Trades for 29th Oct 2020

3 trades. All hit SL.

Maruti Future: This trade was given on future as well as cash segment. The first trade was a break above the BO level. It hit the SL and then continued upwards.However, it did give a move of nearly 30 points after the entry but the target was 7300. Volatility was very high in this counter yesterday. 

Maruti Cash: Had kept a buy on the break of the BRN of 7300 as it had spent a long time just under the 7300 level and was continuously making higher lows. The breakout did come accompanied with a high volume candle but the entire market sold off just after the trade triggered and this too resulted in the SL being hit.

NF: This was a breakout above the BRN of 11900 trade. The previous day the market had closed showing strength and I was expecting the market to move further upwards. Post the entry of the trade the market reversed and hit the SL. 

Trades for 27th Oct 2020

Total 4 trades. 

2 hit SLs and 2 gave profits.

Hero Moto: This was a BD trade which reversed and took the TSL. It was good we exited as it gave a great move in the opposite direction later on. Importance of SL is paramount in trading.

 

BNF 24300 CE trade: This was a reversal trade. After moving down after the opening, BNF made a sharp recovery and looked all set to test the PDH. However, the move went sideways and took our TSL.

Asian Paints: This was a BO trade which moved really well. We cashed out early as there were 2 back to back SL hits earlier. Mentality is to recover rather than trail. Its a psychological aspect that we all need to work on improving. Had we trailed, this was enough to recover the entire loss of the previous 2 trades and give us a profit!

Reliance: This was an amazing move just after we entered. Here too we got a good profit but could have trailed. Since the trade was based on a pattern formed intraday...I exited with a little more than 2R return. No complaints here!

Trades for 26th Oct 2020

There were 2 trades taken.

Tata Consum: This was a plain vanilla downward sloping TL break on the hourly charts. The confirmation was given by the volume profile and the trade was taken with the same setup rules that I follow. Since the lot size is big the trade was taken in the cash segment. 50% position was booked at 1% return and the rest was trailed at just above the entry price. The TSL was hit subsequently.

Nifty Future:  This was a BRN break trade. The first confirmation of the downtrend was given when 2 trades that were on the long side never got triggered. This was the first clue that the sellers were far more active than the buyers. Missed the range low break trade that could have yielded more. Waited patiently for the next trade to materialise and it did when the BRN of 11800 was breached. Since nifty had already travelled a lot on the downside, the profits were taken quickly rather than trailing. 

 

Trades on 23rd Oct 2020

Took 2 trades today. 1st in BNF and the 2nd in NF.

BNF: After opening the PA could not hold the PDH at all and was immediately pushed back below the PDH and also broke the DO(Day Open). Took a short trade at the pullback when it did not even manage to retest the PDH level. The initial SL was at the correct place, however the trailing SL got hit and later the trade went our way and I missed the move. Volatility will shake you out and then move in ones favor. Its very frustrating but that's how the markets move! 

 

NF: The trade in NF was a profitable one and could mange to overcome the loss in the BNF trade. After a choppy start it did not give any indication of its move on any side. However, the PDH and the BRN of 11900 was on watch. After repeated attempts at breaking the PDH I could see 2 things, firstly, it was not sustaining for long below PDH and secondly, it could not test the BRN level of 11900 after repeated attempts on the downside. This made me take the reverse trade when it broke the PDH after a pullback with a small SL. The target was the test of DH. It did test the DH but it was with a single spike which prompted me to exit at 2 points. The first exit was at 1 R:R and the second was near the DH. Both the targets were met!

Result for 20th Oct 2020

There was one trade that got triggered in HDFC which promptly hit SL.

No other trades.

From today till the US election results are out and volatility subsides, I shall not be posting my stock list. I expect the market to get very choppy going forward and would not like to be the reason for anyone's trades that go in losses. In case I do get something promising in stocks I shall try and update on twitter, or I shall form a Telegram channel till such time to share my trades. Lets see how it goes.

However, what I will do everyday is try and post my NF/BNF trades here till volatility subsides so that the journaling of my trades does not lose its continuity and whoever comes here for some learning does not go back empty handed.

HDFC

List for 20th Oct 2020

Here is the list for the day!

Shall be keeping a watch on HDFC and Bandhan Bank. The market is at an interesting level. Expecting big moves now in the market as the US election results are approaching. 

Starting tomorrow I shall stop trading stocks futures till 15th November, till the US election results are out and the market stabilises. Would be focusing only on NF/BNF. More on that tomorrow!

Results for 19th Oct 2020

Took one trade on the basis of my setup from the list.

Muthoot Fin gave a nice BO trade but the move post the BO was very erratic and came on spurts in volumes. I wasnt very comfortable and hence exited quickly. It did give a good move after I exited though.

Grasim and UltraCemco also gave BO but didnt give me my entry as per required setup. Ultracemco I took a trade that was not based on a different pattern. It gave me 12 points.

Muthoot Fin

List for 19th Oct 2020

Markets are poised after a sell off on Thursday! Both NF and BNF have made inside day candles within the entire day being spent in a tight range. Normally we can expect a large move after such a scenario. Lets see which way the market moves.  

Todays list has cement stocks to be kept on watch as all had made a good move with volumes on Friday. Need to see if the momentum continues today. 

Muthoot Finance is a volatile scrip...trade carefully!

Message for 16th Oct 2020

My laptop is facing some issues and hence wont be very active today.

There is no list for the day....only 2 stocks can be on watchlist....Reliance and Bharti as both are at crucial levels.

List for 15th Oct 2020

Here is the list for the day!

Yesterday we saw a sharp rally in the last session of the market and the closing was very strong. Lets see if the same momentum carries today.

Results for 14th Oct 2020

 There were no trades triggered from the list.

List for 14th Oct 2020

Here is the list for the day!

Need to be careful today and shall be only watching Reliance.

In case anything interesting comes up in any other stock/NF/BNF....will post on twitter.

 

Results 13th Oct 2020

Here are the results for 13th Oct.

Ultracemco: Immense learning for new traders

This is a little longer thread than usual as I wanted to drive home the point how dangerous it is to scalp in stocks. I tried scalping in Ultracemco as it had opened much above my entry level given in the morning and was generating volumes.. 2 scalps went wrong and before I could even exit, it gave some big wild moves. Net result was I was down 10k in the first 15 mins of the day! The rest of the day was just an exercise in recovering whatever I could and thats the reason I wasn't active on twitter. The next trade in Ultracemco was taken in cash and it moved well. I kept trailing and booking profits at regular intervals. I would urge you all to go through my trades and take a learning. It can save you costly mistakes and you can learn without putting your money on the line.

Future trades: See the time stamp...and see the movement.

Cash trades: A smaller quantity is always more manageable.

Ultracemco Cash trade

Baj FinSrv:

This looked weak at open and generated a short as per setup but the subsequent PA showed clearly that it wasn't generating any volumes below my entry and hence exited at min loss. It is very important to learn to read PA to understand what it is trying to tell us once our entry levels are broken. One must never be rigid in ones views and should be able to admit that the trade seems wrong and exit immediately with minimum damage.

List for 13th Oct 2020

Here is the list for the day.

Need to see whether the market pulls back up after yesterdays sideways to downwards trend. At the moment it looks like it can go any side. Most of the stocks in the list are showing bullish bias. If the market decides to go lower today, we might have a day with no trade. Lets see!

 

Results for 12th Oct 2020

 Here are the results for the day!

Trade got triggered in Kotak Bank. The entry was exact but the SL was too far off for my comfort, hence took the trade in cash segment with reduced quantity. I am attaching futures as well as the cash chart as the entry was at the same time in both. Exited in parts to reduce risk and the highest exit was at 1%. The small remaining qty was taken out by hitting my TSL that was kept at cost.

Kotak Bank Cash

Kotak Bank futures

List for 12th Oct 2020

 Here is the list for the day!

I wont be trading in between for a while today as I need to go to my sons school. So wont be able to share my trades in that period of time! Trade safe!

Result for 9th Oct 2020

 Here are the results for the day!

Took a scalp in Cipla and Indigo in futures. Both worked well. The same was taken based on volume theory. I took another BO trade in Indigo but that was in cash as the SL level was little far and was messing up my R:R. It worked well. The entry was in one shot and exit was in 3 phases. 1st and 2nd was profit locking and the 3rd was the TSL hit.

I am sharing the Indigo cash chart as it was a trade based on my setup. The future trade being a scalp will not make sense on the chart as far as levels are concerned.

Besides this there was a nice in trade in LT that was shared live on twitter and I seriously hope that some of you made some money!

All in all it was a good day!

Indigo

List for 9th Oct 2020

After having seen a great rally over the last one week...we may see consolidation for sometime. Also we have the monetary policy decision today and whatever be the decision, it will definitely make the market volatile. 

Need to be careful trading today. Have seen some good moves in the pharma space yesterday. I will track this space today to see in there are any good setups. 

At the  moment, I have only 2 in my list today. However, I also have Asian Paints/Auro Pharma and Bajaj Auto in my watchlist....

Trade safe today!

Result for 8th Oct 2020

 Here are the results for the day.

Total 3 trades. 1 SL hit and 2 gave some.

AxisBank: Didn't move as anticipated and proved to be a laggard inspite of bnf moving so well in the morning.

TechMah: After a gap up, it consolidated and gave a move that captured some points in favor.

IndusInd Bank: This gave a better move compared to Axis and could book some points in favor.

Charts are as under:

Axis Bank:

Indus Ind Bank:

Tech Mahindra:

List for 8th Oct 2020

Good Morning!

First of all, I am pleasantly surprised by getting messages and likes to my tweets early in the morning! Just goes to show there are some very passionate traders on my timeline :-). I personally also love to study my charts around 4:30 in the morning. There is no bias in your head as you have not been exposed to any news/views so early in the morn!

Today I am expecting it to be a cracker of a day due to the announcements by TCS/Wipro and the weekly expiry. It is even more so as we are at the higher end of the range in BNF/NF for the week as of yesterday. Whichever way the market swings.....I think that we may see a bigger move than what we normally see on expiries. Dekhte hain!

Results for 7th Oct 2020

 Here is the result for the list of 7th Oct.

2 great trades and 1 SL hit. One super trade was in reliance and I had shared the screenshot during market hours of my trade book, so I am not duplicating my efforts here. In any case it was not from my list so I am not including it in my excel as well that tracks progress of my calls for % returns calculation.

Titan : This gave a very fast move and I managed one scalp and later held a position till the end in spot. Both gave good money.

Dr Reddy: After attempting to break out, it fell back and generated a sell signal which didnt work out and ended in a SL hit.

Yesterday I couldnt post the results in the evening as I was busy with one new trader in mentoring him. Even today I would be with him and would not be posting the results in the evening.

Here are the charts.

Titan:

Dr Reddy:

List for 7th Oct 2020

Good morning!

Here is the list for the day!

Today we have TCS results and hence I am staying little away from tech stocks. Rationale is they have run up quite strongly recently and we could see profit bookings( or we may see continuation). In case there is something that looks promising for a trade, I will try and share live on twitter for the learning.

Volatility contraction is seen in quite a few stocks and we can see a major move either side. Will try and take advantage of the move if the setup is correct for any entry.

Reliance is also very near to the BRN support of 2200. Lets see how it behaves at that level.

 Looks like it could be a volatile day today! Seat belts fastened....

Results for 6th Oct 2020

Even though I didnt post a list today I took 2 trades in Asian Paints.

Just sharing the chart here for learning. The first was a scalp which ended in a SL hit. The second trade was a proper setup and the entry was fine as well as the SL was kept a little distance away as I had kept it just below the BO level. Here too the SL was taken. Was not my day it seems! 

Well....tomorrow is another day!

Asian Paints

 

List for 6th Oct 2020

 There are no stocks that are showing a setup as per my system. So the list is empty!

Shall be keeping Titan and LT alongwith Reliance on watch. Since there are no clear levels that are looking good for me watch in these counters, I am not putting them in my list.

Will look at NF/BNF to give me a good set up to trade today.

Trade less, stay safe!

Results for 5th Oct 2020

It was a good day as traded in Wipro and TCS and both moved well. 

WIPRO: I traded this through my scalping technique which has a small SL and small target and could manage to do 2 scalps successfully in the first 10 minutes of the market open. These are high risk setups and it was more so here as the lot size is big in Wipro. I would not recommend this kind of trading for new comers. However, there was also an entry in the regular setup that I trade that came a little later and that too moved well. I didnt participate in that trade.

TCS: Was on radar due to the high pre open and managed a trade in spot that yielded 22 points on 50% of the position and then took the TSL at 10 points profit.

There was another picture perfect trade in HUL but unfortunately couldnt participate as I was already in a trade in a separate counter and avoided 2 simultaneous trades due to the SC hearing in the moratorium case.

I shared the TCS trade on twitter and sincerely hope someone took advantage.

Wipro

TCS

List for 5th Oct 2020

Here is the list for the day.

Watching the IT sector closely as we have TCS results in this week(7th Oct). This should set the tone for the pack of IT scrips which have seen a great run in recent times. This should decide whether we will see an extension of the bull run or profit bookings at higher levels. The IT counter needs to be traded very cautiously going ahead as volatility will be high.