks. It failed on one count and I avoided it. In hindsight the move was great and had it triggered as per my setup, it would have given a good profit.
My rule is: Never break trading rules! A missed trade is better than a wrong trade!
Here is the list for the day!
Will be continuing my daily blogs from today as was busy for the last 10 days due to covid positives in the family.
Here are the results from yesterdays list.
AP gave a good move in favor while HDFC Bank hit my SL and then moved up.
Apart from the list TCS was traded which really gave a good BO.
Charts below:
Asian Paints:HDFC Bank:
One trade was triggered from the list.
Escorts: Took a long when it was rejected from the 1350 levels. Trailed it for a while but no follow up buying came in at higher levels. Hit TSL.
Here are the results for the days trades.
Titan hit TSL and Baj Finsrv gave a good move. I exited early but am very happy that a few of the subscribers were able to ride the move till the top.
I am also including some old charts from earlier trades that I was not able to post on time. First will be todays trades, followed by the older ones.
Kotak Bank: I had posted the triangle BO in Kotak Bank during live mkt. But just posting the hourly and the 3 min here for ready reference.
Here are the stocks on my watch today.
I shall be posting the charts for the previous days trades a little later in the day.
We had 3 trades. 2 hit Sls and one was a scratch trade.
Maruti: This gave a BO alongwith heavy volumes and I entered at the break of the high after the pullback. However, it failed to move and hit the SL.
HDFC Bank: Posting 2 charts here for learners. One is the hourly chart that shows the support level at which the trade was initiated and the other is the normal 3 min chart.
TCS: Took 2 trades here. One is through the options route where we are long 2750 CE and short 2800 CE for a net debit of 20 points. The other was a plain vanilla BO trade. The BO trade had to be scratched as we ran out of time. It gave a 1 point loss on a lot size of 300.
None of the trades got triggered.
Asian Paints and Tech Mah opened above the entry levels and didnt provide the set up for taking a trade post the opening.
New month starts and we have new margin rules as well. Lets see how it impacts the markets.
These are the stocks on my watch today:
Here are the results for 25th.
Trades in 2 counter. HDFC Life and BNF. 2 worked and 2 did not.
HDFC Life: Took the trade at the break of the ATH at 678 in futures level but I traded cash as I was trading a direct break out and wanted to carry less qty. It gave a nice move and booked 1% in half and trailed the rest with SL to cost. The second trade was when the market bounced back from the crucial level of 13k and I was expecting it to move higher. The rationale was that this counter (HDFCLife) was strong and would have revisited the DH, and also that it was the first time it made a HH and HL after the down move from the high of the day . Did not work and hit the SL.
BNF: Took 4 trades here but could not post the last 2 trades in the Telegram channel on time as the move was very fast and I was in and out before I could have posted the trade. It did give heartburns to few subscribers but please bear in mind that it is not possible sometimes for me to post a trade where there is a scalping opportunity. It is just too fast. Sorry for that! In hindsight they were the trades that gave a profit. I have marked the rationale on the charts and I hope that it shall help the readers to understand and try and take these kind of trades on their own in future. These kind of setups occur frequently in BNF/NF. You may ask me any questions incase any clarification is required. Will answer to each and every query to help.
The first entry was based on the continuation of the upmove after the gap up. I was expecting a nice upmove in BFN based on the previous days closing. The second entry was the reversal and attempt to climb above the PDH. Both were traded through options. Both hit SL. The 3rd entry was when it failed to trade above PDH after repeated attempts and reversed, I took the short trade through buying puts. This moved well and I took another trade looking at the volume profile and speed. Refer chart.
2 trades. Both moved well.
Kotak Bank: This was a buy above the BRN of 1900. Wanted to be sure of the BO so waited for a while before taking the entry. Exited early and it moved very sharply after the exit.
NF 12900 CE: This was a buy above the BRN of 13000. Had attempted to break this level many times but today was finally the day it broke and successfully traded above it. Took the trade through the ITM option rather than futures.
Took 3 trades. HDFC Bank, BNF PE and NF PE.
One SL hit in HDFCBank and the other 2 gave some.
HDFC Bank: This was a break above the previous ATH. It gave the needed BO as well as the pullback, though the pullback was only one candle. Pullbacks are generally a little longer but in stocks the pullbacks may not be that long before the underlying trend resumes. It promptly reversed and took the SL. There was no time even to trail the SL.
BNF PE: This was the classic setup at the break of the PDH. After the break below the PDH it tried to climb back above it and failed to sustain above the PDH and I went short by buying PE as soon as the trend resuming towards the downside. This gave a nice move and I could have trailed but the loss in the first trade was topmost in my mind and I covered as soon as I was in the green.
NF PE: This was the same case as in BNF. Break below the PDH and failure to trade above it. This also gave a nice move in favor.