Back To The Square

Today opening itself, we went long in 9100 level and closed our longs in 9145 and market gone up to 9160 we sold and bought at 9120 again sold at 9160 and covered the same in 9125. from there on the nifty wash pushed up and we bought in 9150 levels and exited in 9190 level....

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The market became certainly bullish in the mid-session and we waited for the peaks to sell hence we were certain the market was pulled up for no reasons with out firm foot on the ground. we sold in 9243.00 and placed buy at 9207.00 it is bought within no time and slides down to 9200 level in minits.Again we sold in 5180 level for a fresh positional short and the market came down to 9110.00 we covered 50% of our shorts and still holding the remaining shorts.Yet one another day we filled our basket.The total gain in intraday alone was about 150 points+.

Expected The Unexpected

The Banknifty was opened in a deep gap down about 200 points.In the last week the market was under a compression and was traded within a narrow cage.From last wed,thus,friday onwards we were selling on every rise and many times our SL were eaten out .Particulrly in friday we were selling right from 9320 level to 9370 and the market rose and we have done three times averaging on every rise to rise our selling Avg. and our selling avg was around 9340+ and today we have covered the same shorts in the opening at 9110.00 and gained 250+ points profits.(Today low was 9106.00,High 9236.50).

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We have also done intraday and all our 3 trades were successful and given us a handsome return of 100+ points.We bought in 9125 and exited in 9185 level and again sold at 9220 level twice and covered at 9190 level.None of our SL was hit today.The market may further slides down as per our TechView's.

Trading Dicipline

Trading dicipline is very much in need for the active day trader...

That pays high rewards...process may be slow,but in long run we will win.There are few clients of ours doubled their investments in banknifty alone in last two months(March&May) We are on top of the goldmine...Do not apply logic in your trading,instead just get along with the market and learn the pulse time to time and trade accordingly.keep all your external thoughts aside and ' JUST BE'